HR formulas Flashcards
1
Q
Labour turnover formula
A
Number of staff leaving in a year/Average number of staff x 100
2
Q
Labour retention formula
A
Number of staff staying in a year/Average number of staff x 100
3
Q
Labour productivity formula
A
Total output per time/Number of employees at work
4
Q
Unit labour costs fomula
A
Labour costs/Units of output x 100
5
Q
Employee costs as a percentage of revenue formula
A
Employee costs/Sales turnover x 100
