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Could u plz explain me how to calculate labour turnover rate.
Revolving Doors Inc had a staff of 2,000 at the beginning of 20X1 and, owing to a series of
redundancies caused by the recession, 1,000 at the end of the year. Voluntary redundancy was taken
by 1,500 staff at the end of June, 500 more than the company had anticipated, and these excess
redundancies were immediately replaced by new joiners.Have you watched the free lectures on Accounting for Labour?
How to calculate the labour turnover rate is explained in the lecture!The question tells you how many staff were replaced, and you should have no problem calculating the average number of staff. It is then simply using the formula that I explain in the lecture (and in the lecture notes).
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