Evaluating the Financial Impact of Human Resource Management
Activities: Reduced Turnover Costs
I. OBJECTIVES
A. To provide you with practice in analyzing data and drawing conclusions regarding managerial implications.
B. To make you aware of the potential costs of controllable, dysfunctional turnover and its impact on nel income or profit.
C. To make you aware of the potential benefits of human resource management activities to an.organization's "bottom line."
II. OUT-OF-CLASS PREPARATION TIM E: 2 hours
Ill. IN-CLASS TIME SUGGESTED: 45 minutes
IV. PROCEDURES
Read the entire exercise, including the "Background" on the Charlotte Health System and the three exhibits. Using the data in the exhibits, do the calculations (on your OWI1, prior to class) requested on Fonn 2. Then as.~emble groups of three to five students during the class period and discuss each of the questions. At the end of the class period, have a spokesperson for each group discuss the group's answers and rationale with the entire class.