unit 6

Question 1

Labour turnover (%)

Answer 1

no’ of staff leaving / no’ of staff employed
X 100

Question 2

Retention rate (%)

Answer 2

no’ of employees remaind for whole period / no’ of employees at start of time period X 100

Question 3

Labour productivity

Answer 3

output over a period of time / no’ of employees

Question 4

employees cost (% of turnover)

Answer 4

employee costs / turnover X 100

Question 5

labour cost per unit

Answer 5

labour costs / units of output