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.

What is labor turnover and how is it calculated?

• The rate of employee satisfaction; calculated by dividing satisfied employees by total employees.

• The rate at which employees are promoted; calculated by dividing promotions by total employees.

• The rate at which employees leave a company; calculated by dividing the number of leavers by the average number of employees, multiplied by 100.

• The rate of new hires; calculated by dividing new hires by total employees.

Which of the following is NOT a method to reduce labor turnover?

• Offering share option schemes

• Increasing workload without compensation

• Introducing rewards and perks

• Providing training and development

How is labor productivity measured?

• By dividing total hours worked by the number of employees

• By dividing total sales by the number of employees

• By dividing total revenue by the number of employees

• By dividing units produced by the number of employees

Which factor does NOT directly affect labor productivity?

• Broadband speed

• Employee motivation

• Quality of machinery

• Employee's favorite color

What is absenteeism and how is it calculated?

• The number of days employees work overtime; calculated by dividing overtime days by total days worked.

• The number of days employees take vacation; calculated by dividing vacation days by total days worked.

• The proportion of days lost due to unauthorized absences; calculated by dividing days off by total days worked, multiplied by 100.

• The number of days employees are late; calculated by dividing late days by total days worked.

What can high absenteeism rates indicate about a workforce?

• High levels of motivation and commitment

• Low levels of stress and health issues

• Potential issues with motivation and stress

• Excellent work-life balance

Which strategy is NOT effective in reducing absenteeism?

• Offering perks and rewards

• Monitoring staff well-being

• Ignoring absenteeism trends

• Implementing new policies for commitment