The perks of set down KPIs in HR
Key Performance Indicators (KPIs) have been used in many areas to analyze goals, achievement, and productivity, the most common are marketing and sales. But they are not exclusive to these areas; you can define a specific indicator for any company area, such as human resources (HR).
Why set up KPIs in HR?
To achieve a company’s objectives, settling on and measuring the different performances is necessary. This is why you should develop indicators that provide you continuous information about plenty of aspects, such as effectiveness, productivity, quality, efficiency, and many others. But, how can you use this information? And, how will it benefit you? Here are some of the main perks you will obtain with this practice:
- Identify promptly needs in different areas.
- Increase your profitability and productivity.
- Take decisions supported by actualized information.
- Identify strengths and weaknesses in every area.
- Increase your talent retention rate.
- Decrease employee turnover rate.
How to set KPIs?
To make a reasonable determination of which indicators are suitable for your company, you must answer the question: What’s the information that I need to track? The answer is the first step in the right way. However, this process takes time and effort. There are software and companies that specialize in this topic. You can always ask for professional help to obtain better results.
KPIs suitable for HR are countless, as are the benefits they could bring to your company. For more information, contact us at firstname.lastname@example.org