What recommendations would you make to decrease cost

Reference no: EM13965661 , Length: 1

Human Resources Finance

The University of Mellencamp is a private, non-profit academic institution. There are 4 colleges located in the institution. It is located in Northern Luzerne County and sunny state of Pennsylvania. Please look at the following statistics:

	2004	2003	2002
Undergraduate enrollment:	5000	5500	6000
Graduate enrollment:	600	550	575

There are currently 120 Full time equivalent (FTEs) faculty at the University with 10 vacant positions.

The University also employs 1200 support staff and 18 persons considered management. Please review the following:

Administration		Faculty	Support Staff
Turnover per year:	2	18	65
Average Hourly Rate:	$55	$35	$12
Aggregate benefits rate:	$5 per hour	Same	Same
Considering the following:

Interviewers time for new employees is 45 minutes with 20 minutes additional for preparation. For each faculty and administration position 3 candidates are interviewed. For each support staff 2 candidates are interviewed. The interviewer is paid $18 per hour rate.

It also takes HR 30 minutes for each person that is terminated.

What is the cost to the University each year from a turnover standpoint?

What recommendations would you make to decrease cost?

What other information would be useful?

Reference no: EM13965661

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