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Chester's turnover rate for this year is 6

Business

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            
Benefits            
Profit Sharing            
Annual Raise            
             
Strike Days

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