Assignment Question
Please read chapter 3 and 6 and answer the application questions that is provided below Application question for chapter 3 Consider the interview questions for the lead drivers that are shown on page 133.
Write questions that could be used to interview the six lead driver supervisors and the two regional vice presidents.
How do these questions differ from those for the lead drivers? How are they similar?
Application question Chapter 6 The 100-employee information technology department of a financial services company had a high turnover rate.
A survey of employees revealed that the reason that most of them left was dissatisfaction with the level of training. The average turnover rate was 23 percent per year.
The cost to recruit and train one new employee was $56,625. To address the turnover problem, the company developed a skills training program that averaged 80 hours per year per employee.
The average employee wage was $35 per hour. Instructor, classroom, and other costs were $170,000.
a. What is the total cost of training? The total cost of turnover?
b. If the turnover rate dropped 8 percent (from 23 percent to 15 percent), what would be the financial benefit of the training program?
c. What is the ROI of the skills training program?
d. How much would the turnover rate have to be reduced (from 23 percent) for the training program to show a benefit?
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