0
Ratio analysis in HRM is the process of determining future HR demand by computing an exact ratio between the specific business factor and the number of employees needed. It thus provides a more precise estimate than trend analysis. For instance, the demand for professors at a university could be forecast on the basis of the student-faculty ratio. Suppose that a university has 10,000 students and 500 professors; the student-faculty ratio is thus 10,000:500 or 20:1. This ratio means that for every 20 students, the university needs 1 professor. If the university anticipates a student enrollment increase of 1,000 for next year, it would need to hire 50 (1000/20) new professors. This is in addition to any hiring needed to fill vacancies from existing faculty who might leave in the meantime.
What else can I help you with?
What is ratio analysis and importance of ratio analysis in financial management?
what is ratio analysis
Management accounting ratio analysis along with ratio analysis formulas?
How dose the cost income ratio is calculated in the banking model?
What tools and techniques used in management Accounting?
The following tools and techniques are used in management accounting to assist management: (i) Analysis of Financial Statements. (ii) Ratio Analysis. (iii) Funds Flow Analysis. (iv) Cash Flow Analysis. (v) Cost Volume Profit Analysis, Different Cost Analysis, etc. (vi) Budgetary Control and Standard Costing. (vii) Management Reporting.
1.9 Describe the different functions of management accounting?
The functions of management accounting include: Budget control, ratio analysis, fund flow analysis and cash flow analysis. Management accountingâ??s main function is to collect accounting data which is useful for different managerial functions.
What are the scopes of financial ratio analysis?
scope of ratio analysis
Which term refers to a set of quantitative performance measures that human resource managers use to assess their operations?
ratio
What Tools and techniques used in financial management?
cost of capital,financial leverage,capital budgeting appraisal methods,ABC analysis,ratio analysis and cash flow statements.
What is the formulae for ratio analysis?
Ratio Analysis = Current Asset / Current Liabilities
What is the formula for calculating ratio analysis?
Ratio Analysis = Current Asset / Current Liabilities
What is meant by the term contribution margin ratio?
The term contribution margin ratio is the percentage of contribution over total revenue. It is used in cost-volume-profit analysis, a form of management accounting.
What is vm-vl ratio?
The VM-VL ratio, or Value Management to Value Loss ratio, is a financial metric used to assess the effectiveness of value management practices in an organization. It compares the value created through effective management strategies (VM) to the value lost due to inefficiencies or failures (VL). A higher ratio indicates better performance and efficiency in preserving or enhancing value, while a lower ratio suggests potential areas for improvement. This ratio is often utilized in project management and financial analysis to evaluate decision-making processes.
What are the advantage and disadvantages business ratio?
ratio analysis
