Over the past year,the company has a workforce of 500 employees.During that period,it hired 200 employees.What is the turnover rate?

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Quizplus · Accepted Answer

D)Turnover rate is the number of times on average that employees have to be replaced during a year.For example,if a company has 200 employees and 200 workers had been hired during the year,a 100 percent turnover rate would be experienced.As one might expect,a 100 percent rate is quite costly to the organization,and ways need to be found to reduce the rate.For this question,the turnover rate is calculated as 200 employees hired divided by the total number of employees (500),yielding a turnover rate of 40 percent.

Over the Past Year,the Company Has a Workforce of 500