AVERAGE EMPLOYMENT LEVELS FOR SEAT OF KNOWLEDGE

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Machining/Fabricating 47 47 50 49 51 51 52 51 51 50 52 53

Shipping/Receiving 24 23 25 25 25 23 24 24 24 24 24 24

Welding 30 31 34 34 33 32 32 33 33 38 43 43

Paint/Assembly 26 30 30 30 29 36 34 33 36 37 36 35

TURNOVER

Date Department Reason

04/12 Machining/Fabricating Other Job

05/23 Machining/Fabricating Other Job

06/08 Machining/Fabricating Other Job

06/13 Machining/Fabricating No reason given

7/12 Machining/Fabricating Other Job

08/09 Machining/Fabricating Personal

08/17 Machining/Fabricating Personal

08/28 Machining/Fabricating Other Job

09/14 Machining/Fabricating Other Job

10/15 Machining/Fabricating Retired

10/15 Machining/Fabricating Temp. LF*

10/15 Machining/Fabricating Temp. LF

11/01 Machining/Fabricating Temp. LF

11/14 Machining/Fabricating Other Job

12/03 Machining/Fabricating Discharged

12/03 Machining/Fabricating Temp. LF

12/03 Machining/Fabricating Temp. LF

12/06 Machining/Fabricating Other Job

04/26 Paint/Assembly Other Job

05/18 Paint/Assembly Medical reasons

07/05 Paint/Assembly Other Job

07/27 Paint/Assembly Moving

07/31 Paint/Assembly Other Job

09/05 Paint/Assembly Other Job

04/27 Shipping/Receiving Decline in work load

05/25 Shipping/Receiving Retired

06/28 Shipping/Receiving Personal

07/12 Shipping/Receiving Discharged

07/20 Shipping/Receiving No reason given

07/23 Shipping/Receiving No reason given

08/30 Shipping/Receiving Other Job

01/12 Welding Other Job

12/03 Welding Discharged

12/03 Welding Temp. LF

12/03 Welding Temp. LF

12/03 Welding Temp. LF

12/03 Welding Temp. LF

12/17 Welding Discharged

12/17 Welding Temp. LF

12/17 Welding Temp. LF

12/17 Welding Temp. LF

12/17 Welding Temp. LF

*LF = Layoff

Assume the cost of advertising, selection, interviewing, and orientation is $200 per employee who leaves, the average cost of training is $1000 per employee who leaves, and $1260 is lost in productivity for each employee who leaves. Severance pay for any discharged employee is the equivalent of 2 weeks pay and the average annual base pay for terminated employees was $36,400. What is the estimated total cost of turnover for Seat of Knowledge this year? How much does turnover cost per employee?