Assume Digby Corp. is downsizing the size of their workforce by 10% (to the nearest...
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Accounting
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 Save Answer $293,250 $2,639,250 $1,086,750 $120,750
Human Resources Summary
Andrews
Baldwin
Chester
Digby
Needed Complement
794
325
462
575
Complement
794
325
462
575
1st Shift Complement
459
213
314
339
2nd Shift Complement
335
112
148
236
Overtime %
0.0%
0.0%
0.0%
0.0%
Turnover Rate
6.9%
8.0%
6.1%
10.0%
New Employees
55
26
28
80
Separated Employees
84
87
68
0
Recruiting Spend
$1,000
$2,500
$5,000
$0
Training Hours
80
40
80
0
Productivity Index
111.6%
118.5%
131.3%
100.0%
Recruiting Cost
$109
$91
$168
$80
Separation Cost
$420
$437
$341
$0
Training Cost
$1,270
$260
$739
$0
Total HR Admin Cost
$1,800
$787
$1,248
$80
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%
Answer & Explanation
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