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So much of Human Resources (HR) has to do with the human touch: checking in with employees, making sure that they feel psychologically safe and secure, promoting a healthy culture, and so forth. But, at the end of the day, you’re responsible for more than just your employees’ feelings (as important as those are). You also have to ensure your organization’s HR strategies are driving it toward success.
That’s the crucial role KPIs play. Love them or hate them, they have become an essential way for HR leaders to assess the effectiveness of their HR initiatives, and guide their strategic decisions. In short, they tell you whether the things you’re doing are working or not. So let’s explore some essential HR KPIs and metrics you should be focusing on in order to drive success.
What are HR Key Performance Indicators (KPIs)?
Just like regular key performance indicators (KPIs), HR KPIs are quantifiable metrics used to gauge the performance and effectiveness of organizational strategies, team objectives, and the individual contributors driving them. The only significant difference is that HR KPIs are focused solely on HR initiatives. Or, more specifically, how those HR initiatives are contributing to the organization as a whole.
