GITNUX MARKETDATA REPORT 2023

Must-Know Staffing Kpis [Latest Report]

Last Updated: October 31, 2023

Written & Summarized by: Jannik Lindner

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Highlights: The Most Important Staffing Kpis

1. Staff Turnover Rate
2. Employee Retention Rate
3. Time to Fill
4. Cost per Hire
5. Training Effectiveness
6. Absenteeism Rate
7. Employee Engagement
8. Job Satisfaction
9. Internal Promotion Rate
10. Overtime Hours
11. Revenue per Employee
12. Performance Evaluation Results

Staffing Kpis: Our Guide

In the domain of staffing and recruitment, KPIs play a vital role in measuring performance and underpinning strategic advantages. In this blog post, we delve deep into the world of staffing key performance indicators (KPIs), based on the latest industry report. Stay tuned as we reveal must-know KPIs that can transform your staffing strategies, boost efficiency, and enhance your overall recruitment efforts.

Staff Turnover Rate

This KPI measures the number of employees who leave the organization during a specific period, indicating the overall employee satisfaction and company culture.

Employee Retention Rate

Contrary to turnover, this KPI measures the percentage of employees retained within an organization during a given time period.

Time To Fill

This KPI measures the average time taken to fill a vacant position within the organization, indicating the efficiency of the hiring process and the ability of the organization

Cost Per Hire

This KPI measures the total expenses incurred during the hiring process, including advertising costs, agency fees, and onboarding expenses.

Training Effectiveness

This KPI evaluates the success of employee training programs by examining the improvement in employee performance and skills after completing training sessions.

Absenteeism Rate

This KPI measures the percentage of working days lost due to employee absence.

Employee Engagement

This KPI assesses the level of employee commitment, enthusiasm, and involvement within the organization, which may directly impact overall productivity and retention rates.

Job Satisfaction

This KPI measures the overall satisfaction of employees with their job roles, work environment, and company culture.

Internal Promotion Rate

This KPI measures the percentage of job vacancies filled by internal candidates, reflecting the organization’s success in employee development and growth opportunities.

Overtime Hours

This KPI tracks the amount of overtime hours worked by employees, which can be an indication of workload balance or the need for additional staff.

Revenue Per Employee

This KPI measures the financial productivity of employees by dividing the company’s revenue by the total number of employees.

Performance Evaluation Results

Often using a combination of metrics such as goal completion, project success, and feedback from managers or colleagues.

Frequently Asked Questions

What are Staffing KPIs?

Staffing Key Performance Indicators (KPIs) are measurable values that help organizations gauge the effectiveness, efficiency, and overall performance of their recruitment and employee management processes. These KPIs enable companies to make informed decisions for improving their talent acquisition and retention strategies.

Why are Staffing KPIs important for businesses?

Staffing KPIs are important because they provide insights into the effectiveness of a company’s recruitment and human resources strategies. By regularly monitoring these metrics, businesses can identify areas of improvement, optimize their processes, control costs, and ensure they hire and retain the right talent to achieve their goals and maintain a competitive edge in their industry.

What are some examples of commonly tracked Staffing KPIs?

Some commonly tracked Staffing KPIs include Time-to-Hire, Cost-per-Hire, Employee Turnover Rate, Retention Rate, Job Offer Acceptance Rate, and Employee Net Promoter Score. These KPIs provide insights into the efficiency of recruitment processes, the financial impact of hiring, and the overall satisfaction and retention of employees.

How can a company improve its Staffing KPIs?

Companies can improve their Staffing KPIs by assessing their current talent acquisition and management strategies, setting clear goals, identifying areas of inefficiency, and implementing targeted improvements. This may include enhancing the hiring process, investing in employee training and development, creating a positive company culture, and regularly reviewing and adjusting human resources policies and procedures to ensure they are effective in attracting and retaining top talent.

How frequently should companies monitor Staffing KPIs?

The frequency at which companies should monitor Staffing KPIs varies depending on their specific goals and industry, but it is generally recommended to review these metrics regularly. This may be done monthly, quarterly, or annually. Regular evaluation allows businesses to quickly identify and address issues, ensuring that their staffing processes remain efficient, cost-effective, and geared towards achieving the company’s objectives.

How we write these articles

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly. See our Editorial Guidelines.

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