Human resources finance, HR Management

The University of Mellencamp is a private, non-profit academic institution.  There are 4 colleges located in the institution.  It is located in Northern Luzerne County and sunny state of Pennsylvania.  Please look at the following statistics:

                                                 2004              2003                2002  

Undergraduate enrolment:      5000                5500                6000  

Graduate enrolment:                 600                 550                 575

There are currently 120 Full time equivalent (FTEs) faculty at the University with 10 vacant positions. The University also employs 1200 support staff and 18 persons considered management.  

Please review the following:  

                                   Administration            Faculty            Support Staff  

Turnover per year:               2                          18                      65   

Average Hourly Rate:         $55                       $35                 $12  

Aggregate benefits rate:       $5 per hour          Same            Same   

Considering the following:  

Interviewers time for new employees is 45 minutes with 20 minutes additional for preparation.  For each faculty and administration position 3 candidates are interviewed. For each support staff 2 candidates are interviewed.  The interviewer is paid $18 per hour rate.

It also takes HR 30 minutes for each person that is terminated.  

What is the cost to the University each year from a turnover standpoint?  

What recommendations would you make to decrease cost?

Posted Date: 2/27/2013 1:57:13 AM | Location : United States







Related Discussions:- Human resources finance, Assignment Help, Ask Question on Human resources finance, Get Answer, Expert's Help, Human resources finance Discussions

Write discussion on Human resources finance
Your posts are moderated
Related Questions
Question 1: (a) Clearly describe the concept of employee training. (b) Explain the benefits that an organisation derives by engaging in the training of its employees. (c)

With all the benefits that groups provide, it is not surprising that Lawler and colleagues (Lawler et al. 1995; Lawler III et al. 1998) found an increased prevalence of this organi

how to make paroll system

Primary and secondary data: Primary data is data collected specifically for the research enquiry being conducted. You could think of this in terms of generating fresh evidence

#question.what are the positive points and negative points of using tools for selecting new employees.

Information Received : You must always read the information you receive. After reading through the information you can decide what needs to be read in depth, what can be scanned a

Managerial communication Managerial communication is communication that occurs as part of the formal organizational hierarchy. Vertical communication occurs between superiors a

effective human resources management depends upon sound reward system comment


how cultural environment affect human resource management