HR KPI New Insights for Business Logic

HR KPIs
resources onboarding

65. Absence Rate - how often staff are out for unplanned absences - overall wellness/company culture - 1.5% is normal
(#) of days absent/ total (#) of working days

66. Application Completion Rates
(#) of submitted Applications / total (#) of candidates who started application
[optimise recruitment process] [user experience] [drop offs]

67. Candidates Per Hire
*(#) of candidates / total (#) of hires [pipeline predictions]

  1. Candidates per Opening
    (#) of applications over a period / (#) open positions of same role in the same period[hiring market effects]

69. Cost Per Hire
(int. recruiting costs + ext recruiting costs) / (#) of hires = CPH

70. Employee NPS - eNPS - recommend employer to others rate
((# of promoters - # of detractors) / # of respondents) 100 = eNPS*

71. Gender Pay Gap - prep: sort salary by job title, gender, hourly rate
1: by gender, sum the total of hourly rates - hr rate (1) + hr rate (2) + hr rate (3) + .... = sum total hr rate
2: by gender, calculate mean hourly rate - sum total hr rate (gender) / total # of people of (same gender) = mean hr rate
3: Calculate pay difference - mean hr rate (M) - mean hr rate (F) = pay difference for women
4: pay difference for women / mean hr rate (M) 100 = Gender Pay Gap %*

72. Gender Ratios
M/F gender ratios - # of (F) : # of (M) - 28:84 - simplify to 1:3
(# of (F) / total # of staff) 100 = % of (F) in company*

73. Headcounts total# of staff
FTE: # of weekly hrs worked / # of standard hrs per week = Full time Equivalent

  1. Hires By Department

75. Hires By Month:
Avg. # of hires by Mth = # of hires in period / # of mths in period

76. Length of Service:
total employment time / # of employees

77. New Hire Turnover Rate - new hire who leave within probation, 1 yr ...
(#) of separations (period) / avg. # of staff during the same period * 100 = Turnover Rate

78. New Starters Per Month
(#) of new hires = New Hire 1 + NH 2 +...+NHn

  1. Passive Candidate Hire Rate
  1. Permanent to Freelance Staff Ratio

81. Source of Hire % of hires from a channel/ source (referral, board, page)
(#) of hires / ~ of candidates from a source = % of hires from that source

82. Time to Fill - # of days from advertising role to filling it
(time to fill job 1 + time to fill job 2 +...+ time to fill job n) / # of roles recruited in that period

83. Training Expenses
avg. training spend: $ total training expense / # of eligible employee
(%) training budget spent: $ total training expense / $ total training budget
$ training expenses: Training Expense 1 + TE2 + ...+ TEn

  1. Yield Ratio - % of candidates moving through the stages of hiring process
    solid candidates # from stage n / total candidates # in stage n = Yield Ratios for stage n