In the costing of employee turnover,the category of _____ costs includes the cost of the interviewer's time and the cost of the terminating employee's time.

Question

Quizplus · Accepted Answer

The cost of employee turnover can be divided into four categories: separation costs, replacement costs, training costs, and vacancy costs. Separation costs include the cost of the interviewer's time and the cost of the terminating employee's time, such as for exit interviews or administrative tasks related to their departure. Replacement costs refer to recruitment, selection, and new hire training costs. Training costs include both direct costs (for training materials, trainers, etc.) and indirect costs (for lost productivity while employees are in training). Vacancy costs refer to the lost productivity and revenue due to the open position. Therefore, the best choice for the category that includes the cost of the interviewer's time and the cost of the terminating employee's time is B) separation.

In the Costing of Employee Turnover,the Category of _____ Costs