What is the formula for one year employee turnover?

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What is the formula for one year employee turnover?

eg. company had 24 people start of 2006, 46 people ended 2006, 9 people came and left in 2006

what would the turnover rate be?

2007-02-15 05:00:10 · 1 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment

1 answers

The turnover rate would be .257 or 25.7%

Use the avearge # of employees for the year.

46-24=22 added 22/2=11

Add the 11 to the 24 = 35

9 that left 9/35 = .2571

2007-02-15 05:05:58 · answer #1 · answered by Ronatnyu 7 · 0⤊ 0⤋