Excel at your job by becoming more efficient, effective, and impactful in your day-to-day HR work.
4.66 rating
What is employee productivity rate? The employee productivity rate is an important performance metric that measures how efficiently a workforce converts inputs—such as time, labor, and materials—into valuable output. It reflects employees’ effectiveness in using their skills and resources to achieve business goals. Companies track this metric to maximize their operational efficacy and profitability, identify…
What is a career path ratio? A career path ratio (CPR) is an HR metric used to evaluate employee growth opportunities within an organization. It measures the number of promotions compared to the number of internal lateral moves (employees who take on new roles and responsibilities). The career path ratio is important because it offers…
What is employee growth rate? Employee growth rate is a business metric that measures the percentage change in a company’s headcount (total number of employees) over a specific period of time. It is calculated by comparing the amount of employees at the beginning and end of the period. A positive growth rate indicates an increase…
What is an interview-to-hire-ratio? The interview-to-hire ratio is a recruitment metric used to measure the efficiency and effectiveness of the hiring process. It represents the number of interviews conducted relative to the number of hires made within a specific timeframe. This ratio provides insight into how selective the hiring process is and can help organizations…
What is profit per employee? Profit per employee is a key financial metric calculated by dividing a company’s yearly profits by its number of employees. It provides an indication of how much profit, on average, an organization generates for each employee. Companies use this metric to determine their overall financial success, productivity, and efficiency. For…
What is selection ratio? The selection ratio measures the number of candidates hired compared to the total number of job applicants for a particular position. It is a statistical measure that plays an important role when assessing your selection process and recruitment systems. The ratio is typically expressed as a fraction or a percentage. Like…
What is source of hire (SoH)? Source of hire (SoH) is a recruitment metric that identifies where successful job candidates originally found out about the job openings or were sourced from. Common recruiting sources include but are not limited to: HR professionals can use the source of hire metric to optimize their recruitment strategies by…
What is application completion rate? Application completion rate is a recruitment metric that measures the percentage of job applications completed and submitted by candidates out of the total number of applications started. This rate is a key indicator of how accessible and user-friendly an organization’s job application process is. It is also possible to measure…
What is time to productivity? Time to productivity is a recruitment metric that measures the time it takes for new hires to reach the desired level of performance in their role, demonstrating the necessary skills, knowledge, and ability to perform key tasks independently. The exact timeframe can vary – depending on the complexity of the…
What is revenue per FTE? Revenue per Full-Time Equivalent (FTE) is an HR metric that measures the revenue a company generates in relation to its number of full-time equivalent employees. It provides insights into the efficiency and productivity of the workforce by indicating how well a company utilizes its human resources to generate income. Revenue…
