Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / What is Hulakon’s ROI for its employee assistance program for this one year?

What is Hulakon’s ROI for its employee assistance program for this one year?

The following data shows turnover costs for the 4,000 employees of Hulakon, Inc., for one year. In any given year, 12 percent of the employees can be expected to quit.

Employee Group

Number of Employees

Individual Cost of Employee Turnover

Production

250

$48,500

Clerical

175

$39,000

Management

55

$74,000

A total of 120 employees participate in the company’s EAP (62 production employees, 44 clerical employees, and 14 managers). As a result of that involvement, the following numbers of employees actually quit.

Employee Group

Number of Employees

Production

31

Clerical

22

Management

7

Hospitalization costs comprise $189,000, or 56 percent of the total amount annually budgeted for the EAP. What is Hulakon’s ROI for its employee assistance program for this one year?

 

May 30 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions