Which Term Refers to the Number of Employees Leaving the Firm

question 45

Multiple Choice

Which term refers to the number of employees leaving the firm divided by the total number of positions in the company?

• A) turnover rate
• B) vacancy rate
• C) time to fill
• D) selection ratio

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Definitions:

Accrued Vacation Privileges

Employee benefits that accumulate over time, referring to the right to take paid time off that's been earned but not yet used.

Vacation Pay Payable

Liabilities owed to employees for earned but unused vacation time, which a company must pay out in the future.

Defined Benefit Plan

A pension plan that promises employees a fixed annual pension benefit at retirement, based on years of service and compensation levels.

Pension Plan

A retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit.