| Definition | This KPI measures the total cost incurred by the Human Resources department in the process of developing and training employees, expressed as a ratio per $1000 of revenue. |
|---|---|
| Calculation | Total cost to perform the process ‘develop and train employees’ / (Total Revenue / $1000) |
| Unit of Measurement | US dollars |
| Function | Develop and counsel employees – HR |
| Method of Estimation | The cost is determined by summing up all expenses related to the development and training of employees, and revenue data is obtained from financial records. The ratio is then calculated. |
| Timeframe | Usually measured annually or monthly, depending on the organization’s reporting cycles. |
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