Here are some sample HR metrics that can be used to measure performance:
Turnover
The rate of employees living the organization and being replaced by new employees.
Turnover = Number of employees who left the organization / Total headcount.
Cost of Turnover
Cost associated with loosing current employees and replacing them with new employees. Example: Cost of hiring, Cost of training, Cost of Overtime.
Involuntary Turnover (Termination Rate)
The rate of terminating employees due to poor performance.
Involuntary Turnover = Number of terminated employees / Total headcount.
Voluntary Turnover
The rate of employees leaving the organization based on their own decision.
Hiring Cycle
Number of days from employee leaving the position to new employee starting to work in the position.
Cost of Employee Training
Total training cost divided by total headcount.
Safety
Number of accidents per period.
Lost Time
Number of days lost per period due to absenteeism, accidents, sick days, etc. divided by total working days.
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