L4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 1 year agoAmazon Told Drivers Not to Worry About In-Van Surveillance Cameras. Now Footage Is Leaking Onlinewww.vice.comexternal-linkmessage-square67fedilinkarrow-up1550arrow-down18file-text
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minus-squaresalt@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down1·1 year agohow can you have a turnover rate over 100%?
minus-squaredesignatedhacker@lemm.eelinkfedilinkEnglisharrow-up8·1 year agoIt’s a turnover rate over time. If everyone quit and had to be replaced in a day you’d be at 100%. Anything after that is over 100% for the year. I’ve seen rates of 150% bandied around for Amazon. That means replacing 12.5% of your total headcount on average monthly.
minus-squaresalt@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down1·1 year agoI’m not great with math so please let me know if I’m understanding this right: Company has 100 employees All 100 employees quit Company gets 100 new employees as replacement = 100% turnover rate Then… Company has the 100 new employees 50 of the new employees quit Company gets 50 new employees as replacement = 150% turnover rate and so on?
minus-squarequicksand@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year agoIt simply has to do with the number of lost/new employees in a year. So if you have 100 employees on your payroll and 100 quit over the course of a year, then you have 100% turnover. If 50, then 50/100 total employees = 50% turnover. It will be lower if less people left. Here’s the link where I learned this: https://www.aihr.com/blog/how-to-calculate-employee-turnover-rate/#:~:text=How to calculate annual turnover,%3D 0.05%2C or 5%25.
minus-squarelolcatnip@reddthat.comlinkfedilinkEnglisharrow-up2·1 year agoTurnover rates are usually described annually. If a company has to replace it’s whole staff twice in a year, that’s a 200% annual turnover rate.
how can you have a turnover rate over 100%?
It’s a turnover rate over time. If everyone quit and had to be replaced in a day you’d be at 100%. Anything after that is over 100% for the year.
I’ve seen rates of 150% bandied around for Amazon. That means replacing 12.5% of your total headcount on average monthly.
I’m not great with math so please let me know if I’m understanding this right:
= 100% turnover rate
Then…
= 150% turnover rate
and so on?
It simply has to do with the number of lost/new employees in a year. So if you have 100 employees on your payroll and 100 quit over the course of a year, then you have 100% turnover. If 50, then 50/100 total employees = 50% turnover. It will be lower if less people left. Here’s the link where I learned this: https://www.aihr.com/blog/how-to-calculate-employee-turnover-rate/#:~:text=How to calculate annual turnover,%3D 0.05%2C or 5%25.
Turnover rates are usually described annually. If a company has to replace it’s whole staff twice in a year, that’s a 200% annual turnover rate.