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posted by n1 on Tuesday May 19 2015, @06:38AM   Printer-friendly
from the real-costs dept.

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.

 
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  • (Score: 3, Interesting) by Geezer on Tuesday May 19 2015, @12:29PM

    by Geezer (511) on Tuesday May 19 2015, @12:29PM (#185039)

    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.

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  • (Score: 0) by Anonymous Coward on Tuesday May 19 2015, @12:45PM

    by Anonymous Coward on Tuesday May 19 2015, @12:45PM (#185043)

    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

      by quadrox (315) on Tuesday May 19 2015, @01:16PM (#185049)

      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

        by Anonymous Coward on Tuesday May 19 2015, @03:12PM (#185084)

        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

        by Anonymous Coward on Tuesday May 19 2015, @04:48PM (#185129)

        Maybe pick the lesser evil, but that's about it.

        Buying from evil is never acceptable.