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Employee Growth by Function

Date created: Jul 21, 2021  •   Last updated: Feb 1, 2022

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.

Alternate names: Forecasted Headcount & Hiring Plans

Employee Growth by Function Formula

ƒ (Count(Employees in Function at End of Period) - Count(Employees in Function at Start of Period)) / Count(Employees in Function at Start of Period)

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

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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.
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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.
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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.

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.