WK1_DQ_PhillipsL

Human Resource Management (Available Titles Coursemate)

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WK1_DQ_PhillipsL Position Number One: Nonexempt Machine Operator: 1. Number of the target positions that you employ: 250 2. The number that quit in the last 12 months: 85 3. Your turnover percentage is: 85 / 250 = 0.34 multiply by 100 = 34.00% 4. Average wage rate for target position: $11.50 Per Hour; annual salary is 11.50 multiplied by 40 = 460 multiplied by 52 = 23,920.00 5. Cost percentage of benefits for nonexempt: 28% 6. The position's total compensation is: 23920 times .28 = 6697.60 + 23920 = $30617.6 7. Turnover cost percentage for nonexempt: 30% 8. Your turnover cost for nonexempt employees is: 30617.60 times .30 = 9185.28 times 85 = 780,748.80 rounded equals $780,749 Position Number Two: EXEMPT Accountant 1. Number of the target positions that you employ: 50 2. The number that quit in the last 12 months: 18 3. Your turnover percentage is: 18 / 50 = 0.36 times 100 = 36.00% 4. Average wage rate for target position: $3,500.00 Per Month; annual salary is 3500.00 times 12 = $42,000 5. Cost percentage of benefits for exempt: 30% 6. The position's total compensation is: 42,000 times 0.30 = 12,600 + 42,000= $54600 7. Turnover cost percentage for exempt: 100% 8. Your turnover cost for exempt employees is:54,600 times 1= 54,600 times 18 =
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