I got this document hoping that it will be useful for the HR industry people as well!
The list includes absenteeism, turnover, compensation and benefits costs.
Below are some common measurements :
1. Human Resource Expenses (HR Department Costs/Budget)
As a percentage of operating costs
As a percentage of revenue
Per employee
2. Total Investment in Human Capital (Total HR Expenses Plus All Salaries and Benefits of Non-HR Staff)
As a percentage of operating costs
As a percentage of revenue
Per employee
3. HR Expenses by Function
Recruiting and selection cost as a percentage of total HR
Recruiting and selection cost per new employee hired
Training/learning/development costs as a percentage of total HR
Training/learning/development costs per employee
Training/learning/development costs as a percentage of compensation
Compensation costs as a percentage of total HR
Compensation costs as a percentage of operating expenses
Compensation costs per employee
Benefit costs as a percentage of total HR
Benefit costs as a percentage of operating expense
Benefit costs as a percentage of compensation
Benefit costs per employee
Employee relations costs as a percentage of total HR
Employee relations costs per employee
Compliance and fair employment costs as a percentage of total HR
Compliance and fair employment costs per employee
4. HR Expenses by Process/Programming
Analysis and assessment costs as a percentage of total HR
Design and development costs as a percentage of total HR
Implementation and delivery costs as a percentage of total HR
Operations and maintenance costs as a percentage of total HR
Measurement and evaluation costs as a percentage of total HR
5. Selected HR Costs
Turnover cost per employee leaving
Turnover cost as a percentage of compensation
Accident cost per incident
Safety cost per employee
Absenteeism cost per absence
Absenteeism cost as a percentage of average wage rate
Health care cost per employee
Health care cost as a percentage of total benefits
Source: Excerpted from Investing in Your Company’s Human Capital, by Jack Phillips. Copyright 2005 by AMACOM Books.
The list includes absenteeism, turnover, compensation and benefits costs.
Below are some common measurements :
1. Human Resource Expenses (HR Department Costs/Budget)
As a percentage of operating costs
As a percentage of revenue
Per employee
2. Total Investment in Human Capital (Total HR Expenses Plus All Salaries and Benefits of Non-HR Staff)
As a percentage of operating costs
As a percentage of revenue
Per employee
3. HR Expenses by Function
Recruiting and selection cost as a percentage of total HR
Recruiting and selection cost per new employee hired
Training/learning/development costs as a percentage of total HR
Training/learning/development costs per employee
Training/learning/development costs as a percentage of compensation
Compensation costs as a percentage of total HR
Compensation costs as a percentage of operating expenses
Compensation costs per employee
Benefit costs as a percentage of total HR
Benefit costs as a percentage of operating expense
Benefit costs as a percentage of compensation
Benefit costs per employee
Employee relations costs as a percentage of total HR
Employee relations costs per employee
Compliance and fair employment costs as a percentage of total HR
Compliance and fair employment costs per employee
4. HR Expenses by Process/Programming
Analysis and assessment costs as a percentage of total HR
Design and development costs as a percentage of total HR
Implementation and delivery costs as a percentage of total HR
Operations and maintenance costs as a percentage of total HR
Measurement and evaluation costs as a percentage of total HR
5. Selected HR Costs
Turnover cost per employee leaving
Turnover cost as a percentage of compensation
Accident cost per incident
Safety cost per employee
Absenteeism cost per absence
Absenteeism cost as a percentage of average wage rate
Health care cost per employee
Health care cost as a percentage of total benefits
Source: Excerpted from Investing in Your Company’s Human Capital, by Jack Phillips. Copyright 2005 by AMACOM Books.