Employee Turnover Phoenix AZ

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 Phoenix.

Local Companies

Neopost
(602) 274-1135
1702 E. Highland 110
Phoenix, AZ
Johnson Bank
480-595-4960
32621 N Scottsdale Rd
Scottsdale, AZ
Wells Fargo Bank
480-488-6640
34502 N Scottsdale Rd
Scottsdale, AZ
American General Finance
480-941-2780
7901 E Thomas Rd
Scottsdale, AZ
Fidelity Bank
602-912-5500
7401 E Camelback Rd
Scottsdale, AZ
Goldwater Bank
480-281-8200
7135 E Camelback Rd
Scottsdale, AZ
Interfirst Bank
480-596-6575
6615 N Scottsdale RD
Scottsdale, AZ
Blair Dennis W
480-860-1111
9333 N 90th St
Scottsdale, AZ
Imperial Capital Bank
480-348-8035
7702 E Doubletree Ranch RD
Scottsdale, AZ
Two Men and A Truck
(623) 933-2180
9192 W. Cactus
Peoria, AZ

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

Neopost

(602) 274-1135
1702 E. Highland 110
Phoenix, AZ

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