--- title: "The 20 Most Important Metrics In Business: HR Budget" description: The 20 Most Important Metrics in business for finance, sales, marketing, social media, human resources, operations and management image: https://www.peerviewdata.com/hubfs/Blog_Images/shutterstock_59573608.jpg --- [![](https://www.peerviewdata.com/hs-fs/hubfs/PD%20logo_horiz_gradient.png?width=182&height=80&name=PD%20logo_horiz_gradient.png)](https://www.peerviewdata.com/) # Peerview Data Insights ## The 20 Most Important Metrics In Business: HR Budget by [Kirk Enright](https://www.peerviewdata.com/old-blog/author/kirk-enright), on May 16, 2016 2:59:16 PM *PLEASE NOTE: the following is an excerpt from **"20 Competitive Metrics Every Business Needs to Know," which is now [available as a free download here](https://www.peerviewdata.com/ceo-secret-ebook).* Performance Metric: **HR BUDGET** Definition:  **A MEASUREMENT OF THE COMPARATIVE EFFICIENCY OF A COMPANY'S PEOPLE-RELATED EXPENDITURES** Importance:  **HR budget is the collection of internal investments a company makes toward maintaining/improving its longterm growth, value and profitability via its human capital. These investments fall into four categories — compensation (fixed and variable), taxes & benefits (healthcare, retirement and payroll taxes), corporate culture (training, recruiting, “perks” and community-building”) and outsourced talent/ subcontractors.  Because norms vary by industry, it's important to put these investments in their competitive context.** Insight:  **In addition to telling a company if it's over-spending or under-spending compared to the average, a good HR budget analysis can also point to internaldisconnects between needs/priorities and the resources being allocated to implement them, thus flagging potential problems.** Goal: **GOLDILOCKS ZONE** Links: [TOP TEN HR BLOGGERS](http://wheniwork.com/blog/top-10-human-resources-bloggers-you-must-follow/) [F](http://www.inc.com/resources/finance/articles/20041201/cashflowformat.html)[OUR POWERFUL STRATEGICES TO EMPOWER HR LEADERS](https://www.hrzone.com/resources/what-are-your-plans-to-be-more-effective-in-your-hr-role-in-2016) (THIRD-PARTY WHITEPAPAER, SIGN-UP REQUIRED) [DEVELOPING AN HR BUDGET](https://www.shrm.org/templatestools/hrqa/pages/whatneedstobeincludedinanhrbudget.aspx) [20 COMPETITIVE METRICS EVERY BUSINESS NEEDS TO KNOW](https://www.peerviewdata.com/ceo-secret-ebook) _____________________________ **Get better insights from the data you already collect.** **Our strategic analysis & benchmarking tool takes your data and turns it into competitive insights you can use to improve your performance in finance, operations, sales & marketing and HR. 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