HR Calculator:
Measure Your HR Impact
The solution to some of HR”s most pressing business problems can be found in your company”s own data. Whether you’re troubleshooting recruiting tactics or trying to predict labor costs, overtime, and turnover, you can use HR metrics to get strategic by setting benchmarks and implementing a plan to improve. The most successful HR teams are able to match people management metrics to business outcomes — and that gets the C-suite’s attention.
To get your HR metrics and a measure of HR’s impact, check out the calculators below. Input the necessary info into what interests you most—you can use one calculator or all of them! You’ll only see results from the calculators you choose to use.
Time to Fill
How many days does it take to fill an open position, from posting the job to offer accepted?
To calculate your average time to fill, enter the number of days it took to fill your last five open positions:
To calculate your average time to fill, enter the number of days it took to fill your last five open positions:
Your average time
to fill is:
to fill is:
0 days
Referral Rate
Employee referrals are an effective and cost-efficient way to speed up hiring, find quality candidates, and improve corporate culture.
To calculate your referral rate in a set period (one month, one quarter, etc.), enter the following data for that timeframe:
To calculate your referral rate in a set period (one month, one quarter, etc.), enter the following data for that timeframe:
Your referral rate is
0%
Cost Per Hire
How much does it cost to recruit, hire, and onboard a job candidate?
To calculate your cost per hire, fill in this info for a set timeframe (one month, one quarter, etc.):
To calculate your cost per hire, fill in this info for a set timeframe (one month, one quarter, etc.):
Your average cost
per hire is:
per hire is:
$0
Absenteeism Rate
This metric tells you the percentage of days an employee misses unexpectedly during a specific time period. It does not include employees who request time off from work in advance. On average, 3.1% of all salaried and full-time employees are absent every workday (Bureau of Labor Statistics).
To calculate your rate, enter:
To calculate your rate, enter:
Your absenteeism
rate is:
rate is:
0 %
Total Financial Impact of Absenses
To determine the monetary value of a salaried employee’s absenteeism, enter:
They’re costing
the company
the company
$0
per day of missed work
Labor Cost as a Percentage of Sales
Optimizing labor costs keeps your business in the black. Most companies aim to keep the cost of labor below 30% of sales revenue (Indeed).
To calculate this percentage, enter your company’s:
To calculate this percentage, enter your company’s:
Your labor cost as a
percentage of sales is:
percentage of sales is:
0%
Turnover Rate
The percentage of employees who leave a company within a set time can offer insight into your company culture. This number includes people who left voluntarily and involuntarily.
To calculate your turnover rate, enter the following data for a set timeframe (one week, one quarter, etc.):
To calculate your turnover rate, enter the following data for a set timeframe (one week, one quarter, etc.):
Your total turnover
rate is:
rate is:
0%
Voluntary Turnover Rate
This is the percentage of people who choose to leave your company. For most companies, a low voluntary turnover rate is a sign of a strong corporate culture.
To calculate your voluntary turnover rate, enter this data for a set timeframe (one week, one quarter, etc.):
To calculate your voluntary turnover rate, enter this data for a set timeframe (one week, one quarter, etc.):
Your total voluntary
turnover rate is:
turnover rate is:
0%