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hi sir
at the start of the year a company employeed 2000 employees. during the year 400 employee left the company .At the end of the year were 2200 employed
what was the labour turnover rate for the year ?
formula replayment/ average employee/2
replayment = 1800/1900/2
=94%
but the anwer is 19….
how to do???
I don’t know what formula you are trying to use, but the correct formula is on page 34 of our free Lecture Notes.
If no employees had been replaced during the year then there would have been 2,000 – 400 = 1600 employees at the end of the year.
However, there were 2,200 at the end of the year and therefore all 400 must have been replaced (and extra ones taken on as well).The average number of employees during the year = (2000 + 2200) / 2 = 2,100.
Therefore the labour turnover ratio = 400 / 2,100 = 19.05%
400 is replacement? but the answer is 2000-400=1600 and then 2200-1600=600 replacement it isnt true?
If only 400 left then they can’t possibly replace more than 400!! They have replaced 400 (and then taken on an additional 200).
I don’t know where you found the question, but either you have copied the question wrongly or the answer is incorrect.
during start of the year company employed3200 worker
during the year 1720 left
at the end of the year were2000 worker employed3200+2000=5200/2
average =2600left number 3200-1720=1480
replace 2000-1480=520??
or replace 3200-1480=1720??which replace is correct?
They cannot have replaced all 1720 – it they had then there would be 3,200 workers at the end of the year!
The number replaced is 520.
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