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The other day, we discussed a company that sees its workers as assets to be cherished and nurtured. Sadly, there are a lot of companies that see their employees as "human resources" to be used up and cast off. Maybe those enterprises need a better means to evaluate the wisdom of that tack.
Common Dreams reports
Employee turnover costs businesses millions of dollars each year. However, many employers don't accurately track this expense, which could be reduced by improving workplace conditions. To help business owners understand the cost of turnover, the Center for Law and Social Policy (CLASP) and Center for Economic and Policy Research (CEPR) have released an updated turnover calculator.[1] This dynamic tool allows employers to calculate turnover costs by responding to 10 simple questions.
When employees leave or are laid off, companies incur numerous expenses searching for and on-boarding their replacements; these include advertising, recruiting, background checks, benefits administration, training, and lost productivity while new employees become proficient at their jobs. Taken together, these costs can have serious implications for bottom lines. The turnover calculator allows businesses to input wages; weekly hours; and recruiting, hiring, and training costs to determine the financial impact for different categories of workers.
[1] The link(s) in the article redirect. I have provided a direct link in the summary.
(Score: 5, Insightful) by PizzaRollPlinkett on Tuesday May 19 2015, @11:00AM
The total cost of turnover simply doesn't matter. Managers think in the short term. They set the amount they want their bonus to be this year, and purge workers until they save the company enough money to pay that bonus. That's about all managers do any longer. They aren't trying to plan for the long term, because by the time their actions catch up with the company, they're long gone. Any costs associated with fixing their mess are put on someone else, who probably uses them to justify a larger budget or something. Most purged workers are not going to be replaced at all, they're probably going to be outsourced to a consulting company. If they are replaced, it will be far into the future. So this sort of analysis assumes that time is not a factor.
From what I can tell, today's managers are trained to purge workers. It's the only tool in their toolbox. The only arrow in their quiver. They don't know how to do anything else. Look at Disney. They're basically printing their own money. Their profit is billions. And they're purging IT workers and outsourcing to save money. If a company like Disney purges workers when they're not just profitable but ridiculously profitable, that basically says everything about today's corporations and today's managers. (And remember that when you're emptying your pockets buying Disney's entertainment products. How many IT workers in America will pay for the new Disney Star Wars movie?)
(E-mail me if you want a pizza roll!)
(Score: 2) by VLM on Tuesday May 19 2015, @11:21AM
How many IT workers in America will pay for the new Disney Star Wars movie?
They should have purged Jar-Jar Binks.
(Score: 3, Interesting) by Geezer on Tuesday May 19 2015, @12:29PM
Disney, along with Wal-Mart, Comcast, and a few other particularly egregious outfits, have headed my "never everpatronize" list for a long time. And I'm no SJW, I just vote with my puny little wallet.
Will that change the prevailing MBA-inspired race-to-the-bottom culture? Probably not, but I can sleep at night knowing I'm not abetting it.
(Score: 0) by Anonymous Coward on Tuesday May 19 2015, @12:45PM
I think it is getting damn near a point where such a list needs to be made public.
(Score: 2) by quadrox on Tuesday May 19 2015, @01:16PM
Not that I disagree at all, but you'd have hardly any place left where you could shop in good conscience. Maybe pick the lesser evil, but that's about it.
And then most people still won't care, so you won't change anything but inconvenience yourself.
Mind you I do try to stay away from several companies (amazon and sony amongst others) but I am not 100% strict about it unfortunately.
(Score: 0) by Anonymous Coward on Tuesday May 19 2015, @03:12PM
And then most people still won't care, so you won't change anything but inconvenience yourself.
But... but... free market... self-regulashun...
(Score: 0) by Anonymous Coward on Tuesday May 19 2015, @04:48PM
Buying from evil is never acceptable.
(Score: 2) by kaszz on Tuesday May 19 2015, @01:19PM
I think you point out the essentials in some way. The management doesn't really act rationally. So rational arguments won't bite. Otoh, this indicates a possibility to exploit the management.
(Score: 0) by Anonymous Coward on Tuesday May 19 2015, @07:23PM
By starting a consulting/outsourcing company?