A guide toHR METRICSTHATMATTER

What are HR metrics?

HR Metrics are measurements that determine the effectiveness of your human resources initiatives. Once you’ve determined your critical goals for recruiting and retention and diversity, equity, inclusion, and belonging (DEI&B), you can use HR metrics to take a data-driven approach to track and assess your progress and challenges.

Why should HR use a data-driven approach?

In today’s world of work, HR professionals are involved in strategic decisions about their company’s growth and success—what is working, what isn’t, and where to invest future efforts. But HR leaders don’t gather all their insights or make these decisions in a bubble. They are working with other departments, especially finance—and that collaboration goes both ways.

In fact, according to research by HiBob conducted in July 2022, 94 percent of CFOs surveyed said they collaborated with HR, and 88 percent said they regularly collaborated weekly, biweekly, or monthly.