Turnover Research Paper Example | Topics and Well Written Essays - 1000 words

Turnover - Research Paper Example = $ 2,059,200+ $ 187,200 = $ 2,246,400 The Administrative staff Turn Over Cost: 1- Administration turnover per year = 2 2- Number of Interviews to be conducted for one Administrative staff recruitment = 2* 3 = 6 3- Time taken in each interview = 45 min + 20 min = 65 min per interview 4- Total time required to be spent on Administrative staff turn over interviews = number of interviews * time of interview * hourly cost of interview = 6* [65/60] * $ 18 = $ 117 5- Total cost of Administration Staff for the University of Mellencamp = Hourly rate payment + Benefits + turn over cost = $ 2,059,200+ $ 187,200 + $ 117 = $ 2,246,517 Cost of Support Staff: Assumption: The working hours for an employee of the University of Mellencamp are 8 hours per day and the University works 5 days per week. e. Present Support Staff = 1200 f. Number of working hours in a week = 40 g. Therefore, working hours in a year of 52 weeks = 52*40 = 2080 hours h. So, cost of Support Staff to University of Mellencamp = Hours of work * Hourly rate* number of Support Staff = 2080 * $ 12 * 1200 = $ 29,952,000 (ii) Benefits to Support Staff = 2080 * $ 5* 1200 = $ 12,480,000 (iii) Cost of Support Staff = Payment of Hourly rate + Payment of benefits = $ 29,952,000 + $ 12,480,000= $ 42,432,000 The Support Staff Turn Over Cost for the University of Mellencamp 5- Support Staff turnover per year = 65 6- Number of Interviews to be conducted for one Support Staff recruitment = 65*2 = 130 7- Time taken in each interview = 45 min + 20 min = 65 min per interview 8- Total time required to be spent on Support Staff turn over interviews = number of interviews * time of interview * hourly cost of interview = 130* [65/60] * $ 18 = $ 2,535 5- Total...If more details of University courses being taught are made available it could help the decision making more viable. The above being the actual turnover position of the University of Mellencamp it is essential that the institution has to rethink on the points arrived as recommendations above. The activities of the institution will become cost effective only if radical changes are implemented with immediate effect.