Age Ratio. Age Composition of the Company.

Description

Age Ratio displays aggregate information about the age composition of the company. Age Ratio is normally reported by division, department and location. It is often useful to report the Age Ratio in ranges (ranges can differ by industry and regulatory environment).

Business Case

HR Professionals can use the organisation’s Age Ratio as one data point in defining programs that would be of benefit to most employees. For example, organisations with a young workforce may offer a tuition reimbursement program. Companies that operate overseas and in regulated industries may be required to maintain specific age ratios, especially as they relate to employees eligible for retirement. The Age Ratio may be combined with the Promotion, Performance and Salary information to validate that all departments, divisions and locations comply with Equal Employment Opportunity regulations.

Required Data

Employee Age or Birth date  Example: 26, 52, 71, January 17, 1956

Samples

Implementation Considerations

There are many considerations that can be taken into account when defining the age ratio calculation. In fact, multiple age ratio metrics may be desirable. Some metrics are listed below. Your HumanConcepts Professional Services Consultant can work with you to define calculations that take into account the available data and your business needs.

Age Range

Example: Under 18, 19-25. 26-45, over 46
Most organisations report employee age in aggregate and as a range. Although ranges that are most useful differ by industry, most organisations, at a minimum, report the following ranges:
Under 18 – Many jurisdictions prohibit employing persons who are under the age of 18.
19-21 – Special regulations might apply to employees between the ages of 19-21.
Over 45 – Employees who are over 45 may be protected by employment statutes.

Department, Division, Area

Example: Finance, Consumer Products Division, California
Large companies with operations in multiple locations might want to tailor employee benefit programs by division, department and location. Age Ratio, in conjunction with other employee census information, may make it easier to create programs that will be of greatest benefit to most employees.