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Forums › FIA Forums › MA1 Management Information Forums › Labour
What is the labour turnover ratio formulae ?
no. of employees left / average employees
Average employees means
(Opening employees + Closing employees) ÷ Total employees ?!?!?
(opening + closing)/2
Opening employees who came in and closing employees who are still working ?
closing = number of employees at year end
opening=number of emp at start of year
Thank you so much sir.
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