Fruitfully information for any HR professional.
HR Metrics :-
Absence Rate:
[(Number of days absent in month) ÷ (Average number of employees during mo.) × (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
