Three components of the simplified turnover costing model are typical annual pay for the job, percentage of pay for benefits, and the number of voluntary quits. Which of the following represents the fourth component?

Question

Quizplus · Accepted Answer

The fourth component is the number of months it takes an employee to become fully productive, as it directly impacts the cost associated with turnover by affecting how long it takes for a new hire to reach the productivity level of the departing employee.

Three Components of the Simplified Turnover Costing Model Are Typical