| Definition | This KPI measures the total cost incurred to perform the HR process group of recruiting, sourcing, and selecting employees, relative to the revenue generated by the organization. It indicates the efficiency and cost-effectiveness of the recruitment process. |
|---|---|
| Calculation | Total cost of the process group / (Revenue / 1000) |
| Unit of Measurement | US Dollars |
| Function | Recruit, source and select employees |
| Method of Estimation | The total cost of the process group is determined by summing up all the costs associated with recruitment, sourcing, and employee selection activities. Revenue is divided by 1000 to normalize it to $1000 units. |
| Timeframe | Typically calculated on a monthly or quarterly basis. |
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