HR Metrics/calculations

HRCalculation

  • Absence Rate = [(Number of days absent in month) ÷ (Average number of employees during month) × (number of workdays)] × 100
  • Cost per Hire = (Advertising + Agency Fees + Employee Referrals + Travel cost of applicants and staff + Relocation costs + Recruiter pay and benefits) ÷ Number of Hires
  • Health Care Costs per Employee = Total cost of health care ÷ Total Employees
  • HR Expense Factor = HR expense ÷ Total operating expense
  • Human Capital ROI = Revenue − (Operating Expense − [Compensation cost + Benefit cost]) ÷ (Compensation cost + Benefit cost)
  • Human Capital Value Added = Revenue − (Operating Expense − ([Compensation cost + Benefit Cost]) ÷ Total Number of FTE
  • Revenue Factor = Revenue ÷ Total Number of FTE
  • Time to fill = Total days elapsed to fill requisitions ÷ Number hired
  • Training Investment Factor = Total training cost ÷ Headcount
  • Turnover Costs = Cost to terminate + Cost per hire + Vacancy Cost + Learning curve loss
  • Turnover Rate = [Number of separations during month ÷ Average number of employees during month] × 100
  • Workers’ Compensation Cost per Employee = Total WC cost for Year ÷ Average number of employees
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