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HR Department Monthly Metrics Report

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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Sudha
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613 views2 pages

HR Department Monthly Metrics Report

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.

Uploaded by

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