Measuring HR Performance (AQA A-Level Business): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Labour turnover definition
Labour turnover definition
% of workforce that leaves employment in a time period
Labour turnover formula
Labour turnover formula
(Employees leaving/average staff) × 100
Labour retention definition
Labour retention definition
% of employees with 1+ years of service
Labour retention formula
Labour retention formula
(Staff with 1+ years/overall workforce) × 100
Labour productivity definition
Labour productivity definition
Output each employee generates per time period
Labour productivity formula
Labour productivity formula
Total output per period / number of employees
How to express labour productivity
How to express labour productivity
Units per worker per time period, NOT as %
Employee costs as % of turnover formula
Employee costs as % of turnover formula
(Labour costs / turnover) × 100
Labour cost per unit formula
Labour cost per unit formula
Labour costs / output
Productivity & unit labour cost relationship
Productivity & unit labour cost relationship
Inverse: higher productivity = lower unit cost