HR Metrics Calculators Available Now

July 30, 2012 at 12:26 pm

Two of our favorite metrics calculators are now available on the Resources page:

Why do I like these two in particular?  They help HR professionals justify the initiatives that they propose and illustrate bottom-line results in financial terms.

HR professionals should know how much profit is generated per employee.  That’s where Human Capitol ROI comes in.  This metric is necessary when making decisions about adding more employees.  Will a new division be able to make a profit if it employs a particular number of people?  Will laying off part of the workforce really impact the organization’s financial situation?

In order to make the case for employee retention strategies, it’s important to be able to compare those costs against the costs of losing existing employees.  Many leadership teams don’t truly understand all of the costs involved in replacing employees who leave.  Now you can show them!  Use the Turnover Cost Calculator to determine exactly how much it will cost to replace any position in your workforce.

These worksheets are downloadable in Excel format so you can save them on your own computer.  Special thanks to SHRM for making these available to the public.

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