{"id":6753,"date":"2012-07-30T03:59:22","date_gmt":"2012-07-30T03:59:22","guid":{"rendered":"http:\/\/www.yourhrworld.com\/formats\/?p=6753"},"modified":"2012-07-30T08:43:22","modified_gmt":"2012-07-30T08:43:22","slug":"calculating-employee-turnover-2","status":"publish","type":"post","link":"https:\/\/www.yourhrworld.com\/formats\/hr\/calculating-employee-turnover-2\/","title":{"rendered":"Calculating Employee Turnover"},"content":{"rendered":"<p><strong>I have Attached Calculating Employee Turnover in Word Format<\/strong><\/p><div class=\"69eb924294c115e6505da44099e8df92\" data-index=\"1\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script type=\"text\/javascript\"><!--\r\ngoogle_ad_client = \"pub-0867779017855679\";\r\n\/* 300x250, created 4\/20\/11 *\/\r\ngoogle_ad_slot = \"1035864135\";\r\ngoogle_ad_width = 300;\r\ngoogle_ad_height = 250;\r\n\/\/-->\r\n<\/script>\r\n<script type=\"text\/javascript\"\r\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\r\n<\/script>\n<\/div>\n\n<p><strong><em>FACTORS INVOLVED IN CALCULATING \u201cEMPLOYEE TURNOVER\u201d:-<\/em><\/strong><\/p>\n<p>&nbsp;<\/p>\n<ol start=\"1\">\n<li>Advertising : The details of Advertising Expenses for Financial Year 2010-11\u00a0 are:-<\/li>\n<\/ol>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"top\" width=\"80\"><strong>Sr .No.<\/strong><\/td>\n<td valign=\"top\" width=\"148\"><strong>Date<\/strong><\/td>\n<td valign=\"top\" width=\"148\"><strong>Particulars<\/strong><\/td>\n<td valign=\"top\" width=\"92\"><strong>Amt<\/strong><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"80\">1.<\/td>\n<td valign=\"top\" width=\"148\">12\/01\/2011<\/td>\n<td valign=\"top\" width=\"148\">Lokmat Main Issue<\/td>\n<td valign=\"top\" width=\"92\">19,909\/-<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"80\">2.<\/td>\n<td valign=\"top\" width=\"148\">25\/01\/2011<\/td>\n<td valign=\"top\" width=\"148\">Dainik Bhaskar Main Issue<\/td>\n<td valign=\"top\" width=\"92\">1806\/-<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"80\"><strong>Total<\/strong><\/td>\n<td valign=\"top\" width=\"148\"><\/td>\n<td valign=\"top\" width=\"148\"><\/td>\n<td valign=\"top\" width=\"92\"><strong>Rs.21,715\/-<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>The amount taken is rounded i.e.Rs.22,000\/- for posts of suppose 5 sales executive requirement. Therefore, 22000\/5 = Rs.4,400.<\/p>\n<p>&nbsp;<\/p>\n<ol start=\"2\">\n<li>Other Direct Costs : It will include Uniform Expenses i.e. Rs.260\/- per Salwar Suit and Name Tag Rs. 20\/- per head. Hence the cost against one employee comes out to be:-<\/li>\n<\/ol>\n<p>= 260 *2 +20 = Rs. 540\/- (approximate Rs.600\/- is taken on sheet).<\/p>\n<p>&nbsp;<\/p>\n<ol start=\"3\">\n<li>Interviewing (costs of current employees at all levels of interviewing, from<\/li>\n<\/ol>\n<p>initial phone call through final interviews)<\/p>\n<p>&nbsp;<\/p>\n<p>The cost of HR Manager is taken as she is involved in the recruitment process. Her salary is Rs.8000\/- per month for 10 hrs duty.\u00a0 The interview timing is from 11 to 1 and 4 to 7 i.e. 5 hrs each day. The Walk-ins are for 3 continous days. Hence, the calculation comes out to be;<\/p>\n<p>= 8000\/26 = 308 per day for 10 hrs (i.e. for 5 hrs )= 308*5\/10=Rs.154\/- per<\/p>\n<p>day. = Rs.154*3 days = Rs. 462\/- per day = 462 \/ 10*60 = 0.77\u00a0 Rs. per min *15 = 11.55 Rs (approximate Rs. 12 \u00a0is taken on sheet).<\/p>\n<p>&nbsp;<\/p>\n<ol start=\"4\">\n<li>Checking reference: Approximate Rs. 10 is taken on sheet (Phone call charges and the time spent against it).<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"5\">\n<li>Lost Revenue: It includes cost of time spent from actual jobs. Hence it includes the same cost as point no.4.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"6\">\n<li>Miscellaneous indirect cost : it includes the cost incurred on phone call, Xerox, Fax) : Approximate Rs.10 is taken.