Estimate the reduced costs due to the reduction in turnover

Reference no: EM132131096

Questions -

1. Turnover Costs Savings - Assume that training results in a 10 percent reduction in your turnover rate. Also, assume that the cost of a turnover is 1.5 times the departing employee's salary. For a given average employee salary of your choosing, estimate the reduced costs due to the reduction in turnover.

2. Combine Impacts of Savings - Given your answers to the previous questions, estimate the combined impact of direct and indirect savings generated by training on the bottom line. Extrapolate this number over a one- or two- year time period.

Reference no: EM132131096

Questions Cloud

How much will the company repay : The company will repay the entire loan back after 3 year from now. How much will the company repay to the bank of that time

Estimate the combined impact of direct and indirect savings : Given your answers to the previous questions, estimate the combined impact of direct and indirect savings generated by training on the bottom line

Phase 1-discover and assess : "Phase 1: Discover and Assess Step 1: Identify discomforts in the community (or organization). Step 2: Find out what has been done.

Create-a boundaryless structure with the manufacturer : 1. Create-a boundaryless structure with the manufacturer in South Africa.

Estimate the reduced costs due to the reduction in turnover : For a given average employee salary of your choosing, estimate the reduced costs due to the reduction in turnover

Transportation contributing to the growth : As the economy continues to strengthen, where do you see transportation contributing to the growth?

Transportation logistics management : Discuss the attributes of concern in a Transportation Logistics Management.

What are the most important elements of a business plan : What other elements should be added to the Business Plan to encourage potential investors? What are the most important elements of a Business Plan?

Identify five sources of information : Identify five sources of information that needs to be gathered to allow you to monitor whether or not each service has been properly delivered.

User Account

All Pages