What is an HR dashboard?
An HR dashboard is a management tool that visualizes and summarizes information, reports, and KPIs related to HR. It allows HR professionals to track and analyze metrics related to the performance of various initiatives and departments, helping with organization, reporting, decision-making, and gathering valuable insights.
What metrics should you include in an HR report?
HR reports can include several metrics, depending on the purpose of the specific HR dashboard. Some common HR dashboard metrics are:
- Employee count
- Employee type
- Employee demographics
- Retirement ratio
- Average age of retirement
- Female-to-male employee ratio
- Turnover rate
- Average job tenure
- Time to fill
- Cost per hire
- Training cost
- Absenteeism rate
- Average and median salary by age and gender
What are the key functions of an HR report?
HR reports and dashboards fulfill a number of purposes important to the HR department.
- Identifying flaws and strengths. By centralizing and making metrics with a strong influence on the success of an organization accessible, HR reports can help point to areas of strength and weakness.
- Supporting decision-making. Full of highly valuable information, HR reports are a crucial tool for strategic decision-making based on data.
- Providing HR analytics. Today’s sophisticated HR tech has advanced capabilities to help HR professionals uncover important insights and trends and track the impact of HR initiatives.
- Offering transparency. HR reports lay essential information out there in a way that’s easy to understand, helping decision-makers and stakeholders get a complete picture of an organization’s activities and health.
What are some examples of an HR dashboard?
HR dashboards can be customized to meet an organization’s unique needs, combining different metrics and data points to meet a variety of purposes. Some HR dashboard examples you may see are:
- HR KPI dashboard: This type of dashboard tracks common KPI metrics, such as headcount, growth, retention, and absenteeism
- Performance dashboard: A performance-focused dashboard that allows you to look at the performance of employees and teams based on metrics such as absenteeism, average tenure, involuntary turnover, average overtime hours, employee productivity, and more
- Recruitment dashboard: This popular HR metrics dashboard looks at everything related to recruitment, including time-to-fill, cost to fill, cost per hire, and so on
- Diversity dashboard: A diversity-centered employee HR dashboard looks at stats related to your team members’ gender, age, ethnicity, salary, retention, and more
- Training dashboard. This dashboard focuses on metrics such as training cost, percent of employees trained, and the satisfaction rate of trainees and managers
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How do you create a Human Resource report?
Thanks to HR analytics software, creating an HR report is easier than ever. You can choose between pre-made HR analytics dashboard templates or create custom dashboards for your own unique needs.
These steps will help you build a custom dashboard:
- Determine the goals you want your dashboard to meet
- Choose metrics to include in your dashboard
- Define who will have access to the dashboard
- Decide how, when, and by whom the dashboard should be reviewed
Why should HR reports be part of modern HR strategy?
HR dashboards are an important way to track metrics relevant to your organization’s health. They allow you to track progress, find trends, identify areas of concern, and analyze essential data. Best of all, with today’s HR tech, HR dashboards are easier to create and use than ever, making them a must-have for any modern organization.