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"7\">\n<li>Time spent by person\/people directly responsible for training new hire to do job = Rs.8000\/26 = Rs.308\/- per day for 10 hrs job. Hence for 1 hr contribution towards training sales executive = 308*1\/10 = Rs.31 each day. = 31*26 days = Rs.806 per month. Hence for six months, the amount comes out to be = 806*6 = Rs.4836 (i.e. approximate Rs.5000 is taken on sheet).<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"8\">\n<li>Cost per participant of general training programs, training materials, seminars for new hires = Rs. 3000\/- (three\u00a0 modules of training MASTERING PRODUCT, CUSTOMER CONNECT &amp; RACING AHEAD)\u00a0 i.e. Rs.1000\/- per training.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"9\">\n<li>On-the-job training costs before employee becomes fully productive: It will include the six months salary of that sale executive. Rs.4000 times 6 months = Rs.24000\/-.<\/li>\n<\/ol>\n<p><strong>\u00a0<a href=\"https:\/\/www.yourhrworld.com\/formats\/wp-content\/uploads\/2012\/07\/Calculating-Employee-Turnover.doc\">Click Here To Download Calculating Employee Turnover<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>I have Attached Calculating Employee Turnover in Word Format FACTORS INVOLVED IN CALCULATING \u201cEMPLOYEE TURNOVER\u201d:- &nbsp; Advertising : The details of Advertising Expenses for Financial Year 2010-11\u00a0 are:- Sr .No. Date Particulars Amt 1. 12\/01\/2011 Lokmat Main Issue 19,909\/- 2. 25\/01\/2011 Dainik Bhaskar Main Issue 1806\/- Total Rs.21,715\/- &nbsp; The amount taken is rounded i.e.Rs.22,000\/- for posts of suppose 5 sales executive requirement. Therefore, 22000\/5 = Rs.4,400. &nbsp; Other Direct Costs : It will include Uniform Expenses i.e. Rs.260\/- per Salwar Suit and Name Tag Rs. 20\/- per head. Hence the cost against one employee comes out to be:- =<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[1397,258,1398],"class_list":["post-6753","post","type-post","status-publish","format-standard","hentry","category-hr","tag-calculating","tag-employee","tag-turnover"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Calculating Employee Turnover - HR Letter Formats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yourhrworld.com\/formats\/hr\/calculating-employee-turnover-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Calculating Employee Turnover - HR Letter Formats\" \/>\n<meta property=\"og:description\" content=\"I have Attached Calculating Employee Turnover in Word Format FACTORS INVOLVED IN CALCULATING \u201cEMPLOYEE TURNOVER\u201d:- &nbsp; Advertising : The details of Advertising Expenses for Financial Year 2010-11\u00a0 are:- Sr .No. Date Particulars Amt 1. 12\/01\/2011 Lokmat Main Issue 19,909\/- 2. 25\/01\/2011 Dainik Bhaskar Main Issue 1806\/- Total Rs.21,715\/- &nbsp; The amount taken is rounded i.e.Rs.22,000\/- for posts of suppose 5 sales executive requirement. Therefore, 22000\/5 = Rs.4,400. &nbsp; Other Direct Costs : It will include Uniform Expenses i.e. Rs.260\/- per Salwar Suit and Name Tag Rs. 20\/- per head. 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Advertising : The details of Advertising Expenses for Financial Year 2010-11\u00a0 are:- Sr .No. Date Particulars Amt 1. 12\/01\/2011 Lokmat Main Issue 19,909\/- 2. 