Strategic HRM
The hiring cost, vacancy cost and productivity loss are added into termination cost to calculate
turnover cost
volunteer turnover cost
hiring cost per employee
training cost
turnover cost
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The total number of employees are added into employee voluntary separations, to calculateA. production turnover rate
B. investment turnover rate
C. volunteer turnover rate
D. employee hiring rate
The ratio which is used to measure the average units produced by each employee in a firm is classified as
A. material; ratios
B. profitability ratios
C. productivity ratios
D. staffing ratios
If the cost to terminate is $1200, cost to hire is $500, vacancy cost is $750 and productivity loss is $250 then the turnover cost is
A. $1,700
B. $2,700
C. $1,950
D. $1,000
The operating profit held with the firm after deducting the cost of capital is classified as
A. benefits added into salaries
B. investments added
C. capitals added
D. economic value added
The agency fees, employee bonuses, recruiter’s benefits and miscellaneous cost are all added into advertising expenses to calculate
A. turnover cost
B. volunteer turnover cost
C. hiring cost per employee
D. training cost
In downsizing approaches, the encouragement of senior employees for leaving the firm is considered as
A. buyout
B. early retirement
C. attrition
D. layoffs
Considering the workforce realignment, the change in organization structure which negates the hiring procedure of laid off workers is classified as
A. workforce reduction
B. downsizing
C. upsizing
D. rightsizing
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