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Revenue per Employee

Revenue per Employee
   
Home  » Products  » VIP Task Manager Pro  » Tutorials  » Customization Guide  » Revenue per Employee

Revenue per Employee

    Revenue per Employee is employee key performance indicator that measures the employee productivity and shows the ratio of company’s revenue (REVs) to the number of employees. Company’s Revenue (REVs) is the total amount the company gains in the result of all its business activities. Revenue is calculated by the formula below:

    Revenue (REVs) = Quantity of units sold x Cost per unit

    Revenue per Employee is computed as follows:

    Revenue per Employee = Revenue (REVs) / Number of employees

    You can use this measure to compare your revenue per employee with the average in your industry.

    To calculate Revenue per Employee please follow the steps below:

  • Add the custom field “Revenue” with code “cf_revs”
  • Add the custom field “Revenue per Employee” with code “cf_revenue_per_employee” and the formula:
  • $cf_revs / X, where X is the number of employees working in your company

    If you have 40 employees the formula will look like this:

    $cf_revs / 40

    It is also possible to calculate Average Revenue per Employee per hour to know how much each employee contributes to the company per each working hour being involved in income-producing activity. Average Revenue per Employee per hour is calculated by the following formula:

    Average Revenue per Employee per hour = Annual Revenue per Employee / Total Working hours per employee per year

    Total Working hours per employee per year = Number of working hours per week * Number of working weeks per year

    For example, if employee works 40-hours per week and average number of working weeks per year is 50, Total Working hours per employee per year are calculated as:

    40 * 50 = 2000 working hours per year

    If you need to calculate Average Revenue per Employee per hour you can add additional custom field “Avg REVs per Employee/hour” with the formula:

    $cf_revenue_per_employee / 2000

  • On Task Tree select the task group for which you need to display Revenue per Employee per Project  and select “Custom fields options”
  • Set the following custom fields settings for the custom fields: “REVs”, “Revenue per Employee” and “Avg REVs per Employee/hour”
    • In “Settings for” select “This task group”
    • select “Enable”
    • select “Calculated by custom field formula (for task group)”
  • Revenue per Employee and Average REVs per Employee per hour on Task Tree


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