Metrics & KPIsVariable versus Fixed HR cost ratio
Definition
Especially with many recent economic turbulent periods, companies need to plan and structure their costing well to weather the storm. Thus HR needs to determine what costs are absolutely necessary to incur for day-to-day activities versus what is cyclical or ad-hoc in nature. Thus things like determining the mix of permanent vs. temporary/contract labour falls into this ratio monitoring
Tags
contract, labour, cost