Strategic HR Metrics, Reporting and Dashboarding
Metrics are the building blocks to analytics. Metrics are single data points that reveal information about the past and the present and are often presented in spreadsheet format. Because metrics reveal information about the past and the present, they fall into a category of analytics called Descriptive Analytics.
Quite often, there is a disconnect between what companies measure and what is important.
Metrics help determine the efficiency and impact of the workforce on organisational strategy and success. But quite often, there is a disconnect between what companies measure and what is important. Most H.R. measures today focus on how the H.R. function is using and deploying its resources and whether they are used efficiently. H.R. needs to increase its capacity to support key decisions about human capital that drive organisational effectiveness. Data-driven HR starts by defining and implementing the right H.R. metrics and is the first step in the journey to analytics maturity. Retention Bridge can help you to establish the connection between talent and strategic success and create accurate and effective metrics that are aligned and support your organisation’s strategy and provide business value.