labour turnover Flashcards
1
Q
labour turnover
A
the proportion of staff leaving a business over a period of time
2
Q
how is labour turnover calculated
A
no. of staff leaving over a period of time/average no. of staff in a post during a period x 100
3
Q
what causes high turnover
A
weak culture employing students low pay high stress competition
4
Q
negatives of high turnover
A
high costs
constant need for training, could become inconsistent
disrupt production and efficiency
5
Q
benefits of high turnover
A
cheaper than redundancies
new ideas into business
6
Q
labour retention
A
the rate that employees stay in the business
7
Q
how is labour retention calculated
A
no. of staff staying(over period)
average no. of staff in a post(over period) x100
8
Q
absenteeism
A
no. staff absent on day
total no. employed x100
9
Q
issues of absenteeism
A
sick pay temporary staff output suffers delays in production quality suffers
