Calculate the labour turnover rate according to replacement method from the following:
No of workers on the payroll:
- At the beginning of the month: 500
- At the end of the month: 600

During the month, 5 workers left, 20 workers were discharged and 75 workers were recruited Ofthese, 10 workers were recruited in the vacancies of those leaving and while the rest were engaged for an expansion scheme

A. 4.55%

B. 1.82%

C. 6%

D. 3%

Answer: Option B

Solution(By Examveda Team)

Replacement method = No of worker replaced during the period/Average no of workers at same period × 100
No of worker replaced during the period = 10
Average no of workers = (500+600)/2= 550
∴10/ 550 × 100
=1.82%