turnover

turnover questions and answers

Learn about turnover at the number one young investor website Teen Analyst.

Q: How to determine the sale revenue when I know the turnover ?
i am preparing projected income statement and I need the sales revenue for one of the previous years, but the company have not income statement posted for this year, but profit and lost account where appear only the turnover. Can I determine somehow the revenue, having got the turnover.

A: In my business it's usally about 15% but can be as high as 50%, totally depends on how my business is goign.

Q: 5.      What is the $ turnover in baby formula industry?
Please can any one tell me that What is the $ turnover in baby formula industry? I will be highly appreciated if some can provide me the site or article where these kind of information are mention.Its very important for me.

A: You might try contacting Gerber or Pedialite. They can help you with this.

Q: How to handle frequent supervisor turnover on resume?
At my last 2 jobs, my supervisors changed every few months. (High turnover at both companies.) When I quit these jobs, I had a new supervisor (only about 2-3 weeks) and the old supervisor had left the company. Now when an application or resume requires me to list a supervisor, I'm not sure how to handle it. Do I list the new supervisor or one of the old supervisors (who I also didn't work with very long)?

A: In general you list the one you knew the best or that worked with you the longest. If neither applies, then put the name of the last supervisor. This isn't really an important question and potential employers generally have to ask permission before contacting your last supervisor. You can explain the turnover in your interview and it shouldn't reflect negatively on you, but rather on the company (which the potential employer will think is probably the reason you're looking for a new job.) So, no worries!

Q: what does an increase in turnover and a decrease in net profit mean?
when you look at a companies business summery its clear that there is a inctrease in the turnover, but the net profit is decreasing ..what does it mean? what cna we analyse from it?

A: It means the co is in for some financially rough times, and the good employees see it coming and are bailing out. If you look at the company's property and see little things like, maintenance being deferred, paper towels in the lavatories not being refilled, the lawn not being mowed, etc etc,, it;s time to polish up the resume and move on.It means the co is losing money.

Q: I feel bad about giving my two weeks notice because there is a high turnover at work?
I have been at my job for about a year now and really hate going to work everyday. There is a very high turnover and somebody quits every two weeks. I can not stand being there. I am 20 years old and took the job right out of college. I want to travel and get away for awhile but I am having a hard time giving my two weeks. Any advice The pay sucks. I live paycheck to paycheck. Suggestions about traveling?

A: If you do not contribute to the turnover, you are sending a message to your boss/the company that you are accepting of the poor working environment that you're working in. They may never get the message, but the more people send the message that the jobs suck, the sooner management may start to create a better place to work.

Q: The correlation of new employees orientation and employee turnover ?
The value of answering the question expounded above has three parts: - To determine if there is any relationship between turnover and employee orientation. - To determine the magnitude of the relationship between employee orientation and turnover. - To review literature related to employee orientation and turnover.

A: I am sure there is a correlaton. Here is one link that supports it.

Q: Why is there so much turnover in car sales jobs?
I was thinking about getting into the business. The pay seems good, good benefits. What is the downside that causes so much turnover?

A: As the wife of a car sales person, i have to say that the two biggest downsides to this job are the long hours and the stress it involves. My husband has been in the car buisness 3 yrs now and his hours are between 12-16 a day which leaves very little family, let alone personal time. If you don't have a family then I guess this wouldn't be a concern to you. The stress can get pretty bad because there is so much pressure to close deals and get so many cars sold in a month, it can be overwhelming. The turnover I would say is due to the same two reasons. New guys always quit because of the pressure or because they don't like not have time to do anything else or they'll get fired because they just aren't cutting it. Aside from these two things, it is a good job, the pay and benefits are really good but if you do have a family, I urge you to talk this thru with your wife and make sure she understands that if you take this job, there will not be much time for ANYTHING else. Good luck.

Q: What is the cost of employee turnover to a corporation?
I am preparing a training session for corporations regarding turnover and need to find out the appx cost to replace employees

A: Hi John, Good question regarding TO and churn rate. This is complex but I'll try to do my best not to ramble on. The actual net cost to an employer depends on several factors. 1. The position. average salary or wage. 2. The cost to train the employee. 3. the method of recruitment and cost of recruitment. 4. The overall company moral level if the TO rate is too high per industry standard. Find the average of these points for the industry your looking at, and you can find the approximate cost of Moderate TO. Good Luck, ~Trey

Q: How much per cent % of your potential customer base do you use to calculate estimated turnover?
I am writing my business plan to obtain financing and they request a figure for my annual turnover, I am not sure what is a reasonable per centage to calculate my turnover from potential customer base i.e. customer base 5 million what per centage is the average base year calculated on i.e. 0.5%, 1% ? I would appreciate receiving any advice or assistance - Many Thanks Ker

A: You going t have to do some research on this one, the turnover will be different depending on the industry you are in. There isn't a good universal figure.

