What does a 150% yearly turnover rate mean?

[JEDI]

ie:
McD has a 150% turnover rate.

Does that mean for every 10 people that stay a year, 15 quit?

 

[MikeyIs4Dcats]

yes

 

[her209]

I think its 150% of the workforce.

For example, if you have 10 employees, 5 quit, 5 are hired, another 5 quit, another 5 are hired, another 5 quit, another 5 are hired.

 

[Lonyo]

It means the % of people who have left of the overall workforce, I think.

So if you have 10 employees, then every year 15 people quit (1 quits, 1 new person comes in 15 times a year)

 

[TXHokie]

I read it as you have 10 employees, had to replace all 10, and of the 10 new ones replace another 5.

 

[bobdelt]

Originally posted by: TXHokie
I read it as you have 10 employees, had to replace all 10, and of the 10 new ones replace another 5.

exactly. You had to hire 15 people, you have 10 employees. 15/10 = 150%

 

[AreaCode707]

You lose everyone you had at the beginning of the year, replace them all, and lose half of that again.

150% is an INSANE turnover rate. Even in retail or call centers, the usual rate is half that.

 

[CountZero]

Does that include all employees? If so then the actual in store rate is probably much higher since people that run things higher up probably do not have a super high turnover.

 

[engineereeyore]

Originally posted by: HotChic
You lose everyone you had at the beginning of the year, replace them all, and lose half of that again.

150% is an INSANE turnover rate. Even in retail or call centers, the usual rate is half that.

I used to work for a Sprint call center doing customer service for the 'low-end credit customers'. The turnover rate there was just over 150% also, and they employed several hundred people. A new training class started every week, each having about 20-30 people in it. It was INSANE. I lasted 3 months.

 

[zephyrprime]

Originally posted by: TXHokie
I read it as you have 10 employees, had to replace all 10, and of the 10 new ones replace another 5.

This is the correct answer.

 

[zephyrprime]

Originally posted by: JEDI
ie:
McD has a 150% turnover rate.

Does that mean for every 10 people that stay a year, 15 quit?

That's only a 60% turnover rate.

 

[bobdelt]

Originally posted by: zephyrprime

Originally posted by: TXHokie
I read it as you have 10 employees, had to replace all 10, and of the 10 new ones replace another 5.

This is the correct answer.

Not really. A situation where 9 people work there the entire year, but they had to hire 15 different employees for that 10th spot also works.

 

[Injury]

Originally posted by: HotChic
You lose everyone you had at the beginning of the year, replace them all, and lose half of that again.

150% is an INSANE turnover rate. Even in retail or call centers, the usual rate is half that.

The turnover rate for the average fast food restaurant is 200%. Eeep!