SHRM-SCP Must-Know || All Correct.

How do you calculate the HR metric "Absence rate" and what is it best used to evaluate? correct answers 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? correct answers 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? correct answers 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? correct answers 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? correct answers Ratio of employment-related expenses to revenue minus non-employment expenses Use: To demonstrate value of HR programs How do you calculate the HR metric "human capital value added" and what is it best used to evaluate? correct answers Revenue - non-employment expenses / number of full-time employees Use: to indicate increase in employee productivity as the result of HR activities How do you calculate the HR metric "key talent retention" and what is it best used to evaluate? correct answers Percentage of key talent retained Use: To demonstrate effectiveness of employee development and reward strategies How do you calculate the HR metric "promotion pattern" and what is it best used to evaluate? correct answers Percentage of internal promotions Use: To demonstrate effectiveness of development programs and strong culture How do you calculate the HR metric "success ratio" and what is it best used to evaluate? correct answers Proportion of selected applicants who are later judged to be successful on the job Use: To indicate effectiveness of recruiting, selection, and orientation methods How do you calculate the HR metric "training return on investment" and what is it best used to evaluate? correct answers Economic benefit of enhanced performance minus costs of developing, producing, and delivering training Use: To demonstrate value of strategic choice to invest in training How do you calculate the HR metric "transfer" and what is it best used to evaluate? correct answers Number or percentage of employees moving across divisions to new jobs