Assume that training results in a 10 percent reduction in your turnover rate. Also, assume that the
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Assume that training results in a 10 percent reduction in your turnover rate. Also, assume that the cost of a turnover is 1.5 times the departing employee’s salary. For a given average employee salary of your choosing, estimate the reduced costs due to the reduction in turnover.
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Lets say the average employee salary is 50000 If the turn...View the full answer
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Related Book For 
Managing Human Resources
ISBN: 9780135196007
9th Edition
Authors: Luis Gomez-Mejia, David Balkin, Kenneth Carson
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