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Turnover and attrition are two basic HR metrics that companies should monitor on a regular basis. Companies are more likely to retain employees when they feel engaged, productive, and understand how their job plays a role in the company’s overall success. Learn more Employee Turnover Data Analysis: 8 Tips for Success What is attrition?
Employees who are disengaged are less likely to care about meeting performance metrics. It’s based on performance metrics on a team or individual level. A skills gap analysis focuses on assessing the available skills present in the current workforce vs. skills needed in the future as jobs are reorganized or changed.
This most commonly happens during reorganization or layoffs. During mergers, acquisitions, or other reorganizations, employees will feel uncertain about future employment and may jump ship during the process. This also benefits your strategic workforce planning and successionplanning. FAQ What does attrition mean?
An effective HR dashboard makes it easy for People Teams to gain insights into turnover rates, labor costs, and other workforce metrics. We compare it to the HR report, examine key functions and metrics, and discuss how to build an effective dashboard. In this article, we explore the intricacies of the HR dashboard.
Good metrics to quantify this skill are things like an increase in usage, feedback score of a new process, and rolling out within a tight timeframe. How to showcase it in your resume : Outline what data metrics you tracked and if that led to any improvements in processes.
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