CHRP HR Metrics and Financials 3

Question 1

Revenue per employee is $250,000 and total compensation cost per employee is $50,000. What does the compensation-to-revenue ratio equal?

Accepted Answer

20%

Answer

Compensation-to-revenue ratio = ($50,000 / $250,000) × 100 = 20%.

Question 2

Which absenteeism rate formula is most widely used in HR analytics?

Accepted Answer

(Days absent / Days scheduled) × 100

Answer

The standard absenteeism rate = (total days absent / total scheduled workdays) × 100.

Question 3

In workforce planning, a labor demand forecast that uses regression analysis is primarily based on:

Accepted Answer

Statistical relationships between business drivers and staffing needs

Answer

Regression analysis identifies statistical relationships between business variables (e.g., sales volume) and required staffing levels.

Question 4

A training program costs $50,000 and generates $200,000 in measurable productivity gains. What is the training ROI?

Accepted Answer

300%

Answer

Training ROI = ((Benefits − Costs) / Costs) × 100 = (($200,000 − $50,000) / $50,000) × 100 = 300%.

Question 5

Which metric measures the percentage of open positions filled by internal candidates?

Accepted Answer

Internal fill rate

Answer

Internal fill rate measures what proportion of job openings are filled through internal mobility rather than external hiring.

(CHRP) Certified Human Resources Professional Practice Test