Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are given the following data regarding the costs and payoffs from employer-subsidized child-care arrangements in your 159 person professional services organization. Before offering childcare,

You are given the following data regarding the costs and payoffs from employer-subsidized child-care arrangements in your 159 person professional services organization. Before offering childcare, employees missed 850 days of work each year. That has been cut by 170 days a year at a cost savings of 315$/day in direct costs. Likewise, voluntary turnover among high performers has dropped by 22%, saving the company 1.1 million each year in costs that were not incurred. The full cost of child care program is 650,000$. What is the ROI of this investment?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Cost Accounting

Authors: Edward J. Vanderbeck

14th Edition

0324374178, 978-0324374179

More Books

Students also viewed these Accounting questions

Question

Identify the vertex of each parabola. f(x)=x-4

Answered: 1 week ago