Definition | The total cost incurred in performing the HR planning policies and strategies process, divided by the number of employees in the business entity. |
---|---|
Calculation | Total Cost / Number of Business Entity Employees |
Unit of Measurement | US Dollars |
Function | Develop and manage human resources (HR) planning, policies and strategies – HR |
Method of Estimation | The cost is determined by summing up all expenses related to HR planning policies and strategies, including salaries, benefits, training costs, and other associated expenses. The number of business entity employees is obtained by counting the total headcount. |
Timeframe | This KPI is calculated on an annual basis. |
Return to the full list of HR KPIs