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    HR Metrics Formulas

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    mila
    The document discusses strategic HR metrics in several categories: productivity metrics including revenue and profit per employee and human capital return on investment; recruitment metrics such as vacancy rate, time to hire, and candidate/hiring manager satisfaction; compensation metrics including labor costs; retention metrics like turnover and resignation rates; HR efficiency metrics like HR staffing ratios; and workforce demographics metrics including promotion rates, union rates, and average age and tenure.

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    HR Metrics Formulas

    Uploaded by

    mila
    74 views8 pages
    The document discusses strategic HR metrics in several categories: productivity metrics including revenue and profit per employee and human capital return on investment; recruitment metrics such as vacancy rate, time to hire, and candidate/hiring manager satisfaction; compensation metrics including labor costs; retention metrics like turnover and resignation rates; HR efficiency metrics like HR staffing ratios; and workforce demographics metrics including promotion rates, union rates, and average age and tenure.

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    The document discusses strategic HR metrics in several categories: productivity metrics including revenue and profit per employee and human capital return on investment; recruitment metrics such as vacancy rate, time to hire, and candidate/hiring manager satisfaction; compensation metrics including labor costs; retention metrics like turnover and resignation rates; HR efficiency metrics like HR staffing ratios; and workforce demographics metrics including promotion rates, union rates, and average age and tenure.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    74 views8 pages

    HR Metrics Formulas

    Uploaded by

    mila
    The document discusses strategic HR metrics in several categories: productivity metrics including revenue and profit per employee and human capital return on investment; recruitment metrics such as vacancy rate, time to hire, and candidate/hiring manager satisfaction; compensation metrics including labor costs; retention metrics like turnover and resignation rates; HR efficiency metrics like HR staffing ratios; and workforce demographics metrics including promotion rates, union rates, and average age and tenure.

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    Strategic HR Metrics

    Metrics Formulas
    Productivity Metrics _______________________________________________

    Revenue per FTE

    Productivity Metrics
    • Revenue per FTE
    • Profit per FTE
    Profit per FTE
    • Human Capital Return on
    Investment
    • Absenteeism Rate Human Capital ROI

    Absenteeism Rate

    Source: British Columbia Human Resource Management Association, 2010


    Recruitment Metrics _______________________________________________

    Vacancy Rate

    Recruitment Metrics
    • Vacancy Rate 1st year Resignation Rate
    • 1st year Resignation Rate
    • Time to hire / Time to fill
    • Source of hire
    • Candidate job satisfaction
    rate
    Time to fill / hire
    • Hiring manager satisfaction
    rate

    Source of hire

    Candidate job satisfaction rate

    Hiring manager satisfaction rate

    Source: British Columbia Human Resource Management Association, 2010


    Compensation Metrics _______________________________________________

    Labour cost per FTE

    Compensation Metrics
    • Labour cost per FTE
    • Labour cost per Revenue
    Percent
    Labour cost per Revenue %
    • Labour cost per Expense
    Percent

    Labour cost per Expense %

    Source: British Columbia Human Resource Management Association, 2010


    Retention Metrics _______________________________________________

    Turnover rate

    Voluntary turnover rate

    Retention Metrics
    • Turnover
    • Voluntary Turnover Rate Cost of voluntary turnover
    • Cost of Voluntary Turnover
    • Involuntary Turnover Rate
    • Resignation Rate
    • Retirement Rate Involuntary turnover rate
    • Average Retirement Age

    Resignation rate

    Retirement rate

    Average retirement age = average retirement age

    Source: British Columbia Human Resource Management Association, 2010


    HR Efficiency Metrics _______________________________________________

    HR FTE Ratio

    HR Efficiency Metrics HR Costs per Employee


    • HR FTE Ratio
    • HR Costs per Employee
    • HR Costs per FTE

    HR costs per FTE

    Source: British Columbia Human Resource Management Association, 2010


    Workforce Demographics Metrics _______________________________________________

    Promotion Rate

    Workforce Demographics Union percentage rate


    • Promotion Rate
    • Union Percentage
    • Average Age
    • Average Length of Service
    Average age

    Average length of service

    Source: British Columbia Human Resource Management Association, 2010

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