SHRM Certified Professional CP Exam
Key Formulas Study Guide 100% Pass |
Graded A+
David Mungai [Date] [Course title]
, SHRM Certified Professional CP Exam
Key Formulas Study Guide 100% Pass |
Graded A+
Cost of hire - Answer>> total costs /
# of new hires
Cost per hire - Answer>> (sum of external costs) + (sum of
internal costs)/
total # of hires in time period
Employee absence rate - Answer>> # of days absent in a
month /
average # of employees during a month x # workdays in a month
Human capital return on investment - Answer>> employment
related expenses /
revenue - nonemployment expenses
human capital value added - Answer>> revenue -
nonemployment expenses /
# of full time employees
labor productivity - Answer>> sales /
# of employees
recruitment cost ratio (RCR) - Answer>> [(External costs +
Internal costs)/
Total first-year compensation of hires in a time period] x 100
retention rate - Answer>> [# of employees who remain
employed for entire measurement period / # of employees at the
start of measurement period] x 100
Key Formulas Study Guide 100% Pass |
Graded A+
David Mungai [Date] [Course title]
, SHRM Certified Professional CP Exam
Key Formulas Study Guide 100% Pass |
Graded A+
Cost of hire - Answer>> total costs /
# of new hires
Cost per hire - Answer>> (sum of external costs) + (sum of
internal costs)/
total # of hires in time period
Employee absence rate - Answer>> # of days absent in a
month /
average # of employees during a month x # workdays in a month
Human capital return on investment - Answer>> employment
related expenses /
revenue - nonemployment expenses
human capital value added - Answer>> revenue -
nonemployment expenses /
# of full time employees
labor productivity - Answer>> sales /
# of employees
recruitment cost ratio (RCR) - Answer>> [(External costs +
Internal costs)/
Total first-year compensation of hires in a time period] x 100
retention rate - Answer>> [# of employees who remain
employed for entire measurement period / # of employees at the
start of measurement period] x 100
