labor turnover
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Hansel Corporation provided the following data:
No. of employees at the beginning of the month 600
No. of employees at the end of the year 640
No. of employees resigned 40
No. of employees discharged 10
No. of employees replaced 20
Required: Calculate the labor turnover by applying three methods:
- Separation method
- Replacement method
- Flux method
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1. Formula for calculation of labor turnover by separation method
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