Labor cost Forums › FIA Forums › MA2 Managing Costs and Finance Forums › Labor cost This topic has 1 reply, 2 voices, and was last updated 10 months ago by Ken Garrett. Viewing 2 posts - 1 through 2 (of 2 total) Author Posts August 25, 2021 at 8:30 pm #632934 Isabella1 Topics: 33Replies: 15☆ In Labor turnover ratio = Replacement/(Opening labor+ Closing Labor). The closing labor includes labor after replacements? August 26, 2021 at 6:15 am #632959 Ken GarrettKeymaster Topics: 10Replies: 9977☆☆☆☆☆ Yes because closing numbers reflect both leavers and joiners….and I the bottom line in your question should be the average of opening and closing labour. Author Posts Viewing 2 posts - 1 through 2 (of 2 total) You must be logged in to reply to this topic. Log In Username: Password: Keep me signed in Log In