Perhaps, it is not a secret that human resource management is incredibly important for companies operating in any industry. Yes, success depends on whether or not a company has a good strategy and enough monetary resources to implement it. However, sometimes managers and shareholders forget that it is employees who implement the strategy, not only top managers. Therefore, it is extremely important to have qualified and dedicated personnel. So, investments in HR and evaluation of HR performance, as well its compliance with the company strategy is all important.

Hr-scorecard-metrics.com is proud and happy to offer its products and services to companies and managers who came to understand that investments in HR will definitely come back with more profits. Evaluation of a hr department with the Balanced Scorecard is the best way to measure its performance. Site visitors will find a myriad of BSC and metrics related products. It is a fact of common knowledge that choosing the right metrics is a key to successful implementation of Balanced Scorecard. Indeed, when evaluation hr efforts and campaigns, it is imperative to choose winning KPIs (key performance indicators). So, this is what you can get in a metrics package for human resources evaluation:

Time per one hire. Yes, it is important to be quick in hiring, but at the same time employ seasoned professionals. It is obvious that if a particular position remains vacant, a company may suffer losses. So, efficient hr managers are aware of the best way to quickly hire employees that will be a perfect fit for the company. For instance, if the hiring department cannot find a good sales manager for 2-3 months, something is wrong with hiring approaches or offered terms and conditions and/or wages.

Cost per hire. Yes, it is possible to spend huge money on advertising and cooperation with recruiting agencies. However, those expenses may not be justified. Therefore, HR managers should make sure they spend a reasonable amount of money. Sometimes, it is necessary to overpay, for instance, to get a top level manager. Yet, in the majority of cases reasonable approaches work the best.

New hire turnover rate. The worst thing that can happen to a HR manager is hiring a new employee who leaves the company in half a year or so. The company invests in education and training of its personnel. Obviously, if an employee leaves the company, top management suffers expenses, i.e. the money spent for hiring and training of such an employee.

Also, at Hr-scorecard-metrics you can download BSC software that will make evaluation of HR strategies and campaigns even more effective and easy. Also, trial versions of all products are available. Inexperienced managers may start with templates, samples and balanced scorecard (BSC) metrics for HR .

About the company

Hr-scorecard-metrics.com is a company that specialized in business metrics evaluation, namely in the realm of HR - http://www.hr-scorecard-metrics.com/