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labor turnover rate

This topic has 3 replies, 3 voices, and was last updated 9 years ago by John Moffat.

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December 3, 2015 at 10:45 pm #287369
zanika
Participant
- Topics: 5
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Hello sir,
Though I passed F2 but just wondering whether my answer is right or not?
Would you kindly help?
Q: At the start of the year employee were 1600, during the year 860 were leaving and 260 employees are in replacement. So what would be the labor turnover rate?
What I did was:
start of the year :1600
End of the year : (1600-860)= 740
Average number of the employee = (1600+740)/2 = 1170
Therefore, 260/1170 *100 = 22.22%
Is it the correct answer or not?
December 4, 2015 at 8:14 am #287426
John Moffat
Keymaster
- Topics: 57
- Replies: 54705
Not quite.
If they started with 1,600 and 860 left but 260 were replaced, then it means that end of the year there were 1,000 (1,600 + 860 – 260) and therefore the average number of employees = (1600 + 1000) / 2 = 1,300
Otherwise OK 🙂
December 16, 2015 at 6:46 am #291936
ling960504
Member
- Topics: 11
- Replies: 8
At the start of the year employee were 3200, during the year 1720 were leaving .At the end 2000employees are employed. So what would be the labor turnover rate?
December 16, 2015 at 8:40 am #291960
John Moffat
Keymaster
- Topics: 57
- Replies: 54705
There are 1,200 fewer employees at the end of the year than there were at the start of the year.
So 1,720 – 1,200 = 520 of those leaving were replaced.
The average number of employees is (3,200 + 2,000) / 2 = 2,600
So the turnover rate = 520 / 2,600 = 20%
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