As the HR manager you have been asked to provide the senior management team with turnover costs for one high turnover position. Using textbook or available online resources, calculate turnover and analyze the variables involved. Also, identify any other data that might be relevant. Finally, how have you observed/felt the ramifications of turnover in your workplace/former workplace? The position is: Machine operator Number of turnovers (people who left): 85 Average wage: $11.50/hour Number of employees: 250 Cost of benefits : 33%

Answer:
Turn over rate = 100* Number of employees left the job/ Total number of employees
=100 *(85/250) = 33.33%.
Theoretically Turnover cost involves the following,
Separation cost
Vacany cost
Replacement cost
So approximate turnover cost is, = 365 days * 8 hours/ day * Wages per hour * 33.33% *No of Employ
= 365 * 8 * $11.50 * 33.33% * 250
= $27,98,054/-
Thanks.
 
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