3.5


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Human Resource Management Mind Map




👥 HUMAN RESOURCE MANAGEMENT



➡ Focus: improving workforce performance and efficiency





🔹 1. LABOUR PRODUCTIVITY




✅ What is it?



  • Measures output per worker

  • Shows how efficiently employees are working




🔢 How is it calculated?



\text{Labour Productivity} = \frac{\text{Output}}{\text{Number of Employees}}





📉 If LOW → HR improvements:



  • Training → improves skills and efficiency

  • Motivation (bonuses, incentives) → increases effort

  • Better technology → speeds up production

  • Improved management/leadership → clearer direction






🔹 2. LABOUR TURNOVER




✅ What is it?



  • Percentage of employees leaving a business over time




🔢 How is it calculated?



\text{Labour Turnover} = \frac{\text{Number leaving}}{\text{Average number employed}} \times 100





📉 If HIGH → HR improvements:



  • Increase pay / financial rewards

  • Improve working conditions

  • Career progression opportunities

  • Better recruitment (hire the right people)






🔹 3. LABOUR RETENTION




✅ What is it?



  • Ability of a business to keep employees



👉 (Opposite of labour turnover)





🔢 How is it calculated?



  • Not always a formula, but often:
    \text{Retention Rate} = 100\% - \text{Turnover Rate}






📉 If LOW → HR improvements:



  • Employee benefits (e.g. pensions, perks)

  • Job security

  • Training & development

  • Employee share ownership schemes






🔹 4. ABSENTEEISM




✅ What is it?



  • Measures how often employees are absent from work






🔢 How is it calculated?



\text{Absenteeism Rate} = \frac{\text{Days lost through absence}}{\text{Total possible working days}} \times 100





📉 If HIGH → HR improvements:



  • Flexible working

  • Better working conditions

  • Health & wellbeing support

  • Strong management / monitoring systems