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

Voluntary turnover rate = (voluntary separations / average headcount) × 100 = (50/500) × 100 = 10%.

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

Replacement cost at 50% of a $60,000 salary equals $30,000 per departing employee.

Question 3

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

Accepted Answer

New hire's first-year salary

Answer

Cost-per-hire includes recruiting expenses, not the ongoing salary of the hired employee.

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

Time-to-productivity measures how long it takes a new hire to reach the expected performance level for their role.

Question 5

Which formula correctly calculates Human Capital ROI?

Accepted Answer

(Revenue − Operating Expenses + Compensation) / Compensation

Answer

Human Capital ROI = (Revenue − Operating Expenses + Compensation) / Compensation, isolating the return generated per dollar of compensation.

(CHRP) Certified Human Resources Professional Practice Test

(CHRP) Certified Human Resources Professional Practice Test

CHRP HR Metrics and Financials 2