HR Scorecard was designed as a general metric framework for estimation of any HR-related issues. This set of metrics will provide common ideas about what indicators might be used to measure human resource performance. The four groups of metrics include “Employee turnoverâ€, “Recruitingâ€, “Retentionâ€, “Training and Development†groups. Each group has some basic metrics, which can be extended with more details.
The “Employee Turnover†group includes financial indicators associated with HR: “Cost per Hireâ€, “Turnover Costâ€, as well as metrics which helps to basically estimate the HR process: “Turnover Rateâ€, “Time to Fillâ€, “Length of Employmentâ€. Metrics for recruiting framework are “Vacant Periodâ€, “New Hires Performance Appraisalâ€, “Turnover Rates of New Hiresâ€.
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