Analysing human resource performance

Analysing human resource performance

1. what i need to be able do within this

   • You will need to be able to use the formula and calculate the answers, and then interpret the significance of these answers in the exam.

2. 3 ways you can tell your employees arent working well in a business

   • Low labour productivity
   • Quality control
   • Not wanting to come to work

3. Labour turnover

   • The proportion of employees leaving a business over a period of time- usually a year
     • Number of staff leaving ( per time period) / Average number of staff ( per time period x 100

4. Retention Rates

   • The proportion of employees with a specified length of service as a proportion of the total workforce
     • Number of employees with one or more years’ service/ Overall workforce numbers x 100

5. Labour Productivity

   • The measure of the output per worker in a given time period
     • output per period / Number of employees per period

6. Labour Cost Per unit

   • A measure of the averge labour costs involved producing one unit of output in a given time period
     • Total labour costs / Total Units of output