Saturday, December 11, 2010

20 Common HR Metrics & Their Formulas

MetricFormula
Absence rate# days absent in month ÷ (average # of employees during a month x  # of workdays)
Benefit or program costs per employeetotal cost of employee benefit/program ÷ total # of employees
Benefits as a percent of salaryannual benefits cost ÷ annual salary
Compensation as a percent of total compensationannual salary ÷ total compensation (salary + benefits + additional compensation)
Compensation or benefit revenue ratiocompensation or benefit cost ÷ revenue
Cost per hirerecruitment costs ÷ (compensation cost + benefits cost)
Engagement or satisfaction ratingpercent of employees engaged or satisfied overall or with a given aspect of the workplace
Percent of performance goals met or exceeded# of performance goals met or exceeded ÷ total # of performance goals
Percent receiving performance rating# of employees rated under a given score or rating on their performance evaluation ÷ total # of employees
Revenue per employeerevenue ÷ total # of employees
Return on investment (ROI)(total benefit – total costs) x 100
Time to fill (average)total days taken to fill a job ÷ number hired
Training/development hourssum of total training hours ÷ total # of employees
Tenureaverage # of years of service at the organization across all employees
Turnover (annual)# of employees exiting the job during 12 month period ÷ average actual # of employees during the same period
Turnover coststotal costs of separation + vacancy + replacement + training
Utilization percenttotal number of employees utilizing a program/service/benefit  ÷ total number of employees eligible to utilize a program/service/benefit
Workers’ compensation cost per employeetotal workers compensation cost for year ÷ average number of employees
Workers’ compensation incident rate(number of injuries and/or illnesses per 100 full-time employees ∕ total hours worked by all employees during the calendar year) x 200,000
Yield ratiopercentage of applicants from a recruitment source that make it to the next stage of the selection process

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