Assume Chester Corp. is downsizing the size of their workforce by 20% (to the nearest person) next year from various strategic initiatives. Chesteris planning to conduct exit interviews to learn more about how they can improve in processes and increase productivity. The exit interviews are estimated to cost $100 per employee in additional to normal separation costs of $5000. How much will the company pay in separation costs if these exit interviews are implemented next year?Select: 1

$1,811,520

$186,480

$452,880

$745,920

Top Round: 4 HR/TOM Report INQUIRER Veronica Calderon December 31, 2022 HUMAN RESOURCES SUMMARY Andrews Baldwin Chester Digby Needed Complement 367 318 444 554 Complement 367 318 444 554 1st Shift Complement 354 196 307 331 2nd Shift Complement 13 122 137 223 Overtime% 0.0% 0.0% 0.0% 0.0% Turnover Rate 6.7% 8.0% 6.1% 10.0% New Employees 24 25 27 55 Separated Employees 177 46 70 B Recruiting Spend $5,000 $2,500 $5,000 $0 Training Hours 80 40 80 0 Productivity Index 117.6% 119.1% 130.8% 100.0% Recruiting Cost $147 $89 $162 $55 Separation Cost $885 $231 $351 $41 Training Cost $587 $254 $711 $0 Total HR Admin Cost $1,619 $575 $1,223 $97 Labor Contract Next Year Wages $31.04 $31.04 $31.04 $31.04 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 TOM SUMMARY