ECONOMICS

Detailed explanation-1: -The labour turnover rate is calculated by dividing the employees who left during a specific period of time, by the average number of employees during the same window. To get a percentage, this number is then multiplied by 100.

Detailed explanation-2: -Replacement Rate Method: Labour turnover is determined by dividing the number of workers replaced during the month/year by the average number of workers employed during the month/year and multiplying that by 100.

Detailed explanation-3: -Labor turnover, also known as staffing turnover, refers to the ratio of a number of employees who leave a company through attrition, dismissal or resignation to the total number of employees on the payroll in that period.

Detailed explanation-4: -Labour turnover is a measure of the number of employees leaving/being recruited in a period of time expressed as a percentage of the total labour force.

Detailed explanation-5: -Labor input is measured as either the number of workers employed or the number of hours they worked during a given time period, say a year. Most countries collect data on the number of workers, and can calculate labor productivity as output per worker. Hours worked account for differences between workers (full-time vs.