Part A

Part B

Turnover Rate

1.      The metric indicates the average labour cost to the organization for each employee and is used to gain insight into how the labour costs are impacting organizational expenses and to track how these costs change over time.

Resignation Rate

2.      The metric means the rate at which an organization gains and loses employees. The low level may indicate that employees are generally satisfied, healthy, safe and performing satisfactorily.

Promotion Rate

3.      The rate at which an organization’s employees resigned as a percentage of all employees. It is essential to monitor this kind of activity in order to identify problems within the organization that are causing employees to leave.

Labour Cost Per Employee

4.      Employees promoted as a percentage of total number of employees. It is used in order to determine whether overall staff development work is creating a pipeline of capable talent which can sustain the organization over time.