Labour calculations

Human Resources:

Labour productivity: labour productivity is defined as output per worker:
Labour productivity = total output per period of time// average number of employees
Labour turnover: labour or stuff turnover is another measure of personal effectiveness. Labour turnover is the proportion of staff leaving a business over a period of time is measured by the formula:
Labour turnover =number of Staff left/average number of Staff in post during the period
Labour retention: labour retention the proportion of staff who stay in post
Labour retention= number of staff staying/ average number of Staff in post
Absenteeism: number of Staff absent
Absenteeism = number of Staff absent on a day/ total number of Staff employed
Strategies to increase productivity and retention and reduced turnover and absenteeism:
- Financial rewards:
- Employee share ownership

- Consultation strategies:
  - Pseudo consultation – managers inform employees
  - Classical consultation- employees are included via representatives
  - Integrative consultation- a joint decision is made between unions and management