Iceland is the second biggest fisheries nation in the North East Atlantic behind Norway, having overtaken the United Kingdom in the early 1990s. Since 2006, Icelandic fishing waters have yielded a total catch of between 1.1m and 1.4m tonnes of fish annually, although this is down from a peak of over 2m tonnes in 2003.
How to Calculate Employee Turnover by Month. Letâs revisit an employee turnover calculation I explained in my previous blog: monthly turnover. This turnover calculation can be used to learn more when employees leave in their first year. To calculate monthly employee turnover rates, divide the number of employee separations in one month by the average number of active employees at the worksite during the same period. Weâll say we have one site of operations. For example, letâs say we lose four employees out of 200.
To put this into perspective, let's assume the average salary of employees in a given company is $50,000. per year. Taking the cost of turnover at 150% of salary, the cost of turnover is then $75,000 per employee. who leaves the company. For the mid-sized company of 1,000 employees who has a 10% annual rate of. turnover, the annual cost of turnover is $7.5 million!