Multiple choice

From the following data, find out the Labour Turnover by applying Replacement Method.

Number of workers on the payroll: At the beginning of the month - 600
At the end of the month - 800 During the month, 5 workers left, 20 persons were discharged and 80 workers were recruited. Of these, 10 workers were recruited in the vacancies of those who had left while the rest were engaged for an expansion scheme.

  1. 10%

  2. 2%

  3. 2.5%

  4. 1.42%

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

 It is 1.42%  Average Number of workers -( 600 + 800 ) / 2 = 700 workers   Computation of Labour Turnover by Replacement Method -    ( Number of workers replaced during period ) X 100    Average Number of workers during period       10 X 100 / 700 = 1.42%

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