Workforce flexibility Index. Total compensation paid to workers with a short-term contract compared to total compasentions paid to all workers.
ST contract workers: temps, subcontractors, consultants.
LT contract workers: payroll workers
Other resources: Machine, Process,...
Compare the RFI with your Market Flexibility Index to get a measurement of your agility.
A performance index for assessing the rapidity to change of a business. The index is a ratio of the variable costs to the fix costs. to provide a simple and quantitative measure to support decision.
A high RFI indicates that the business will adapt rapidly to market changes.
