StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Turnover - Research Paper Example

Cite this document
Summary
The University of Mellencamp is a non-profit private academic institution. It is located in Northern Luzerne County in Pennsylvania. Four colleges function under this institution. Let us consider the various aspects of the turnover cost of the institution to assess its real standpoint.
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.7% of users find it useful
Turnover
Read Text Preview

Extract of sample "Turnover"

Download file to see previous pages

= $ 2,059,200+ $ 187,200 = $ 2,246,400The Administrative staff Turn Over Cost:1- Administration turnover per year = 2 2- Number of Interviews to be conducted for one Administrative staff recruitment = 2* 3 = 63- Time taken in each interview = 45 min + 20 min = 65 min per interview4- Total time required to be spent on Administrative staff turn over interviews = number of interviews * time of interview * hourly cost of interview= 6* [65/60] * $ 18 = $ 1175- Total cost of Administration Staff for the University of Mellencamp = Hourly rate payment + Benefits + turn over cost= $ 2,059,200+ $ 187,200 + $ 117 = $ 2,246,517Cost of Support Staff:Assumption: The working hours for an employee of the University of Mellencamp are 8 hours per day and the University works 5 days per week. e. Present Support Staff = 1200f.

Number of working hours in a week = 40 g. Therefore, working hours in a year of 52 weeks = 52*40 = 2080 hoursh. So, cost of Support Staff to University of Mellencamp = Hours of work * Hourly rate* number of Support Staff = 2080 * $ 12 * 1200 = $ 29,952,000(ii) Benefits to Support Staff = 2080 * $ 5* 1200 = $ 12,480,000 (iii) Cost of Support Staff = Payment of Hourly rate + Payment of benefits = $ 29,952,000 + $ 12,480,000= $ 42,432,000The Support Staff Turn Over Cost for the University of Mellencamp 5- Support Staff turnover per year = 65 6- Number of Interviews to be conducted for one Support Staff recruitment = 65*2 = 1307- Time taken in each interview = 45 min + 20 min = 65 min per interview8- Total time required to be spent on Support Staff turn over interviews = number of interviews * time of interview * hourly cost of interview= 130* [65/60] * $ 18 = $ 2,5355- Total.

If more details of University courses being taught are made available it could help the decision making more viable. The above being the actual turnover position of the University of Mellencamp it is essential that the institution has to rethink on the points arrived as recommendations above. The activities of the institution will become cost effective only if radical changes are implemented with immediate effect.

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Turnover Research Paper Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1522395-turnover
(Turnover Research Paper Example | Topics and Well Written Essays - 1000 Words)
https://studentshare.org/miscellaneous/1522395-turnover.
“Turnover Research Paper Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/miscellaneous/1522395-turnover.
  • Cited: 0 times

CHECK THESE SAMPLES OF Turnover

Employee Turnover

This paper is meant to diagnose the problems associated with the luxury hotels that bring about the high employee Turnover as well as the suggested ways of how to deal with the high Turnover rate.... Employee Turnover has been found to be among the highest in the hospitality industry.... hellip; Among the non-management hotel employee in the US, studies have shown that the average Turnover level is about 50% and 25% among the management staff (CHA-International, 2009)....
6 Pages (1500 words) Research Paper

Extremely High Turnover Rates

Employee Turnover is a challenging issue for many types of businesses.... The retail industry, in particular, wrestles with the implications of extremely high Turnover rates.... "The retail industry employs nearly one-in-five Americans and routinely faces 70 percent to nearly triple digit Turnover" (Retailers can improve workforce commitment, 2002).... hellip; Many retailers have resigned themselves to accepting this kind of Turnover rate as a "cost of doing business" (Joinson, 1999)....
12 Pages (3000 words) Essay

Turnover intentions

Employee Turnover is one of the most studied aspects in organisational psychology (Mitra, Jenkins, & Gupta, 1992) and is of interest to other professionals, including personnel researchers, behavioural scientists, and management practitioners (Mobley, Griffeth, Hand, and Meglino, 1979).... For the purpose of this research, the criteria variable 'Turnover intention' is defined as an individual's inclination to leave an organisation voluntarily (Dougherty, Bluedorn & Keon, 1985; Kiyak, Namazi & Kahana, 1997; Mobley, 1977; Stedham & Mitchell, 1996)....
29 Pages (7250 words) Essay

High Staff Turnover

In the essay “High Staff Turnover” the author analyzes high staff Turnover, including top management leaving.... Staff dissatisfaction in resulting in a higher Turnover rate which is up by almost 20% since last year.... The staff says that they are extremely unhappy with the way the company is running now....
1 Pages (250 words) Essay

Turnover Calculations

From the example provided of an employee earning a salary of $20,000 and getting benefits of 40% of the salary, the Turnover cost… This is quite costly for human resource management considering that there are other resultant costs that include the hiring and training of new staff.... This kind of information is important for human resource professionals in underscoring the importance of effective Employee Turnover and Retention Turnover Cost From the Model for Costing Lost Productivity (Jackson & Mathis, , it is evident that employee Turnover in an organization is quite costly....
1 Pages (250 words) Essay

High Turnover Concerns at Omega Security Services

High staff Turnover is also another issue that may need to be addressed.... Like most other guard companies, Omega Security Services is faced with high rates of staff Turnover and this makes it more difficult for the firm to be able to provide good services.... There are certain factors that have led to the high rate of staff Turnover in Omega Security Services.... Insufficient training is also another issue that has increased high rates of staff Turnover....
8 Pages (2000 words) Essay

Employee Turnover

From the paper "Employee Turnover" it is clear that this article seeks to shed more light on the pros and cons of high employee Turnover.... nbsp;High employee Turnover has become an issue for the company.... The authors use empirical tests of organizational records to justify the information and explore the issue deeper....
9 Pages (2250 words) Research Proposal

Secondary Science Teachers' Turnover

The writer of this paper "Secondary Science Teachers' Turnover" tries to discover the reason for the teacher's Turnover by analyzing the data.... Teachers Turnover has become gradually more central in many debates regarding the teaching career in the United States.... Teacher Turnover is a big definition that includes teachers exiting the profession, changing fields, or changing their school.... The reasons for teachers' Turnover may vary....
14 Pages (3500 words) Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us