HR metrics

What are human resources metrics?

HR metrics are a vital way to quantify the cost and the impact of employee programs and HR processes, and measure the success of HR initiatives. Metrics give a company the ability to track year-to year-trends – but gathering data is just the start.

Best-practice human resource metrics include a process where robust and reliable data is gathered and analyzed for trends and changes. This information is then scrutinized to determine the root cause or contributors to the data so action can be taken. The results of that action can then be measured and analyzed.

The benefits of HR metrics

The goal of HR metrics is to help managers and leaders make better decisions and improve performance. For most organizations, HR metrics are key for goal alignment, driving employee performance and hiring quality talent.

Research also shows that improvements to performance management make significant improvements to a company’s success.

  • McKinsey: companies with strong talent practices outperformed their peer group, earning 22% higher shareholder returns
  • Watson Wyatt: good people practices can increase a company’s value by as much as 30%
  • Corporate Executive Board: Employees most committed to their organizations put forth 57% more effort and are 87% less likely to leave their company than employees who consider themselves disengaged

Keys to success

To build a strong company, you need an engaged workforce that is fully aligned with your core business strategies. Talent management software can help you gather and analyze data to help you build on your company’s strengths while identifying its weaknesses. Find out how Halogen Software can help you create a bright future for your organization.

Strategy

Your goal is to create a top performing workforce that drives higher returns and offers a sustainable competitive advantage. Talent management software can help get you there. Not only does it streamline performance management processes, it also helps you gather data to measure your HR programs’ efficiency and effectiveness, giving your organization insight that drives better decision-making and business results.

Developing and implementing an effective talent management strategy plan

The most challenging part about developing a talent management strategy plan? Getting started. That’s why we created this how-to article that walks you through the typical steps in a strategic planning process, from identifying organizational goals and priorities, to measuring results and planning your next steps.

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Align competencies with core company values to create the culture you need

Intangibles like company culture are important because they impact productivity within an organization. But how can you create and nurture a company culture that benefits productivity and employee effectiveness? This how-to article examines how your talent management programs can help you communicate and reflect your company culture.

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Cloud-based talent management: Making it a reality in your organization

In recent surveys, CEOs have ranked talent management issues in their top concerns. But many organizations haven’t moved their talent management processes online or invested in new talent management technology. This white paper outlines all the steps HR practitioners can take to showcase the benefits of a cloud-based talent management system.

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6 common questions about HR Metrics answered

No matter how you store your talent data, you need to be able to identify the talent metrics that are most important to your business. In this blog post, Halogen’s Sean Conrad chats with Cathy Missildine, Principal and Co-Founder of Intellectual Capital Consulting, about six common questions related to establishing and using HR metrics strategically.

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The balanced scorecard: Where does your HR and talent management strategy fit?

The balanced scorecard is a framework developed in the early 1990s as a way to look at organizational performance across an array of indicators, not just financial performance. In this blog post, you’ll learn the four components of the balanced scorecard, and the questions your organization needs to answer to implement this strategy.

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Mission critical goal alignment: individual efforts must link to your organizational strategy

When every individual in your organization knows how their work contributes to the success of your company, they are motivated and committed to achieving your company’s goals. Yet few organizations are doing goal alignment well. This how-to article looks at different approaches to goal alignment and how to ensure your employees, managers and C-suite are held accountable for their goals.

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Start with good data: making sure performance ratings and scores are well calibrated

Performance ratings mean very little unless they’re seen as fair and accurate. In this how-to article, we go through the steps to ensure that there is transparency and consistency in performance ratings across your organization.

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Building a business case for automated, integrated talent management: The rising importance of intangible assets

Although research shows that organizations that effectively management their talent outperform other companies, many organizations are reluctant to invest in a talent management system. This series of articles looks at three talent management trends – the importance of intangible assets, the changing workforce demographics and the strategic issues facing executives – and how automated talent management processes can help your organization tackle those issues.

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Getting Buy-in: Building a business case for talent management investments

Halogen Software CFO Pete Low leads this webinar on how to build a business case for a talent management system, using the language and metrics that will resonate with CEOs and CFOs. He explains what a CFO’s “mindset” is in today’s economy, and how to present a business case that will address all your CFO’s questions and concerns.

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The ROI of talent management data and analytics as the strategic game changer for HR

The strategic use of data and analytics in talent management can further position HR as the steward of people development practices that drive performance and contribute to business objectives. In this how-to article, you’ll learn the business importance of talent management metrics and get tips on how to get started.

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Developing metrics to evaluate HR’s contribution to the achievement of organizational goals

Dr. Christopher Lee, HR practitioner, researcher and author, leads this webinar on how to develop and use the right metrics to prove HR’s impact on your company’s bottom line. He also examines different measures, methods and evaluation protocols, as well as how to use ROI protocols to determine the effectiveness of HR interventions.

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Are you using HR analytics and Metrics effectively?

Confused by metrics, analytics, predictive analytics and big data? In this blog post, we define the terms and look at the typical journey to HR analytics, and why many companies get “stuck” in the early phases of that journey.

