Labour turnover rate

This topic has 1 reply, 2 voices, and was last updated 11 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
June 18, 2014 at 4:50 am #176927
Ashareen
Member
- Topics: 8
- Replies: 14
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
Keymaster
- Topics: 57
- Replies: 54856
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%
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.