during the month 20 workers left 50 workers were discharged and 200 workers were rec 558914

Different methods of labour turnover

1. What is meant by the term labour turnover? What is the effect of labour turnover on cost of production?
2. From the following data given by the personnel department, calculate LTR by applying the (a) separation, (b) replacement and (c) flux methods:

During the month, 20 workers left, 50 workers were discharged and 200 workers were recruited. Of these, 30 workers were recruited in the vacancies of those leaving, whereas the rest were engaged for an expansion scheme.