25\/01\/2011 Dainik Bhaskar Main Issue 1806\/- Total Rs.21,715\/- &nbsp; The amount taken is rounded i.e.Rs.22,000\/- for posts of suppose 5 sales executive requirement. Therefore, 22000\/5 = Rs.4,400. &nbsp; Other Direct Costs : It will include Uniform Expenses i.e. Rs.260\/- per Salwar Suit and Name Tag Rs. 20\/- per head. Hence the cost against one employee comes out to be:- =","og_url":"https:\/\/www.yourhrworld.com\/formats\/hr\/calculating-employee-turnover-2\/","og_site_name":"HR Letter Formats","article_published_time":"2012-07-30T03:59:22+00:00","article_modified_time":"2012-07-30T08:43:22+00:00","author":"Hrformats","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Hrformats","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yourhrworld.com\/formats\/hr\/calculating-employee-turnover-2\/#article","isPartOf":{"@id":"https:\/\/www.yourhrworld.com\/formats\/hr\/calculating-employee-turnover-2\/"},"author":{"name":"Hrformats","@id":"https:\/\/www.yourhrworld.com\/formats\/#\/schema\/person\/12e40c15a77b1929a013a8c83de187ee"},"headline":"Calculating Employee Turnover","datePublished":"2012-07-30T03:59:22+00:00","dateModified":"2012-07-30T08:43:22+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yourhrworld.com\/formats\/hr\/calculating-employee-turnover-2\/"},"wordCount":391,"commentCount":0,"keywords":["Calculating","Employee","Turnover"],"articleSection":["HR"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yourhrworld.com\/formats\/hr\/calculating-employee-turnover-2\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yourhrworld.com\/formats\/hr\/calculating-employee-turnover-2\/","url":"https:\/\/www.yourhrworld.com\/formats\/hr\/calculating-employee-turnover-2\/","name":"Calculating Employee Turnover - HR Letter Formats","isPartOf":{"@id":"https:\/\/www.yourhrworld.com\/formats\/#website"},"datePublished":"2012-07-30T03:59:22+00:00","dateModified":"2012-07-30T08:43:22+00:00","author":{"@id":"https:\/\/www.yourhrworld.com\/formats\/#\/schema\/person\/12e40c15a77b1929a013a8c83de187ee"},"breadcrumb":{"@id":"https:\/\/www.yourhrworld.com\/formats\/hr\/calculating-employee-turnover-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yourhrworld.com\/formats\/hr\/calculating-employee-turnover-2\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.yourhrworld.com\/formats\/hr\/calculating-employee-turnover-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yourhrworld.com\/formats\/"},{"@type":"ListItem","position":2,"name":"Calculating Employee Turnover"}]},{"@type":"WebSite","@id":"https:\/\/www.yourhrworld.com\/formats\/#website","url":"https:\/\/www.yourhrworld.com\/formats\/","name":"HR Letter Formats","description":"Free Human Resource Forms, Formats &amp; Questionnaires","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yourhrworld.com\/formats\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.yourhrworld.com\/formats\/#\/schema\/person\/12e40c15a77b1929a013a8c83de187ee","name":"Hrformats","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2ee0a9b5831e6c2a1d7162d4eb62c22eb1c468a34c4fdcac6e7b5df7fcde2302?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2ee0a9b5831e6c2a1d7162d4eb62c22eb1c468a34c4fdcac6e7b5df7fcde2302?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2ee0a9b5831e6c2a1d7162d4eb62c22eb1c468a34c4fdcac6e7b5df7fcde2302?s=96&d=mm&r=g","caption":"Hrformats"},"url":"https:\/\/www.yourhrworld.com\/formats\/author\/hrformats\/"}]}},"_links":{"self":[{"href":"https:\/\/www.yourhrworld.com\/formats\/wp-json\/wp\/v2\/posts\/6753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yourhrworld.com\/formats\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yourhrworld.com\/formats\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yourhrworld.com\/formats\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yourhrworld.com\/formats\/wp-json\/wp\/v2\/comments?post=6753"}],"version-history":[{"count":0,"href":"https:\/\/www.yourhrworld.com\/formats\/wp-json\/wp\/v2\/posts\/6753\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.yourhrworld.com\/formats\/wp-json\/wp\/v2\/media?parent=6753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yourhrworld.com\/formats\/wp-json\/wp\/v2\/categories?post=6753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yourhrworld.com\/formats\/wp-json\/wp\/v2\/tags?post=6753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}