Metrics on hr costing

1. Jon Boyes
Employability and Graduate Development
HR SPOT
www.hrspot.co.in | www.onlinehrspot.com
Kolkata | Bhubaneswar | Online
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2. www.hrspot.co.in | ISO Certified | Winner of 8 Service Excellence Awards
HR Analytics
HUMAN RESOURCE MANAGEMENT
HR ANALYTICS

3. www.hrspot.co.in | ISO Certified | Winner of 8 Service Excellence Awards
HR Analytics
HR Metrics
HR Costing Metrics

4. www.hrspot.co.in | ISO Certified | Winner of 8 Service Excellence Awards
HR Analytics
COST PER HIRE
Formula :
Cost per hire = x 100
TRAINING COST PER EMPLOYEE
Formula :
Training Cost per employee =
Total Training cost
No of employees
Total internal & external recruitment cost
Total Number of hires
SOURCING CHANNEL COST
Sourcing Channel cost =
Sourcing cost per channel
Total cost
x 100
Formula :

5. www.hrspot.co.in | ISO Certified | Winner of 8 Service Excellence Awards
HR Analytics
Purpose :
How much the company pays to HR team among total no employees can be identified.
Example :
Salary Package of HR : 450000
Average no of employees : (Beginning & end of period) 80 + 84 = 164 | 164 /2 = 82
Cost of HR per employee : 450000 / 82 = 5488
COST OF HR PER EMPLOYEE
Formula :
Cost of HR per employee =
Total HR salary package
Number of employees
x 100

6. www.hrspot.co.in/www.onlinehrspot.com
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