AQA AS BUSS 2 key terms for Measuring the effectiveness of the workforce Watch
Labour turnover: the proportion of employees leaving a business over a period. Rate of labour turnover = number leaving business / average no. employed x 100
Absenteeism: The proportion of employees not at work on a given day. Rate of absenteeism = no. of staff absent on 1 day / total no. staff x 100 Annual rate of absenteeism = total no. of days lost per year / total no. of days that could be worked x no. of employees x 100 Rate of absenteeism due to health+ safety = no. of working day lost per year due to health+ safety / total no. of possible working days per year x 100
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