Calculate annual turnover cost at your operation for the following 3 positions:
1) Position: Sales Associate Average wage: $9.25/hr Cost of Benefits: 32%
Number of employees: 70 Number of turnovers: 15 Turnover cost %: 40%
2) Position: Sales Manager Average wage: $3,450/mo Cost of Benefits: 38%
Number of employees: 15 Number of turnovers: 5 Turnover cost %: 100%
3) Position: Regional Manager Average wage: $5,900/mo Cost of Benefits: 42%
Number of employees: 3 Number of turnovers: 1 Turnover cost %: 300%
Identity the following as you complete this activity:
• How many hrs are worked weekly? Monthly ? Annually ?
• What is the annual salary by position?
How much will your losses cost for each position? For all losses?