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Assume Digby Corp. is downsizing the size of their workforce by 10% (to the nearest person) next year from various strategic initiatives. Digby is planning
Assume Digby Corp. is downsizing the size of their workforce by 10% (to the nearest person) next year from various strategic initiatives. Digby is 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 Save Answer $291,210 $2,620,890 $1,079,190 $119,910 Human Resources Summary Andrews Baldwin Chester Digby Needed Complement Complement 232 317 458 571 232 317 458 571 1st Shift Complement 151 200 307 335 2nd Shift Complement 81 117 151 236 Overtime % 0.0% 0.0% 0.0% 0.0% Turnover Rate 6.5% 8.0% 6.1% 10.0% New Employees 15 25 28 60 Separated Employees 283 47 51 0 Recruiting Spend $5,000 $2,500 $5,000 $0 Training Hours 80 40 40 80 Productivity Index 119.2% 118.9% 131.4% 100.0% Recruiting Cost $90 $88 $168 $60 Separation Cost $1,415 $237 $255 $0 Training Cost $371 $253 $732 $0 Total HR Admin Cost $1,876 $579 $1,155 $60 Labor Contract Next Year Wages $31.04 $31.04 $31.04 $31.04 Benefits 2,500 2,500 2,500 2,500 Profit Sharing Annual Raise 2.0% 2.0% 2.0% 2.0% 5.0% 5.0% 5.0% 5.0%
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