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Policy

Policy Evaluation

Part A -   Cost of each situation

NONEXEMPT     Machine Operator
1. Number of the target positions that you employ: 250
2. The number that quit in the last 12 months: 85
3. Your turnover percentage is: 34.00%
4. Average wage rate for target position: $11.50 Per Hour
5. Cost percentage of benefits for nonexempt: 28%
6. The position's total compensation is: $30617.6
7. Turnover cost percentage for nonexempt: 30%
8. Your turnover cost for nonexempt employees is: $780,749


EXEMPT     Accountant
1. Number of the target positions that you employ: 50
2. The number that quit in the last 12 months: 18
3. Your turnover percentage is: 36.00%
4. Average wage rate for target position: $3,500.00 Per Month
5. Cost percentage of benefits for exempt: 30%
6. The position's total compensation is: $54600
7. Turnover cost percentage for exempt: 100%
8. Your turnover cost for exempt employees is: $982,800


EXECUTIVE     Vice President Marketing
1. Number of the target positions that you employ: 5
2. The number that quit in the last 12 months: 2
3. Your turnover percentage is: 40.00%
4. Average wage rate for target position: $8,500.00 Per Month
5. Cost percentage of benefits for executive: 40%
6. The position's total compensation is: $142800
7. Turnover cost percentage for executive: 350%
8. Your turnover cost for executive employees is: $999,600


Your total employee turnover cost is: $ 2,763,149

Part B
Tuition Program Policy

Tuition Program Policy

Professional Development
The Company, will reimburse for expenses related to graduate degree programs.
With the rapid advances in technology, the company believes that lifelong learning is necessary.   Success in the workforce and also in life circumstances is increasingly defined by the ability to think critically, that is to be able to skillfully conceptualize, apply and evaluate strategies to ensure the desired outcomes, goal or targets are met....