Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Given the following information, calculate and select the appropriate metric answer. PR (average job performance of new hires) = 30% HP (percentage of new hires
Given the following information, calculate and select the appropriate metric answer. PR (average job performance of new hires) = 30% HP (percentage of new hires reaching acceptable productivity with acceptable time frame) = 70% N (number of indicators) = 4 HR (percentage of new hires retained after 1 year) = 20% Cost of recruitment - 50% Quality-of-fill = 30% Time-to-fill = 80% Yield ratio = 20% Use your knowledge of recruiting strategies to answer the following question. The vice president of HR at a financial services firm discovered that the turnover rate for analyst positions has been running at around 50% per year. She has asked you to identify strategies that can be implemented to reduce voluntary turnover. What kinds of strategies would you recommend to the CEO? Increase worker base pay by 2% Implement team level incentives across the board to all employees. Increase hiring for all positions in the organization. Implement low-cost but highly effective flexible work options (e.g., flextime, compressed work schedules)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started