Fichas
Measuring Workforce Effectiveness
Fichas del conjunto (10)
- 1Labour ProductivityIt is important for businesses to know how productive their workforce is because changes in labour productivity can have massive impacts on the business. (Labour Productivity = Output Per Period / Number Of Employees) The higher the labour productivity, the better the workforce is performing.
- 2Ways To Increase Labour Productivity1) Training can make workers more productive, 2) Labour Productivity can be improved by improving worker motivation
- 3Consequences Of Increasing Productivity1) Some companies reward increased productivity, paying workers using a piece rate system encourages staff to produce more (However this could cause the quality to suffer)
2) Increasing labour productivity means redundancies and job losses unless sales increase. Businesses need to plan for the consequences of improved productivity
3) Businesses must balance productivity against things like product quality and long-term worker motivation - 4Absenteeism(Absenteeism % = Number Of Staff Days Lost / Number Of Working Days x 100) The lower the % of absenteeism the better for the business.
- 5Causes Of Absenteeism1) Poor working Conditions, 2) Poor relationships with managers and other staff, 3) Stress or disillusionment with the job, 4) Poor motivation
- 6Labour Turnover(Labour Turnover = Number Of Staff Leaving / Average Number Of Staff Employed). The higher the figure the larger the proportion of worker leaving the firm each year.
- 7External Causes Of Labour Turnover1) Changes in regional unemployment levels, 2) Growth of other local firms using staff with similar skills
- 8Internal Causes Of Labour Turnover1) Poor motivation of staff, 2) Low wages, 3) Lack of opportunity for promotion, 4) Poor recruitment method
- 9Benefits Of High Labour Turnover1) Constant stream of new ideas coming in,
2) Firm can recruit staff who have previously been trained by other competitors - saves money, 3) Enthusiasm of new staff increase motivation of existining employees - 10Limitation Of High Staff Turnover1) Lack of loyal and experienced staff,
2) Firm loses staff who they've trained,
3) Training new employees cost money and productivity decreases whilst in the process
4) Recruitment costs are high
Información
- Descripción
- A Levels (People In Business - Unit 2) Business Fichas sobre Measuring Workforce Effectiveness, creado por danny-hudson97 el 15/04/2014.
- Creado por
- danny-hudson97
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