Interpreting human resource data Flashcards
(6 cards)
1
Q
Why is human resource data analysed before making decisions?
A
To make more informed, evidence-based choices about the workforce.
2
Q
What is the formula for labour turnover?
A
No. of staff leaving / average no. of staff employed x 100
3
Q
What are external causes of labour turnover?
A
Better job opportunities elsewhere
Relocation
4
Q
What are internal causes of labour turnover?
A
Low wages
Lack of opportunities for promotion
5
Q
What are benefits of high staff turnover?
A
New ideas shared through new staff
Staff may already be trained
6
Q
What are drawbacks of high staff turnover?
A
Lack of experienced staff
Training costs money
