CHRP HR Metrics and Financials 2

Question 1

A company has 500 employees and 50 voluntary separations in a year. What is the voluntary turnover rate?

Accepted Answer

10%

Answer

5%

Answer

15%

Answer

20%

Question 2

Which metric best captures the financial impact of replacing an employee who earns $60,000 annually, if replacement cost is estimated at 50% of salary?

Accepted Answer

$30,000

Answer

$15,000

Answer

$60,000

Answer

$90,000

Question 3

When calculating cost-per-hire, which of the following is NOT typically included?

Accepted Answer

New hire's first-year salary

Answer

Recruiter fees

Answer

Background check costs

Answer

Job posting fees

Question 4

An HR dashboard shows 'time-to-productivity' averaging 90 days. This metric primarily measures:

Accepted Answer

How quickly new hires reach full performance

Answer

How long recruitment takes

Answer

Average tenure of employees

Answer

Training program length

Question 5

Which formula correctly calculates Human Capital ROI?

Accepted Answer

(Revenue − Operating Expenses + Compensation) / Compensation

Answer

(Revenue − Operating Expenses) / Total Compensation

Answer

(Net Income / Total Employees) × 100

Answer

Revenue / Cost-per-Hire

Question 6

A benefits cost analysis shows that health insurance costs rose from $4,000 to $4,600 per employee. What is the percentage increase?

Accepted Answer

15%

Answer

10%

Answer

12%

Answer

20%

Question 7

Which HR metric would best help an organization evaluate whether its compensation structure is competitive?

Accepted Answer

Compa-ratio

Answer

Absenteeism rate

Answer

Training ROI

Answer

Span of control