Employee Turnover Oakland CA

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 Oakland.

Local Companies

Banagricola De El Salvador
(510) 434-9001
3411 E 12th St
Oakland, CA

Alta Alliance Bank
(510) 899-7500
1951 Webster St
Oakland, CA

American General Finance
(510) 836-2232
2101 Webster St
Oakland, CA

Bank of Alameda
(510) 748-8800
155 Grand Ave
Oakland, CA

Bay Commercial Bank
(510) 836-7750
155 Grand Ave
Oakland, CA

California Bank & Trust
(510) 419-1800
400 Thomas L Berkley Way
Oakland, CA

Bank of the West
(510) 339-8100
2023 Mountain Blvd
Oakland, CA

Ca Sav Bank
(510) 339-0534
1998 Mountain Blvd
Oakland, CA

Emax LLC
(510) 633-1452
631 85th Ave
Oakland, CA

Arrow Credit Union
(510) 562-2753
6132 Foothill Blvd
Oakland, CA

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

Banagricola De El Salvador

(510) 434-9001
3411 E 12th St
Oakland, CA

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