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A national association devoted to HR and workplace programs, practices, and training wants to study HR department practices and employee turnover of...
A national association devoted to HR and workplace programs, practices, and training wants to study HR department practices and employee turnover of its member organizations. HR professionals and organization executives focus on turnover not only because it has significant cost implications but also because it affects overall business performance. A survey is designed to estimate the proportion of member organizations that have both talent and development programs in place to drive human-capital management as well as the member organizations' mean annual employee turnover cost (cost to fill a frontline employee position left vacant due to turnover).
A random sample of 100 member organizations reveals the following:
- Frontline employee turnover cost: = $12,500,
