Analysing human resource performance key terms

quantitative analysis

quantitative analysis is a Business concept used to analyse Calculate and interpret labour turnover, labour productivity, employee costs as a percentage of turnover and labour cost per unit.. A strong answer defines it, applies it to a named business context and explains the commercial consequence.

Human resource data

Human resource data should be judged by linking it to objectives such as profit, survival, growth, competitiveness, efficiency or customer satisfaction.

labour turnover

labour turnover affects stakeholders differently, so analysis should consider owners, managers, employees, customers, suppliers or investors before reaching a judgement.

labour productivity

labour productivity has a financial impact when it changes costs, revenue, profit, cash flow, investment return, break-even output or ratio interpretation.

employee costs

employee costs becomes evaluative when advantages, disadvantages, risk, opportunity cost and business context are weighed rather than listed separately.

Human resource data

Human resource data is a Business concept used to analyse Use human resource data for human resource decision making and planning.. A strong answer defines it, applies it to a named business context and explains the commercial consequence.

human

human should be judged by linking it to objectives such as profit, survival, growth, competitiveness, efficiency or customer satisfaction.

resource

resource affects stakeholders differently, so analysis should consider owners, managers, employees, customers, suppliers or investors before reaching a judgement.

data

data has a financial impact when it changes costs, revenue, profit, cash flow, investment return, break-even output or ratio interpretation.

decision

decision becomes evaluative when advantages, disadvantages, risk, opportunity cost and business context are weighed rather than listed separately.