Question: 3 questions: How do I analyze the example, according to the Benchmark chart below? If the company has 500 staff and 2 for every 100

3 questions: How do I analyze the example, according to the Benchmark chart below?

If the company has 500 staff and 2 for every 100 other employees does this meet industry average of 0.82 according to chart below explain why?

what does the .82 mean, less than 1 employee?

3 questions: How do I analyze the example,

3 questions: How do I analyze the example,

for the 3rd question does the 0.82 mean less than 1 Human Resource employee as industry average is this bad?

Example: Suppose there are 10 full-time HR Employees, and 500 other full-time employees. HR to Staff Ratio (also known as HR to Employee Ratio) = (10 +500)*100 = 2 Interpretation: There are 2 HR employees for every 100 other employees Note: "Other full-time employees" does not include HR full-time employees SHRM Human Capital Benchmarking Study Average HR-to-Employee Ratio, by Organization Size Fewer than 100 2.70 100 to 249 1.26 250 to 499 1.07 500 to 999 0.82 0.79 1,000 to 2,499 2,500 to 7,499 0.53 7,500 or more 0.42 Source: SHRM Human Capital Benchmarking Study

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!