In 2019, ACME Explosives had an average of 1256 people on payroll. There was a total of 120 new-hires company-wide and 63 people separated from the company. What was the employee turnover rate for ACME in 2019?
a. 2.5%
b. 5%
c. 9.55%
d. 19.9%
Correct Answer is B 5%
(# of EE separations for the period ÷ Average # of EEs on payroll for the period) X 100
63 / 1256 = .050 x 100 = 5%
