Employee Turnover Honolulu HI

The following contains aircraft services information you should know about employee turnover. Read on if you or a loved one is interested in aviation and transportation in Honolulu.

Local Companies

Honolulu Federal Credit Union
(808) 203-5850
PO Box 2428
Honolulu, HI

Rubber Stamp One Day Service Inc
(808) 591-1009
1140 Kona St
Honolulu, HI

Bank of F S M
(808) 537-6622
614 South St
Honolulu, HI

Island Printing Centers
(808) 523-0902
737 Bishop St
Honolulu, HI

Professional Image
(808) 524-8585
125 Merchant St
Honolulu, HI

Gebco Hawaii A Division Of Identisys
(808) 591-0889
415 Cooke St
Honolulu, HI

Electronic Business Machines
(808) 848-0341
444 Waiakamilo Rd
Honolulu, HI

Advanced Mailing Systems
(808) 845-0660
1427 Dillingham Blvd
Honolulu, HI

Island Copier Specialist Inc
(808) 847-4141
212 Mohonua Pl Suite A
Honolulu, HI

Toshiba Business Solutions
(808) 834-3636
590A Paiea St
Honolulu, HI

provided by:

There are many opinions regarding employee turnover. Some believe it is an inevitable fact of doing business. Others say that turnover is a symptom that indicates deeper organizational problems are present.

One thing is for sure — turnover costs a company. How much? Well, you may be surprised. The Department of Labor publishes a worksheet (www.dol.gov/cfbci/turnover.htm) that helps employers get an idea of how much it costs to replace an employee who leaves your organization. Once a company realizes the true cost of turnover, it can take steps necessary to stem the turnover tide.

Following is the worksheet published by the Department of Labor. Take a few minutes to fill it out. You might be surprised to see the true cost of employee turnover.

ESSENTIAL DATA

Employee's classification: _____________

Employee's hourly pay rate:___________

Employee's supervisor pay rate:_______

Corporate office staff pay rate (may be an average): ___________

HARD COSTS
Pre-Departure
Separation processing
Administrative time Hours _____ x Wages $_____
	= $________
Vacancy Costs
Coworker burden
Overtime; Added shifts Hours _____ x Wages $_____
	= $________
Hiring search firm or temp. agency Hours _____ x Wages $_____
	= $________
Developing advertisement(s) Administrative time Hours _____ x Wages $_____
	= $________
Placing advertisement Cost of advertising space(s) Hours _____ x Wages $_____
	= $________
Selection and Sign-On
Interviewing Hours _____ x Wages $_____
	= $________
Reference checking Hours _____ x Wages $_____
	= $________
Drug testing/psychological testing Hours _____ x Wages $_____
	= $________
Orientation & OJT Hours _____ x Wages $_____
	= $________
Total "Hard Costs" of Turnover
	= $________
SOFT COSTS
Pre-Departure Lost productivity of departing employee Exiting employee performance at 50%-75% Hours _____ x Wages $_____
	= $________
Lost productivity of co-workers Hours _____ x Wages $_____
	= $________
Increased time discussing departure and organizational conditions Increased workload for employees Hours _____ x Wages $_____
	= $________
Lost productivity of supervisor Hours _____ x Wages $_____
	= $________
During Vacancy
Lost productivity of vacant position
Overtime Added shifts Hours _____ x Wages $_____
	= $________
Lost productivity of supervisor Time spent filling in Hours _____ x Wages $_____
	= $________
Recruiting administration Supervisor's time with Schedule changes/overtime Hours _____ x Wages $_____
	= $________
Selection and Sign-On
Lost productivity during training Replacement requires Support/direction Hours _____ x Wages $_____
	= $________
Lost productivity of co-workers Existing employees distracted Hours _____ x Wages $_____
	= $________
Lost productivity of supervisor Hours _____ x Wages $_____
	= $________
Total "Soft Costs" of Turnover
	= $________
TOTAL COST OF TURNING OVER ONE EMPLOYEE
Hard Costs + Soft Costs
	= $________
FORMULA FOR ANNUAL TURNOVER COST
Number of exiting employees ________ x cost of turnover (hard + soft) $_________
	= $________

author: By Joe Escobar

Featured Local Company

Honolulu Federal Credit Union

(808) 203-5850
PO Box 2428
Honolulu, HI

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