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Analysing human resource performance.pptx - To be...

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Unit: 3.6 Decision making to improve human resource performanceSub unit: 3.6.2 Analysing human resource performanceTitle:Employee costs as a percentage of turnover and labour costper unitLearning Objective:To analyseand interpret human resource dataSOLOlevelOneManyRelateExtendSuccessCriteriaTo Identifyhumanresource dataThe use of data forhuman resourcedecision makingand planning.To analyseandinterprethumanresource dataTo applyyourknowledge to aexam questionTo be successful…
3.6.2 Analysing human resourceperformance
Knowledge Check QuestionQ1) What can a business interpret from a high labour turnover?Q2) Why may a business want high retention rates ?Q3) What is the formula for labour productivity
Formulas (compulsory)Labourproductivitylabour costs perunitEmployee costs asa percentage ofrevenueLabour turnoverand labourretentionTotal output per time periodNumber of employees atworkLabour costsUnits of outputNo staff leaving a yearAverage no of staffEmployee performance. Itinterprets the output perworker over a given timeperiod. Productivity directlyeffects profit margins anddecisions around pricingThe calculation takes intoaccount non-wage costssuch as national insuranceand therefore considers thefull cost of labour comparedto output.

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Term
Spring
Professor
N/A
Tags
labour cost, employee costs

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