Other Formulas Flashcards
PERT analysis
Pessimistic time + (4 x likely time) + optimistic time / 6
Labour turnover (workforce performance)
Number of employees leaving during the year / average number employed during the year x 100
Absenteeism (workforce performance)
Total days absent in the month / total available working days in the month x 100
Lateness (workforce performance)
Total number of Kate arrivals / total number of scheduled attendances x 100
Workforce productivity (workforce performance)
Output (per week/month/year) / average number of employees
Piece rate (performance related pay)
Number of products produced x amount paid to work per product produced
Commission (performance related pay)
Sale value x commission rate
Holiday entitlement
Number of days that an employee works per week x 5.6
