This is the first line in an article about the fast food industry: “With the fast-food industry facing 150% annual turnover rates, brands are turning to Miso’s AI-powered kitchen robot, Flippy, to help increase profits…” How can you have more than 100% turnover? Thank you.
In: Economics
You have 10 employees
In the first 4 month period, 5 employees quit or get fired, and all get replaced with new employees. You now have 50% turnover and 10 employees.
In the second 4 month period, 5 more employees quit or get fired, and all get replaced with new employees. You now have 100% turnover and 10 employees.
In the third 4 month period, another 5 employees quit or get fired, and all get replaced with new employees. You now have 150% turnover and 10 employees.
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