A business had 30 000 employees in 2019. Its staff numbers increased by 25% in 2020. In 2020, 3000 employees left the business.
Calculate the labour turnover for this business in 2020.
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Exam code: 7131
A business had 30 000 employees in 2019. Its staff numbers increased by 25% in 2020. In 2020, 3000 employees left the business.
Calculate the labour turnover for this business in 2020.
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Read the source in the Insert.
To what extent should the directors of Parkside Theatre be concerned about poor staff retention figures in the ‘Our Place’ section of the business? Justify your view.
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A business had a labour turnover of 15% in 2017 and 25% in 2018. Explain the likely impact of this change in labour turnover on its recruitment costs.
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In 2016, a business had 120 employees. Its total labour costs were £2.7 million. In 2017 its labour costs increased by 3%. The number of employees remained the same. Its labour costs per employee in 2017 were
£21 845
£22 500
£23 175
£29 250
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