What Metric of HR Effectiveness Is Calculated by "The Sum

question 8

Short Answer

What metric of HR effectiveness is calculated by "the sum of external costs (recruiting)and internal costs (training new employees)divided by the total number of new employees in a specific time period"?

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Definitions:

Markov Analysis

A statistical technique used to predict the future behavior of a system or process based on its current state and known probabilities of various outcomes.

Horizontal Fit

Refers to the alignment between an individual's skills and interests and the job requirements or the compatibility between various HR practices within an organization.

Vertical Fit

The alignment between an individual's career path and the strategic objectives or needs of the organization.

HR Alignment

The process of ensuring that human resource practices are in harmony with the strategic goals and objectives of an organization.