Formula to Calculate Annual Turnover Rate: TurnoverRate=(NumberofEmployeesWhoLeftAverageNumberofEmployees)×100\text{Turnover Rate} = \left( \frac{\text{Number of Employees Who Left}}{\text{Average Number of Employees}} \right) \times 100TurnoverRate=(AverageNumberofEmployeesNumberofEmployeesWhoLeft)×100 Applying the Values: Number of employees who left: 8 Average number of employees: 50 TurnoverRate=(850)×100=16%\text{Turnover Rate} = \left( \frac{8}{50} \right) \times 100 = 16\%TurnoverRate=(508)×100=16% Final Answer: 16% International HR Reference: SHRM Turnover Metrics Guidelines: Provides standardized formulas for turnover calculations. ==================
