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Chester's turnover rate for this year is 6
Chester's turnover rate for this year is 6.34%. This rate is projected to remain the same next year and no further downsizing will occur from automating. Chester 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 Chester next year?
a. $197,864
b. $167,424
c. $152,203
d. $182,644
| HR/TQM Report | COMP.XM | INQUIRER | Gregory Peterson | Round: 2 December 31, 2017 |
HUMAN RESOURCES SUMMARY
| Andrews | Baldwin | Chester | Digby | |||
| Needed Complement | 380 | 406 | 480 | 650 | ||
| Complement | 380 | 406 | 480 | 650 | ||
| 1st Shift Complement | 243 | 287 | 378 | 403 | ||
| 2nd Shift Complement | 137 | 119 | 102 | 246 | ||
| Overtime % | 0.1% | 0.0% | 0.0% | 0.0% | ||
| Turnover Rate | 9.3% | 8.0% | 6.3% | 10.0% | ||
| New Employees | 35 | 33 | 89 | 138 | ||
| Separated Employees | 247 | 187 | 0 | 0 | ||
| Recruiting Spend | $100 | $2,500 | $5,000 | $0 | ||
| Training Hours | 20 | 40 | 80 | 0 | ||
| Productivity Index | 100.0% | 114.1% | 124.2% | 100.0% | ||
| Recruiting Cost | $39 | $114 | $537 | $138 | ||
| Separation Cost | $1,235 | $933 | $0 | $0 | ||
| Training Cost | $152 | $325 | $768 | $0 | ||
| Total HR Admin Cost | $1,426 | $1,372 | $1,305 | $138 | ||
| 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% | ||
| Starting Negotiation Position | ||||||
| Wages | ||||||
| Benefits | ||||||
| Profit Sharing | ||||||
| Annual Raise | ||||||
| Ceiling Negotiation Position | ||||||
| Wages | ||||||
| Benefits | ||||||
| Profit Sharing | ||||||
| Annual Raise | ||||||
| Adjusted Labor Demands | ||||||
| Wages | ||||||
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| Strike Days | ||||||
Expert Solution
| Current compliment | 480 |
| Turnover rate | 6.34% |
| Employees to be recruited | 30.44 |
| Current recruitment spend | $5,000 |
| Additional recruitment spend | $50 |
| Total recruitment spend per employee | $5,500 |
| Total recruiting cost | $167,424 |
|---|
The correct answer is b.
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