0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is meant by wastage analysis in human resource planning?
Wastage analysisConcept, meaning and definition- It is an element of labour turnover- It is severance from the organization, which includes voluntary retirement, normal retirement, resignations, deaths and dismissals.- It decreases with the increase of length of service.- It also decreases with increased skill exercise and age.- In human services, turnover, or employee withdrawal behavior, has become a serious personnel problem.- Turnover creates consider¬able costs for the organization, decreases productivity, disrupts worker relationships, and can increase waste and accidents.- Thus turnover must be considered during human resource planning es¬pecially in regard to supply forecasting.- Organizations must expect a certain amount of turnover, but they must also be able to calculate and evaluate their turnover rate.- To calculate turnover rates, administrators must first define a "turn¬over." Discharges, retirements, and deaths may be areas that create problems in the definition. Once a definition is determined, however, data collection and calculation of turnover rates is relatively straight¬forward: Count the number of turnovers and then compare that number with the total number of employees. From this, a percentage rate is determined.- Evaluation of turnover is a bit more complex. There are a number of ways to conduct turnover analysis;o comparison studies are among the simplest.o Administrators may want to compare the turnover rate in their organizations with that of other organizations, with data presented by government agencies or trade organizations, or with organizational objectives.o Although these comparisons can be valuable, they provide little information in regard to the organization's indi¬vidual situation.o Thus administrators might also want to compare the rate internally (Watts & White, 1988). Internal turnover comparisons often involve the dividing of em¬ployees who have left by a variety of factors: department, supervisor, performance level, length of employment, and career path (external hire or internal hire/promotion). The division of employees in this way can provide insight into the causes of turnover.o Qualitative information to supplement the analysis can be obtained by job satisfaction surveys or exit interviews. Ultimately, solutions or pre¬ventative strategies can be sought.Difference methods of Wastage Analysis- Labour Turnover Index:- It indicates the number of leavers as percentage to average number of employees.- Labour Turnover = Number of employees leaving/Average number of employees employed * 100.Stability indexConcept, meaning and definition:- Stability Index = number with more than 1 year service now / total employed 1 year ago * 100
How much does a FedEx managers make a year?
A FedEx Operations Manager makes $60 thousand a year. A Service Manager makes $38 thousand a year.
What is the difference between sales turnover and labor turnover?
Sales turnover is often expressed in monetary terms but can also be expressed in terms of the total amount of stock or products sold within a specific time period, usually a year. Whereas Labour turnover is the ratio of the number of employees that leave a company through attrition, dismissal, or resignation during a period to the number of employees on payroll during the same period.
How a UPS Manager cut turnover?
simi lai eh?
How much does a fedex senior manager make?
80,000 - 105,000
Which body of congress has a higher turnover rate than the other?
the house has a turnover rate of 93% the senate is closer to 80%
Does FedEX have a flat rate envelope?
No.
What is the definition of staff turnover?
In a human resources context, turnover or staff turnover or labour turnover is the rate at which an employer gains and loses employees. Simple ways to describe it are "how long employees tend to stay" or "the rate of traffic through the revolving door".
What is turnover rate of plasma glucose pool?
Glucose is available in pools of plasma once it is created by biological processes. The turnover rate has to do with energy expenditure for the animal.
What are the risk of employee turnover?
Employment turnover is basically the rate the company needs to replace the employees who had left the company. For example, when somebody said the company's employment turnover rate is high, meaning many people left the company.
What is relationship of asset turnover rate to the rate of return on total assets?
It is the ratio..
What is the turnover rate in the dental hygienist field?
high
How do you calculate accounts receivable turnover rate?
Net Sales / Average Accounts Receivable = Account Receivable Turnover
What is the turnover rate of 3500 gallon commercial spa that has a flow rate of 150 gpm?
150
What is the turnover rate of a 3500 gallon commercial spa that has a flow rate of 150 gpm?
150
What is the turnover of the RSPCA?
In 1987 they had a turn over rate of £23 million. But after much research I fold their turnover for 2012 to have been £28 million.
Who do you calculate a monthly apartment turnover rate?
The monthly apartment turnover rate is calculated by dividing the number tenants who moved out by the total number of apartments. It is important that you only consider one tenant per apartment.
