What is Employee Growth by Function?
Employee Growth by Function measures how each organizational function is forecasted over a 1-5 year period. This hiring plan is typically factored into the financial model.
Employee Growth by Function Formula
How to calculate Employee Growth by Function
Say your company has 10 employees in marketing at the start of the year, and this number grows to 14 by the end of the year. Your Employee Growth by Function, marketing in this case, would be (14 - 10) / 10 which is 40% growth.
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How to visualize Employee Growth by Function?
The best way to visualize your Employee Growth by Function is with a bar graph to visualize the difference between departments. You can also use a line graph to view changes in the overall trend for employee growth.
Employee Growth by Function visualization examples
Employee Growth by Function
Bar Chart
Here's an example of how to visualize your Employee Growth by Function data in a bar chart to observe segmented data.
Employee Growth by Function
Line Chart
Here's an example of how to visualize your Employee Growth by Function data in a line chart over time.
More about Employee Growth by Function
Employee Growth by Function measures change in full-time employee count by function. This is a headcount metric factored into budgeting and forecasting the financial obligations of the company. In conjunction with metrics such as Cost per Hire and Revenue per Employee, this metric can provide a robust view of the return on investing in employees and growing employee count.