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Tools

We’ve got the software and tools you need to build a business case to justify the purchase of talent management software. Show your C-level executives the insights you can get on your workforce – and how these metrics can help your organization build a top-performing workforce.

The smarter annual report: How companies are integrating financial and human capital reporting

Human capital reporting offers great opportunities for HR to demonstrate its contribution through a core role in shaping the organization’s business results story. This report provides actionable information about what’s behind this movement and what you can do to prepare your organization for better talent and human capital metrics, and reporting. You’ll learn how to deal with multiple report stakeholders, how to tell a meaningful integrated HR story, and how a strategy map can help you communicate the value of HR’s activities to organizational stakeholders.

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How to answer your CEO’s top questions about your talent

We’ve collected the four most-asked talent management questions by executives and created a guide to finding the answers. But we’ve included a reality check: using a manual process to compile information about competencies and goal achievement, talent retention, and learning and development is challenging and time consuming. This how-to article includes case studies of companies who have used Halogen’s solutions, services and content to get the insight their C-suite needs to make key talent management decisions.

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Talent management strategy template

Drafting a talent management strategy isn’t an easy task, but it is one that can deliver major benefits to HR and your organization. This template walks you through the steps required to create an effective talent management strategy and determine the HR metrics you should track.

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Estimating the return on your talent management investment

The best way to justify the cost of performance management system software is to have hard numbers on the return on investment (ROI) – how much money that software can save your organization. Calculating ROI sounds complicated, but we’ve made things simpler with this how-to article that walks you through the steps of calculating the cost of your current system and the cost of implementing a new one.

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HR’s 5 most important roles in managing talent

HR consultant Cathy Missildine explores the need to shift from efficiency tracking metrics to more analytical strategic metrics that truly support effective business decisions. Cathy believes there are five key roles HR should play in their organization: strategist, performance manager, goal cascader, talent manager and metrics guru. She outlines each role and why it’s so important for great talent management and business success.

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Using metrics to improve the efficiency of your HR processes

Not sure if your company’s HR processes are running as smoothly as you would like? Use metrics to analyze the efficiency of your processes and find ways to improve. This how-to article looks at some common issues, such as process duration times, completion rate times and user problems. By taking all the data collected about your talent management processes, you have a better idea of how to improve them for the benefit of your organization.

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Stories

Learn how other organizations have used HR metrics to support organizational goals and optimize human resource programs – and how you can, too.

AGF elevates performance management to drive change and transition

AGF is an investment company based in Canada with offices around the world. The organization was going through a period of transition, and wanted to enhance and elevate its performance management processes. Halogen Software helped AGF automate its talent management processes to drive individual performance in line with overall corporate goals, re-stimulating growth and performance.

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Top northwest accounting firm empowers employees with performance management

Clark Nuber is a CPA and consulting firm committed to ensuring it’s an employer of choice for accounting professionals in Washington State. The organization turned to an automated performance management system that helped give its employees and partners greater visibility into performance and other areas of the business. Thanks to Halogen TalentSpace., employees are now more empowered and connected to their work, and partners are up to date with reports.

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San Diego Zoo redefined corporate culture to focus on employee performance

The San Diego Zoo decided to modernize its practices in 2006, focusing on making its employees more accountable, focused and goal driven. Halogen Performance. helped the organization establish a clear connection between employee and organizational goals, and objectively measure performance so it could be linked with compensation.

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Sun-Rype’s talent management solution yields fruitful results

When Sun-Ripe moved to an automated performance management system, the fruit juice and snack company saw an improvement in employee accountability, employee retention rates and corporate culture. With the help of Halogen Performance., Sun-Rype’s CEO says everyone is now results-oriented and playing a role in delivering against the organization’s strategic plan.

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How CarVal Investors has created a high-performance culture through its performance management strategy

Global investment company CarVal Investors reinforces the importance of employee accountability and unity of vision in achieving their business objectives through their performance management process. With the help of Halogen Performance., they track employee performance in four key areas: how the organization thinks, conducts business, works and leads their people. Using this data, CarVal has reinforced its coaching culture and improved employee-manager feedback.

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New England healthcare leader makes performance-based learning a reality

New England Organ Bank (NEOB) serves 12 organ transplant centers, which have significant regulatory demands. The organization needed a centralized system that would help them manage performance ratings, skill gaps and training compliance. They implemented Halogen Performance. and Halogen Learning., and are also using metrics to more effectively align training and development programs, and measure their impact.

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Solutions

Halogen’s cloud-based solutions can help you optimize HR programs to help build better business results – and clearly demonstrate the impact of those programs.

Halogen’s performance management solution

Performance management programs can fall short if managers and employees see the process as a negative experience, or performance management isn’t clearly linked to the overall success of the business. That’s why Halogen’s performance management solution includes easily configurable software, consulting and professional services, content and support. These elements work together to create a process that is easy to use, transparent and promotes ongoing coaching and feedback.

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ROI calculator

We’ve helped other companies make their talent management processes more efficient, reduced recruiting development and compensation costs and increased productivity and organizational performance. Let us prepare a customized report for you, detailing the return on investment you could expect from implementing Halogen TalentSpace. solutions.

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