What is the percentage of turnover?

The turnover percentage is the calculation of the rate or the amount of change and is usually used on the changing level of employees in the organization, but the types of turnover may also include how often the portfolio in the fund changes or the level of change in the chemical reaction. The numbers occurred in the calculation of the percentage of turnover, somewhat subjective. In its simplest form, it is representation of how much new element it reflects the volume of the whole. An example would be a company employing 100 people who lost 12 individuals for different factors during the year. In this case, 12 employees are divided by 100 equal to 12% turnover. This percentage is used to quantify the degree of workforce change, but only provides Basic understanding the employee turnover process.

Calculations for employee turnover become more complex if the total number of employees is not permanently maintained over time. Other factors also alleviate the raw value of numbers such as subcategoryIE employees who are either full or part -time, administration or work, or a contract versus permanent employment. Long -term degrees of absence due to sick leave, paid leave or absence due to personal problems of employees can also make it difficult for to acquire a real view of what is the basic cause for a relatively high level of employee turnover.

Some high -turnover industries include fast food production and retail sales, where the environment moves rapidly, pays relatively low wages and normally employs young people who do not have to be dependent on their survival. The low -turnover industry is included in nucacturing and public services, who often represent families of families where workers have good reward and benefits and relatively stable positions in society. A employment survey in 2007 found that the average business turnover was 12.3%, with the highest level of hospitality to 21.3%and the lowest in public services to 6.5%.

comparable calculations in other commercial arenas are also often performed for percentage of turnover. Investments in stock funds for mutual or bonds are evaluated by calculating the percentage of turnover in terms of how the funds in the fund changed last year. The turnover rate is calculated first by determining the smaller two factors: the assets sold or assets purchased within one year. The lower value is divided by the Portfolio of the entire Fund per month to achieve the percentage of turnover. However, as in employees turnover, the percentages may be misleading and the investment fund that shows a turnover rate exceeding 100%does not necessarily reflect the fact that the fund manager is involved every day in the management of his assets.