Virtually all successful organizations have dashboards. Simply stated, a dashboard is a monitoring tool that shows how a company is performing relative to a set of KPIs/metrics at any given time.
- They’re typically done in a visual fashion, making them easy to assess read & interpret.
- Think of them as the dashboard on a car—telling you at which speed you’re driving, how much gas you have, your average miles per gallon, etc.
Business dashboards allow managers to examine information in greater levels of specificity, which can help to quickly identify and focus on potential problem areas. However, too often, the dashboard does not include HR related information—or if it does, the dashboard is not measuring the most crucial HR elements.
HR DASHBOARDS
The most successful organizations have an HR dashboard in order to provide them with
data related to the most critical measures of HR success. By linking the data on the dashboard to the key organizational metrics, managers can more effectively see the ties between HR outcomes and corporate goals.
Some common HR dashboard components include:
- Absenteeism Rate
- Employee Turnover Rate
- # of Work-Related Injuries
SOME TRINITY RECOMMENDED COMPONENTS ON AN HR DASHBOARD
The above examples are all valid. However, Trinity believes the best HR dashboard includes measurements of a more specific nature. Here are two examples:
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- HR expenses as a % of total operating expenses
- Revenue per employee
- Employee Satisfaction Index (using Trinity’s Employee PulseTM ) tool
RECOMMENDED EMPLOYER ACTION
Answer the following questions:
- Do we have an HR dashboard?
- Is it integrated with our overall dashboard?
- Is it displaying the right people-related information
HOW TRINITY CAN HELP
Trinity’s Team can expertly and affordably help you to have an HR dashboard that displays the most important and impactful data.
- For more information, e mail Trinity at info@TrinityHR.net or visit our website at www.TrinityHR.net