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WHAT IS HR METRICS?
Human Resources » HR Metrics & Measurement


Chrm Message From: Ambuj Chaturvedi Total Posts: 4 Join Date: 11/06/2010
Rank: Beginner Post Date: 09/08/2010 03:31:33 Points: 20 Location: India
Can anyone explain me about HR Metrics?
Chrm Message From: sanjay suriyamuthu Total Posts: 3 Join Date: 11/06/2010  
Rank: Beginner Post Date: 09/08/2010 07:43:25 Points: 15 Location: India
HR Metrics is to put it in a simpler aspect is that a measure of abseentism , resignations etc.    
Chrm Message From: viswanathp Total Posts: 1 Join Date: 11/06/2010  
Rank: Beginner Post Date: 10/08/2010 00:07:32 Points: 5 Location: India

Hi

DIFFERENT HR METRICS

1) Absence Rate [(# days absent in month)
÷
(Ave. # of employees during mo.) x (# of workdays)] x 100

2) Cost per Hire (Advertising + Agency Fees + Employee Referrals + Travel cost of applicants and staff + Relocation costs + Recruiter pay and benefits) ÷ Number of Hires

3) Health Care Costs per Employee Total cost of health care  ÷  Total Employees

4) HR expense factor HR expense ÷ Total operating expense

5) Human Capital ROI Revenue - (Operating Expense - [Compensation cost + Benefit cost])  ÷ (Compensation cost + Benefit cost)

6)Human Capital Value Added Revenue - (Operating Expense - [Compensation cost + Benefit Cost])  ÷ Total Number of FTE

7) Prorating Merit Increases Number of months actually worked 
÷ number of months under the current increase policy  x
increase percentage the person would otherwise be entitled to

8) Revenue Factor Revenue ÷ Total Number of FTE
Time to fill Total days elapsed to fill requisitions
÷ Number hired

9)Training Investment Factor Total training cost
÷ Headcount

10)Turnover Costs Total of the costs of separation + vacancy + replacement + training
Turnover Rate [# of separations during mo.
÷ Ave. # of employees during mo.] x 100

11) Vacancy Costs Total of the costs of temporary workers + independent contractors + other outsourcing + overtime - wages and benefits not paid to vacant position(s)
Vacancy Rate Total number of Vacant positions as of today
÷ Total number of positions as of today
x 100

12)Workers' Compensation Cost per Employee Total WC cost for Year
÷
Average number of employees
Workers' Compensation Incident rate (Number of injuries and/or illnesses per 100 FTE M Total hours worked by all employees during the calendar year)
x 200,000

13) Workers' Compensation Severity rate (The number of days away from work per 100 FTEM Total hours worked by all employees during the calendar year)
X 200,000

 
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