A manager employed 100 workers at the beginning of an accounting period, and 120 workers at the end of the same period. During the period 50 employees voluntarily left their employment and 5 employees were terminated. What was this manager's overall employee turnover rate in the accounting period?

Question

Quizplus · Accepted Answer

The turnover rate is calculated based on the number of employees who left (voluntarily or were terminated) divided by the average number of employees during the period. Here, 50 employees left voluntarily and 5 were terminated, making it 55 employees who left. The average number of employees during the period is (100 + 120) / 2 = 110. Therefore, the turnover rate is (55 / 110) * 100% = 50%.

A Manager Employed 100 Workers at the Beginning of an Accounting