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Key HR Metrics and Formulas Guide

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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191 views8 pages

Key HR Metrics and Formulas Guide

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.

Uploaded by

mila
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

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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