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Aa.59.

Aa.59.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Aa.59.

 

break-down: Total employees: 243 Line managers: 10 Supervisors: 20 Administrative staff: 8 Production workers: 205 During last year, three line managers resigned, two supervisors left to work for DuPont, and three were fired. Three members of the administrative staff were pregnant; one of the three resigned. Regarding your production workforce, 21 are not working for your unit anymore. Of those, six were fired, two died, and four retired. Of the remaining, five transferred to another unit within Reynolds and four resigned. Of the ones that resigned, two left for other jobs in the Richmond area, one moved to Minnesota to get married, and one went back to VCU to get her MBA. You are very concerned about turnover. Assuming the average salary is $65,000, what is the total cost of turnover?
Transcribed Image Text:break-down: Total employees: 243 Line managers: 10 Supervisors: 20 Administrative staff: 8 Production workers: 205 During last year, three line managers resigned, two supervisors left to work for DuPont, and three were fired. Three members of the administrative staff were pregnant; one of the three resigned. Regarding your production workforce, 21 are not working for your unit anymore. Of those, six were fired, two died, and four retired. Of the remaining, five transferred to another unit within Reynolds and four resigned. Of the ones that resigned, two left for other jobs in the Richmond area, one moved to Minnesota to get married, and one went back to VCU to get her MBA. You are very concerned about turnover. Assuming the average salary is $65,000, what is the total cost of turnover?
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