Question

You are required to compute the labor turnover using different methods of labor turnover measurement from the following information provided for Manas Ltd. for the month of December 2022.Total workers in the beginning of the month were 3800, whereas at the end of the month were 4200. During the month, 50 workers left the firm on account of their own problems while 80 workers were discharged. 560 workers were engaged during the month in various departments. But out of them, only 60 were appointed

Answer 1

To compute the labor turnover, you can use different methods such as labor turnover rate, separation rate, replacement rate, and net turnover rate. Using the given information for Manas Ltd., you can calculate these rates.

Step-by-step explanation:

To compute the labor turnover, we can use different methods of labor turnover measurement:

1. Labor Turnover Rate = (Number of employees left / Average number of employees) x 100
2. Separation Rate = (Number of employees left / Average number of employees) x 100
3. Replacement Rate = (Number of new employees hired / Average number of employees) x 100
4. Net Turnover Rate = ((Number of employees left - Number of new employees hired) / Average number of employees) x 100

Using the information provided for Manas Ltd. for December 2022, we can calculate the labor turnover rates:

• Labor Turnover Rate = ((50 + 80) / ((3800 + 4200) / 2)) x 100
• Separation Rate = ((50 + 80) / ((3800 + 4200) / 2)) x 100
• Replacement Rate = (60 / ((3800 + 4200) / 2)) x 100
• Net Turnover Rate = (((50 + 80) - 60) / ((3800 + 4200) / 2)) x 100