Definition | Benefits Utilization Rate (BUR) is the percentage of employees who opt into company-provided benefits compared to the total number of employees eligible for those benefits. |
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Calculation | Number of employees enrolled in benefits ÷ Number of employees eligible for benefits x 100 |
Unit of Measurement | Percentage |
Function | Core HR |
Method of Estimation | HR and benefits records |
Timeframe | Monthly, quarterly, or annually |
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