I see a formula that our Human Resources Department is using to annualize voluntary turnover.
It looks like this:
=(E3/((A3+D3)/2))*12/months
So if I substitute with some actual data:
=(6/((22+33)/2))*12/months the answer becomes 21.8% (as the annualized voluntary turnover rate).
What does the *12/months actually do mathematically? I cannot find it in the excel help files and have not been able to figure this out using math (on the calculator).
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