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What You Need to Know About Your Labour to Revenue Ratio

Acorn Labs

You want the right talent in the right jobs for the right cost. But how do you know if the cost really is right? In this article, we'll take a look at the labour to revenue ratio, what it can tell you about your business, how to calculate it, and the best practices to optimise it for your business.

Ratio 52
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Research, Course Pricing, Free Images: ID Links 11/29/22

Experiencing eLearning

That doesn’t mean some other skills wouldn’t benefit from high-fidelity simulations, but it does support the idea that the lower cost simulations can still provide positive results. More time spent by the instructor and lower ratios = higher prices. Completion rates are 61% higher when online courses cost $200 or higher.

Images 362
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article thumbnail

What You Need to Know About Your Labour to Revenue Ratio

Acorn Labs

You want the right talent in the right jobs for the right cost. But how do you know if the cost really is right? In this article, we'll take a look at the labour to revenue ratio, what it can tell you about your business, how to calculate it, and the best practices to optimise it for your business.

Ratio 52
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How to Determine an Optimal HR to Employee Ratio

Acorn Labs

HR services are only as effective as their resources allow, and having an optimised HR-to-employee ratio helps deliver better efficiency in HR functions. We'll take a look at how to calculate the HR-to-employee ratio for your business and how you can determine the best number of HR people for your organisational needs.

Ratio 52
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How to Determine an Optimal HR to Employee Ratio

Acorn Labs

HR services are only as effective as their resources allow, and having an optimised HR-to-employee ratio helps deliver better efficiency in HR functions. We'll take a look at how to calculate the HR-to-employee ratio for your business and how you can determine the best number of HR people for your organisational needs.

Ratio 52
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Content/Practice Ratio?

Clark Quinn

So, I’d roughly (and generously) estimate that the ratio is around 80:20 for content: practice. The point is that I think our ratio should really be 50:50 if not 20:80 for content:practice. What ratios do you see? And what ratios do you think makes sense? Which many orgs aren’t doing yet.

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Balancing Quality and Speed in Rapid eLearning Content Development

Thinkdom

Additionally, by its very nature, it is required to be cost-effective in order for companies to develop eLearning content on the go. One can evaluate the cost to benefit ratio of a solution by measuring the results in terms of the time or effort saved.