HRM Formula

• Labor turnover calculation

  Number of staff leaving the business divided by number of staff employed by a business times by 100
• Retention rates calculation

  Number of employees that have remained for a given period of time divided by number of employees at the start of that period times by 100
• Labor productivity calculation


  Output over a time period divided by the number of employees
• Employee costs as a percentage of turnover calculation


  Employee costs divided by turnover times by 100
• Labor cost per unit calculation

  Labor costs divided by units of output