Q: How bad is turnover for companies?
It seems that most corporations and some companies actually consider employee turnover good. It is bad for the employees and customers.

A: Turnover at a reasonable rate is good. If water can't enter and leave a pool it becomes stagnant, if it flows in and out too fast, it destroys the pool. For a company to be healthy, it must keep a solid base of people. Their accumulated knowledge is gold. But without an influx of new people with new ideas and visions, the company will eventually fail as others who are more innovative make changes that leave the other company behind.

Q: What are the effects of employee turnover on the overall performance of the organisation?
Thus the merits and demerits of emplyee turnover.

A: Employee turnover has an adverse impact in an service industry. The effects are 1) Productivity 2) Revenue 3) Higher cost of delivery 4) Higher manpower acquisition and training cost. In an manufacturing industry the adverse impact is quite limited.

Q: How could you predict future sales/turnover?
I have created a spreadsheet that shows the turnover and sales for the years, 1 2 and 3. How could I predict a value for year 4 based on the past years. Many Thanks In excel

A: Don't you have you crystal ball with you.? Very tricky, and would depend a lot on what your line of business is. You'll need to use your common sense,but having only the little information you provide,start by looking at years 1,2 and 3 and see if that throws up any clues.For instance if sales for year 2 were 5% up on year 1,and sales for year 3 were 7% up on year 2 you'll need to decide if business is going to be better,worse or the same before doing projection for year 4. As I say very tricky in these times.There are a lot of variables you need to take into account. I'm glad I'm not in your shoes,but if you're not too sure about something I would be inclinded to err a little on the optimistic side rather than the pessimistic side.But then that's your job to decide.Good luck.

Q: What is the average receivables balance? What is the receivable turnover?
Maddox Resources has credit sales of $180,000 yearly with credit terms of net 30 days, whifch is also the average collection period. Maddox does not offer a discount for early payment, so its customers take the full 30 days to pay. What is the average receivables balance? What is the receivables turnover?

A: Probably if you crack open the text book, the answer will appear.

Q: Does a safety in a football game count as a turnover?
I saw my favorite team the Detroit Lions get two safetys against the Bills then they got the ball back. Is that a turnover against the Bills though?

A: Not really although it can give an opponent two points, it can also be done electivly (intentionally).. Elective safeties Occasionally, the team with the ball may concede a safety intentionally, as a game strategy, which implicitly explains the origin of the term "safety." The elective safety is not uncommon in Canadian football when a team faces a third-down situation deep in their own territory. A punt from the end zone would give the receiving team much better field position than a kickoff from the 35-yard line would. The elective safety is not seen often in American (four-down) football, since the ensuing free kick would come from just the 20-yard line. However, it is occasionally employed by teams who are willing to trade two points on the scoreboard for a perceived greater advantage in field position or clock time. A notable example of team conceding an intentional safety for field position occurred in the nationally-televised NFL game on Monday November 3, 2003. Trailing the Denver Broncos by a point with about three minutes remaining in the fourth quarter, and facing a fourth-and-long situation from their own 1-yard line, the New England Patriots elected instead to snap the ball intentionally out of their end zone rather than attempt a dangerous punt. Now trailing by three, the Patriots' ensuing free kick traveled all the way to the Broncos' 15. The Patriots' defense forced a punt, and their offense subsequently drove down the field for the winning touchdown with 30 seconds remaining. An example of a team trading an elective safety for a clock time advantage arose in college football's Backyard Brawl on December 1, 2007. Leading the West Virginia Mountaineers 13-7 with nine seconds remaining, the Pittsburgh Panthers faced a fourth down at their own 15. The Pittsburgh punter received the snap at the goal line and, instead of punting, scrambled in his end zone until the remaining time expired. He then stepped over the end line to concede two points, making the final score 13-9. West Virginia were thus denied the opportunity to gain possession of the ball to possibly score a winning touchdown.

Q: Best way to lower turnover rate in call centers?
Call center need ideals on getting new "good" employees and keeping turnover to a minimum. Good starting pay, benefits, bonus, casual environment...Company growing faster than employees.

A: Good starting pay Raises Good benefits Good medical/dental 401K matching plan.