Exercise #$1-$ HR Metrics

Information Provided:

In $2021,$ Company A had a total of $1,000$ salaried employees. Workers in Company A have a $5$day work week and a standard $8-$hour workday. The annual worker compensation for an employee is $$110,000-$ which includes benefits.

In the following year $(2022),$ Company A hired an additional $200$ people, which cost them $$60,000.$ During that recruitment drive, $500$ people were offered jobs but only $200$ joined the company.

During the last month of $2022,$ there were $215$ reported absences$.$ Additionally, $100$ employees quit the company during the year.

Questions:

Calculate the following HR Metrics for year $2023$ with the information given above. Show all steps in your calculation.

Workers' compensation cost per employee $110,\frac{000}{1},200($Total annual workers' compensation cost$/$Average number of employees$)$

Cost per hire $,60,\frac{000}{110,000+60,000}$