Definition | The average cost associated with performing the HR function per full-time equivalent employee within a business entity. |
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Calculation | Total personnel cost for HR function / Number of full-time equivalent employees |
Unit of Measurement | US dollars |
Function | Develop and Manage Human Capital – HR |
Method of Estimation | Summing personnel cost for HR function and dividing by the number of full-time equivalent employees within the business entity. |
Timeframe | Monthly/Quarterly/Annually |
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