Benefits Metrics

We believe the most valuable and relevant metrics support objectives. In our quest to standardize metrics we believe that we can find several common objectives among companies of all sizes and across all sectors in relation to categories of HR. For instance, we believe that most people would agree that a common objective of most businesses would be to make a profit. In the staffing function of HR, we believe that most people would agree that a common objective would be to attract and retain employees that perform adequately in achieving the company’s objectives.

Can a common objective be identified in relation to the HR function of Benefits? What are companies really trying to achieve in relation to benefits? We ask these question as one of the first steps in tabulating the results, capturing any commonality, and then developing meaningful standardized metrics. Below please find a sample “Benefits Objective”. Does it mirror your company’s objectives? If not, would you be willing to share your company’s objectives with us? Post your ideas, thoughts, and metrics.

Sample Benefits Objective - Competitive benefits efficiency that supports the attraction and retention of key employees

We’ve developed sample metrics that support the objective above. They can be found on our Benefits Metrics page. This page also contains some common benefits metrics that are being used and we’ve set up a message board dedicated to sharing information regarding benefits. The page is a prototype for other metrics pages on our site within other functions of HR so please provide us with your feedback.

Visit our Benefits Metrics Page Now