Question
Calculate different labor turnover rates from the following information collected from the personnel department of Tailor manufacturing company for the month of January, 2008. You
Calculate different labor turnover rates from the following information collected from the personnel department of Tailor manufacturing company for the month of January, 2008. You are also required to find out the relationship among the labor turn over rate calculated by different methods:
1. Separation Rate Method
2. Replacement Rate Method
3. Flux Rate Method
No. of workers on 1st January ---- 950
No. of workers on 31st January ---- 1050
No. of workers left the factory in January ---- 10
No. of workers discharged in January ---- 30
No. of workers recruited in the month ---- 140
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