Unit 6 - Human Resources

Question 1

Employee costs as a % of turnover

Answer 1

Employee costs as a % of turnover = (employee costs / sales revenue) x 100

Question 2

Labour productivity

Answer 2

Labour productivity = (output per period / sales revenue) x 100

Question 3

Labour costs per unit

Answer 3

Labour costs per unit = total labour costs / total units of output

Question 4

Labour turnover

Answer 4

Labour turnover = (number of employees leaving in a given period of time / original number of employees in a given period of time) x 100

Question 5

Retention rate

Answer 5

Retention rate = (number of employees working in the business for the while time period / employee numbers at the start of time period) x 100