Lumina Corporation Began Operations in 2011 with 4900 Employees

question 63

Multiple Choice

Lumina Corporation began operations in 2011 with 4900 employees. During the first half of that year, the company did not see any attrition. Profits were high, and the training and orientation programs were efficient. New hiring continued at a healthy pace and by mid-year, the employee strength of the company was 5000. However, in the second half of that year, 200 employees were laid off, and no new hiring took place. The turnover rate at Lumina Corporation in 2011 was _____.

• A) 50%
• B) 25%
• C) 4%
• D) 2%

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Definitions:

Assessment

The process of evaluating or estimating the nature, ability, or quality of something through various methods.

Pigeonholing

The practice of classifying or categorizing people or things into oversimplified and rigid categories, ignoring individual differences.

Psychoanalyzing

A method in psychology which involves exploring the unconscious mind to understand and treat psychological disorders, based on theories developed by Sigmund Freud.

Statistically Analyzing

The application of statistical methods and techniques to analyze data and draw conclusions based on data patterns and relationships.