Understanding HR Data: Labor Turnover, Productivity, and Absenteeism

The video tutorial discusses the importance of HR data in assessing employee performance and motivation. It covers three main HR data channels: labour turnover, labour productivity, and absenteeism. Labour turnover is analyzed in terms of its causes and effects on recruitment. Labour productivity is examined through factors like capital and motivation. Absenteeism is explored in terms of its impact on company costs and employee motivation. The video emphasizes the need for businesses to understand these metrics to improve HR management and overall business efficiency.

Why is it important for a business to understand its natural churn rate?

In what ways can a business measure the monetary cost of absenteeism?

What are some potential causes of high absenteeism rates in a workforce?