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WRITTEN ASSIGNMENT        2
WRITTEN ASSIGNMENT
Table of contents
Discussion    3
References    6
Discussion
    Human Resources (HR) departments are increasingly depending on HR metrics in today's data-driven environment to support higher expenditures and improve the efficacy of their hiring initiatives. These measures are essential for assessing the effectiveness of HR initiatives, particularly talent management. This talk looks at four HR measures, how they might be used in a dream job, and how to use them effectively in businesses of all sizes.
Four HR Metrics:
· Employee Turnover Rate: This statistic determines the proportion of workers who leave the company within a predetermined period of time, often a year. It offers information on the organization's capacity to keep talent (Crail, 2023). A high turnover rate may be a sign of problems with leadership, work culture, or employee happiness.
· Time-to-Fill: This metric gauges how long it takes from the time a position is posted to the time the chosen applicant starts working for the organization. A shorter time to fill is frequently preferred since it indicates a successful hiring procedure.
· Cost per Hire: The overall costs associated with finding and employing a new employee are quantified by cost per hire. It includes a range of expenses, such as those related to recruiting, hiring, and onboarding. Monitoring this indicator will help HR make the most of its hiring budget.
· Employee Engagement Score: The Employee Engagement...