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anastasia-vaniukevich
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HR analytics is a hot topic nowadays when
companies should be ready to meet the upcoming
marketplace changes and trends. With a great
number of devoted books, conferences and services
it’s easy to lose sight of really important issues in
this realm. Let’s remind you of key HR metrics every
HR specialist should take into account.
COST PER HIRE Shows how much it costs for your company
when you hire a new worker.
The national average cost per hire in the U.S. is anywhere from $3,000 to $5,600,
depending on the industry. (Bersin by Deloitte)
total internal recruiting costs + external recruiting costs /
total # of hires in a given time frame
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
REVENUE PER EMPLOYEE Demonstrates how much each one of your
employees is actually earning for your company.
AmerisourceBergen, a pharmaceutical distributor, generated more than $7.9M per
employee in 2016.
revenue / total # of employees
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
RETURN ON INVESTMENT (ROI) Measures an investment’s gain or loss relative to
the investments spent on HR issues.
(total benefit - total costs) x 100
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
HR EXPENSE FACTOR Reflects HR Department expenses helping to
establish baseline ones.
total HR expense / total operating expense
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
ABSENCE RATE
Shows how many days your workers are missing
during a set period of time.
# days absent in month / (average # of employees during a month x # of workdays)
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
When companies select the top 20% most talented candidates for a role, they frequently
realize a 25% decrease in unscheduled absences. (Gallup)
TURNOVER
Shows the percentage of employees who leave an
organization during a certain period of time.
# of employees exiting the job during x month period / average actual # of employees during the same period
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
A new employee can take up to two full years to reach the same level of productivity as an
existing team member (Bersin by Deloitte)
TURNOVER COSTS
Reflects how much money every employee who
leaves the company costs for it.
total costs of separation + vacancy + replacement + training
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
Loosing of an employee can anywhere from 16% of the person’s salary for hourly,
unsalaried employees, to 213% of the salary of for a highly trained position.
(The Center for American Progress)
VOLUNTARY TURNOVER
# of employees that voluntarily left / the average # of employees
# of employees that involuntarily left / the average # of employees
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
INVOLUNTARY TURNOVER
BENEFIT OR PROGRAM COSTS PER EMPLOYEE Shows the average cost of all benefits per
employee.
total costs of separation + vacancy + replacement + training
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
BENEFITS AS A PERCENT OF SALARY
annual benefits cost / annual salary
total # of employees using a benefit / total # of employees eligible for the benefit
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
UTILIZATION PERCENT
PERCENT OF PERFORMANCE GOALS MET OR EXCEEDED Reflects how much money every employee who
leaves the company costs for it.
# of performance goals met or exceeded / total # of performance goals
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
53% of employers said they don’t actively track improved performance.
(EREMedia)
AVERAGE EMPLOYEE AGE Helps to plan succession and forecast staffing
areas of opportunity as older workers begin to
consider retirement.
total Age of Employees / headcount
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
23% of employees believe they’ll have to work past age 70 to live comfortably in retirement; another 5% don’t think they’ll ever be able to
retire. (Willis Towers Watson)
PROMOTION RATE
Shows the percentage of employees who have
been promoted at the current workplace.
promotions / headcount
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
9.3% of employees received a promotion in the past year.
(WorldatWork)
OVERALL RETENTION RATE Reflects how long people are sticking around in a
specific department or job.
combined years of service / total # of employees
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
46% of HR pros say retention is their greatest concern. (SHRM)
RETENTION RATE OF STARS
combined years of service / total # of employees
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
RETENTION RATE OF LOW PERFORMERS
OVERTIME PER CONTRIBUTOR Shows how much extra time your employees
worked over a certain period.
overtime hours / # of people working overtime
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
67% of Americans favor increased overtime eligibility. (Gallup)
TRAINING INVESTMENT PER EMPLOYEE Demonstrates how much money a company
spends on educating its employees.
total training costs / headcount
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
22% of employees say their employers provide training and development that helps in career
advancement. (Saba Software)
EMPLOYEE ENGAGEMENT RATE It is generally accepted that the best way to measure
employee engagement is through an employee
engagement survey. Conduct them regularly, at least
once a year. Smarter companies now carry out a quarterly
employee engagement survey.
HOW R U? APP - YOUR TECH HR ASSISTANT. REQUEST FREE DEMO HERE: HRUAPP.COM
Higher workplace engagement leads to 37% lower absenteeism, 41% fewer safety
incidents, and 41% fewer quality defects. (Gallup)