Remove Metrics Remove Scaling Remove Staffing
article thumbnail

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
article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Compehensive Dictionary of HR Terms To Know [In 2024]

AIHR

Compa ratio Compa ratio , also known as a comparative ratio, is a metric that compares an individual’s or group’s salary to the midpoint of a defined salary range. HR Metrics and People Analytics terms 33. Employee lifetime value Employee lifetime value (ELTV) is another important HR metric. ” 3. ” 10. .”

article thumbnail

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
article thumbnail

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?

article thumbnail

Fluid Organization Design: Putting the “Fun in Fungible”

AlignOrg

Let’s discuss this flexible concept of hiring and staffing, often referred to as fungible talent. They include utilizing a mix of full-time employees, contractors, freelancers, and gig workers to quickly scale as needed. What is Fungible Talent? Agile Workforce Models: Agile workforce models emphasize flexibility and responsiveness.

Staffing 108
article thumbnail

A Practical Guide to Candidate NPS

AIHR

It’s based on a well-known Net Promoter Score metric, which measures customer experience. cNPS is a recruiting metric and KPI that companies use to evaluate their candidate experience to improve the recruitment and selection process and employer brand. And candidate NPS is not only relevant to current staffing needs.