HR Formulas - CiteHR
Pbskumar2006
General Manager-hr
Soumita9981
Bpo Operations
Nitinp26
Head Human Resources
Charankedar
Client Manager
Chilly_fry
Student
Arichou
Service
Lightpari
Senior Manager Hr
Rizu_as1
Asst Hr
Ehtesham
Hr Executive
+1 Other

Prime Sponsor - FactoHR.com - Payroll Software with GPS Enabled Attendance, Travel, Performance Management, HRMS. Explore Features
HR Formulas

1. Attrition Rate

Total number of people left the organization in the period / (Headcount at the start of the period + Heads recruited during the period)

2. Manpower Turnover

Total number of left the organization in the period / Average headcount in the period

3. Human Capital ROI

This measures the return on capital invested in pay and benefits. The formula is:

Revenue - Nonhuman Expenses/Pay and Benefits

Pay includes all money spent on regular and contingent labor.

4. Human Capital Value Added

This uses a similar formula to Human Capital ROI but divides by the number of full-time equivalent employees (FTEs). The formula is:

Revenue - Nonhuman Expenses/Full-Time Equivalents

This yields a profit per FTE. These two measures are views of the profitability attributable to human effort.

5. Human Capital Cost

This is simply the average pay per regular employee. The formula is:

Pay + Benefits + Contingent Labor Cost/Full-Time Equivalents

It can be augmented by added in contingent labor. In that case, we would take total labor expenses, including benefits costs, and divide by FTEs, including contingents.

6. Human Economic Value Added

This is net operating profit after tax, minus the cost of capital divided by FTEs, including contingent labor. The formula is:

Net operating profit after tax - Cost of capital/FTEs

7. Human Market Value Added

This divides market capitalization by FTEs, including contingents. The formula is:

Market Capitalization/FTEs

Courtesy..

ANIL KUMAR

Senior Associate -Business Resource Group.

TCGIvega Information Technologies Pvt.Ltd.

Global Village,

Mysore Road,

Bangalore 560059

Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Thanks a lot Peer Sahab these HR formulae are very useful for me. I have got lot gain from these HR Functions Thanks a lot Regards Riyaz Ahmed Shaikh Karnataka HUBLI Allah Hafiz
Dear Sir, Kindly give the formulas for LTA, headcout, turnover, attendence, salary breakup, etc
Hi
Good information.. bt i'm new to generalist profile kindly explain n detail on the below mentioned calculation.
PF, Payroll, LTA, Turnover, etc.. kindly list out all the formulas n HR METRICS
Possible mark a copy to my personal mail ID..
Regards
Devi
Formula for "employee turnove rate calculation" is; Employee Turvover rate = (Total number of employee left/Average number of employee)*100 Regards, Ehtesham
the number of total hours worked divided by the maximum number of compensable hours in a work year as defined by law. For example, if the work year is defined as 2,080 hours, then one worker occupying a paid full time job all year would consume one FTE. Two employees working for 1,040 hours each would consume one FTE between the two of them.
http://en.wikipedia.org/wiki/Full-time_equivalent
Hey peer, Good piece of information It would be gr8 if you could mail me HR metrics and calculations in Man power planning & Recruitment. Cheers Pavana Human resource Team
Can somebody tell me what does Full Time Equivalents stand for??..Its appearing in the Human Capital Cost formula...thanks...happy learning.... chilly_fry
FTE stands for the number of billable seats. E.g. a 100 seater call center is manned by 100*1.25 = 125 agents. The 25 additional will not be paid for by the client, but are required for managing breaks, unscheduled leaves etc. You revenue calculation is done keeping in mind the revenue generated for 100 seats vs expense for 125 seats. Hope it helps.
Dear Anil Useful information,Thanks;Can you also tell me the formula for working out the percapita when it comes to human Resources and the formula for man hours.Regards Kumar :)
Prime Sponsor - Talentedge.com "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA. View Courses

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™