Last year, Acme Global hired 25 customs brokers.At the end of the year, only 10 were still working for the organization.The organization's new hire turnover was ____ percent.

Question

Quizplus · Accepted Answer

The formula for calculating turnover rate is:

(Total number of separations during the year / Average number of employees during the year) x 100

In this case, the total number of separations is 25 - 10 = 15. The average number of employees would be (25 + 10) / 2 = 17.5 (assuming the turnover was evenly distributed throughout the year).

Plugging these numbers into the formula:

(15 / 17.5) x 100 = 85.7%

Therefore, the new hire turnover rate was 85.7%, which is closest to option C (60).

Last Year, Acme Global Hired 25 Customs Brokers