Employee Turnover Seattle WA

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 Seattle.

Local Companies

Hanjin Shipping Company Ltd
(206) 447-9422
401 Alaskan Way S., Pier 46
Seattle, WA
Seattle Steam Company
(206) 623-6366
1325 4th Ave.,
Seattle, WA
Skyway Luggage Company
(206) 441-7547
30 Wall St.
Seattle, WA
Longview Fibre Company
(206) 762-7170
5901 W Marginal Way S
Seattle, WA
Matson Navigation Company
(206) 461-9230
Terminal 25 3225 East Marginal Way S
Seattle, WA
Jones Stevedoring Company
(206) 763-1130
P.O. Box 3736
Seattle, WA
United Warehouses
(206) 682-4535
P.O. Box 3837
Seattle, WA
Saltchuk Resources
(206) 652-1104
1111 Fairview Ave N
Seattle, WA
Seattle Monorail Services
(206) 905-2600
370 Thomas St.
Seattle, WA
Alexander Gow, Inc.
(206) 285-0520
221 1st Ave W
Seattle, WA

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

Hanjin Shipping Company Ltd

(206) 447-9422
401 Alaskan Way S., Pier 46
Seattle, WA
http://www.hanjin.com/