At Piaffique Inc., 15 employees quit and an additional 10 employees were fired for poor performance this year. The company's midyear employee count was 50. What is Piaffique's turnover rate for this year

Answer: The answer is 50% turnover rate for this year.

Explanation:

Calculation of employee turnover rate

Times 100 = Number of employees separation during the year / Total number of employees in the company

= (15+10) / 50

=0.50 times or 50%

The employee turnover rate at Piaffique for the year is 50%.

Employee turnover means the separation of the employee from the company. The separation can be can be due to retirement, death, transfer, resignation and termination. Piaffique has employees who have quit and some have been terminated so both the cases the employee leaves the organisation.