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Total Penalty Exposure:
5,249,500 SAR

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3 critical8 pending

HR Formula Encyclopedia

50+ HR formulas with interactive calculators

Source:HR-Nurture
Cost per Hire (CPH)
Measures the average cost incurred to hire a new employee
CPH

Total Recruitment Costs ÷ Number of Hires

Industry average: SAR 15,000 - 25,000 per hire
Time to Fill
Average number of days to fill an open position
TTF

Total Days to Fill Positions ÷ Number of Positions Filled

Target: 30-45 days for most positions
Time to Hire
Measures candidate experience from application to hire
TTH

Days from Candidate Application to Offer Acceptance

Target: 14-21 days
Offer Acceptance Rate
Percentage of job offers accepted by candidates
OAR

(Offers Accepted ÷ Offers Made) × 100

Target: 85%+
Quality of Hire
Composite score measuring new hire effectiveness
QOH

(Performance + Engagement + Retention Score) ÷ 3

Target: 4.0+ out of 5
Cost of Vacancy
Lost productivity cost of unfilled positions
COV

(Revenue ÷ Employees) × Vacancy Days

Recruitment Yield Ratio
Conversion rate between recruitment stages
RYR

(Candidates at Step ÷ Candidates at Previous Step) × 100

Sourcing Channel Effectiveness
Effectiveness of each recruitment channel
SCE

(Hires from Source ÷ Applications from Source) × 100

Turnover Rate
Percentage of employees who left during a period
TR

(Employees Left ÷ Avg. Employees) × 100

Industry average: 10-15% annually
Voluntary Turnover Rate
Percentage of employees who resigned voluntarily
VTR

(Voluntary Exits ÷ Total Employees) × 100

Target: Below 8%
Involuntary Turnover Rate
Percentage of employees terminated
ITR

(Involuntary Exits ÷ Total Employees) × 100

Early Turnover Rate
New hires leaving within 6 months
ETR

(Employees Leaving ≤ 6 Months ÷ New Hires) × 100

Target: Below 10%
Retention Rate
Percentage of employees retained over a period
RR

(Employees Retained ÷ Total Employees) × 100

Target: 90%+
Average Tenure
Average length of employee service
TEN

(Employees with 1+ Year Service ÷ Employees 1 Year Ago) × 100

Compa-Ratio
How employee pay compares to market midpoint
CR

(Employee Salary ÷ Salary Range Midpoint) × 100

Target: 95-105%
Salary Range Penetration
Position within salary range
SRP

((Salary - Range Min) ÷ (Range Max - Range Min)) × 100

Benefit Cost per Employee
Average benefits cost per employee
BCE

Total Benefits Cost ÷ Employees

Benefits Utilization Rate
Percentage of employees using benefits
BUR

(Employees Using Benefits ÷ Eligible Employees) × 100

Payroll Expense Ratio
Payroll as percentage of operating costs
PER

(Payroll Expenses ÷ Operating Expenses) × 100

Industry varies: 20-40%
Overtime Expense %
Overtime as percentage of total payroll
OTE

(Overtime Pay ÷ Total Payroll) × 100

Target: Below 5%
Average Salary Increase %
Average percentage salary increase
ASI

(Total Salary Increases ÷ Total Salaries) × 100

Market average: 3-5% annually
Training ROI
Return on investment for training programs
TROI

((Training Benefits - Training Costs) ÷ Training Costs) × 100

Target: 100%+ ROI
Training Cost per Employee
Average training investment per employee
TCE

Total Training Expenses ÷ Trained Employees

Industry average: SAR 2,000-5,000 per employee
Training Coverage
Percentage of employees who received training
TCV

(Trained Employees ÷ Total Employees) × 100

Target: 80%+ annually
Learning Effectiveness (Kirkpatrick L2)
Knowledge gain from training
LEF

(Post-Test - Pre-Test) ÷ Pre-Test

Target: 20%+ improvement
Training Hours per Employee
Average training hours per employee
THE

Total Training Hours ÷ Employees

Target: 40+ hours per year
Revenue per Employee
Revenue generated per employee
RPE

Total Revenue ÷ Employees

Industry varies significantly
Profit per Employee
Profit generated per employee
PPE

Profit ÷ Employees

Absenteeism Rate
Percentage of scheduled workdays missed
ABR

(Days Absent ÷ Total ERP System Ds) × 100

Target: Below 3%
Absence Frequency Rate
Average absence incidents per employee
AFR

Absence Incidents ÷ Employees

Lost Time Rate
Percentage of scheduled hours lost
LTR

(Hours Lost ÷ Scheduled Hours) × 100

Overtime % (hours)
Overtime as percentage of regular hours
OTH

(Overtime Hours ÷ Regular Hours) × 100

Target: Below 10%
Full-Time Equivalent (FTE)
Standardized headcount measure
FTE

Total Hours Worked ÷ 2080 (standard)

Vacancy Rate
Percentage of unfilled positions
VCR

(Vacant Positions ÷ Total Positions) × 100

Target: Below 5%
Human Capital ROI (HCROI)
Return on investment in human capital
HCROI

(Revenue - (Operating Expenses - Compensation)) ÷ Compensation

Target: 2.0+ (SAR 2 return per SAR 1 invested)
Human Capital Value Added (HCVA)
Value added per employee
HCVA

(Revenue - (Operating Expenses - Compensation)) ÷ Employees

Labor Cost %
Labor as percentage of operating costs
LCP

(Labor Cost ÷ Operating Costs) × 100

Span of Control
Average employees per manager
SOC

Direct Reports ÷ Managers

Optimal: 6-10 direct reports
Workforce Productivity Index
Productivity efficiency measure
WPI

Output ÷ Input (e.g., Units Produced ÷ Hours Worked)

Employee Satisfaction Index (ESI)
Average employee satisfaction score
ESI

Sum of Scores ÷ Respondents

Target: 4.0+ out of 5
Employee Net Promoter Score (eNPS)
Likelihood to recommend employer
ENPS

% Promoters - % Detractors

Good: 10-30, Excellent: 50+
Engagement Index
Percentage of engaged employees
EI

(Engaged Employees ÷ Total Employees) × 100

Target: 70%+
Saudization Rate (Nitaqat)
Percentage of Saudi nationals in workforce
SAU

(Saudi Employees ÷ Total Employees) × 100

Varies by industry and company size (Nitaqat bands)
Women in Leadership
Percentage of women in leadership positions
WIL

(Women in Leadership Roles ÷ Total Leadership) × 100

Vision 2030 Target: 30%+ by 2030
Women Participation Rate
Percentage of female employees
WPR

(Female Employees ÷ Total Employees) × 100

Vision 2030 Target: 30%+ workforce participation
Saudization by Department Index
Saudization rate per department
SDI

(Saudi Employees in Dept ÷ Total Dept Employees) × 100

Women Leadership by Department
Women in leadership per department
WLD

(Women Leaders in Dept ÷ Total Dept Leaders) × 100

Nitaqat Band Score
Nitaqat compliance band (Platinum/Green/Yellow/Red)
NTQ

Based on Saudization % and company size/industry

Target: Green High or Platinum
Formula Encyclopedia provided byHR-Nurture|Aligned with Vision 2030 & HRSD regulations
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