Assume Digby Corp. is downsizing the size of their workforce by 10% (to the nearest...
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Finance
Assume Digby Corp. is downsizing the size of their workforce by 10% (to the nearest person) next year from various strategic initiatives. Digby is planning to conduct exit interviews to learn more about how they can improve in processes and increase productivity. The exit interviews are estimated to cost $100 per employee in additional to normal separation costs of $5000. How much will the company pay in separation costs if these exit interviews are implemented next year?
Select: 1
$3,300,210
$150,990
$1,358,910
$366,690
HUMAN RESOURCES SUMMARY
Andrews
Baldwin
Chester
Digby
Needed Complement
603
421
732
719
Complement
603
421
732
719
1st Shift Complement
500
324
525
447
2nd Shift Complement
103
96
207
273
Overtime%
0.0%
0.0%
0.0%
0.0%
Turnover Rate
6.9%
7.9%
5.9%
10.0%
New Employees
42
33
43
72
Separated Employees
12
195
3
24
Recruiting Spend
$5,000
$2,500
$5,000
$0
Training Hours
80
40
80
0
Productivity Index
107.3%
116.1%
128.5%
100.0%
Recruiting Cost
$249
$117
$259
$72
Separation Cost
$60
$976
$14
$122
Training Cost
$965
$337
$1,171
$0
Total HR Admin Cost
$1,274
$1,429
$1,445
$194
Labor Contract Next Year
Wages
$31.04
$31.04
$31.04
$31.04
Benefits
2,500
2,500
2,500
2,500
Profit Sharing
2.0%
2.0%
2.0%
2.0%
Annual Raise
5.0%
5.0%
5.0%
5.0%
Starting Negotiation Position
Wages
Benefits
Profit Sharing
Annual Raise
Ceiling Negotiation Position
Wages
Benefits
Profit Sharing
Annual Raise
Adjusted Labor Demands
Wages
Benefits
Profit Sharing
Annual Raise
Answer & Explanation
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