WK1_DQ_PhillipsL

Human Resource Management (Available Titles Coursemate)

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 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 = $42,0004....
View Full Document

This document was uploaded on 03/07/2012.

Page1 / 2

WK1_DQ_PhillipsL - WK1_DQ_PhillipsL Position Number One:...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online