Hello,
I have calculated turnover in the table below. The average turnover per year is 1.55, and the sum for the whole year is 18.63.
My question is: when someone asks me, "What is your company's turnover?" which figure should I state?
Emp hire fire total turnover
1st-Jan 500 5 7 498 1.40 End of Jan turnover
1st-Feb 498 6 3 501 0.60 End of Feb turnover
Mar 501 11 33 479 6.59
Apr 479 15 23 471 4.80
May 471 3 2 472 0.42
Jun 472 3 2 473 0.42
Jul 473 5 2 476 0.42
Aug 476 6 3 479 0.63
Sep 479 5 2 482 0.42
Oct 482 0 12 470 2.49
Nov 470 22 2 490 0.43
Dec 490 22 0 512 0.00
Average: 1.55 Sum: 18.63
Thanks,
Saber
From Saudi Arabia, Riyadh
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I have calculated turnover in the table below. The average turnover per year is 1.55, and the sum for the whole year is 18.63.
My question is: when someone asks me, "What is your company's turnover?" which figure should I state?
Emp hire fire total turnover
1st-Jan 500 5 7 498 1.40 End of Jan turnover
1st-Feb 498 6 3 501 0.60 End of Feb turnover
Mar 501 11 33 479 6.59
Apr 479 15 23 471 4.80
May 471 3 2 472 0.42
Jun 472 3 2 473 0.42
Jul 473 5 2 476 0.42
Aug 476 6 3 479 0.63
Sep 479 5 2 482 0.42
Oct 482 0 12 470 2.49
Nov 470 22 2 490 0.43
Dec 490 22 0 512 0.00
Average: 1.55 Sum: 18.63
Thanks,
Saber
From Saudi Arabia, Riyadh
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Hi Saber,
You are to state the average of the whole year, that is 18.63% in your case. Besides, you can state a 1.55% monthly turnover as nowadays it is considered better to calculate turnover in months.
Let's examine: If you say your turnover is 1.55%, it will mean 500 or 512/100 x 1.55 = about 8 employees are leaving the company. This could be stated for only a month and does not seem correct for the whole year.
Apart from that, if you say your turnover is 18.63%, it will mean 500 or 512/100 x 18.63 = about 95 employees left the company within 1 year. This is what your table is showing. Remember, the higher the turnover, the more employees are leaving the company.
For more information about turnover calculations, please read the attached document.
Regards,
Rashid
From Saudi Arabia, Riyadh
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78You are to state the average of the whole year, that is 18.63% in your case. Besides, you can state a 1.55% monthly turnover as nowadays it is considered better to calculate turnover in months.
Let's examine: If you say your turnover is 1.55%, it will mean 500 or 512/100 x 1.55 = about 8 employees are leaving the company. This could be stated for only a month and does not seem correct for the whole year.
Apart from that, if you say your turnover is 18.63%, it will mean 500 or 512/100 x 18.63 = about 95 employees left the company within 1 year. This is what your table is showing. Remember, the higher the turnover, the more employees are leaving the company.
For more information about turnover calculations, please read the attached document.
Regards,
Rashid
From Saudi Arabia, Riyadh
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