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FIGURE 21-3
-Refer to Figure 21-3. The simple multiplier could be measured by the ratio
Labour Costs
The total expenses incurred by a company for the compensation of its employees, including wages, benefits, and taxes.
Replacement Charts
Visual or tabular tools used in human resource planning to identify potential internal candidates for succession planning or replacing departing employees.
Current Jobholders
Individuals who are presently employed in a particular job, occupying a specific position.
Markov Analysis
A mathematical technique used for forecasting future occurrences based on current and historical data to identify likely transitions.
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