Home » Blog » Do you want to know three KPIs for your business?

In our last blog we explained KPIs here are three you may want to consider in HR working with the Line Manager HR ones that you may wish to consider

Absenteeism

High rates of absenteeism can be indicative of major problems with your culture. Whilst individual employees may have legitimate reasons for absence, you need to closely monitor the blended overall trend of absenteeism. This is especially so as your organisation grows. The formula is (Total lost workdays due to absence) / (Number of available workdays) = (Absenteeism rate).

Job Referral Percentage

Nothing is more indicative of strong culture than when you have a high rate of job vacancies filled by employee referrals. Employees will only refer their friends and family if they genuinely believe that they’re working in a great place. A high rate of roles filled by referrals is not only indicative of a good culture but is also a very cost-effective way to hire low-risk talent.

Turnover Rate of High Performers

Culture is important for everyone in the organisation. High-performers are arguably the most sensitive to whether or not your culture is effective. That’s because they tend to have a plethora of employment options and can look beyond hygiene factors such as money alone. If your top performers are leaving, either you’re not paying enough, OR you have a major problem with your organisational culture.

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