Materials with spin-orbit coupling are of great current interest for various spintronics applications due to the efficient electrical generation and detection of electron spins. Over the past decade, a large number of materials have been studied including topological insulators, transition metals, Kondo insulators, semimetals, semiconductors, oxide interfaces, etc., however, there is no unifying physical framework for understanding the physics and therefore designing a material system and devices with the desired properties. We present a model that binds together the experimental data observed on the wide variety of materials in a unified manner. We show that, in a material with a given spin orbit coupling, the density of states plays a key role in determining the spin-charge interconversion efficiency and a simple inverse relationship can be obtained. Remarkably, experimental data on spin voltage, obtained over the last decade on many different material systems closely follow such inverse relationship. Based on such analytical relationship, we further deduce two figure of merits of great current interest: the spin-orbit torque efficiency (for the direct effect) and the inverse Rashba-Edelstein effect length (for the inverse effect), which statistically show good agreement with the existing experimental data on wide varieties of materials.