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A Word of Caution

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HR Metrics That Matter

  • Format: Self-paced
  • Course Duration: 1 hr 16 mins
  • SHRM Professional Development Credits: 1.25
  • HRCI Business Recertification Credits: 1.25
  • Certificate of Completion (after passing quiz)

Today, we are addicted to numbers! Our focus on metrics has grown tremendously in the last decade. Targets, Scorecards, Dashboards, KPIs. We all know the buzzwords. In fact, many of us spend hours calculating and presenting what we think are key HR performance indicators. But have you asked yourself the most important question of all?

“If I stop tracking my current metrics, will anyone notice?”

It’s possible you and your team are not only wasting time, but also hurting your credibility by sharing useless information!

The work you do matters. Your Human Resources department must be able to develop and use metrics directly linked to an organization’s goals like every function of the business. If you’re tired of measuring outcomes that no one cares about, learn how to identify KPIs (key performance indicators) that impact your organization’s balanced scorecard and keep your HR team on target.

Modules:

  • Setting The Foundation
  • The Process
  • Business Example
  • Conclusion

SHRM:
HR Jetpack is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP or SHRM-SCP. This program is valid for 1.25 PDCs for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit shrmcertification.org.

HRCI:
This activity, has been approved for 1.25 HR (Business) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
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Title: A Word of Caution
Module: Setting The Foundation
Duration: 2:27

There are two elements of confusion I want to bring to your attention regarding key performance indicators.

First, as the HR professional, you must understand what the overall business has identified as its key performance indicators. Whatever the high level, organizational goals are, your leadership will identify a metric to measure it. That metric could be key to indicating organizational performance. It’ll be a KPI. However, once you, the HR leader, understand the goals and KPIs for the business, you will develop a set of metrics. 

And, what may be “key” for your HR department, won’t be “key” for other departments. The sales team for example will reference their own metrics as “key performance indicators” but you, in HR, wouldn’t refer to them as “key performance indicators”. It’s pretty straight forward. However, when you are having a conversation with a peer in another department, you don’t want to use the wrong terminology. You want to understand this distinction.

The second element of confusion is, why do we need both, regular metrics and Key Performance Indicators? You might be wondering, “why wouldn’t I just use KPIs?”. The bottom line is, the “regular” metrics help support the KPIs. Typically, there’s a link. If you’ve spent the time necessary to identify the right metrics, they will connect to your KPIs. Certain metrics may feed a KPI or may be associated to a KPI which again, is where you, HR, come in.

Some of your HR metrics will feed a key performance indicator for the business. Granted, HR will have a particular set of metrics to demonstrate how well the department is running and meeting its own departmental goals but some of those same metrics will be directly related to a business goal. In another lesson, I’ll discuss how to best to capture, summarize and illustrate your key performance indicators in a balanced scorecard.

 

Instructor: Christina A. Danforth

Christina A. Danforth, SHRM-SCP & SPHR, launched HR Jetpack in 2016 to support the development and professional growth of her fellow HR colleagues. She started her HR career in 2002. After obtaining her Master’s in Business Administration degree, Christina joined United Technologies Corporation. She moved across the United States...

Christina's Full Bio

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