Hello,
I have calculated turnover in the below table. Average per year turnover is 1.55 and Sum of whole year is 18.63.
My question is: when someone asks me what is your company turnover?which figure I should state.
Emphirefiretotalturnover1st-Jan500574981.40End of Jan turnover1st-Feb498635010.60End of Feb turnoverMar50111334796.59Apr47915234714.80May471324720.42Jun472324730.42Jul473524760.42Aug476634790.63Sep479524820.42Oct4820124702.49Nov4702224900.43Dec4902205120.00Average1.55Sum18.63
Thanks,
Saber
From Saudi Arabia, Riyadh
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I have calculated turnover in the below table. Average per year turnover is 1.55 and Sum of whole year is 18.63.
My question is: when someone asks me what is your company turnover?which figure I should state.
Emphirefiretotalturnover1st-Jan500574981.40End of Jan turnover1st-Feb498635010.60End of Feb turnoverMar50111334796.59Apr47915234714.80May471324720.42Jun472324730.42Jul473524760.42Aug476634790.63Sep479524820.42Oct4820124702.49Nov4702224900.43Dec4902205120.00Average1.55Sum18.63
Thanks,
Saber
From Saudi Arabia, Riyadh
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Hi Saber,
You are to state average of whole year, that is 18.63 % in your case. Besides, you can state 1.55 monthly turnover as now a days it is supposed better to calculate turnover in months.
Let's examine,
If you say your turnover is 1.55 % , it will mean- 500 or 512/100 x 1.55= about 8 employees are leaving the company. This could be state only for a month and not seems correct for whole year.
Apart from it, if you say your turnover is 18.63 %, it will mean- 500 or 512/100 x 18.63 = about 95 employees left the company within 1 year. This is something what your table is showing. Remember, the higher is turnover, the more employees are leaving the company.
For more information about Turnover calculation please, read the attached DOC.
Regards,
Rashid
From Saudi Arabia, Riyadh
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79You are to state average of whole year, that is 18.63 % in your case. Besides, you can state 1.55 monthly turnover as now a days it is supposed better to calculate turnover in months.
Let's examine,
If you say your turnover is 1.55 % , it will mean- 500 or 512/100 x 1.55= about 8 employees are leaving the company. This could be state only for a month and not seems correct for whole year.
Apart from it, if you say your turnover is 18.63 %, it will mean- 500 or 512/100 x 18.63 = about 95 employees left the company within 1 year. This is something what your table is showing. Remember, the higher is turnover, the more employees are leaving the company.
For more information about Turnover calculation please, read the attached DOC.
Regards,
Rashid
From Saudi Arabia, Riyadh
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Attrition n turnover cal.xls
EMPLOYEE TURNOVER.pdf