Turnover Cost Employee turnover is expensive. In this assignment you will calculate the cost of hiring and training new employees to fill positions that are open because of turnover. In the process you should gain a better understanding of the importance of reducing turnover so you can free up budget to spend on improving productivity and employee relations. 1. Given turnover of 10%, calculate the number of open positions that will need to be filled, along with the hiring, training, and total costs for each level. Assume all positions are filled by external hires. Number Job Number Openings Minimum Total Cost Level Employees @ 10% Hiring Cost Training Cost (Hiring + Training) Turnover 5 20 5 4 3 4 25 3 50 N 60 1 500 Total