ACCA MA · Chapter 5 · Question 1 of 10
During a year a company had 380 employees at the start and 420 at the end. 30 employees left, and 24 of these were replaced. What is the labour turnover rate?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) 6.0%
Explanation
Labour turnover = number of replacements / average number of employees x 100. Average employees = (380 + 420) / 2 = 400. Turnover = 24 / 400 x 100 = 6.0%. Using all 30 leavers would give 7.5%.
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