An internal auditor suspects that employee turnover is unusually high at the organization's primary manufacturing plant. To investigate this potential issue, which of the following analytical approaches is the auditor likely to use?
An internal auditor suspects that employee turnover is unusually high at the organization's primary manufacturing plant. To investigate this potential issue, which of the following analytical approaches is the auditor likely to use?
To investigate unusually high employee turnover at the organization's primary manufacturing plant, the auditor is likely to use benchmarking. Benchmarking involves comparing the employee turnover rates at the primary manufacturing plant with those of other plants within the same organization, as well as with industry standards and competitors. This approach helps identify whether the turnover rate is indeed higher than normal and if so, provides insight into potential causes and solutions.
C, benchmarking to compare the employee turnover rates at the primary manufacturing plant with those of other plants within the same organization, as well as with industry standards and competitors.