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    HR Department Monthly Metrics Report

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    Sudha
    The document reports on key HR metrics for new hires, training, safety, and HR performance. It provides formulas to calculate metrics such as cost per hire, time to fill, turnover rate and cost, vacancy rate and cost, absence rate, workforce growth rate, recruiting cost ratio, training investment and ROI, workers' compensation incident rate, HR expense, and HR expense per employee. The metrics will help evaluate performance in these important HR areas.

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    HR Department Monthly Metrics Report

    Uploaded by

    Sudha
    414 views2 pages
    The document reports on key HR metrics for new hires, training, safety, and HR performance. It provides formulas to calculate metrics such as cost per hire, time to fill, turnover rate and cost, vacancy rate and cost, absence rate, workforce growth rate, recruiting cost ratio, training investment and ROI, workers' compensation incident rate, HR expense, and HR expense per employee. The metrics will help evaluate performance in these important HR areas.

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    The document reports on key HR metrics for new hires, training, safety, and HR performance. It provides formulas to calculate metrics such as cost per hire, time to fill, turnover rate and cost, vacancy rate and cost, absence rate, workforce growth rate, recruiting cost ratio, training investment and ROI, workers' compensation incident rate, HR expense, and HR expense per employee. The metrics will help evaluate performance in these important HR areas.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    414 views2 pages

    HR Department Monthly Metrics Report

    Uploaded by

    Sudha
    The document reports on key HR metrics for new hires, training, safety, and HR performance. It provides formulas to calculate metrics such as cost per hire, time to fill, turnover rate and cost, vacancy rate and cost, absence rate, workforce growth rate, recruiting cost ratio, training investment and ROI, workers' compensation incident rate, HR expense, and HR expense per employee. The metrics will help evaluate performance in these important HR areas.

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    HR Department Monthly Metrics Report

    Metrics of

    New Hires

    Cost per Hire (External Costs) + (Internal Costs) / Total # of Hires in a Time Period.
    (See ANSI/SHRM Cost-per-Hire Standard for examples of each)

    Time to Fill Total days elapsed to fill requisitions / # Hired

    Turnover Rate (# of separations during month/Avg. # of employees during month) x


    100

    Turnover Cost Total of the costs of separation + vacancy + replacement + training

    Vacancy Rate (Total number of vacant positions as of today / Total number of


    positions

    as of today) x 100

    Vacancy Cost Total of the costs of temporary workers + independent contractors +


    other outsourcing + overtime - wages and benefits not paid to vacant
    position(s)

    Absence Rate [(# Days Absent in Month) / (Avg. # employees in Month)

    x (# workdays)] x 100

    Workforce End of Period Headcount / Beginning of Period Headcount

    Growth Rate

    Recruiting Cost Ratio (External Costs) + (Internal Costs) / Total of First-Year


    Compensation of Hires in a Time Period * 100 (See page 18 of
    the ANSI/SHRM Cost-per-Hire Standard for more information)
    TRAINING

    # Employees Trained (Name of training, if applicable)

    Training Total training cost / # of employees

    Investment

    Training (ROI) ( Total Benefit – Total Cost) x 100

    SAFETY

    # of WC Incidents

    Workers' (Number of injuries and/or illnesses per 100 FTE ∕ Total hours
    worked by
    Compensation Incident
    all employees during the calendar year) x 200,000
    Rate

    HR PERFORMANCE

    HR Expense HR Expense / Total Operating Costs

    HR Expense per HR Costs (include indirect costs, if applicable) / Regular Headcount

    Employee

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