Question

Your company experienced 20% percent turnover last year. This means 20 percent of people employed at the beginning of the year were terminated or no longer employed by the year’s end. You know that a year from now you will need to have 40 more people in your company to keep up with increasing customer demand. How many employees should you plan on hiring, assuming turnover remains constant?

Answer 1

Answer:

48

Explanation:

Employee turnover is the rate at which employees leave a company, whether voluntary or involuntary.

In this company, 20 percent of employees leave every year.

If the company intends to have 40 more workers, it should plan to hire the 40 plus an extra 20 percent.

The company should hire 40 plus 20% of 40

=40 + (20/100 x 40)

=40 +(0.2 x40)

=40 +8

=48

The company should hire 48 workers