Decision Making to Improve HRM Performance: Calculating HR Data - Labour Turnover

Flashcards covering the definition, formula, and calculation examples of Labour Turnover based on the provided lecture notes.

What is Labour Turnover?

Labour Turnover is the percentage of the workforce (employees) that leave a business within a given period, usually a year.

What is the formula for calculating Labour Turnover?

Labour Turnover = (Number of workers leaving during a period / Average number employed during period) x 100

Early Risers Ltd had 15 employees leave and an average of 80 staff employed. What was their labour turnover?

18.75%

If a business has 150 leavers during the year and an average of 2,000 employees, what is the Labour Turnover?

7.5%

A restaurant had a labour turnover of 30% with 12 employees leaving. What was the average size of its workforce?

40 employees

A business had 22 leavers in Year 1 from an average of 40 workers. If the number of leavers increased by 6% in Year 2, what was the labour turnover for Year 2?

58.3%

A struggling business started with 220 employees. 24 left during the year and were not replaced. Calculate the firm's labour turnover.

11.54%