LABOUR TURNOVER

Question 1

What is human resource performance

Answer 1

The methods of which and organisation judges the extent of which their human resources are working effectively

Question 2

What is labour turnover

Answer 2

The proportion of the workforce who leave an organisation over a period of time
Formula = Number of staff leaving/ average number of staff X 100

Question 3

What is the labour turnover formula

Answer 3

Formula = Number of staff leaving/ average number of staff X 100

Question 4

Interpretation OF LABOUR TURNOVER

Answer 4

Interpretation:

The higher the percentage the more staff left the organisation

An increasing level of staff turnover is normally a concern (usually a sign of demotivation, and employees not being satisfied)

Some labour turnover may be considered positive as it means bringing in new ideas and talent

Impact on recruitment and training costs

Question 5

What is labour retention

Answer 5

Labour retention (the opposite to labour turnover - how long you can keep staff)

The proportion of the workforce who remain employed by an organisation after a period of time
Formula = Number of staff remaining/ average number of staff X 100

Question 6

What is the formula for laboru retention

Answer 6

Formula = Number of staff remaining/ average number of staff X 100