As the HR manager you have been asked to provide the senior management team with turnover costs for one high turnover position. Using textbook or available online resources, calculate turnover and analyze the variables involved. Also, identify any other data that might be relevant. Finally, how have you observed/felt the ramifications of turnover in your workplace/former workplace?
The position is: Machine operator
Number of turnovers (people who left): 85
Average wage: $11.50/hour
Number of employees: 250
Cost of benefits : 33%