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Calculate the labour turnover rate according to Separation method from the following:
Number of workers in the beginning of the month: 500
Number of workers 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.
4.55%
1.82%
6%
3%
The formula of calculating labour turnover according to separation Method:
Number of workers separated during the period/Average number of workers x 100
Where,
Separated means workers left and discharged
Average number of workers=
Number of workers in the beginning of the period + Number of workers in the end of the period/2
In given problem, labour turnover= 25/550 x 100 = 4.55%
By: Vikas Goyal ProfileResourcesReport error
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