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Basics of HR Analytics and Metrics
HR analytics and metrics refer to the use of data and statistical analysis to measure and understand various aspects of an organization's human resources function. This includes analyzing data on employee recruitment, retention, performance, and other HR-related areas in order to identify trends and make data-driven decisions. One key area of HR analytics is recruitment metrics, which track the effectiveness of an organization's recruitment efforts. This can include metrics such as the time-to-fill position, the cost-per-hire, and the quality of hire. By analyzing these metrics, organizations can identify areas where their recruitment efforts are succeeding and areas where they may need to improve. Another important area of HR analytics is employee retention metrics, which measure how well an organization is able to retain its employees. This can include metrics such as turnover rate, tenure, and employee engagement. By analyzing these metrics, organizations can identify areas ...
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