Specifically, HRMetricsPro enables you to:
See the critical employee costs that affect your company
HRMetricsPro is developed by Retensa. Retensa is a leader and innovator of Employee Retention Strategies. They combine experience and technology to help organizations attract, motivate, and retain great employees. Retensa's employee specialists average 18 years experience in Talent Management and because of proven success is recognized as a leader by: ABC News, AICPA, Associated Press Radio, Business TV Channel, BusinessWeek, Crain's Business, Forbes, NBC News, Newsday, NY1 Television Pharmaceutical Executive Magazine, SHRM, and many many more.
HRMetricsPro is customized based on your company's specific information so you will have the most accurate assessment available. With 32 HR metrics evaluating over 151 employee activity and process variables, HRMetricsPro provides the most comprehensive measurement of employee costs - with the goal of saving you money year after year.
HRMetricsPro is built to capture your business's direct costs of turnover, such as separation costs, the cost and savings from unfilled jobs, replacement costs, and new employee training costs.
HRMetricsPro also calculates critical HR and talent metrics, such as time to hire a new employee, recruiting and orientation ROI, the amount of human capital value added, and attrition rates, to provide you with a complete picture of what your total employee costs are really composed of.
Click to learn more about direct costs measured by HRMetricsPro
Direct Costs with a measurable impact on your bottom line include:
- Candidate testing and screening
- Employment advertising
- Employment liability
- Executive search fees
- Exit interviews
- New hire processing
- New hire training
With HRMetricsPro, you will understand where your direct turnover costs derive from and how much is being allocated to each activity and process - and where you can find savings.
Once you start saving with HRMetricsPro, you'll continue to save throughout the year for years to come.
Click to learn more about indirect costs measured by HRMetricsPro
Indirect Costs of turnover may have a greater impact than direct costs, but can be harder to quantify. However, HRMetricsPro accounts for such indirect costs as the following:
- Delays in service
- Delays in production
- Lost intellectual capital
- Lost sales
- Reduced morale
- Reduced reputation
HRMetricsPro reveals and pinpoints exactly what indirect costs and intangible HR activities and processes are associated with your employee costs.
After discovering where you can start saving, you will continue to see savings accumulate year after year.
HRMetricsPro: The investment that keeps on giving to you.
Analyze and evaluate your Human Capital ROI (Return on Investment)
HRMetricsPro delivers detailed reports on key components of your organization's turnover costs. You will receive an in-depth summary of all metrics associated with attracting, recruiting, staffing, on-boarding, and training new employees.
In addition, you will receive benchmarking data that compare your firm with others in your industry. These are presented in an easy-to-understand report summary format with graphical charts.
With HRMetricsPro, not only can you analyze your cost of turnover, you can also gauge your standing in your industry.
Our comprehensive audit guarantees that you clearly see what your Human Capital Return on Investment (ROI) is - and what it could be.
Year-In, Year-Out Savings
The cost savings calculated by HRMetricsPro are, typically, not just a one-time savings. Frequently, they're savings that you can count on every year. Using HRMetricsPro could be like giving your company an annuity.
HRMetricsPro: The HR analysis and savings tool you wish you'd had earlier.
See trends in graphical executive-level dashboard
Has your cost-per-hire risen or fallen in the last 3 years as you've relied more on online recruiting?
Has new employee tenure increased as a result of your more extensive on-boarding process?
Give HRMetricsPro your raw data, and it will answer questions like these for you. In doing so, it will provide facts and figures for validating data-based decisions going forward. HRMetricsPro will help you proactively plan your retention strategies while knowing you'll be able to improve your bottom line.
HRMetricsPro provides graphs and charts automatically. No downloading spreadsheets. No formatting needed. No cutting. No pasting. HRMetricsPro's' reports are executive-ready.
Sample graphical charts for your report:
If you want to have your own HRMetricsPro dashboard containing over 46 graphs like these, click to schedule a callback or request your free quote.
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