3.5 Flashcards
Gearing Ratio
Measures performance of a business that is financed from long term borrowing
ROCE
Profit of a business as a percentage of the total amount of money used to generate it
Return on investment
Financial benefits or profits made from investments such as setting up a production location in another country
Absenteeism
Number of staff who are absent as a percentage of total workforce
Consultation strategies
When management actually engage in discussions with employees about strategies and working practices
Employee share ownership
Where key employees will be paid a trance of shares if the business reaches important performance targets
Empowerment strategies
It is achieved by granting employees more authority in the workplace
HR strategies
The set of people who make up the workforce of a business
Labour productivity
Measure of how efficiently a business uses its employees to produce output
Labour retention
Number of employees that remain in the business over a period of time
Labour turnover
Measures percentage of employees leaving a business over a period of time
