In today’s data-driven world, human resources departments are increasingly relying on data and analytics to make informed decisions. HR dashboards and templates play a crucial role in this by providing a clear and concise overview of key HR metrics.

What Is a Human Resources Dashboard?

The HR Dashboard is a visual representation of key HR metrics, providing a snapshot of the organization’s human capital trends. This powerful tool is invaluable for CEOs and leadership teams, enabling them to closely monitor critical aspects of the workforce. HR dashboards and reports are essential for effective human resource management, empowering HR managers to make data-driven decisions and navigate the complexities of employee management. Focusing on employee performance and well-being can be challenging, but HR dashboards streamline these tasks, providing easy access to relevant information with just a few clicks.

By leveraging HR dashboards and reports, organizations can gain valuable insights into their workforce, identify areas for improvement, and make informed decisions that drive business success.

What Is an HR Report?

The HR report is a continuous process that gives an analytical approach to statistics, insights and metrics that focuses on workforce performance improvements, recruitment process and many other human resource related tasks. 

There are many metrics related to the HR report. But the most important are the top-level metrics such as recruitment metrics and performance metrics. They can be used for special dashboards.

Why Do You Need HR Reports?

 

For better hiring decision

The decision to hire is not a straightforward and often challenging task. If a proper hiring process is not done, then many questions arise. Therefore, reports, dashboards and analytics come in the picture that make any hiring task easy.  From the records of past hire you can make smart hiring process.      

The Analytics report filters out the initial process of hiring, for example, suppose the company’s experience has a demand of 5 years, so you can end the experience of a candidate below 5 years.

Hiring requirement forecast

The predictions of human resources (HR) include meeting labor requirements and their impact on a business. The hiring requirement forecast includes short-term and long-term employee requirements, based on estimated sales, office development, attraction and other factors that affect the company’s needs of labor.

When the business owner tells you to hire new employees, you’ll already have some good candidates in the queue.

Tracking employee performance

Employee performance judge the status of employee. By the performance dashboard HR manager takes the proper action to employee.

With the help of analytics, you can identify the company’s best performers. Apart from this, these best artists can offer promotions, additional training, or other opportunities.

Identify hierarchy issue

The company employee comes with problems of HR professionals. However, this not frequent but to manage this issue and to maintain the working process in flow without affecting the company hierarchy HR manager need to take appropriate decision.

With the help of analytics and dashboard we can fit the employee in substitution

Compensation management

Compensation management is a balanced process. You must satisfy Employee PayScale. You have assured the employee that they are in the best position and are giving satisfactory Pascale keeping in mind the company’s budget.

Analytics helps in this situation to maintain the balance process. You can easily see the pay scales, benefits and other types of compensation, and compare that data with the employee’s performance, your budget and other factors.

HR KPIs and Metrics

Below are some KPI and Metrics. Human Resources Manager is increasing the use of these KPI indicators on their day-to-day work.

Employee Productivity: Measures how effectively employees utilize their time and resources to achieve organizational goals.

Recruiting Conversion Rate: Tracks the success of recruitment efforts by measuring the percentage of applicants who progress through each stage of the hiring process.

Training Cost: Determines the overall expense associated with employee training programs.

Overtime Hours: Monitors the number of hours employees work beyond their regular schedule.

Time to Fill: Tracks the average time taken to fill a vacant position.

Turnover Rate: Measures the rate at which employees leave the organization.

Cost per Hire: Calculates the total cost of hiring a new employee, including recruitment, screening, and onboarding expenses.

 

How HR dashboard improve your business goals?

 

Human Resources Dashboard helps improve your business’s performance in the following ways:

Workforce management

The Workforce Management Dashboard helps human resource managers develop and distribute your workforce. If HR Managers feel they do not have an Employees, then they can process recheck with the help of workforce management dashboards.

Tracking absenteeism

Tracking absence metrics helps the human resources manager to calculate the time that the staff were on average absent in the previous period. Another representation of this number is the total number of the employees’ absence.

Payroll and Payroll Management

Every company is making some policies for salary structure through an effective scoreboard on remuneration management. With the help of payroll management dashboard HR can collect payroll inputs, can calculate gross and net salary, set pay policy, can deposit and report dues like TDS, PF, ESI etc.

Recruitment Dashboard

The recruitment process begins when the employment offer is placed on the employment market. And it ends when a candidate is recruited to meet the needs of the company. Various important decisions are taken in this process. The recruitment dashboard is essential to complete this process easily.

Skills and Talent Management

Skill and talent management is an HR process to attract, develop, motivate and retain high-performing employees. The Talent Management Dashboard is a workforce analytics and reporting tool that helps employers establish effective selection and treatment of talented and skilled employees. It displays a complete list of the company’s workers and specifies information about talent management about them, including skills and expertise, personal achievements, productivity rates, business of employees etc.

A dashboard for talent management consists of these modules:

Recruitment Summary

Workforce Productivity Analysis

Performance Management

What Makes a Strong HR Dashboard?

Any dashboard will be useful if we measure KPI that makes sense, is manageable and functional. A good dashboard is one that displays valuable information to HR professionals.

Eliminate tons of KPIs which do not belong to your organizations and environment. The decision makers in the company must plan the company’s strategy to start management with different goals. To achieve the goal and achieve the best results, HR leaders need to work together to identify the data needed to act.

Below are a few tips for creating a good HR dashboard:

Narrow down what you measure

Only measure meaningful data

Dive deeper

 

Human Resource dashboard and HR report templates

Talent Performance

For any HR Talent Performance dashboard can be an important tool to understand your workforce and plan. A talent performance dashboard can be a customizable workforce reporting tool that helps to make an effective selection and treatment of talent to hire recruiters and managers. Below the dashboard you have a brief idea of how the HR can use and customize the dashboard

Hires Terminations

The Hiring and Termination Dashboard allows HR Manager to scan different information about hiring process, task assignment, termination process etc. the HR can even choose various report like Department, Status and Date to accumulate desired information.

Workforce Performance

Human resources managers can monitor the performance of the workforce of each individual employee of the organization. They can filter the reports based on area, department, business unit, job class, performance.

Employee Details

The employee detailed report provides an opportunity for HR to review and update its personal and job information at a central location.

Conclusion

By effectively tracking and analyzing these key HR metrics, organizations can gain a deeper understanding of their workforce, identify areas for improvement, and make data-driven decisions that enhance employee engagement, boost productivity, and drive overall business success.

To start leveraging the power of data-driven HR, register for a free trial of EzDataMunch today!

EzDataMunch provides a user-friendly platform for HR professionals to easily track, analyse, and visualize key HR metrics, empowering you to make informed decisions and optimize your workforce.

FAQ’s

What are HR dashboards?
HR dashboards visualize key metrics like attendance, turnover, and recruitment trends, offering real-time insights to help improve workforce management and decision-making.

How do HR templates assist reporting?
HR templates streamline monthly and annual reporting by standardizing data presentation, saving time while ensuring accurate insights into performance, headcount, and compliance.

What metrics do HR dashboards cover?
HR dashboards include metrics like employee engagement, training progress, absenteeism rates, and hiring efficiency, providing actionable insights for effective workforce management.

Why use HR dashboards for annual reports?
HR dashboards consolidate yearly data into visually engaging formats, simplifying trend analysis, and strategic planning for workforce productivity and policy improvements.