Search This Blog

Thursday, July 9, 2015

HR Metrics/calculations

      
              Ø  Absence Rate
[(Number of days absent in month) ÷ (Average number of employees during month) × (number of workdays)] × 100

             Ø  Cost per Hire
(Advertising + Agency Fees + Employee Referrals + Travel cost of applicants and staff + Relocation costs + Recruiter pay and benefits) ÷ Number of Hires

              Ø  Health Care Costs per Employee
Total cost of health care ÷ Total Employees

              Ø  HR Expense Factor
HR expense ÷ Total operating expense

              Ø  Human Capital ROI
Revenue − (Operating Expense − [Compensation cost + Benefit cost]) ÷ (Compensation cost + Benefit cost)

              Ø  Human Capital Value Added
Revenue − (Operating Expense − ([Compensation cost + Benefit Cost]) ÷ Total Number of FTE

              Ø  Revenue Factor
Revenue ÷ Total Number of FTE

              Ø  Time to fill
Total days elapsed to fill requisitions ÷ Number hired

              Ø  Training Investment Factor
Total training cost ÷ Headcount

              Ø  Turnover Costs
Cost to terminate + Cost per hire + Vacancy Cost + Learning curve loss

              Ø  Turnover Rate
[Number of separations during month ÷ Average number of employees during month] × 100

              Ø  Workers’ Compensation Cost per Employee
Total WC cost for Year ÷ Average number of employees


No comments:

Post a Comment