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How to Measure HR Effectiveness with 12 Key Metrics

15Five

You’d be hard-pressed to find a business executive today who doesn’t believe their people are the organization’s most valuable asset. According to Gartner, 58% of organizations say a lack of relevant metrics to track HR progress is one of the top barriers to effective strategic planning. sales revenue, customer service ratings, etc.).

Metrics 105
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HR Finance 101: A Guide To Finance for HR

AIHR

The main responsibility of finance is to allocate and monitor resources that support the goals of the organization while ensuring a balance between revenue and costs. Improving financial strategy: HR needs to understand the factors that drive costs and revenue in their organization. The foundations of finance for HR. Transaction.

Cash Flow 136
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Stop Using The Wrong Inventory Metrics

Chief Executive

Yesterday’s core inventory metrics — inventory turnover (cost of goods ÷ average inventory) and inventory GMROI (gross margin ÷ inventory cost) — fail to provide the essential information that managers need to avoid the twin problems of missing critical potential profits while having to write off large tranches of costly inventory.

Metrics 98
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4 Ways Leaders Can Shape Company Culture To Impact Revenue & Profits

15Five

What is your strategy for lifting revenue or becoming more profitable? Bottom-line driven leadership makes sense, especially when startups and small companies face immense pressure from investors to hit revenue goals and face a future that’s uncertain, at best. Is it all about raising the bottom line , no matter the cost?

Revenue 42
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The Top 13 Metrics that CEOs Should Measure for Strategic Success

LSA Global

While the specific strategy success metrics vary across different industries and different strategies, metrics tend to fall into four overall buckets: Financial, Customer, Employee, and Other. Here is a list of the top thirteen metrics that CEOs should measure for strategic success.

Metrics 57
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Forget The ‘Future Of Work.’ If You Focus On Customers First, Revenue Follows

Chief Executive

As a case in point, we can boil the principle that became classic 15-20 years ago, “ Putting the Service-Profit Chain to Work ” down to this: The more genuine investment we make in customers and our people (with money and time but also in aligning the heart and mission of the organization), the more revenue and profit we gain.

Revenue 52
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7 Headcount Analysis Mistakes HR Should Avoid

AIHR

Mistake #4: Only tracking headcount and not including additional metrics. Measuring additional metrics such as attrition rates, turnover, tenure, and risk of loss helps you conduct a more precise analysis of your workforce. Which hires are most likely to bring in more revenue for the company? What is a headcount analysis?

Metrics 145