3.6.2 Interpreting Human Resource Data

Which of the following is NOT a figure that HR considers when making decisions?

• Labour productivity

• Labour turnover

• Absenteeism

• Marketing strategies

What is the formula for calculating Labour Productivity?

• Labour Productivity = Output per period / Number of employees

• Labour Productivity = Number of employees / Output per period

• Labour Productivity = Output per period * Number of employees

• Labour Productivity = Number of employees * Output per period

How can HR have a positive impact on labour productivity?

• By employing a diverse workforce and ensuring employees are engaged and motivated

• By reducing the number of employees

• By increasing the number of working hours

• By cutting down on employee benefits

What might HR do if labour productivity is decreasing?

• Reward employees with bonuses

• Increase salaries

• Offer bigger incentives or, in extreme cases, redundancies

• Hire more employees

Which of the following is a formula for calculating employee costs as a percentage of turnover?

• Employee costs as a % of turnover = Employee costs / Sales turnover * 100

• Employee costs as a % of turnover = Sales turnover / Employee costs * 100

• Employee costs as a % of turnover = Employee costs * Sales turnover / 100

• Employee costs as a % of turnover = Sales turnover * Employee costs / 100

What does labour cost per unit show?

• How much money the business has to pay employees to make one unit of output

• The total sales turnover of the business

• The number of employees in the business

• The total output of the business

What is the formula for calculating Labour Turnover (%)?

• Number of staff leaving / Average number of staff employed x 100

• Number of staff employed at end of period / Number of leavers x 100

• Number of staff employed at end of period - Number of leavers / Number of staff employed at end of period x 100

• Number of staff leaving / Number of staff employed at end of period x 100

Which of the following is an external cause of high labour turnover?

• Poor motivation of staff

• Low wages

• Changes in regional unemployment levels

• Lack of opportunities for promotion

What is one benefit of high staff turnover?

• Lack of loyal and experienced staff

• Firm loses staff it has trained

• Constant stream of new ideas through new staff

• Training costs money

What does a labour turnover of 0% indicate?

• No staff ever leave

• All staff are highly motivated

• The firm has high wages

• The firm has poor recruitment processes