6. Assume the cost of advertising, selection, interviewing, and orientation is $200 per employee who leaves, the average cost of training is $1000 per employee who leaves, and $1260 is lost in productivity for each employee who leaves. Severance pay for any discharged employee is the equivalent of 2 weeks pay and the average annual base pay for terminated employees was $36,400. What is the estimated total cost of turnover for Seat of Knowledge this year? How much does turnover cost per employee?

Note: 42 employees have left thus far