Employees choose to leave a company for many reasons and some employees leave for involuntary reasons. Calculating turnover rates to quantify employee departures by reason can help companies identify possible weaknesses in their work practices or company culture. For instance, significant turnover resulting from mediocre performance should prompt a company to review its selection and training practices. Valued employees may leave the company for other jobs to enhance career advancement or compensation. For example, a compensation survey will reveal the competitiveness of pay and benefits offerings relative to the competition, possibly shedding light on those departures.

Companies calculate turnover rates for a desired reference period (e.g., monthly, quarterly, annually) based on the following information: (a) the number of workers leaving during the chosen reference period and (b) average number of workers employed during the reference period. The turnover rate is calculated as: a/b. Use the data in the table to calculate turnover rates for the questions that follow

		Involuntary		Voluntary	Total
	Average Number of Employees		Poor Performance	Work Rule Violation	At Will Termination		New Job	Return to School	Stay-at-Home Parent
First quarter
January	1,750		33	11	20		30	40	1
February	1,725		15	4	0		10	0	0
March	1,770		1	2	0		35	0	0
Average number of employees	1,748
Second quarter
April	1,755		20	3	0		10	0	6
May	1,715		30	10	25		39	32	11
June	1,775		3	0	0		4	0	3
Average number of employees	1,748
Third quarter
July	1,740		11	13	20		10	0	5
August	1,695		1	2	35		0	15	3
September	1,685		2	3	0		11	0	1
Average number of employees	1,707
Fourth quarter
October	1,630		24	1	15		23	0	7
November	1,615		20	0	0		1	0	1
December	1,605		0	0	0		2	10	2
Average number of employees	1,617
Annual turnover by reason (number of employees)			160	49	115		175	97	40

1. The overall turnover rate for (Round your answers to the nearest hundredths place.)

(a) first quarter:

(b) second quarter:

(c) third quarter:

(d) fourth quarter:

2. The total annual turnover rate: (Round your answers to the nearest hundredths place.)

3. The annual Involuntary Termination Rate: (Round your answers to the nearest hundredths place.)

4. The annual Voluntary Termination Rate: (Round your answers to the nearest hundredths place.)

5. Which rate is higher?

A.Voluntary Termination Rate

B.Involuntary Termination Rate