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The 21 metrics you need for Strategic Workforce Development

AIHR

In this article, we will explore the key metrics that you need to prepare your organization for the future. For this article, I want to zoom in on the data and metrics that are useful to create in the Strategic Workforce Development process and why. This is where strategic workforce planning, or development, comes in. The must-haves.

Metrics 133
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HR KPIs: Guide, 20 Examples & Free Template

AIHR

HR KPI examples HR KPIs vs metrics Characteristics of good HR KPIs Leading vs. lagging KPIs HR KPIs case study HR KPI template HR KPI best practices FAQ What are HR KPIs? Human Resources key performance indicators (HR KPIs) are strategic HR metrics used to assess how effectively HR supports the organization’s overall goals.

KPI 98
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The Optimal HR to Employee Ratio

AIHR

Let’s start by exploring what the HR to employee ratio (also known as HR to staff ratio or HR staffing ratio ) is. This metric provides a ratio that is indicative of the efficiency of HR. Say a fast-growing scale-up company has 2045 employees (1860 FTE). A third factor is budget (duh) and staffing budget control.

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10 Top Recruitment Marketing Tools of 2024

Vantage Circle

Recruit CRM : Tailored for staffing agencies, combining CRM and ATS features to streamline client and candidate management. Customizable dashboards enable recruiters to monitor performance metrics effectively and make informed decisions. The platform offers advanced reporting features that provide insights into hiring metrics.

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Free Workforce Planning Template (Plus 5 Practical Examples)

AIHR

You can use it to: Make informed decisions and manage potential risks Identify key metrics to track for accurate forecasting Better allocate resources Pinpoint potential workforce-related risks (e.g., Finally, outline a development plan for candidates, set performance metrics and KPIs, and establish a monitoring process.

Metrics 52
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FTE vs. Headcount: The Key Differences HR Should Know

AIHR

FTE is an important metric for HR for several reasons. Opportunities to improve efficiency across the organization can be pinpointed when making seasonal hires or general staffing decisions. Headcount (also known as employee count) is a metric that calculates the number of employees in an organization at any given time.

Metrics 111
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What is HR Analytics? All You Need to Know to Get Started

AIHR

Importance of HR analytics HR analytics examples Key HR metrics Data analytics in HR: How to get started How to transition from descriptive to predictive and prescriptive analytics in HR HR analytics certification FAQ What is HR analytics? Contents What is HR analytics? What is HR analytics used for?