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A firm monitors turnover. At beginning staff were 1600. During the year 860 left and 260 of these were replaced. What is the labour turnover rate??
You must have an answer in the same book in which you found the question, so in future ask about whatever it is in the answer that you are not clear about and then I will explain.
At the end of the year the number of staff was 1600 – 860 + 260 = 1,000.
Therefore the average number of staff was (1600 + 1000) / 2 = 1300.
So the turnover rate is 260/1000 x 100%
Have you not watched my free lectures on this?
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