Learn how to calculate your annual work hours, understand your productivity, and improve work-life balance.
including the ability to calculate the weeks or quarters between two dates. Depending on the type of system you are building, that type of calculation may be essential, and although you can certainly calculate it yourself, it is always nice to have your...
Learn about factor analysis - a simple way to condense the data in many variables into a just a few variables.
When employees leave your company, it can be a big blow to the organization’s overall productivity, morale, and finances. Learn more in this guide!
Advanced Plus-Minus, the next step in the calculation, seeks to balance these considerations. It weights Relative Plus-Minus based on the number of distinct polling firms20 that surveyed the same race, then treats Simple Plus-Minus as equivalent to three polls. For example, if six other pollin...
Several studies suggest that something similar is happening outside manufacturing: Americans are spending more time at work than they did 20 years ago. Executives and lawyers boast of 80 hour weeks. On holiday, they seek out fax machines and phones as eagerly as Germans bag the best sun-lounge...
Understanding the concept of Customer Acquisition Cost (CAC) and its proper calculation is really important for businesses striving to refine their marketing strategies. Here I have given some of the examples that demonstrate the methodologies companies from different industries employ to calculate CAC an...
version’s buttons feel more premium, however they are harder to press and not as responsive when keying in data. If you use this for hours, you can’t really afford to constantly check if data has been entered correctly. This can present quite an unnecessary source of calculation mistakes....
Nondiscretionary bonuses should be included in the calculation of time and a half pay. Here’s an example of how you can compute the overtime pay with a bonus. For example, John earns $12 an hour, worked 48 hours this week, and received a bonus of $20 for perfect attendance. Here’...
The calculation for productivity is straightforward: divide the outputs of a company by the inputs used to produce that output. The most regularly used input islabor hours, while the output can be measured in units produced or sales.