Question

At Piaffe Products, 15 employees quit and an additional 10 were fired for poor performance this year. The mid-year employee count was 50. Piaffe's turnover rate for the year was __________.

A) 50%
B) 30%
C) 50.5%
D) 45%

Answer 1

The turnover rate at Piaffe Products is calculated by dividing the number of employees who left (25) by the mid-year employee count (50), and then multiplying by 100, resulting in a turnover rate of 50%. The correct answer is A) 50%.

Step-by-step explanation:

The student is asking about the calculation of the turnover rate at Piaffe Products. To calculate the turnover rate, you need to divide the total number of employees who left the company, whether through quitting or being fired, by the mid-year employee count, and then multiply the result by 100 to get the percentage.

In this scenario, 15 employees quit and an additional 10 were fired, totaling 25 employees who left the company. The mid-year employee count was 50. Thus, the turnover rate would be calculated as follows:

Turnover Rate = (Total Number of Employees Who Left / Mid-Year Employee Count) × 100
Turnover Rate = (25 / 50) × 100
Turnover Rate = (0.5) × 100
Turnover Rate = 50%

Therefore, the correct answer is A) 50%.