HR Metrics for the Tech Sector
As part of it's service offerings to members, HR Tech Group collects and reports on key metrics for tech companies. More key metrics will be added to the 2019 salary survey, to further the HR Tech Group's mandate of assisting HR in providing strategic value to BC tech companies.
A few common metrics we've covered:
1. REVENUE PER FTE
(The number of dollars of revenue from operations generated per full time employee, measures talent effectiveness)
2. HUMAN CAPITAL RETURN ON INVESTMENT
(The rate of return for each dollar invested in employee pay & benefits - based on pre-tax profit)
3. LABOUR COST REVENUE PERCENT
(The total labour costs as a percentage of organizational revenue, or how much of your money is spent on people)
4. RESIGNATION RATE
(Employees who resigned from the organization as a percentage of headcount; helps to assess overall "health" of the workforce.)
5. COST OF VOLUNTARY TURNOVER
(The average cost to replace each employee who left voluntarily.)
More information will be coming soon on this topic! If you are interested in learning more or if you have any questions/suggestions please contact us.