Business- fung- formulas Flashcards
1
Q
Labour turnover
A
no of employees leaving over a given period /
average number employed over a period of time X100
2
Q
Retention rates
A
no of employees with 1 or more years service/
overall workforce numbers X100
3
Q
Labour productivity
A
output per period /
number of employees per period
4
Q
Labour costs per unit
A
total labour costs/
total units of output
5
Q
Employees costs as a % of turnover
A
employee costs/
sales turnover X100
