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Q.(i) What do you mean by Labour Turnover ?

ChseodishaCHSE Odisha Plus Two (Class 12) Commerce Board 2024Subjective· 2mImportance★★★★★est
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Labour turnover = the rate at which employees leave and are replaced, shown as a percentage of the average workforce.

Labour turnover measures how fast the composition of the labour force changes over a period. It is computed by any of these methods:

  • Separation method = (No. of separations ÷ Average no. of workers) × 100
  • Replacement method = (No. of replacements ÷ Average no. of workers) × 100
  • Flux method = (No. of separations + No. of replacements ÷ Average no. of workers) × 100 …

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