HR metrics that matter for start-ups
One of the key strategies to successfully scale a #start-up is to use metrics from day one. Whether you are an early-stage founder or have just had Series C funding, measuring the performance of your start-up at every stage is important. Metrics help us define goals, track progress, identify problem areas, and make data-driven decisions. Without using metrics, it is impossible to know when and how to pivot your business strategy toward the fast-changing context of start-ups. In the early stages of the company, founders make many decisions based on intuition. This may work for a while, however, as soon as you start scaling up, things can go wrong. If you are not measuring the results of your actions, you will not know what’s going on wrong. While it is critical to measure key performance indicators such as financial growth, revenue, and costs, as a start-up founder you also need to define and measure HR metrics. Here are a few important #HRmetrics that you should be measuring regularly:
