LABOUT TURNOVER RATIOS

Meaning of Labour Turnover

Labor turnover is a metric that measures how often employees leave and join a company over a given period of time. It's usually calculated as a percentage and can be differentiated between annual and monthly calculations. 

Interpretations of Labour Turnover

High percentage of labour turnover denotes that labour is not stable and there are frequent changes in the labour force because of new workers engaged and workers who have left the organisation. A high labour turnover is not desirable.

The formula

Labor turnover = (number of employee departures / average number of employees) x 100 

 

 Methods of Calculating Labour Turnover Ratio



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