\n\n A certain amount of turnover is unavoidable, but too much can ruin a company.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\u00a0<\/span><\/p>\nLabour turnover ratio (LTR) according to separation method<\/span><\/b><\/p>\n= <\/span><\/b>No. of separation workers \u00f7<\/span> Average No. of workers during the period \u00d7<\/span> 100<\/span><\/p>\n\u00a0<\/span><\/b><\/p>\nLabour turnover ratio (LTR) according to replacement method <\/span><\/b><\/p>\n= <\/span><\/b>No. of replaced workers \u00f7<\/span> Average No. of workers during the period \u00d7<\/span> 100<\/span><\/p>\n\u00a0<\/span><\/b><\/p>\nReplacement cost per employee ($<\/span>) \u00a0\u00a0\u00a0 = <\/span>Total replaced cost \u00f7<\/span> No. of workers replaced<\/span><\/p>\nPreventive cost per employee ($<\/span>) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 = <\/span>Total preventive cost \u00f7<\/span> No. of workers replaced<\/span><\/p>\n\u00a0<\/span><\/p>\nLabour turnover ratio (LTR) according to flux method (separation-cum-replacement method) <\/span><\/b><\/p>\n= (No. of separation workers + No. of replacement workers) \u00f7<\/span> Average No. of workers during the period \u00d7<\/span> 100<\/span><\/p>\n\u00a0<\/span><\/i><\/p>\nWhere:\u00a0 <\/span><\/i><\/p>\nAverage number of worker = (Beginning number + Ending number) \u00f7<\/span> 2 <\/span><\/i><\/p>\nEquivalent annual rate = Turnover % \u00d7 365 days \u00f7<\/span> No. of days in period <\/span><\/i><\/p>\n\u00a0<\/span><\/p>\n\u00a0<\/span><\/p>\n(A) Brief Answer Questions<\/span><\/b><\/p>\nLabour Turnover<\/span><\/b><\/p>\nHere, Amount = Rs = $ = \u00a3 = \u20ac = <\/span>\u20b9<\/span> = Af = <\/span>\u09f3 <\/span>= Nu = Rf = <\/span>\u0dbb\u0dd4<\/span> = Br = P = Birr = Currency of your country<\/span>\u00a0 <\/span><\/p>\nTU: 2072, Q: 7<\/span><\/b><\/p>\nThe following extracted particulars are provided:<\/span><\/p>\nAverage number of workers \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,000<\/span><\/p>\nCost of selection \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Rs 25,000<\/span><\/p>\nTraining cost \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Rs 20,000<\/span><\/p>\nMedical service \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Rs 30,000<\/span><\/p>\nCost of machine breakdown \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Rs 25,000<\/span><\/p>\nNumber of workers replaced \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 100<\/span><\/p>\nRequired: <\/span>Replacement cost per employee <\/b><\/span><\/p>\n[Answer: Rs 700]<\/span><\/i><\/p>\nSOLUTION\u00a0 <\/span><\/b><\/p>\nGiven and working note:\u00a0 <\/span><\/i><\/p>\nTotal replacement cost = Cost of selection + Training cost + cost of machine breakdown <\/span><\/i><\/p>\n= 25,000 + 20,000 + 25,000 <\/span><\/i><\/p>\n= Rs 70,000<\/span><\/span><\/i><\/p>\n\u00a0<\/span><\/p>\nReplacement cost per employee <\/span><\/b><\/p>\n= Total replacement cost \u00f7 Number of workers replaced <\/span><\/p>\n= Rs 70,000 <\/span>\u00f7 100 workers<\/span><\/p>\n= Rs 700<\/span><\/p>\n\u00a0<\/span><\/p>\n\u00a0<\/span><\/p>\nHere, Amount = Rs = $ = \u00a3 = \u20ac = <\/span>\u20b9<\/span> = Af = <\/span>\u09f3 <\/span>= Nu = Rf = <\/span>\u0dbb\u0dd4<\/span> = Br = P = Birr = Currency of your country<\/span>\u00a0 <\/span><\/p>\nTU: 2073, Q: 10<\/span><\/b><\/p>\nThe following particulars are extracted from the records of A Company:<\/span><\/p>\nBeginning and ending numbers of employees were 100 and 200 respectively<\/span><\/p>\nNumbers of employees quit and discharged were 20 and 10 respectively<\/span><\/p>\nEmployees replaced during the period were 20<\/span><\/p>\nRequired: Labour turnover rate under separation method<\/span><\/p>\n[Answer: 13.33%]<\/span><\/i><\/p>\nSOLUTION\u00a0 <\/span><\/b><\/p>\nGiven and working note:\u00a0 <\/span><\/i><\/p>\n |