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6. You have just signed on as the Manager of Human Resources for a large manufacturing company in the Chicago area. Your company manufactures parts to the automotive industry such as air duct assemblies for various models of new vehicles as well as to the secondary market for these same parts. Upon conducting an audit of HR initiatives and trying to understand the challenges you want to tackle, you find that the overall turnover rate for this company is 37%. You have not worked in this specific industry but you feel at first glance that this number is high. Based on this limited information that you have, lay out a strategy for addressing turnover. You should include the following in your answer: a. Is the 37% turnover a cause for concern? How would you find out and why or why not? b. What additional data should you try to gather to learn more about the turnover in this organization? Remember that your textbook discusses different kinds of turnover and this should be addressed in your answer along with any benefits of turnover. c. Assuming that you find that turnover is problematic, what strategies might you suggest to the CEO to address the issue, specifically addressing the possible causes of the high turnover in your answer. Your answer should include specific strategies that the company may want to consider to reduce turnover. Exhibit 14.11 on page 696 of your text may be helpful in formulating your response.
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What is the net advantage to leasing (NAL), in thousands?
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The bank's cost of secured debt is 14%, and its cost of capital is 20%. Calculate the net advantage to leasing.
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