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
There is a widespread inaccurate assumption that people know how to work in teams. It is all too common that organisations implement teams without providing training for employees.

Q. What do you mean by Selection tests? Meaning & definition: tests are the important device used in the selection of the candidates. A test is designed to measure such skills

Assess the contribution that effective Human Resource Planning can make to an organization's ability to manage its' people efficiently and effectively. Use examples where appropria

Work/Life benefits are "non-traditional" employee benefits that help employees in organizing their lives. Employers buy these services from vendors and they are presented to employ

What approaches to justifying the investment might Silvia consider

Process of the job analysis: jobs can be analyzed through a process, which consists of the six basic steps. These steps consist of collection of background information, selection

Promotion and Transfers Promotion refers to upward movement of worker from present job to another that is higher in, responsibility, pay and/or organisational level. Promotion

Define knowledge. State its characteristics. Knowledge is what the knower knows. It is specific to the knower, created from information, integrated with experience, reflected u


“Effective Human Resources Management depends upon sound reward system”. Comment