3.5.3 Human resources Flashcards
Why may employee attendance be low?
-Lack of growth and opportunities.
- Employees feel devalued and unrecognised.
- Stress form lack of work/life balance.
What is the labour productivity calculation?
total output/ no. of workers
Why may a business become less competitive due to poor labour productivity?
- Competitors may increase their productivity.
- Competitors may bring out a better product.
How to calculate labour turnover?
(Number of employees leaving/ average number of employees) x 100
How to calculate labour retention?
(Number of staff staying over a period of time/ the amount of staff at the beginning of the period) x100
What are some causes of absenteeism?
- illness
- low morale
- poor working conditions
- stress
What is the absenteeism calculation?
(number of working days lost due to absence/ total days worked) x100
How can a business reduce absenteeism?
- Introduce more flexible working
- Ensure jobs are interesting
- Improve working conditions
- Improve employee employer relations.
What is the hard and soft approach?
Hard- treating staff as a cost
Soft- treating staff as an asset