Question

Using the table and figures below, determine cost of the turnover of this type of employee 

An LPN makes $30,000 per year. The benefits cost for this position is 30% per employee. It takes 2 months for an LPN to become fully productive. This facility has a fairly high turnover rate, as 20 LPN’s have quit in the past twelve months. 

Using the table and figures below, determine cost of the turnover of this type of employee 

An LPN makes $30,000 per year. The benefits cost for this position is 30% per employee. It takes 2 months for an LPN to become fully productive. This facility has a fairly high turnover rate, as 20 LPN’s have quit in the past twelve months. 

A.

Annual pay

Type answer here

B.

Percentage of pay for benefits multiplied by annual pay

Type answer here

C.

Total employee annual cost (A +B)

Type answer here

D.

Number of employees who voluntarily quit in the past 12 months

Type answer here

E.

Number of months it takes to being fully productive

Type answer here

F.

Per person turnover cost ([E/12] X C X 50%)

Type answer here

G.

Annual turnover for this job (F X D)

Type answer here

Answer 1

cicer, Annceal day - $30000/year Benefits a 30%. / employer 2 morts for felly productive 7 20 UN's quit in Past 12 months Here, the table becomes: -

9000 20:3* 30000 2 A. Annual Pay - 30000 3. 7. q pay benfis x Annual Pay - c. Total enplega Anneal cost - 39000 D. No. of employee quit in past 12 months = 20 E. No. of months it takes to being felly productive - 3 f. Per person turnover cost - 2 x 39000x os = 383250 G. Annecal turnover for this job- 3250 + 20 - 3270 (using the formulas given with each call, the above Ucelers are calculated). 12