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Calculate the labour turnover rate according to Separation method from the following:
Calculate the labour turnover rate according to Separation 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 Of these, 10 workers were recruited in the vacancies of those leaving and while the rest were engaged for an expansion scheme
Answer & Solution
Correct Answer:
Option
A
Separation method = No of worker separated during the period/Average no of workers at same period × 100
No of worker separated during the period = 25
Average no of workers = (500+600)/2= 550
∴25/ 550 × 100
=4.55%
No of worker separated during the period = 25
Average no of workers = (500+600)/2= 550
∴25/ 550 × 100
=4.55%
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Login25×100/550 = 4.55