Question

A bank reports the following for one financial year: • Employees at the beginning of the year: 2,400 • Employees at the end of the year: 2,600 • Employees who resigned voluntarily: 125 Using the average headcount method, what is the voluntary attrition rate?

A 4.8%
B 5.0%
C 5.2%
D 5.5%
E 6.0%
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