Labour Turnover
Rate of employees leaving organization.
Formula
Labour Turnover (%) = (Number leaving ÷ Average number employed) × 100
Real World
Sports Direct faced high labour turnover rates reportedly exceeding 100% annually at its Shirebrook warehouse, linked to poor working conditions and zero-hours contracts.
Exam Focus
Always calculate labour turnover using the formula and interpret whether the rate is high or low relative to the industry before drawing conclusions.
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