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Average Employee Lifetime Value Formula

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Average Employee Lifetime Value is a metric that measures the total expected value of the contributions an employee will make to an organization over the lifetime of their employment. Check FAQs

AVG ELTV = (\frac{AVG rev}{n E}) \cdot Avg tenure

AVG ELTV - Average Employee Lifetime Value?AVG_rev - Average Yearly Revenue?n_E - Number of Employees?Avg_tenure - Average Length of Employee Tenure?

Average Employee Lifetime Value Example

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Here is how the Average Employee Lifetime Value equation looks like with Values.

Here is how the Average Employee Lifetime Value equation looks like with Units.

Here is how the Average Employee Lifetime Value equation looks like.

14000 = (\frac{2E+6}{1000}) \cdot 7

14000 = (\frac{2E+6}{1000}) \cdot 7

14000 = (\frac{2E+6}{1000}) \cdot 7

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Average Employee Lifetime Value Solution

Follow our step by step solution on how to calculate Average Employee Lifetime Value?

FIRST Step Consider the formula

AVG ELTV = (\frac{AVG rev}{n E}) \cdot Avg tenure

Next Step Substitute values of Variables

∴

AVG ELTV = (\frac{2E+6}{1000}) \cdot 7

Next Step Prepare to Evaluate

∴

AVG ELTV = (\frac{2E+6}{1000}) \cdot 7

LAST Step Evaluate

∴

AVG ELTV = 14000

Average Employee Lifetime Value Formula Elements

Variables

Average Employee Lifetime Value

Average Employee Lifetime Value is a metric that measures the total expected value of the contributions an employee will make to an organization over the lifetime of their employment.

Symbol: AVG ELTV

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Average Employee Lifetime Value

Average Yearly Revenue

Average Yearly Revenue means the amount equal to the sum of the Revenue for each fiscal year of the Performance Period, divided by the number of fiscal years in the Performance Period.

Symbol: AVG_rev

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Average Yearly Revenue

Number of Employees

The Number of Employees is defined as those persons who work for an employer and who have a contract of employment and receive compensation in the form of wages etc.

Symbol: n_E

Measurement: NAUnit: Unitless

Note: Value should be greater than 1.

Formulas to find Number of Employees

Average Length of Employee Tenure

Average Length of Employee Tenure refers to the average length of time that an employee stays with their current employer.

Symbol: Avg_tenure

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Average Length of Employee Tenure

Other formulas in Human Resource Metrics category

Go Absenteeism Rate

AR = \frac{TUL}{NWD} \cdot 100

Go Cost Per Hire

CPH = \frac{ERE + HR exp}{SH}

Go Employee Turnover Rate

ETR = (\frac{E sep}{AVG emp}) \cdot 100

Go Human Capital Return on Investment

HCROI = \frac{R - NHC exp}{HC exp}

How to Evaluate Average Employee Lifetime Value?

Average Employee Lifetime Value evaluator uses Average Employee Lifetime Value = (Average Yearly Revenue/Number of Employees)*Average Length of Employee Tenure to evaluate the Average Employee Lifetime Value, The Average Employee Lifetime Value is a metric that measures the total expected value of the contributions an employee will make to an organization over the lifetime of their employment. Average Employee Lifetime Value is denoted by AVG ELTV symbol.

How to evaluate Average Employee Lifetime Value using this online evaluator? To use this online evaluator for Average Employee Lifetime Value, enter Average Yearly Revenue (AVG_rev), Number of Employees (n_E) & Average Length of Employee Tenure (Avg_tenure) and hit the calculate button.

FAQs on Average Employee Lifetime Value

What is the formula to find Average Employee Lifetime Value?

The formula of Average Employee Lifetime Value is expressed as Average Employee Lifetime Value = (Average Yearly Revenue/Number of Employees)*Average Length of Employee Tenure. Here is an example- 14000 = (2000000/1000)*7.

How to calculate Average Employee Lifetime Value?

With Average Yearly Revenue (AVG_rev), Number of Employees (n_E) & Average Length of Employee Tenure (Avg_tenure) we can find Average Employee Lifetime Value using the formula - Average Employee Lifetime Value = (Average Yearly Revenue/Number of Employees)*Average Length of Employee Tenure.

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Average Employee Lifetime Value Formula

Average Employee Lifetime Value Example

Average Employee Lifetime Value Solution

Average Employee Lifetime Value Formula Elements

Other formulas in Human Resource Metrics category

How to Evaluate Average Employee Lifetime Value?

FAQs on Average Employee Lifetime Value

Variable Name