Baldwin\'s turnover rate for this year is 6.33%. This rate is projected to remai

Question

Baldwin's turnover rate for this year is 6.33%. 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 $182,346 $197,541 $151,955

$167,150

HUMAN RESOURCES SUMMARY Andrews 418 418 286 132 480 480 656 656 403 253 Needed Complement 945 st Shift Complement 2nd Shift Complement 544 400 101 0.1% 6.5% 0.0% 6.3% 0.0% 10.0% 110 0.0% 8.0% Turnover Rate New Employees 140 $5,000 80 110.1% 128 S2,500 S5,000 80 124.2% S0 Recruiting Spend Training Hours Productivity Index 100.0% 114.8% Recruiting Cost Separation Cost Training Cost Total HR Admin Cost S369 S700 S1,510 $2,580 S583 S0 S768 S1,351 $110 S0 S0 $110 S118 S638 S334 S1,090 Labor Contract Next Year S28.15 2,500 2.0% 5.0% S28.15 2,500 S28.15 S28.15 2,500 Profit Sharing Annual Raise 2.0% 5.0% 5.0% 5.0%

Explanation / Answer

Total employees this year = 480

Expected number of new employees new year, N = Total employees this year * turnover rate

= 480*6.33% = 30.391

Total recruiting cost next year (R1) = (B + R0 + A) * N

where, B is baseline spend = $ 1000

R0 is current year recruiting spend = $ 5000

A is additional spend next year = $ 500

Total recruiting cost next year (R1) = (1000+5000+500)*30.391 = $ 197,541

Related Questions

Navigate

• Browse (All)
• Browse B
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.