Workforce Performance (Edexcel A-Level Business): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Labour productivity formula
Labour productivity formula
Total output ÷ Average number of employees
Labour turnover formula
Labour turnover formula
(Staff leaving ÷ Average staff) × 100%
Labour retention formula
Labour retention formula
(Staff staying ÷ Average staff) × 100%
Daily absenteeism rate formula
Daily absenteeism rate formula
(Staff absent ÷ Total staff employed) × 100%
Manufacturing vs service industry productivity
Manufacturing vs service industry productivity
Manufacturing higher - uses more capital per employee
Three causes of high labour turnover
Three causes of high labour turnover
Low pay, limited development, poor working conditions
Three problems from high labour turnover
Three problems from high labour turnover
Recruitment costs, productivity loss, training investment
Three problems caused by absenteeism
Three problems caused by absenteeism
Sick pay costs, cover arrangements, productivity impact
F.W. Taylor's theory of scientific management
F.W. Taylor's theory of scientific management
Money is the primary motivator for workers
What are piece rates?
What are piece rates?
Payment systems linking earnings directly to units produced