Explore BrainMass
Share

Managerial Turnover: A Problem?

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Read the Applications problem, Managerial Turnover: A Problem?, found on page 731-732 in your textbook.

Answer the questions that fall after the case description; these are the five questions found in the middle of page 732

Each question should be numbered, answered separately, and be at least 200 words in length

Heneman, H. G., Judge, T. A., & Kammeyer-Mueller, J. D. (2012). Staffing organizations (7th ed.). Middleton, WI: Mendota House

© BrainMass Inc. brainmass.com October 25, 2018, 9:04 am ad1c9bdddf
https://brainmass.com/business/managing-teams/managerial-turnover-a-problem-562711

Attachments

Solution Preview

1. The loss of thirty managers of one hundred and twenty in one year is the cause for concern. This equates to a 25 percent turnover rate, which means for every four employees, one will leave. High turnover is detrimental to organizations for a variety of reasons. Every time someone leaves there is a need to replace that person. This means recruiting, interviewing, and staffing functions must be activated. There are costs associated with hiring new people, including training. There are also benefits to retaining current employees in terms of organizational knowledge and establishing an esprit de corps. In addition, it is more difficult to hire people when an organization has high turnover. Morale is typically worse, and job seekers may be aware of the turnover, and concerned over the reasons. The situation must be evaluated to determine the reason for the turnover. It should also be compared to the turnover rates in the health care laundry industry as well as the turnover rates for the geographic area. In reality, there is not a "right" number for the amount of personnel change that is acceptable. This is one of the reason companies perform exit interviews, to gather information from departing employees to improve the workplace and uncover issues.

2. In order to learn more about managerial turnover, HealthCareLaunderCare (HCLC) must review the employment history of each of the managers who have left the company in the past year (and potentially further back, depending upon the findings). A spreadsheet could be developed, to include key information. I would look at where the manager was based, the unit manager, the site manager, and their length of employment. I would also include information regarding punitive action taken ...

Solution Summary

This solution is based upon a case study regarding HealthCareLaunderCare (HCLC). It answers questions in detail in regards to managerial turnover.

$2.19
See Also This Related BrainMass Solution

Financial & Managerial Accounting problem.

A condensed balance sheet for Bradford Corporation Prepared at the end of the year appears as follows:
Assets Liabilities & Stockholders' Equity
Cash........................................... $ 95,000 Notes payable (due in
Accounts receivable............... 155,000 6 months)........................... $ 40,000
Inventory................................. 270,000 Accounts payable.................. 110,000
Prepaid expenses................... 60,000 Long-term liabilities............. 360,000
Plant & equipment (net)....... 570,000 Capital stock, $ 5 par............ 300,000
Other assets............................. 90,000 Retained earnings................. 430,000
Total.......................................... $ 1,240,000 Total........................................ $ 1,240,000

During the year the company earned a gross profit of $ 1,116,000 on sales of $ 2,950,000. Accounts receivable, inventory and plant assets remained almost constant in amount throughout the year.
Compute the following:
a. Current ratio.
b. Quick ratio.
c. Working capital.
d. Debt ratio.
e. Accounts receivable turnover (all sales were on credit).
f. Inventory turnover.
g. Book value per share of capital stock.

Please see attached file for the formatted chart.

View Full Posting Details