Methodology for relating the cost of employee turnover, employee retention, and lost production costs

Descripción del Articulo

Employee turnover generates hidden costs that cannot be recovered, competing with retention costs and their production impact. Using a mathematical algorithm, this study aims to develop a methodology to figure out lost production and related fixed manufacturing overhead costs. This will allow us to...

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Detalles Bibliográficos
Autores: Miguel Salas-Hidalgo, Luis, Antonio Velasco-Taipe, Jorge
Formato: artículo
Fecha de Publicación:2024
Institución:Universidad Peruana de Ciencias Aplicadas
Repositorio:UPC-Institucional
Lenguaje:inglés
OAI Identifier:oai:repositorioacademico.upc.edu.pe:10757/676317
Enlace del recurso:http://hdl.handle.net/10757/676317
Nivel de acceso:acceso embargado
Materia:cost-benefit analysis
Employee turnover
hidden costs
lost production
mathematical algorithm
retention incentives
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dc.title.es_PE.fl_str_mv Methodology for relating the cost of employee turnover, employee retention, and lost production costs
title Methodology for relating the cost of employee turnover, employee retention, and lost production costs
spellingShingle Methodology for relating the cost of employee turnover, employee retention, and lost production costs
Miguel Salas-Hidalgo, Luis
cost-benefit analysis
Employee turnover
hidden costs
lost production
mathematical algorithm
retention incentives
title_short Methodology for relating the cost of employee turnover, employee retention, and lost production costs
title_full Methodology for relating the cost of employee turnover, employee retention, and lost production costs
title_fullStr Methodology for relating the cost of employee turnover, employee retention, and lost production costs
title_full_unstemmed Methodology for relating the cost of employee turnover, employee retention, and lost production costs
title_sort Methodology for relating the cost of employee turnover, employee retention, and lost production costs
author Miguel Salas-Hidalgo, Luis
author_facet Miguel Salas-Hidalgo, Luis
Antonio Velasco-Taipe, Jorge
author_role author
author2 Antonio Velasco-Taipe, Jorge
author2_role author
dc.contributor.author.fl_str_mv Miguel Salas-Hidalgo, Luis
Antonio Velasco-Taipe, Jorge
dc.subject.es_PE.fl_str_mv cost-benefit analysis
Employee turnover
hidden costs
lost production
mathematical algorithm
retention incentives
topic cost-benefit analysis
Employee turnover
hidden costs
lost production
mathematical algorithm
retention incentives
description Employee turnover generates hidden costs that cannot be recovered, competing with retention costs and their production impact. Using a mathematical algorithm, this study aims to develop a methodology to figure out lost production and related fixed manufacturing overhead costs. This will allow us to estimate the cost of lost output from an employee's layoff until a replacement reaches the required efficiency, considering not only severance costs but also lost production costs. Additionally, we will analyze the cost-benefit of offering salary increases or other incentives against retaining employees, comparing them to the associated costs of increased production and marginal income from the retained employee.
publishDate 2024
dc.date.accessioned.none.fl_str_mv 2024-11-02T04:50:53Z
dc.date.available.none.fl_str_mv 2024-11-02T04:50:53Z
dc.date.issued.fl_str_mv 2024-01-01
dc.type.es_PE.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.doi.none.fl_str_mv 10.18687/LACCEI2024.1.1.1117
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10757/676317
dc.identifier.eissn.none.fl_str_mv 24146390
dc.identifier.journal.es_PE.fl_str_mv Proceedings of the LACCEI international Multi-conference for Engineering, Education and Technology
dc.identifier.eid.none.fl_str_mv 2-s2.0-85203829961
dc.identifier.scopusid.none.fl_str_mv SCOPUS_ID:85203829961
identifier_str_mv 10.18687/LACCEI2024.1.1.1117
24146390
Proceedings of the LACCEI international Multi-conference for Engineering, Education and Technology
2-s2.0-85203829961
SCOPUS_ID:85203829961
url http://hdl.handle.net/10757/676317
dc.language.iso.es_PE.fl_str_mv eng
language eng
dc.rights.es_PE.fl_str_mv info:eu-repo/semantics/embargoedAccess
eu_rights_str_mv embargoedAccess
dc.format.es_PE.fl_str_mv application/html
dc.publisher.es_PE.fl_str_mv Latin American and Caribbean Consortium of Engineering Institutions
dc.source.none.fl_str_mv reponame:UPC-Institucional
instname:Universidad Peruana de Ciencias Aplicadas
instacron:UPC
instname_str Universidad Peruana de Ciencias Aplicadas
instacron_str UPC
institution UPC
reponame_str UPC-Institucional
collection UPC-Institucional
dc.source.journaltitle.none.fl_str_mv Proceedings of the LACCEI international Multi-conference for Engineering, Education and Technology
bitstream.url.fl_str_mv https://repositorioacademico.upc.edu.pe/bitstream/10757/676317/1/license.txt
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spelling 551878fb0f47a3a34c0d522387a3a13f186d24cfa2aa1524fb39e2452d4e937bMiguel Salas-Hidalgo, LuisAntonio Velasco-Taipe, Jorge2024-11-02T04:50:53Z2024-11-02T04:50:53Z2024-01-0110.18687/LACCEI2024.1.1.1117http://hdl.handle.net/10757/67631724146390Proceedings of the LACCEI international Multi-conference for Engineering, Education and Technology2-s2.0-85203829961SCOPUS_ID:85203829961Employee turnover generates hidden costs that cannot be recovered, competing with retention costs and their production impact. Using a mathematical algorithm, this study aims to develop a methodology to figure out lost production and related fixed manufacturing overhead costs. This will allow us to estimate the cost of lost output from an employee's layoff until a replacement reaches the required efficiency, considering not only severance costs but also lost production costs. Additionally, we will analyze the cost-benefit of offering salary increases or other incentives against retaining employees, comparing them to the associated costs of increased production and marginal income from the retained employee.application/htmlengLatin American and Caribbean Consortium of Engineering Institutionsinfo:eu-repo/semantics/embargoedAccesscost-benefit analysisEmployee turnoverhidden costslost productionmathematical algorithmretention incentivesMethodology for relating the cost of employee turnover, employee retention, and lost production costsinfo:eu-repo/semantics/articleProceedings of the LACCEI international Multi-conference for Engineering, Education and Technologyreponame:UPC-Institucionalinstname:Universidad Peruana de Ciencias Aplicadasinstacron:UPCLICENSElicense.txtlicense.txttext/plain; charset=utf-81748https://repositorioacademico.upc.edu.pe/bitstream/10757/676317/1/license.txt8a4605be74aa9ea9d79846c1fba20a33MD51false10757/676317oai:repositorioacademico.upc.edu.pe:10757/6763172024-11-02 04:50:55.508Repositorio académico upcupc@openrepository.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Methodology for relating the cost of employee turnover, employee retention, and lost production costs
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