Reference no: EM133180456
Writers.Org is a specialist writing agency that provides professional and research-based business and technical writing services. The company employs 100 contract writers and 20 editors and researchers to support the writers. The Editorial team recently feedback that only 50% of works submitted by contract writers were satisfactory. The other 50% required massive rework.
Mark, the HR manager, decides to estimate the annual cost of poor writers' performance to justify the need for measures to improve the quality of writers. He extracted the following information from the company's HRIS to formulate his business case:
Table 1. HR Administration
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Job Advertising Fees
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$300 per month
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Job Interviews
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1 hourby Chief Editor
1 hour by HR Manager
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Contract Administration
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2 hours by HR specialist
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Termination Administration
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2 hours by HR specialist
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Orientation Brief
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5 hours by Editor
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Average time to edit a submission
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First draft- 5 days (40 hours)by Editor
Second draft-2 days (16 hours) by Editor
Final Draft- I day (8 hours) by Editor
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Average timeto edit a poor submission
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First draft - 10 days (80 hours)by Editor
Seconddraft- 5 days (40 hours)by Editor
Final Draft - 3 day (24 hours)by Editor
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Average dollar value generated by per contract
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$25,000
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Number of contracts fulfilled by the average writer
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4 contracts a year
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Number of contracts fulfilled by the poor performing writer
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2 contracts a year
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Writer TravelSubsidy
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$50 per month
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Contract rates for Writers
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$10,000 per job
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Annual Salary of HR Specialist
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$50,000 ($23.94 per hour)
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Annual Salary of Chief Editor
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$80,000 ($38.31 per hour)
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Annual Salary of HR Manager
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$60,000 ($28.73 per hour)
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Table 3. Salary of Personnel
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Contract rates for writers
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$10,000 per job
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Annual salary of Editor
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$50,000 ($23.94 per hour)
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Annual salary of HR specialist
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$45,000 ($21.55 per hour)
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Annual salary of Chief Editor
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$80,000 ($38.31 per hour)
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Annual salary of HR manager
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$60,000 ($28.73 per hour)
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Calculate the annual cost of poor writer performance for Writer.Org. Please show your working clearly.
REFERENCE: Bauer, T., Erdogan, B., Caughlin, D., & Truxillo, D. (2019). Human resource management: People, data, and analytics. SAGE Publications.