Question 78 of 81
Q.(i) What do you mean by Labour Turnover ?
ChseodishaCHSE Odisha Plus Two (Class 12) Commerce Board 2024Subjective· 2mImportance★★★★★est
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Start your 14-day free trial to unlock the full solution →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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