Chapter 4 BUS1201

benefits as a % of salary

cost of all benefits provided by the employer and divided by employee’s gross annual salary

cost per hire

costs involved in hiring a new employee - advertising, agency, referrals, travel costs

full-time equivalent (FTE)

number of full time hours worked by a full time and part time employees

-scheduled hours / hours for a full time workweek

healthcare costs

amount an employer is spending on healthcare for employees, used for budgeting and reporting total benefits

recruiting yields ratios

organization’s applicant-to-hire yield ratio do show efficiency of hiring process

revenue per FTE

total amount of revenue receive during a business’ fiscal year / number of FTEs

-increased in rev. per FTE ratio = more efficiency and productivity

turnover rate

rate at which employees leave during the month, quarter, or year

equality (sameness)

treating everyone the same regardless of differences

equity (fairness)

helping people with barriers have the same opportunities as people who do not

the best companies to work for

• Put people first 

• Help workers find and pursue their passions 

• Bring people together on a personal level 

• Empower people to own their work