Labour turnover rate

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June 18, 2014 at 4:50 am #176927
Ashareen
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At the start of the year a company employed 2,000 employees.
During the year 400 employees left the company.
At the end of the year there were 2,200 employed.
What was the labour turnover rate for the year (to the nearest %) ?
June 18, 2014 at 7:30 am #176934
John Moffat
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400 left, but since at the end of the year there were more people employed in total it means that all 400 were replace.
The average number of employees was (2000 + 2200) / 2 = 2100.
So the labour turnover rate is 400/2100 = 19.05%
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