Question

A manager employed 100 workers at the beginning of an accounting period, and 120 workers at the end of the period. During the accounting 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?

Answer 1

Answer: 25%

Step-by-step explanation:

Employee turnover rate (ETR) = number of employees leaving/Average number of employees × 100

Number of employees leaving = 50 employees leaving voluntarily + 5 terminated employees = 55 employees

Average number of employees = 100 + 120 = 220 employees

ETR = 55÷220 × 100 = 25%

Therefore the Employee turnover Rate for the accounting period was 25%