Hr management plays an important role. Indeed, success of any company depends on how well its employees are performing. Of course, this is not the only success factor. Yet, even companies having the best strategies may fail because they lack dedicated and professional personnel. Therefore, the majority of successful companies invest much in HR. And of course, it is imperative to measure efficiency of company HR policies. Hr-scorecard-metrics.com is here to help you.

http://www.hr-scorecard-metrics.com/ offers a variety of products related to measurement of HR efficiency and development of an effective HR policy. Such products include human resource metrics, i.e. key performance indicators used to measure efficacy of any hr policies, management methods, budgeting etc. Also, users are welcome to download specialized templates and Balanced Scorecard kits that contain helpful info, samples, case studies and even whitepapers. Such materials are extremely helpful for inexperienced managers with little knowledge on Balanced Scorecard and metrics evaluation in general.

At Hr-scorecard-metrics you will find most important and widely used hr key performance indicators to measure efficiency of hr managers. For example, it is imperative to measure the following kpis:

- average time to hire: this indicator directly measures efficiency of a hr department. If a position remains vacant for a long time the company suffers losses, or certain employees do more work than they have to. As a result, their efficiency may decrease. Therefore, efficient hr departments need very little time to find a person who will be a fit for the company.

- average employee turnover rate: if employees often leave the company and the company needs to hire new employees all over again. This results in monetary losses, since every company spends certain amount of money to hire an employee. So, a hr department that has a low employee turnover rate is a department that performs well. This means that employees are satisfied with their working conditions and salary. It is not a secret that such employees are among the best performing ones.

- employee satisfaction rate: of course, it is impossible that all employees are satisfied with their working conditions and wages. There will be always unhappy workers. However, if the majority of personnel are satisfied with working conditions, wages and managerial approaches, it means that hr department is performing well. It is important to find a balance between employees’ goals and aspirations and those of the company. Within this model, such goals should coincide to the extend they actually can coincide.

- average cost per hire: every hr department spends a particular amount of money to hire one employee. Of course, if the hr managers manage to spend less and still hire seasoned professionals, such employees deserve admiration.

You can find more tips and recommendations on evaluation of hr at articles section of the site.

About the company:

http://hr-scorecard-metrics.com/ is a company that specializes in business metrics development and evaluation, and hr metrics in particular.