Some HR Metrics

Some 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

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

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

***collected