The HR department is the backbone of every business. As HR specialists recruit, assess, interview, and train employees, they help keep small businesses on track. A strong workforce is ultimately the foundation of your company, and a great HR team will strengthen that very foundation.
As they oversee and manage the entire life cycle of an employee (payroll, benefits, employee relations, etc.), they maintain efficiency and organization in the workplace. HR managers plan and execute a wide range of the administrative functions of a company. Simply put, you can’t skimp on HR management.
As a small business owner, you have to invest in managing human resources as efficiently, smoothly, and assiduously as possible. In this blog, we’ll walk you through three ways of achieving this. Continue reading.
1. Use an HR Training Dashboard
HR training dashboards are designed to track training hours and costs. By using a comprehensive and organized Excel spreadsheet, small businesses can monitor employee training information, consolidate training metrics in one place, visualize overall HR performance, and consolidate KPIs in one dashboard.
With modern data visualization, the spreadsheet offers a clear overview of training costs, budget information, and so much more.
Recommended: HR Training Dashboard
2. Use an HR KPI Dashboard
There are 12 critical KPIs in the HR department:
- Employee Expense
- Employee Expense Ratio
- Revenue Per Employee
- No. of Employee/FTE
- Full-Time Employee
- Contractual Employee
- Training Expense
- Training Hours
- Cost Per Hire
- Time to Fill Position
- Average Absenteeism Rate
- Overtime Hours
Using an HR KPI dashboard is a great way to track these KPIs and oversee HR performance. As a small business, you can efficiently organize and streamline your data in one place. You’ll also manage to gain key financial insights and receive professional support.
Recommended: HR KPI Dashboard
3. Use an HR Metrics Dashboard
Designed with performance in mind, an HR metric dashboard can help you manage your HR team more efficiently. As you gain a dynamic overview of key HR metrics, you can track performance, absence, and turnover.
The Excel template is fully editable and easy-to-use. Simply plug in your data and it’ll be ready instantly.
Recommended: HR Metrics Dashboard
In addition to using these three dashboards, we also recommend scheduling weekly team meetings. This is a great way to get up to speed with ongoing performance, identify weaknesses, and motivate your team.
By ensuring frequent check-ins, you’ll manage to keep your team excited about achieving their goals and steer your company towards continual, consistent, and impressive growth.
At Biz Infograph, we’re committed to helping you manage your HR team like a pro. Start browsing through our professional HR dashboard templates to get started.
If you have any questions, feel free to reach out to us. We’re always happy to help!