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How to Measure HR Effectiveness with 12 Key Metrics

15Five

You’d be hard-pressed to find a business executive today who doesn’t believe their people are the organization’s most valuable asset. According to Gartner, 58% of organizations say a lack of relevant metrics to track HR progress is one of the top barriers to effective strategic planning. sales revenue, customer service ratings, etc.).

Metrics 90
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Stop Using The Wrong Inventory Metrics

Chief Executive

Yesterday’s core inventory metrics — inventory turnover (cost of goods ÷ average inventory) and inventory GMROI (gross margin ÷ inventory cost) — fail to provide the essential information that managers need to avoid the twin problems of missing critical potential profits while having to write off large tranches of costly inventory.

Metrics 98
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HR Finance 101: A Guide To Finance for HR

AIHR

The main responsibility of finance is to allocate and monitor resources that support the goals of the organization while ensuring a balance between revenue and costs. Labor costs like salaries, benefits, and related taxes make up as much as 70% of total operating costs of a business. Why does HR need to know finance? Transaction.

Cash Flow 117
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Side-by-Side, CEOs And CFOs Plot The Future

Chief Executive

Although a similar closeness existed a decade ago, what is different in their relationship today is the CFO’s deeper involvement in operations. Our relationship has evolved to the point where I can’t imagine running the operations without her,” he said. Special Operations. Barnes is relieved she’s in that seat.

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10 People Sustainability Strategies for Your Business

Vantage Circle

Creating a sustainable workplace can attract and retain top talent, reduce operating costs, and improve your brand image. It is often measured on certain ESG metrics. These metrics are indicators used to assess the performance and potential risks of a business's operations concerning environmental, social, and governance issues.

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12 digital transformation best practices with examples

Walk Me

12 digital transformation best practices with examples Best practices help focus your efforts as change leadership to drive your organization toward innovation, success, and higher revenue, as staff at every level maintain motivation to succeed for all your change initiatives.

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7 Headcount Analysis Mistakes HR Should Avoid

AIHR

Then you get a little bit bigger, and the organization needs more structure, but your inertia can just continue to carry you forward, operating in the same way. Mistake #4: Only tracking headcount and not including additional metrics. Which hires are most likely to bring in more revenue for the company?

Metrics 122