SHRM Senior Certified Professional SCP
Revie of Employment Formulas and
SHRM Must Know Study Guide 100%
Pass | Graded A+
David Mungai [Date] [Course title]
, SHRM Senior Certified Professional SCP
Revie of Employment Formulas and
SHRM Must Know Study Guide 100%
Pass | Graded A+
How do you calculate the HR metric "Absence rate" and what is it
best used to evaluate? - Answer>> Lost days / Number of
employees
Use: To reflect benefits of a change in workplace conditions
How do you calculate the HR metric "Accruals" and what is it best
used to evaluate? - Answer>> Comparison of budget to actual
assignee costs
Use: To monitor expense accruals and make sure that
assignment budget and financial goals are met
How do you calculate the HR metric "Applicant yield ratio" and
what is it best used to evaluate? - Answer>> Percentage of
applicants who proceed to the next step of the selection process
Use: To demonstrate effectiveness of recruiting methods
How do you calculate the HR metric "Cost per hire" and what is it
best used to evaluate? - Answer>> Total costs of hiring /
number hired
Use: To demonstrate increased efficiencies in recruitment and
hiring process
How do you calculate the HR metric "human capital return on
investment" and what is it best used to evaluate? - Answer>>
Ratio of employment-related expenses to revenue minus non-
employment expenses
Use: To demonstrate value of HR programs
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