Several key metrics are essential for effectively managing employees:
Turnover Rate: This measures the rate at which employees leave the organization, indicating overall satisfaction and effectiveness of retention strategies. Absenteeism Rate: High absenteeism can signal low engagement or other workplace issues. Employee Productivity: Often measured as output per labor hour, this metric helps in assessing the efficiency of the workforce. Employee Satisfaction: Surveys and feedback mechanisms provide insights into employee morale and satisfaction levels. Training and Development: Metrics such as training hours per employee and skill acquisition rates indicate the effectiveness of development programs.