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Question 33 of 81

Q.What is labour turnover?

ChseodishaCHSE Odisha Plus Two (Class 12) Commerce Board 2020Subjective· 2mImportance★★★★★est
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Labour turnover measures how fast workers leave and are replaced, as a percentage of the average workforce.

Labour turnover is the movement of workers into and out of an organisation during a period. A high turnover increases recruitment, training and spoilage costs, so it is watched closely. It is commonly measured by:

  • Separation method = (Number of separations / Average number of workers) x 100
  • Replacement method = (Number of workers replaced / Average number of workers) x 100 …

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