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