Question: there is no table - this is all the professor gave me. im guessing he wants us to make a table and figure it out.

 there is no table - this is all the professor gave
there is no table - this is all the professor gave me. im guessing he wants us to make a table and figure it out. which is wher im stuck

Why Employees Leave Employees choose to leave a company for many reasons and some employees leave for involuntary reasons. Calculating turnover rates to quantify employee departures by reason can help companies identify possible weaknesses in their work practices or company culture. For instance, significant turnover resulting from mediocre performance should prompt a company to review its selection and training practices. Valued employees may leave the company for other jobs to enhance career advancement or compensation. For example, a compensation survey will reveal the competitiveness of pay and benefits offerings relative to the competition, possibly shedding light on those departures Companies calculate turnover rates for a desired reference period (e.g., monthly, quarterly, annually) based on the following information: (a) the number of workers leaving during the chosen reference period and (b) average number of workers employed during the reference period. The turnover rate is calculated as: a/b. Use the data in the table to calculate turnover rates for the questions that follow The overall turnover rate for (Round your answers to the nearest hundredths place.) 1. first quarter: % 2. second quarter: % 3. third quarter: % 4. fourth quarter: % 5. Total Annual Turnover Rate: & Total Annual Turnover Rate = ((Number of Employees Departing during the First Quarter + Number of Employees Departing during the Second Quarter + Number of Employees Departing during the Third Quarter + Number of Employees Departing during the Fourth Quarter) / Average Number of Employees for the Year) 6. The annual Involuntary Termination Rate: % (Round your answers to the nearest hundredths place.) 7. The annual Voluntary Termination Rate: % (Round your answers to the nearest hundredths place.) 8. Which rate is higher? Involuntary Rate or Voluntary Rate Why Employees Leave Employees choose to leave a company for many reasons and some employees leave for involuntary reasons. Calculating turnover rates to quantify employee departures by reason can help companies identify possible weaknesses in their work practices or company culture. For instance, significant turnover resulting from mediocre performance should prompt a company to review its selection and training practices. Valued employees may leave the company for other jobs to enhance career advancement or compensation. For example, a compensation survey will reveal the competitiveness of pay and benefits offerings relative to the competition, possibly shedding light on those departures Companies calculate turnover rates for a desired reference period (e.g., monthly, quarterly, annually) based on the following information: (a) the number of workers leaving during the chosen reference period and (b) average number of workers employed during the reference period. The turnover rate is calculated as: a/b. Use the data in the table to calculate turnover rates for the questions that follow The overall turnover rate for (Round your answers to the nearest hundredths place.) 1. first quarter: % 2. second quarter: % 3. third quarter: % 4. fourth quarter: % 5. Total Annual Turnover Rate: & Total Annual Turnover Rate = ((Number of Employees Departing during the First Quarter + Number of Employees Departing during the Second Quarter + Number of Employees Departing during the Third Quarter + Number of Employees Departing during the Fourth Quarter) / Average Number of Employees for the Year) 6. The annual Involuntary Termination Rate: % (Round your answers to the nearest hundredths place.) 7. The annual Voluntary Termination Rate: % (Round your answers to the nearest hundredths place.) 8. Which rate is higher? Involuntary Rate or Voluntary Rate

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!