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Hr Matrix

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Submitted By oami01
Words 1341
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|HR Metrics |
|Absence Rate |[(# days absent in month) |Measures absenteeism. Determine if your company has an |
| |÷ |absenteeism problem. Analyze why and how to address issue. |
| |(Ave. # of employees during mo.) x (# of |Analyze further for effectiveness of attendance policy and |
| |workdays)] |effectiveness of management in applying policy. |
| |x 100 | |
|Cost per Hire |(Advertising + Agency Fees + Employee |Costs involved with a new hire. Use EMA/Cost per Hire Staffing |
| |Referrals + Travel cost of applicants and |Metrics Survey as a benchmark for your organization which is |
| |staff + Relocation costs + Recruiter pay |available on the SHRM.org Web site. Cost per Hire can be used as|
| |and benefits) |a measurement to show any substantial improvements to savings in |
| |÷ |recruitment/retention costs. Determine what your recruiting |
| |Number of Hires |function can do to increase savings/reduce costs, etc. |
|Health Care Costs per|Total cost of health care |Per capita cost of employee benefits. Indicates cost of health |
|Employee |÷ |care per employee. Go to www.bls.gov for benefit data from the |
|

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