Question

In an organization of 4000 employees, a foodservice department has 90 positions and 23 employees have been terminated and replaced in the last 12 months. What is the turnover rate for this period?

Answer 1

Answer:

The turnover rate for this period is 26%

Explanation:

In this question, we use the formula of turnover rate which is shown below:

Turnover rate = (Number of separations in a year ÷ total number of positions during the period × 100

where,

Number of separations involves termination and replaced employees, which means 23 employees have been terminated and replaced

And, the total number of positions during the period is 90 positions

Now put these values to the above formula

So, the answer would be equal to

= (23 employees ÷ 90 positions) × 100

= 0.25555 × 100

= 26%

Hence, the turnover rate for this period is 26%