Question

What is the cost of covering a vacant position?

1) Calculated costs of other employees filling in while the position is vacant
2) The salary of the vacant position
3) The cost of hiring a new employee
4) The cost of training a new employee

Answer 1

The cost of covering a vacant position includes calculated costs of other employees filling in, the salary of the vacant position, the cost of hiring a new employee, and the cost of training a new employee.

Step-by-step explanation:

The cost of covering a vacant position includes several factors:

1. Calculated costs of other employees filling in while the position is vacant.
2. The salary of the vacant position.
3. The cost of hiring a new employee.
4. The cost of training a new employee.

For example, if an employee makes $20 per hour and it takes 40 hours to hire and train a new employee, the cost of covering the vacant position would be $800 (40 hours x $20 per hour).