ECONOMICS

Detailed explanation-1: -This method takes into consideration the number of workers replaced during the period irrespective of the number of workers left or discharged.

Detailed explanation-2: -5) Flux Method Under this method, the separations and replacements for the period are considered for the calculation of Labour turnover. It is the relationship between the sum of separations and replacement during the period and Average Number of Workers during the period.

Detailed explanation-3: -Employee turnover, or employee turnover rate, is the measurement of the number of employees who leave an organization during a specified time period, typically one year.

Detailed explanation-4: -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-5: -Regardless of business type there are two main types of employee turnover: voluntary and involuntary.