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accounting labour-labour turnover

MSMolly Sum11y ago
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.
John MoffatJohn MoffatTutor11y ago#1
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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