In the context of the components of turnover costs, list the eight cost elements associated with replacing employees who leave.

What will be an ideal response?


The eight cost elements associated with replacing employees who leave an organization are the following:

1. Communicating job availability
2. Pre-employment administrative functions-for example, accepting applications and checking references
3. Entrance interview, or perhaps multiple interviews
4. Testing and/or other types of assessment procedures
5. Staff meetings, if applicable, to determine if replacements are needed, to recheck job analyses and job specifications, to pool information on candidates, and to reach final hiring decisions
6. Travel and moving expenses-for example, travel for all applicants and travel plus moving expenses for all new hires
7. Postemployment acquisition and dissemination of information, for example, all the activities associated with in-processing new employees
8. Medical examinations, if applicable, either performed in-house or contracted out

Business

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