Business Formula - HR management

Question 1

Labour turnover

Answer 1

Number of employees leaving over given period
———————————————————————– x 100
Avg. number employed over given period

Question 2

Retention rates

Answer 2

Number of employees with +1 years of service
——————————————————————- x100
Overall workforce numbers

Question 3

Labour productivity

Answer 3

Output per period
.———————–
Staff per period

Question 4

Labour cost

Answer 4

Total labour cost
.——————————
Total units of output

Question 5

Employee cost as a percentage of revenue

Answer 5

Employee cost
———————-.x 100
Sales revenue

Question 6

Absenteeism

Answer 6

Number of staff absent
——————————— x 100
Total workforce