Formulas- Human Resources

Question 1

Labour Cost per unit

Answer 1

Labour costs/ Units of output

Question 2

Employees costs as a % of turnover

Answer 2

Employee costs/ sales turnover x 100

Question 3

Labour Turnover (%)

Answer 3

Number of staff leaving/ average number of staff employed x 100

Question 4

Labour Retention (%)

Answer 4

(Number of staff at end of period - number of leavers)/ number of staff at end of period x 100

Question 5

Absenteeism (%)

Answer 5

Number of days taken off for unauthorised absence (during period)/ total days worked by workforce over the period x 100