Given turnover of 10%, calculate the number of open positions that will need to be filled,...
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Given turnover of 10%, calculate the number of open positions that will need to be filled, along with the hiring, training, and total costs for each level. Assume all positions are filled by external hires. Job Level 5 4 3 2 1 Total Number Employees 19 26 52 56 510 E Number Openings @ 10% Turnover 2 3 0 51 B 8 3 18 $ 0 S d S D $ 0 $ 0 0 Hiring Cost .. 3 Minimum Training Cost $ 0 S D S S 10 0 0 ab 6 G $ $ S S $ 0 0 0 D D D Total Cost (Hiring+ Training) CR> DO Calculate the costs if turnover were reduced to 6%. Job Level 5 4 n 2 1 Total Number Employees 19 26 52 55 510 0 Number Openings @ 6% Turnover 0 0 0 O 0 .. $ G $ O $ U $ 0 S 0 S Hiring Cost 4. … CO $ Minimum Training Cost $ 0 0 $ S OM 0 $ 0 10 1181 118 DD DD $ $ $ $ $ $ 0 0 0 0 0 0 Total Cost (Hiring+ Training) QUESTION 3 How much more must the company spend on staffing each quarter with turnover at 10% compared to turnover of 6%? Answer 0 Given turnover of 10%, calculate the number of open positions that will need to be filled, along with the hiring, training, and total costs for each level. Assume all positions are filled by external hires. Job Level 5 4 3 2 1 Total Number Employees 19 26 52 56 510 E Number Openings @ 10% Turnover 2 3 0 51 B 8 3 18 $ 0 S d S D $ 0 $ 0 0 Hiring Cost .. 3 Minimum Training Cost $ 0 S D S S 10 0 0 ab 6 G $ $ S S $ 0 0 0 D D D Total Cost (Hiring+ Training) CR> DO Calculate the costs if turnover were reduced to 6%. Job Level 5 4 n 2 1 Total Number Employees 19 26 52 55 510 0 Number Openings @ 6% Turnover 0 0 0 O 0 .. $ G $ O $ U $ 0 S 0 S Hiring Cost 4. … CO $ Minimum Training Cost $ 0 0 $ S OM 0 $ 0 10 1181 118 DD DD $ $ $ $ $ $ 0 0 0 0 0 0 Total Cost (Hiring+ Training) QUESTION 3 How much more must the company spend on staffing each quarter with turnover at 10% compared to turnover of 6%? Answer 0
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To calculate the additional staffing costs each quarter with turnover at 10 compared to turnover at 6 we need to calculate the difference in the numbe... View the full answer
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