1、center of excellenceby 10 HR Metrics to Track in 20242Whats Inside:INTRODUCTION 3RECRUITING 4 Time-to-Fill 6 Referral Rate 7 Cost-per-Hire 8LABOR COSTS 9 Absenteeism Rate 11 Total Financial Impact of Absences 12 Total Labor Costs 13 Actual Total Compensation vs.Budget 14TURNOVER 15 Turnover Rate 17

2、Voluntary Turnover Rate 18 Turnover Rate by Segments 19ABOUT PAYCOR 21This is your guide to understanding the critical metrics that matter to your C-suite so they can see HR in a brand new light.3HR leaders face uncertainty The New York Fed estimates a 56%chance of a recession in 2024 Interest rates

3、,though falling,are still at 20-year highs And though the“great resignation”appears to have tapered off,the job market is still hyper competitive,with many industries facing what appears to be long-term staffing shortages In this guide,well show you the metrics HR leaders can track to help guide the

4、ir organizations through the next 12 months.In an uncertain economy,HR can help lead the business.INTRODUCTION4What keeps your C-suite up at night:Can we fill key roles fast enough?Can we find good,quality people?How much is it going to cost to recruit and hire them?RECRUITINGRecruiting THE LABOR SH

5、ORTAGE CONTINUESIn 2024,the hiring market will still be primarily candidate driven,with more job openings than available talent.Some industries,like manufacturing and healthcare,will continue to see even more significant gaps in talent According to a Robert Half survey,51%of employers plan to increa

6、se salaries in 2024 to attract talent 5To help,HR needs these metrics:Can we fill key roles fast enough?Time-to-FillCan we find good,quality people?Referral RateHow much is it going to cost to recruit and hire them?Cost-per-Hire1.2.3.RECRUITING6RECRUITING WHAT IS IT?A metric that tracks the number o