PLEASE EXPLAIN WHY??? Baldwin's turnover rate for this year is 6.31%. This rate is projected...
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PLEASE EXPLAIN WHY???
Baldwin's turnover rate for this year is 6.31%. This rate is projected to remain the same next year and no further downsizing will occur from automating. Baldwin plans to spend an additional $500 beyond the extra amount above the $1000 recruiting base it spent this year. The goal of this additional investment is to improve the quality of applicants. What would the total recruiting cost be for Baldwin next year?
Select: 1 $147,363 $191,572 $176,835 $162,099
Andrews
Baldwin
Chester
Digby
Needed Complement
701
467
650
402
Complement
701
467
650
402
1st Shift Complement
495
379
403
288
2nd Shift Complement
206
88
246
114
Overtime%
0.0%
0.0%
0.0%
0.0%
Turnover Rate
6.9%
6.3%
10.0%
8.0%
New Employees
154
62
145
32
Separated Employees
0
0
0
210
Recruiting Spend
$2,500
$5,000
$0
$2,500
Training Hours
80
80
0
40
Productivity Index
105.9%
124.8%
100.0%
113.9%
Recruiting Cost
$538
$375
$145
$113
Separation Cost
$0
$0
$0
$1,048
Training Cost
$1,122
$747
$0
$322
Total HR Admin Cost
$1,660
$1,121
$145
$1,483
Labor Contract Next Year
Wages
$28.15
$28.15
$28.15
$28.15
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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