| Definition | This KPI measures the total cost incurred by the HR department in executing the ‘reward and retain employees’ process for each employee within the business entity. |
|---|---|
| Calculation | Total cost to perform the process group ‘reward and retain employees’ divided by the number of business entity employees. |
| Unit of Measurement | US Dollars |
| Function | Reward and retain employees – HR |
| Method of Estimation | The total cost is calculated by summing up all the expenses associated with the ‘reward and retain employees’ process, including salary and benefits, training and development, employee perks, and retention incentives. |
| Timeframe | This KPI is typically measured annually, but can also be evaluated on a monthly or quarterly basis. |
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