In an article posted by The Washington Post in March 2018, Heather Long mentioned that the US Labor Department had recorded 6.6 million job openings that affect almost 50% of US employers. The increasing number of employees in a year is an essential aspect for any profit-oriented companies that put most of their investments in human capital (employees). Hence, there is a need for them to determine whether or not an employees sample generates enough profits to counterbalance the company’s expenses. This article offers a step-by-step guide for you to carry out the task effectively.
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10+ Revenue Per Employee Ratio Templates in Google Docs | Google Sheets | MS Word | Excel | Numbers | Pages | PDF
1. Financial Spreadsheet Template
A financial spreadsheet helps you record the company’s net revenue on a quarterly, monthly, or yearly basis, keeping in mind the revenue per employee simple ratio formula; that is, revenue per employee = net revenue/number of employees. Hence, this Financial Spreadsheet Template is something that you should download. We also made this template available in all the file formats mentioned above. So, what are you waiting for? Grab it now!
2. Employee Daily Timesheet Template
This Employee Daily Timesheet Template identifies the daily work attendance of every employee. And what follows after identifying the regular presence is the indication of an employee’s productivity every day. To use this template, download and personalize it using Google Docs, Google Sheets, MS Excel, MS Word, Numbers, Pages, and Editable PDF. Make haste and secure a copy of this template now!
3. Employee Work Schedule Template
One of the best ways to determine the ratio of revenue per employee is by monitoring the employee’s work schedule. With this Employee Work Schedule Template in your personal computer, you can quickly draft and record the data you need to calculate the ratio. So, grab a copy of this template and customize the content in any of the file formats mentioned above. Hurry and download it right now!
5 Steps to Determine a Revenue Per Employee Ratio
Productive and efficient business companies need to offset the expenses they paid for every employee. They are working hard to get a higher revenue per employee in a given period. In doing so, they are using a vital ratio that measures how much money an employee creates for the company; a revenue per employee ratio. And to help these companies determine the correlation of the revenue per employee, we have provided a step-by-step guide below.
Step 1: Know the Factors Affecting the Ratio of Revenue Per Employee
According to Investopedia, three general factors are affecting the ratio of revenue per employee. First is the company’s industry, which compares the demands for labor that varies from one company to another. Second is the employee turnover. Businesses believe that employee turnover would eventually affect the productivity rate of each employee, especially when they are required to entertain and train new hires during the onboarding process. And third is the age of the company. Most young companies tend to generate a lower revenue per employee ratio because they are still busy hiring and expanding.
Step 2: Learn How it Works
An unproductive employee generates no profit. The company’s primary and most significant resources are its employees, so the company needs to train them to be more productive to make up for the business’s expenses. To do that, they usually use an analytical tool – the revenue per employee ratio; to estimate how efficiently and productively the company utilizes its resources.
Step 3: Study the Formula
In determining the ratio of revenue per employee, make sure to follow this formula: Revenue Per Employee = Revenue / Current Number of Employees. You may download a calculator template on template.net to have an accurate measure of the revenue per employee ratio.
Step 4: Use a Template
Aside from the formula to follow and the factors that affect the revenue per employee ration, it is also important to note that you need a template or two to carry out the task effectively. Provided in this article are the different types of models – plans, schedules, simple worksheets, and statements – that you can use in determining the revenue per employee ratio. Download any of them to your advantage.
Step 5: Create a Revenue Per Employee Ratio Table
To help you manage this task well, we suggest that you create a table to record the data. We have a wide array of sheet templates to aid you in the process, so there’s no need for you to make a table from scratch.
4. Employee Development Plan Template
Businesses often use a development plan for their employees, especially when it wants to achieve excellence and train new hires. While drafting a development plan could have been that easy for most business owners, our ready-made Employee Development Plan Template can help a lot in the process. It can save you from the hassle and stress of creating one from scratch. To catch a glimpse of this template, you need to download it right there and then.
5. Employee Biweekly Timesheet Template
In its most basic definition, the word “biweekly” only means that it’s either you can do it every two weeks or twice a week. With this Employee Biweekly Timesheet Template, you can now monitor the time-ins and time-outs of your employees better. You only have to download and edit the template using Google Docs, Google Sheets, MS Excel, MS Word, Numbers, Pages, and Editable PDF. Download now!
6. Employee Timesheet Template
Make a hassle-free record of the employee’s attendance by using our ready-made Employee Timesheet Template. This sheet template template is made available in A4 and US letter sizes, perfect for commercial as well as personal printing. Edit the template today with ease in Google Docs, Google Sheets, MS Excel, MS Word, Numbers, Pages, and Editable PDF. Download it now to start the editing process.
7. Income Statement Monthly Template
Get to create a monthly income statement of your business with the help of your printable and downloadable Income Statement Monthly Template. Edit it with ease in MS Word and Apple Pages file formats. If you need a copy of this template right now, you can download it immediately.
8. Balance Sheet Template
If you are on the hunt for a Balance Sheet Template that details the company’s financial balances, then this template is what you need to get your hands on. In Numbers, MS Excel, MS Word, and Pages file formats, the model is easy to edit and ready to print anytime using your personal computer or any macOS device. Download it now to start your task!
9. Income Statement Template
Download our ready to use Income Statement Template that is fully editable and 100% customizable in MS Word and Apple Pages. Record and monitor the company’s financial progress with the help of this template. You may download it now or anytime you need one for a trouble-free editing process.
10. Income Statement Sample Template
An income statement records the company’s revenues and expenses in a given time. With this Income Statement Sample Template, you will be able to identify the profit generated by your company and estimate how much in that profit a single employee contributed. So, make sure to grab this sample document in a portable document format (PDF) anytime you need it.
11. Profit & Loss Statement Template
Use this Profit & Loss Statement Template from businesss.gov.au to aid you in determining your company’s net revenue and identifying the revenue per employee ratio. Download it on your computer and get full access to the file in a portable document format (PDF). Don’t let this template slip through your hands. Secure a copy now!