solve

Part II - Hiring Projections These analyses will be conducted in the section entitled, "Hiring Projections." You have been asked to determine the number of hires needed in each of the next five years (2021-2025) to meet future staffing needs at MedicBit. The number of employees that work in an organization is determined by (a) the number of employees an organization hires, (b) the number of employees that leave the organization and (c) whether the organization wants to remain at its current size or whether it wants to increase or decrease its number of employees over time. Your assignment is to complete projections for the number of managers that need to be hired in each of next five years under two sets of assumptions. 1. In the first, assume the turnover rate in each of the years in your analysis is the same as the turnover rate you calculated for 2020 , and the organization wants to maintain a target number of 100 employees at the end of each year. 2. In the second, assume that same furnover rate as in Part 1, but the organization wants to have 100 managers at the end of 2021 , but then increase that number by 10 percent annually through 2025. To determine the number of employees you will need the following information. Starting Employees - For Assumption 1, this will be 100 . - For Assumption 2, this will be the target employees from the previous year. Expected Departures - This is the number of employees you expect to leave the organization each year. - For both Assumptions 1 and 2, this is calculated by taking the starting employees and multiplying it by the tumover rate. Target Employees - In Assumption 1 , it will be 100 each year. - In Assumption 2, it will start at 100 and grow by 10% each year. Hiring Projection - This is the number of new employees you will need to hire each year. - This is calculated using the following formula: Hiring Projection = Target Employees - (Starting Employees - Tirnaver ) Add footer