Final Project Case Study: Due in dropbox no later than $11$:$59$pm April Turnover AnalysisUsing your fictional organization you created for your assignments as a basis of your assignment, use the following additional information to perform a Turnover Analysis of your company.You recently completed your companys new compensation plan. You are happy with the results but know there is more to retaining the employees than just pay, and you dont currently have a retention plan.Your organization consists of several locations along the East Coast including Georgia, South Carolina, and Florida. Your employees are all full$-$time. One of the challenges you face is a difference in geographical areas, and as a result, there are differences in what may motivate employees. As you initially look at turnover numbers, you have the sense that turnover has increased over the last six months. Your initial thoughts are the need for a better retention strategy, possibly utilizing a bonus structure as well as other methods of retention.Currently, your organization pays a straight salary to employees, does not offer flextime or telecommuting options, focuses on individual performance rather than team performance, and provides five days of vacation for every two years with the organization.MonthSeparated EmployeesAverage Number of EmployeesMay$12552$June$16541$July$18539$August$22540$September$26538$October$30540$For your analysis do the following:Calculate Monthly Turnover for the past six months, you must include the turnover table with your calculations in your report.Write your reportWhat are the possible reasons for turnover in your organization? In your report briefly discuss $3$ reasons that can be contributing to the increase in turnover.What can you do to remedy the situation? Briefly discuss $3$ possible retention strategies to improve employee turnover.The formula to determine turnover rate is: Turnover Rate $=$ # of Separations $/$ Avg. # of Employees x $100$