← HR Metrics·Workforce Composition
Contractor Ratio
Proportion of contractors vs full-time employees
How it’s computed
COUNT(contractors) / COUNT(all)
What the evidence shows
Evidence (effect sizes, priors, validity) is syncing from Principia.
Run it on your data
This metric is computed in the People Analytics Toolbox on your own numbers. See pricing — posted, no quotes.
sources: toolbox:metrics-catalog
What the literature says
The measurement literature behind this signal — sourced, so you can defend it.
“Labour Cost Expense Percent Labour Cost / Operating Cost The total labour costs as a percentage of total expenses. Labour cost can be a significant operating expense, in an organization that relies on human capital to generate value. Review this with Revenue per FTE to ensure…”
— Predictive HR Analyticsmatch 50%
“A company with 2000 employees, and 1000 new and replacement hires, would have an Accession Ratio of 0.5 (1000/2000= 0.50). A high Accession Ratio usually means delays which will lower engagement, increase cost and reduce productivity.Climate Culture Rating : This refers to the…”
— Predictive HR Analyticsmatch 47%
“Under this methodology, a federal contractor would fail the tipping point test of internal pay equity if each of the following conditions were found in its compensation data:1.A 5% or larger difference in pay between protected and nonprotected employees grouped by job title;…”
— Compensating Employees Fairlymatch 47%
Resources: Predictive HR Analytics · Compensating Employees Fairly