3.5 Assessing competitiveness Flashcards
(5 cards)
1
Q
2 things to know about statement of comprehensive income (profit and loss account)
A
key information
stakeholder interest
2
Q
2 things to know about statement of financial position (balance sheet)
A
key information
stakeholder interest
3
Q
2 ratio analysis calculations
A
gearing ratio
ROCE
4
Q
3 calculations to help make business decsions
A
- labour productivity
- labour turnover and retention
- absenteeism
5
Q
4 HR strategies to increase productivity and retention + reduce turnover and absenteeism
A
- financial rewards
- employee share ownership
- consultation strategies
- empowerment strategies
