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Labour turnover rate

Forums › ACCA Forums › ACCA MA Management Accounting Forums › Labour turnover rate

  • This topic has 2 replies, 2 voices, and was last updated 10 years ago by Annah.
Viewing 3 posts - 1 through 3 (of 3 total)
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    Posts
  • February 2, 2015 at 5:18 pm #224869
    Annah
    Member
    • Topics: 4
    • Replies: 7
    • ☆

    Hii sir..
    i’m a bit confused with this answer..
    At the start of the year a company had 3200 workers employed. During the year 1720 workers left the company. At the end of the year there were 2000 workers employed.
    A. 46%
    B. 66%
    C. 20%
    D. 40%
    The answer given is 20%. i’m not being able to figure out my error. i’m getting 66%..
    can u show me how come the answer is 20%.
    Thanks in advance

    February 3, 2015 at 7:15 am #224930
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54696
    • ☆☆☆☆☆

    In future, if you want me to answer then you must ask in the Ask the Tutor Forum. This forum is for students to help each other.

    Over the year 1720 left, but the total number employed only fell my 1200.
    That means that 520 of the leavers were replaced.

    The average number of employees is (3200+2000)/2 = 2600

    So the turnover rate is 520/2600 = 20%

    February 3, 2015 at 8:59 am #224953
    Annah
    Member
    • Topics: 4
    • Replies: 7
    • ☆

    Ok sir next time i’ll take that into consideration..
    Thanks a lot sir its been of great help 🙂

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