Magic Numbers for Human Resource Management Basic Measures to Achieve Better Results

ISBN-10: 0470821612
ISBN-13: 9780470821619
Edition: 2005
List price: $45.00
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Description: This book simply outlines a range of the key measures that any HR , financial or business manager can use to address this situation in a more business-like manner. For each definition, there is not only a description of the measure but also why it  More...

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Book details

List price: $45.00
Copyright year: 2005
Publisher: John Wiley & Sons, Incorporated
Publication date: 9/30/2005
Binding: Hardcover
Pages: 192
Size: 7.50" wide x 10.50" long x 1.00" tall
Weight: 1.232
Language: English

This book simply outlines a range of the key measures that any HR , financial or business manager can use to address this situation in a more business-like manner. For each definition, there is not only a description of the measure but also why it has vital significance to managing business better. It is written as a basic text book in easy to read language but with a powerful underlying message - HR managers must measure the main features of HR in order to get their voice heard at the executive table and make demonstrable impact on business operations.

Acknowledgements
Glossary
Introduction
Magic Numbers for Productivity and Efficiency
Absenteeism rate by job category and job performance
Accident costs
Average time for dispute resolution
Cost per hire
Finance staff as a percentage of total staff
Overtime hours
The HR budget as a percentage of sales
HR staff as a percentage of total staff
IT staff as a percentage of total staff
Marketing staff as a percentage of total staff
Payroll staff as a percentage of total staff
Percentage of employees making suggestions
Process-cycle time
Profit per employee
Response time per request for information
Sick-leave rate
Sick days per full-time equivalent employee per year
The cost of medical disbursement by category of ailment
Time taken to fill a job vacancy
Magic Numbers for Staffing and Learning
Staff-turnover cost by recruitment source
Employee-engagement index
Involuntary staff-turnover rate
Turnover rate by job category and job performance
Voluntary staff-turnover rate
Competency-development expense per employee
Training hours per employee
Cost per trainee hour
Percentage of employees trained, by category
Magic Numbers for Talent and Reward
Internal-hire probability
Retention rate of key employees
Range (distribution) of performance-appraisal ratings
Job evaluation
Firm salary/competitor salary ratio
Incentive compensation differential
The Black-Scholes method of calculating stock-option values
Total compensation expense per employee
Conclusion
Appendix 1
Appendix 2
Index

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