12 Important KPIs for HR Manager with Calculation Process

KPIs for HR Manager are measurable values that helps in tracking pre-defined organizational goals of human resources management. KPIs help HR department to optimize their , employee engagement, turnover rate, cost of training etc. Top management's expectations for HR professionals are continuously increasing. As a result, top 12 KPIs for HR Manager are as below that every HR manager should use for getting optimum output.

Suggested:

Absenteeism Rate:

It is a highly important employee engagement for HR Manager and usually calculated by dividing the number of working days in which the employee was absent by their total number of working days. It directly illustrates employee's motivation and engagement in his work. This information helps in predicting absences and detecting operational problems. Month wise comparison of absenteeism rate should place in HR ; it will help HR Manager to achieve departmental goal.

Calculation Formula:

Employee Absenteeism Rate = (total number of absent day / total number of working day) x 100

Average Stay Period:

This is one of the important KPIs for HR Manager which tracks the average period an employee stays with the company. It helps to measure employee satisfaction and employee engagement with the company. Employee satisfaction is measured through employee attitude and engagement surveys. Dissatisfaction is an important cause for which employee turnover occur. If staying period found longer then it will be better for your company's return on hiring and training investments process. High employee engagement predicts higher productivity and lower turnover.

Calculation Formula:

Average Stay Period = Total number of days that X employees stayed in the company / total number of employees in question.

Cost Per Hire:

This is a pretty straight forward KPIs for HR Manager that measures total invested amount of resources for each new employee hired. During calculation, all costs of recruitment (manual advertisement cost, time cost of recruiters, job portal's fees etc.) will be included. This cost is related with company's overall budget, so company should strictly follow and maintain a lead time for each recruitment.

Calculation Formula:

Cost Per Hire= (total internal recruiting costs + external recruiting costs) / (total # of hires in a given time frame)

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