To complete this you are tasked with using Global Protechs HR intranet site, to address the following in a minimum 10-slide PowerPoint presentation, including detailed speaker notes
To complete this you are tasked with using Global Protech’s HR intranet site, to address the following in a minimum 10-slide PowerPoint presentation, including detailed speaker notes.
- Using the Global Protech Turnover Calculations (Excel document), identify the variations in turnover by the three position types listed.
- Considering the positions with the highest turnover rates, identify the reasons why employees are leaving.
Hint: Be sure to use Global Protech’s HR intranet to find additional information to help identify why employees are leaving.
- Using the turnover metrics above, develop a retention incentive/benefit recommendation for the executive team.
- Calculate the specific cost per employee of your recommended retention incentive/benefit, and then show the return on investment of the
https://cdn-media.waldenu.edu/2dett4d/Walden/MHRM/PROG/Global_ProTech/index.html
Formulas
| Global Protech Turnover Calculations | ||
| Formulas: | 1 | Divide # terminations by # employees (if given for a year) |
| 2 | If annual cash compensation not given, multiply hourly rate by 2,080; weekly by 52; monthly by 12. If paid every 2 weeks, multiply by 26; if paid twice a month, multiply by 24. | |
| 3 | Multiply Cost of Benefits % by annual salary | |
| 4 | Add Annual salary and Benefit Cost to get Total Compensation | |
| 5 | Multiply Total Compensation by "Turnover Cost as a % | |
| 6 | Multiply Turnover Cost Per Employee by # of Terminations |
Turn Over Calculations
| CALL CENTER REPRESENTATIVES | Turnover % 1 | Annual Cash Compensation per Employee 2 | Benefit Cost Per Employee 3 | Total Compensation Per Employee 4 | Turnover Cost Per Employee 5 | Total Turnover $ 6 | ||
| Employees | 250 | |||||||
| Terminations | 85 | |||||||
| Average Wage Rate | $15.50 | hour | ||||||
| Cost of Benefits as a % | 28% | |||||||
| Turnover Cost as a % | 33% | |||||||
| ACCOUNTANTS | Turnover % 1 | Annual Salary per Employee 2 | Benefit Cost Per Employee 3 | Total Compensation Per Employee 4 | Turnover Cost Per Employee 5 | Total Turnover $ 6 | ||
| Employees | 50 | |||||||
| Terminations | 18 | |||||||
| Average Wage Rate | $5,500 | month | ||||||
| Cost of Benefits as a % | 30% | |||||||
| Turnover Cost as a % | 100% | |||||||
| VP OF MARKETING | Turnover % 1 | Annual Salary per Employee 2 | Benefit Cost Per Employee 3 | Total Compensation Per Employee 4 | Turnover Cost Per Employee 5 | Total Turnover $ 6 | ||
| Employees | 5 | |||||||
| Terminations | 2 | |||||||
| Average Wage Rate | $9,500 | month | ||||||
| Cost of Benefits as a % | 40% | |||||||
| Turnover Cost as a % | 350% | |||||||
| TOTAL – Total turnover amount for the three rows of calculations, above. |
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