Question

During one year a 100 unit facility with 90 employees experienced 25 resignations and had to discharge 10 employees. What was the annual employee turnover rate?

Answer 1

Answer:

38.89%

Step-by-step explanation:

Since we know that turnover means replacing an employee with another employee. Turnover can be result of termination, retirement, death or resignation.

We are told that during one year a 100 unit facility with 90 employees experienced 25 resignation and had to discharge 10 employees. We can see that unit has 35 turnover.    

Now let us find annual employee turnover rate using our given information.

$\text{Annual turnover rate}=\frac{\text{Employees left}}{\text{Total employees}}$

$\text{Annual employee turnover rate}=\frac{35}{90}*100$

$\text{Annual employee turnover rate}=.38888*100$

$\text{Annual employee turnover rate}=38.888%$

Therefore, annual employee turnover rate will be 38.89%.