What can be done to improve the turnover rate

Assignment Help Operation Management

Reference no: EM132241897

What can be done to improve the turnover rate?

Considering turnover, length of training, hiring success and learning curve for new employees develop a reasonable “hire ahead” plan, which keeps newly trained employees ready to take the place of employees who leave or are promoted to other positions. The “hire ahead” plan must allow no more than 3% of the employee base in each of the new tele profit centers to consist of newly trained employees.

The following factors should be considered while developing the plan:

• There is a human resource budget of $3.5M.

• From the HR Budget, $200K will be dedicated for recruiting and selection.

• Recruiting costs will increase by 30%, but the HR budget will not increase.

• Recruiting will be conducted through Monster, CareerBuilder, Solo gig, and in various print publications in the listed cities.

• There will be 4500 applications received per month from the recruiting efforts.

• Average turnover of the tele profit representatives in the company is 7% per month.

• Average turnover of the tele profit representatives in Jacksonville is 5% per month.

• New representatives receive two weeks of training in the classroom and two weeks of “side-by-side” training before they are on their own.

• All trainer positions are exempt.

• It takes nine months for a representative to be considered “fully trained”.

Reference no: EM132241897

Questions Cloud

Determine two conflicts that could possibly arise : Determine whether or not cultural quirks could restrain the foreign manager from expressing his or her ideas readily. Provide a rationale for your response.

Discuss about the principles of financial risk analysis : Using the Internet, and principles of financial risk analysis, evaluate the considerations that a nonprofit hospital has in considering the conversion.

Scenario affect the bottom line of the company : How does this scenario affect the bottom line of the company?

Evaluate the importance of being a member of team : Evaluate the importance of being a member of a cross-functional team to a future leader. Provide a rationale for your response.

What can be done to improve the turnover rate : Considering turnover, length of training, hiring success and learning curve for new employees develop a reasonable “hire ahead” plan,

Why medical tourism is becoming popular among americans : Examine the primary reasons why medical tourism is becoming popular among Americans, and determine whether or not the health care industry should encourage.

Value proposition is important marketing concept : The value proposition is an important marketing concept. Explain the concept and give an example of how an Internet business creates value for customers.

Find a picture from a media source that contains something : Find a picture from a media source that contains either something that is producing sound waves or something that is producing light waves.

Define how you would modify assessment techniques : Compare the physical assessments among school-aged children. Describe how you would modify assessment techniques to match the age and developmental stage.

User Account

All Pages