HR Department Monthly Metrics Report

Metric

Total

# of New Hires

Cost per Hire

(External Costs) + (Internal Costs) / Total # of Hires in a Time Period. 

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 Growth Rate

End of Period Headcount / Beginning of Period Headcount

Recruiting Cost Ratio

(External Costs) + (Internal Costs) / Total of First-Year Compensation of Hires in a Time Period * 100 

TRAINING

# Employees Trained

(Name of training, if applicable)

Training

Investment

Total training cost / # of employees

Training (ROI)

( Total Benefit – Total Cost) x 100

SAFETY

# of WC Incidents

Workers' Compensation Incident Rate

(Number of injuries and/or illnesses per 100 FTE ∕ Total hours worked by all employees during the calendar year) x 200,000

HR PERFORMANCE

HR Expense

HR Expense / Total Operating Costs

HR Expense per Employee

HR Costs (include indirect costs, if applicable) / Regular Headcount