Good day,
" A company has 4000 staff at the start of the year & at the end this had reduced to 3800 due to redundancies being made. 210 staff took voluntary redundancy which was 10 more than the company had anticipated & these 10 employees were replaced."
The question above asked for the labour turnover rate, however, my query is, when beginning of year employee = 4000 & end of the year it reduced to 3800, why wasn't the amount of reduction not used to solve the replacement of total employees?
ACCA Forums
MAAccounting for Labour
personally i am not sure why but if you go back to your notes and the definition of labour turnover it will help you... did you calculate and get the answer for the question
@ lloyd
Yeah i did calculate to get the answer, i just came across a similar type of scenario where i had to subtract the beginning & ending year staff figure, and I thought this question may be related to that question.
Anyway, thx.
ok buddy
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