GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HR Scorecard
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HR Metrics
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HR Dashboard
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HR Accounting
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Detailed explanation-1: -KPI stands for Key Performance Indicator. These are measurements of progress have become more important to HR leaders as Human Resources Departments have taken a more strategic role. A Key Performance Indicator (KPI) is a metric that measures the performance of a particular activity or process.
Detailed explanation-2: -Human Resources key performance indicators (HR KPIs) are HR metrics that are used to see how HR is contributing to the rest of the organization. This means that a KPI in HR measures how successful HR is in realizing the organization’s HR strategy.
Detailed explanation-3: -The most common metrics used by HR include headcount, turnover, diversity, compensation, the total cost of workforce spans and layers, employee engagement, talent acquisition, learning, workforce planning, productivity, and manager effectiveness.
Detailed explanation-4: -An HR key performance indicator or metric is a measurable value that helps in tracking pre-defined organizational goals of human resources management. HR departments use KPIs to optimize recruiting processes, employee engagement, turnover rates, training costs, etc.
Detailed explanation-5: -Revenue growth. Revenue per client. Profit margin. Client retention rate. Customer satisfaction. 17-Aug-2022