Loss of Output Operations Management Assignment Help

Loss of Output

When an employee leaves and the position is not filled immediately, the firm loses that worker’s output while the position remains vacant. In a strong economy with low unemployment. as occurred in the united States during the late I 990s. this la~ time can be considerable. For example, if a firm averages $ 3O,OOO in annual sales per employee then a position that remains unfilled for three month, cost the Finn $ 75,000 in revenues,

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