What is the total cost of training

Assignment Help Financial Management

Reference no: EM13768192

The average turnover rate was 23% percent per year. The cost to recruit and train one new employee was $56,625. To address the turnover problem, the company developed a skills training program that averaged 80 hours per year per employee. The average employee wage was $35 per hour. Instructor, classroom and other costs were $170,000.

a. What is the total cost of training? The total cost of turnover?

b. If the turnover rate dropped 8% (from 23% to 15%), what was the financial benefit of the training program

c. What was the ROI of the training program?

d. How much would the turnover rate have to be reduced (from 23%) for the training program to show a benefit?

Reference no: EM13768192

Questions Cloud

What is the expected return on the portfolio : You own a portfolio that has $3,600 invested in Stock A and $4,600 invested in Stock B. If the expected returns on these stocks are 10 percent and 13 percent, respectively, what is the expected return on the portfolio?

What is the annual cash required and the cash received : The company could issue $2,500,000 of long-term bonds, due in 5 years with a stated rate of interest, paid semi annually, of 4%. The market rate for similar debt is 6%. What is the annual cash required and the cash received

Empirical tests of three hypotheses of positive accounting : Empirical tests of the three hypotheses of positive accounting theory (PAT) are often based on the amount of discretionary accruals contained in net income.

Promote court decisions that a judge from the lower court : Propose at least two available remedies that the General populace is able to utilize to promote court decisions that a judge from the lower court has yet to implement

What is the total cost of training : The average turnover rate was 23% percent per year. The cost to recruit and train one new employee was $56,625. To address the turnover problem, the company developed a skills training program that averaged 80 hours per year per employee. What is the..

Holding other variables constant-decrease in dividend growth : Holding other variables constant, a decrease in the dividend growth rate would a) increase stock price, b) decrease stock price, c) have no effect on stock price, d)more information is needed to answer the question.

Compare a female friend and male friend : COMPARE a female friend and male friend, being a teen to being a toldler and Talking to your mom and talking to your frinds.

Defragmenting a disk precautions : Explain in detail how to defragment a disk. Be sure to list all of the necessary steps and the purpose of each. What precautions should be taken before defragmenting a disk?

The tax treatment regarding the sale of existing assets : The tax treatment regarding the sale of existing assets that are sold for less than the book value results in an ordinary tax benefit. a capital loss tax benefit. recaptured depreciation taxed as ordinary income.

User Account

All Pages