Using Data for HR planning (AQA A-Level Business): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
HR planning definition
HR planning definition
Strategic decisions about an organisation's workforce needs
Internal data in HR
Internal data in HR
Information from within the business
External data in HR
External data in HR
Information from outside the business environment
What productivity measures
What productivity measures
Output per worker or per hour worked
Unit labour costs definition
Unit labour costs definition
Labour cost of producing one unit of output
Unit labour costs formula
Unit labour costs formula
Total labour costs / Number of units produced
High retention rates indicate
High retention rates indicate
Employee satisfaction and stability
High labour turnover is
High labour turnover is
Costly and disruptive
Lower unemployment makes recruitment
Lower unemployment makes recruitment
More difficult and competitive
Why context matters in HR data
Why context matters in HR data
Numbers alone can be misleading; consider underlying factors