[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-143390-105":59,"doc-detail-143390-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","hr-metrics-11-september-2024","HR metrics - 11 September 2024","","HR metrics provides practical formulas for evaluating key human resources performance indicators. It defines HR expense factor as total HR-related costs per employee, outlines cost per hire with direct and indirect recruiting expenses, and explains absence rate using absent days versus available workdays. The document also covers turnover rate based on employees who left relative to average headcount, and introduces Human Capital ROI to measure financial return from employee compensation and benefits, with example calculations for each metric.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/hr-metrics-11-september-2024/143390/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/hr-metrics-11-september-2024/143390.png","ImageObject",300,407,{"name":92,"@type":93},"Hazel","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-18","2026-08-25",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",17,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What is the HR expense factor and how is it used?","Question",{"text":113,"@type":114},"HR expense factor measures how much a company spends on HR-related activities per employee. It helps compare spending on HR functions against workforce size.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How do you calculate cost per hire?",{"text":118,"@type":114},"Cost per hire combines direct recruiting expenses (like job ads, agency fees, checks, travel, and recruiting tools) with indirect costs (like HR and hiring manager time, administrative processing, and onboarding training time).",{"name":120,"@type":111,"acceptedAnswer":121},"How is absence rate calculated and what does it indicate?",{"text":122,"@type":114},"Absence rate uses total absent days divided by total available workdays in the same period. It reflects absenteeism impact on productivity, expressed as a percentage of workdays missed.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},143390,1787694860,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":24,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":130,"read_time":144},137441390410,"https://ap-avatar.wpscdn.com/avatar/2000252f4ab5702993?_k=1776741390130283984","HR metrics  \n11 September 2024 16:29  \n(1)  \nThe HR expense Factor is a way to measure how much a company spends on HR-related  \nactivities for each employee.  \nHere s a breakdown:  \nHR Expense: This includes all the costs related to the HR department, such as salaries of  \nHR staff, recruitment costs, training programs, benefits management, and any other  \nexpenses tied to human resources.  \nTotal Employees: This is the total number of employees in the company.  \nThe formula is:  \nHR Expense =  \nThis tells you the average HR cost per employee. It helps companies understand how much  \nthey are spending on HR functions relative to their workforce size. A high HR expense factor  \nmight indicate that the company is investing heavily in HR, while a lower one could suggest they  \nare operating more efficiently or cutting costs in HR.  \n(2) Cost Per Hire  \nDirect Expenses: These are costs directly related to the hiring process, such as:  \nAdvertising job postings  \nFees for recruitment agencies  \nBackground checks  \nTravel expenses for candidates or interviewers  \nTechnology or software tools used for recruiting  \nIndirect Expenses: These are costs that are not as easily measurable but still play a part in the hiring process, such as:  \nTime spent by HR staff or hiring managers in interviews  \nAdministrative costs related to processing applicants  \nOnboarding time spent training new hires  \nNumber of Candidates Recruited: This is the total number of new hires made during a specific time period.  \nThe formula is :  \nCost Per hire =  \n( measure only the cost of hiring new replacement and not the current employee)  \n(3) The absence rate formula  \nis used to measure how often employees are absent from work over a specific period. It helps companies understand the impact of absenteeism on productivity.  \nthe Formula is  \nAbsent Rate =  \nKey Terms:  \nTotal Number of Absent Days: This is the sum of all the days that employees were absent during a specific time period (e.g., a month, a year) . Total Number of Workdays: This is the total number of workdays available for all employees during the same period. It's calculated by multiplying the number of employees by the number of workdays in the period.  \nExample:  \nLet s say a company has 10 employees, and each employee works 20 days in a month. During this month, 3 employees were absent for a total of 5 days.  \nTotal Number of Absent Days = 5  \nTotal Number of Workdays = 10 employees × 20 workdays = 200 Now, applying the formula:  \nSo, the company's absence rate is 2.5% for that month, meaning 2.5% of the total available workdays were missed due to employee absences.  \nNew Section 1 Page 1  \n(4) The turnover rate  \nemployee turnover The ratio of unfilled positions The percentage of a company's employees that must be replaced at any time  \nThe turnover rate formula is used to calculate how frequently employees leave a company during a specific period. It helps companies understand employee retention and identify any potential issues with job satisfaction, management, or working conditions  \nthe turnover rate formula is  \nTurnover rate =  \nKey Terms:  \nNumber of Employees Who Left During the Period: This includes employees who voluntarily left the company, as well as those who were laid off or terminated.  \nAverage Number of Employees: This is the average number of employees working in the company during the same period. It can be calculated by adding the number of employees at the beginning and the end of the period, then dividing by 2:  \nAverage Number Of Employees =  \nExample:  \nLet s say during a year, 15 employees left the company.  \nThe company started the year with 100 employees and ended with 120 employees.  \nAverage number of employees  \nTrunover rate  \nSo, the turnover rate for the year is 13.64%, meaning that 13.64% of the company s workforce left during that period.  \nThe turnover rate helps HR teams assess employee retention and understand if they need to take action to improve wo","cbCairvcNCPHHqCC","https://ap.wps.com/l/cbCairvcNCPHHqCC","pdf",368132,"English","# HR expense factor\n## Cost per hire\n## Absence rate\n## Turnover rate\n## Human Capital ROI\n## Time to fill","[{\"question\":\"What is the HR expense factor and how is it used?\",\"answer\":\"HR expense factor measures how much a company spends on HR-related activities per employee. It helps compare spending on HR functions against workforce size.\"},{\"question\":\"How do you calculate cost per hire?\",\"answer\":\"Cost per hire combines direct recruiting expenses (like job ads, agency fees, checks, travel, and recruiting tools) with indirect costs (like HR and hiring manager time, administrative processing, and onboarding training time).\"},{\"question\":\"How is absence rate calculated and what does it indicate?\",\"answer\":\"Absence rate uses total absent days divided by total available workdays in the same period. It reflects absenteeism impact on productivity, expressed as a percentage of workdays missed.\"}]","HR metrics - 11 September 2024 | PDF",13]