HR Metrics :-

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