same as the accession rate, for while more people are separated from that is reducing its number of employees, the net turnover rate is the can not be justly charged to turnover. On the other hand, in a plant INDEXES OF AVERAGE MONTHLY LABOR TURNOVER RATES, 1930 & 1931. J. F. M. A. M. J. J. A. S. Q. N. D. J. F. M. A. M. J. J. A. S. O. N. D. 1931 1930. J. F. M. A. M. J. J. A. S. O. N. D. J. F. M. A. M. J. J. A. S. O. M. D. jobs, the number hired above those leaving is due to expansion and rate because while more people are hired than are separated from their increasing its forces, the net turnover rate is the same as the separation 6.00 the pay roll than are hired, the excess of separations over accessions is due to a reduction of force and therefore can not be logically charged as a turnover expense. For the third consecutive month the net turnover rate for manufacturing as a whole is the same as the separation rate. In other words, more people were hired during the months of January, February, and March than were separated from the pay roll. 6.00 INDEXES OF AVERAGE MONTHLY LABOR TURNOVER RATES, 1930 & 1931. ACCESSION RATE. NET TURNOVER RATE. 6.00 J. F. M. A. M. J. J. A S. O. N. D. J. F. M. A. M. J. J. A. S. O. N D. The preceding charts show in graphic form the information contained in Table 1. Table 2 shows the quit, discharge, lay-off, accession, and net turnover rates for manufacturing as a whole for the months of June to December, 1929. These averages have been recomputed to show the arithmetic average instead of the median of company rates. Month TABLE 2.-AVERAGE LABOR TURNOVER RATES IN SELECTED FACTORIES IN 75 INDUSTRIES IN 1929 Monthly rate Equivalent annual rate Table 3 shows the quit, discharge, lay-off, accession, and net turnover rates for automobiles, boots and shoes, cotton manufacturing, foundry and machine shops, furniture, iron and steel, sawmills, and slaughtering and meat packing by months for the year 1930 and for January, February, and March, 1931, presented both on a monthly and an equivalent annual basis. TABLE 3.-AVERAGE LABOR TURNOVER RATES IN SPECIFIED INDUSTRIES Monthly rate Equivalent annual rate |