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Staffing the Accounting Function at Epic Health Systems, Chicago Epic Health Systems is trying to plan for proactively staffing the accounting function in their Chicago
Staffing the Accounting Function at Epic Health Systems, Chicago Epic Health Systems is trying to plan for proactively staffing the accounting function in their Chicago office. Their mission is to provide tax and auditing services to their clients. The four classifications (job titles) you have to analyze are Staff Accountant, Accounting Development Program, Accounting and Budget Coordinator and Manager, Accounting. Your assignment is to summarize their internal labor market and define their hiring needs. The probabilities are based on annual rates that are averaged over a three-year period. In other words, they are the average rate for the last three years. 1) Based on the numbers, how many people need to be hired from the outside into each of the following classifications? Staff Accountant Accounting Development Program Accounting and Budget Coordinator Manager, Accounting 2) What is the current graduation (%) rate from the Accounting Development Program into the Staff Accountant Position? 3) What is the overall annual attrition (turnover rate) for the entire accounting organization? 4) Based on the total hiring numbers (Question #1) for all four jobs, if the company offer to hire ratio is 2:1, and the interview to offer ratio is 3:1, and the candidate to interview ratio is 3:1, what do the numbers need to be at each step of the process? Hires: Offers: Interviews: Candidates: Transition Probabilities Based on the Past 2-3 Years (Forecasted Employees Needed for 2022) ACCT ADP COORD MGR % % % % 60 10 4 1 (Current 2022) Current # Job Category EXIT % Staff Accountant (ACCT) 25 200 0 Accounting Development Program (ADP) 35 50 5 0 10 80 0 Accounting and Budget Coordinator (COORD) 5 0 70 0 25 120 0 Manager, Accounting (MGR) 0 0 0 90 10 30 0 Total 430 Internal Available Net Hiring Need/Surplus Staffing the Accounting Function at Epic Health Systems, Chicago Epic Health Systems is trying to plan for proactively staffing the accounting function in their Chicago office. Their mission is to provide tax and auditing services to their clients. The four classifications (job titles) you have to analyze are Staff Accountant, Accounting Development Program, Accounting and Budget Coordinator and Manager, Accounting. Your assignment is to summarize their internal labor market and define their hiring needs. The probabilities are based on annual rates that are averaged over a three-year period. In other words, they are the average rate for the last three years. 1) Based on the numbers, how many people need to be hired from the outside into each of the following classifications? Staff Accountant Accounting Development Program Accounting and Budget Coordinator Manager, Accounting 2) What is the current graduation (%) rate from the Accounting Development Program into the Staff Accountant Position? 3) What is the overall annual attrition (turnover rate) for the entire accounting organization? 4) Based on the total hiring numbers (Question #1) for all four jobs, if the company offer to hire ratio is 2:1, and the interview to offer ratio is 3:1, and the candidate to interview ratio is 3:1, what do the numbers need to be at each step of the process? Hires: Offers: Interviews: Candidates: Transition Probabilities Based on the Past 2-3 Years (Forecasted Employees Needed for 2022) ACCT ADP COORD MGR % % % % 60 10 4 1 (Current 2022) Current # Job Category EXIT % Staff Accountant (ACCT) 25 200 0 Accounting Development Program (ADP) 35 50 5 0 10 80 0 Accounting and Budget Coordinator (COORD) 5 0 70 0 25 120 0 Manager, Accounting (MGR) 0 0 0 90 10 30 0 Total 430 Internal Available Net Hiring Need/Surplus
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