Definition | This KPI measures the financial cost of managing employee relations activities in relation to the company’s revenue |
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Calculation | Total cost to perform manage employee relations / (Total revenue / 1000) |
Unit of Measurement | US Dollars |
Function | Develop and counsel employees – HR |
Method of Estimation | The cost is calculated by summing up all the expenses related to managing employee relations and dividing it by the revenue generated |
Timeframe | Usually measured on a monthly or quarterly basis |
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