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Measuring the Effectiveness of the Workforce In this topic you will learn about:
Calculators needed!
Labour Turnover
Labour turnover
Labour turnover (staff turnover) can be defined as the rate of change in a firms labour force.
You need to know the following formula: Number of staff leaving x 100 Total Number of staff
Labour turnover
Worked example:
A car firm has 1000 full time employees in 1 year Of these, 50 employees leave the company What is the labour turnover for the company?
Using
the formula :
50 1000
x 100 =
5%
What are the advantages of labour turnover? What are the disadvantages of labour turnover?
Labour turnover
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Labour Productivity
Labour Productivity
1.
2.
You need to know the following formula: Total value of Output Total Number of workers
Labour productivity
Worked example:
A car firm produces 100 000 cars per year It has a labour force of 1000 workers What is the labour productivity (output per worker) Using the formula then:
100 000 1000
= 100 cars per worker
You will also need to be able to calculate the financial aspect of labour productivity:
Labour Productivity cost per unit =
= Total Labour Cost Number of units produced
Labour Absenteeism
Absenteeism
Absenteeism can be defined as the number of staff who miss work as a proportion of the total number of staff
You can use the following formula
Number of staff absent per time period x 100 Total number of staff days worked per time period
Absenteeism
Worked example:
A car firm has 1000 full time employees Of these, 40 employees did not turn up for work on a Friday What is the absenteeism rate for that Friday Using the formula then: 40 x 100 = 4% 1000
Labour turnover
Labour Productivity
Labour productivity per worker
Absenteeism
Total value of Output Total Number of workers Labour cost per unit = Total Labour Cost Number of units produced
Number of staff absent per time period x 100 Total number of staff days worked per time period
Your Task
Worksheet task
1.Labour Turnover for a double glazing company. It introduced a new training programme and bonus scheme in Year 2.
Year 1
Year 2
Year 3
Year 4
42
3 1,500,000 948,000 5
41
6 1,300,000 951,200 6
42
2 1,600,000 948,600 2
43
2 1,800,000 962,400 1
Questions.
Calculate the labour turnover for each year. ( 5 marks; 1 for formula and 1 x 4 per calculation)
Calculate the labour productivity per year, using the output per employee formula. . ( 5 marks; 1 for formula and 1 x 4 per calculation)
Calculate the labour productivity using labour costs per unit method. . ( 5 marks; 1 for formula and 1 x 4 per calculation)
Calculate the percentage absenteeism rate for years 1 4. . ( 5 marks; 1 for formula and 1 x 4 per calculation) How has the new training programme and bonus scheme affected the performance of labour in the company? (10 marks; C = 3 A = 4 E = 3)
Homework.