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Strategic Human Resource Metrics: Retention & Turnover

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question 1 of 3

Colossal Bank has a high turnover rate for its teller position. It has a total of 35 teller positions, and seven of those positions are currently vacant. What is the bank's vacancy rate?

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1. Age metrics for staffing rate approaching retirement are used by human resources to:

2. Smallville Winery had 25 employees exit the company. The current number of employees is 145. What is the company's turnover rate?

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About This Quiz & Worksheet

Find out what you know about retention and turnover in HR metrics with these study assessments. Certain topics you will need to know include categories of turnover and the type of employees companies seek to retain.

Quiz & Worksheet Goals

The quiz and worksheet will assess your ability to:

  • Understand how organizations determine a satisfaction rate
  • Identify a formula for calculating a retirement rate for a given scenario
  • Recognize the formula to calculate the average rate of how long an employee worked for an organization

Skills Practiced

These study tools will help you practice the following:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on retention and turnover in HR metrics
  • Interpreting information - verify that you can review information regarding how organizations determine a satisfaction rate and interpret it correctly
  • Information recall - access the knowledge you've gained regarding formulas for calculating relevant data about an organization's employment history

Additional Learning

Gain more knowledge about this area with the lesson named Strategic Human Resource Metrics: Retention & Turnover. The lesson covers the following learning objectives:

  • Define turnover and turnover costs
  • Explain vacancy and vacancy costs
  • Identify what is meant by retention
  • Define tenure and metrics
  • Assess the formulas for calculating data on retention and turnover
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