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accounting labour-labour turnover

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › accounting labour-labour turnover

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • February 26, 2015 at 2:17 pm #230343
    Molly Sum
    Participant
    • Topics: 39
    • Replies: 53
    • ☆☆

    A company had 500 worked at the start of a period. During the period,70 workers left the company for various reasons and 46 new workers were employed.

    what is the labour turnover rate for the period ( to the nearest %) ?

    please correct my calculation :

    opening 500
    less : left 70
    430
    add : 46
    closing 476

    my answer : 46 / 500+476 /2 = 46/488 = 0.094262 x100 = 9%
    (I take 46 because is subject to the lower off / the rate should kept as low as possible?)

    500-476=24 is total for employed for this question ? my way to find total employed whether is correct?

    thank you.

    February 26, 2015 at 2:29 pm #230349
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54716
    • ☆☆☆☆☆

    Your answer of 9.43% is correct.

    (24 is not the total employed!! It is the fall in the total number employed over the year.)

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