3.6 business equations

Front

labour turnover =

Back

number of staff leaving / average number of staff x 100

Front

labour productivity =

Back

output per time period / number of employees

Front

employee costs as a % of turnover =

Back

employee costs / sales turnover x 100

Front

labour cost per unit =

Back

labour costs / units of output

Front

retention rates =

Back

number of employees serving for more than 1 year / average no. of staff x 100