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What is meant by wastage analysis in human resource planning?
Oh, dude, wastage analysis in human resource planning is basically like checking out why people are leaving their jobs. It's like investigating why employees are saying "peace out" to the company. So, it's all about figuring out why folks are bouncing and making sure the company can keep its cool employees around.
What is the acceptable internal rate of absenteeism in an organisation?
The acceptable internal rate of absenteeism can vary by industry and organizational standards, but a general benchmark is often around 2-5% of total work hours. Rates exceeding this range may indicate underlying issues such as poor employee morale, ineffective management practices, or inadequate workplace conditions. Organizations should regularly assess their absenteeism rates and investigate the causes to implement appropriate interventions. Ultimately, maintaining an optimal absenteeism rate is crucial for productivity and employee well-being.
How social responsibilities of managers of organizations change over time?
Social responsibility is defined as the obligation and commitment of managers to take steps for protecting and improving society's welfare along with protecting their own interest. The managers must have social responsibility because of the following reasons:1.Organizational Resources- An organization has a diverse pool of resources in form of men, money, competencies and functional expertise. When an organization has these resources in hand, it is in better position to work for societal goals.2.Precautionary measure - if an organization lingers on dealing with the social issues now, it would land up putting out social fires so that no time is left for realizing its goal of producing goods and services. Practically, it is more cost-efficient to deal with the social issues before they turn into disaster consuming a large part if managements time.3.Moral Obligation - The acceptance of managers' social responsibility has been identified as a morally appropriate position. It is the moral responsibility of the organization to assist solving or removing the social problems4.Efficient and Effective Employees - Recruiting employees becomes easier for socially responsible organization. Employees are attracted to contribute for more socially responsible organizations. For instance - Tobacco companies have difficulty recruiting employees with best skills and competencies.5.Better Organizational Environment - The organization that is most responsive to the betterment of social quality of life will consequently have a better society in which it can perform its business operations. Employee hiring would be easier and employee would of a superior quality. There would be low rate of employee turnover and absenteeism. Because of all the social improvements, there will be low crime rate consequently less money would be spent in form of taxes and for protection of land. Thus, an improved society will create a better business environment.
What is the meaning of PmHr?
predicted maximum heart rate gud question. I want to be a doctor.predicted maximum heart rate....
What are the prerequisites of Capital Budgeting?
When making capital budgeting decisions the following need to be considered:Accounting rate of returnPayback periodNet present valueProfitability indexInternal rate of returnModified internal rate of returnEquivalent annuityReal options valuation
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 the employee turnover rate at Sprint?
100%. The chances the employee getting fired is in their 1st year after employment.
What Is safeways employee turnover rate?
Over time it's 100 percent!
What are some benefits of having a low employee turnover rate?
Turnover might be a goal for employers to reduce placement in training cost,increased productivity,enhanced customer service,or improved product quality.
What strategies can be implemented to maintain a good employee turnover rate within the company?
To maintain a good employee turnover rate, companies can implement strategies such as offering competitive salaries and benefits, providing opportunities for career growth and development, fostering a positive work culture, promoting work-life balance, and conducting regular feedback and recognition for employees.
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%
What types of workforce analytics would you collect and analyze to understand why an employer was experiencing a high turnover rate?
To understand the high turnover rate, I would collect and analyze employee demographic data, exit interview feedback, and engagement survey results. Additionally, I would examine turnover metrics such as tenure, department-specific rates, and reasons for leaving. Analyzing trends over time and correlating them with company policies or changes can also provide insights into underlying issues contributing to turnover. Finally, benchmarking against industry standards can help identify if the turnover rate is an anomaly or a common trend.
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 should you ask a potiental employer?
What would a normal working day be like in this position? How will my job performance be evaluated? What is the rate of the of employee turnover? Are there opportunities for advancement? Are flexible work schedules permitted?
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
