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 â€œEmployee turnoverâ€, â€œRecruitingâ€, â€œRetentionâ€, â€œTraining and Developmentâ€ groups. Each group has some basic metrics, which can be extended with more details.
The â€œEmployee Turnoverâ€ group includes financial indicators associated with HR: â€œCost per Hireâ€, â€œTurnover Costâ€, as well as metrics which helps to basically estimate the HR process: â€œTurnover Rateâ€, â€œTime to Fillâ€, â€œLength of Employmentâ€. Metrics for recruiting framework are â€œVacant Periodâ€, â€œNew Hires Performance Appraisalâ€, â€œTurnover Rates of New Hiresâ€.
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