HR equations
labour turnover
rate at which employees are leaving a business
labour turnover equation
number leaving / staff employed x100
labour productivity
a measure of output per worker in volume or value
labour productivity equation
total output / number of employees x100
labour cost per unit
average cost of labour per unit of output produced
labour cost per unit equation
total labour costs / total output x100
employee cost of a percentage of turnover
the percewntagew of an organisations revenue that is spent on the renumeration of staff
employee cost of a percentage of turnover equation
employee cost / sales revenue x100