In: Accounting
1. Complete the table below by estimating the number of resignations at each job level based on the percentage turnover, and calculating the positions that need to be filled for the next quarter based on the estimate of the required number of employees.
Job Level
5 | 4 | 3 | 2 | 1 | |
Previous Employees | 20 | 25 | 50 | 60 | 500 |
Est. Resignations @ 10% Turnover | |||||
Est. Employees Required | 20 | 25 | 50 | 61 | 505 |
Postions to Fill |
2. State the promotion policy you will use when filling positions.
3. Now copy the number of positions that need to be filled from the table above, and apply your policy to show the promotions and external hires you will use to fill the positions. Keep in mind that promoting a lower level employee to the next level will cause an additional opening for a position in the lower level.
Job Level
5 | 4 | 3 | 2 | 1 | |
Positons to Fill | |||||
Internal Promotions | |||||
Openings due to Promotions | |||||
External Hires |
1) Calculation of Resignation: @10% of Turnover
Level 5 4 3 2 1
Previous Employees 20 25 50 60 500
Turnover @10% 2 2.5 5 6 50
Employees Left After Turnover 18 22.5 45 54 450
Est. Employees Required 20 25 50 61 550
Positions to fill 2 2.5 5 7 100
2)
Compny should promote employees based on their performance and workplace conduct. Acceptable criteria for promotion are:
These criteria reflect the bigger picture of an employee’s work. Managers should avoid making decisions for promotion based on recent or insignificant events. They should keep logs with important incidents that they might want to consider when it’s time to promote one of their team members.
3)
Job Level | 5 | 4 | 3 | 2 | 1 |
Positons to Fill | 2 | 2.5 | 5 | 7 | 100 |
Internal Promotions | 2 | 2.5 | 5 | 0 | 0 |
Openings due to Promotions | 0 | 4.5 | 7.5 | 0 | 0 |
External Hires | 0 | 0 | 0 | 7 | 100 |