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Business_A-level_Cie

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  1. business-and-its-environment

    enterprise
    6 主题
  2. business-structure
    6 主题
  3. size-of-business
    3 主题
  4. business-objectives
    3 主题
  5. stakeholders-in-a-business
    2 主题
  6. external-influences-on-business
    12 主题
  7. business-strategy
    10 主题
  8. human-resource-management
    human-resource-management-hrm
    8 主题
  9. motivation
    4 主题
  10. management
    2 主题
  11. organisational-structure
    5 主题
  12. business-communication
    5 主题
  13. leadership
    2 主题
  14. human-resource-strategy
    3 主题
  15. marketing
    the-nature-of-marketing
    7 主题
  16. market-research
    3 主题
  17. the-marketing-mix
    6 主题
  18. marketing-analysis
    5 主题
  19. marketing-strategy
    3 主题
  20. operations-management
    the-nature-of-operations
    3 主题
  21. inventory-management
    2 主题
  22. capacity-utilisation-and-outsourcing
    1 主题
  23. location-and-scale
    2 主题
  24. quality-management
    1 主题
  25. operations-strategy
    4 主题
  26. finance-and-accounting
    business-finance
    2 主题
  27. sources-of-finance
    3 主题
  28. forecasting-and-managing-cash-flows
    1 主题
  29. costs
    4 主题
  30. budgets
    1 主题
  31. financial-statements
    4 主题
  32. analysing-published-accounts
    6 主题
  33. investment-appraisal
    2 主题
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Measurement of employee performance

  • The effectiveness of a business’s workforce can be measured in a number of ways, including

    • Labour productivity

    • Absenteeism

    • Employee costs as a percentage of turnover

  • These metrics are compared over time, between functional areas, branches or outlets, or against competitors

  • They can provide the basis for workforce planning and performance management

1. Labour productivity

  • Labour productivity measures output per worker during a specified period of time

    • It is expressed as a number of units and calculated using the formula

Labour space turnover space equals space fraction numerator Number space of space staff space leaving space cross times space 100 over denominator Average space number space of space staff end fraction

  • Businesses aim to increase the level of labour productivity to improve competitiveness

Higher labour productivity improves businesses competitiveness
Higher labour productivity improves businesses competitiveness

Worked Example

The table shows the number of pairs of luxury wool socks produced by StrumpMani in 2023 and 2024

Year

Units Produced

2023

46,000

2024

69,000

In 2023 StrumpMani employed 50 staff. In 2024 the number of staff employed by the business increased by 20%

Calculate the percentage change in labour productivity between 2021 and 2022.

[4]

Step 1 – Calculate labour productivity for 2023

equals space fraction numerator 46 comma 000 space units over denominator 50 space workers end fraction space space space space space equals space 920 space units space per space worker space (1)

 Step 2 – Calculate labour productivity for 2024

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