Question
the Digby's workforce complement will grow by 20% (rounded to the nearest person) next year. Ignoring downsizing from automating, what would their total recruiting cost
the Digby's workforce complement will grow by 20% (rounded to the nearest person) next year. Ignoring downsizing from automating, what would their total recruiting cost be? Assume Digby spends the same amount extra above the $1,000 recruiting base as they did last year. | ||||||||
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1. Next year Baldwin plans to include an additional performance bonus of 0.5% in its compensation plan. This incentive will be provided in addition to the annual raise, if productivity goals are reached. Assuming the goals are reached, how much will Baldwin pay its employees per hour? Select: 1 $28.15 $29.70 $28.29 $31.04
2. Suppose the Chester company begins to compete through good designs, high awareness and easy accessibility for their existing products, what strategy would they be implementing? Select: 1 Broad differentiation Niche cost leader Broad cost leader Niche differentiation
3. Baldwin Corp. ended the year carrying $18,475,000 worth of inventory. Had they sold their entire inventory at their current prices, how many more dollars of contribution margin would it have brought to Baldwin Corp.? Select: 1 $39,003,380 $10,625,000 $29,107,000 $18,475,000
Needed Complement Complement 1st Shift Complement 2nd Shift Complement Overtime% Turnover Rate New Employees Separated Employees Recruiting Spend Training Hours Productivity Index Recruiting cost Separation Cost Training Cost Total HR Admin Cost Labor Contract Next Year Wages Benefits Profit Sharing Annual Raise 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 HUMAN RESOURCES SUMMARY Baldwin Andrews Chester 561 6800 476 561 6800 476 431 403 289 130 276 187 223 164 38 163 $1,000 $2,500 $0 60 40 113.5% 102.0% 100.0% $447 $1,331 2,500 Digb 543 543 388 155 127 $5,000 80 123.1% Needed Complement Complement 1st Shift Complement 2nd Shift Complement Overtime% Turnover Rate New Employees Separated Employees Recruiting Spend Training Hours Productivity Index Recruiting cost Separation Cost Training Cost Total HR Admin Cost Labor Contract Next Year Wages Benefits Profit Sharing Annual Raise 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 HUMAN RESOURCES SUMMARY Baldwin Andrews Chester 561 6800 476 561 6800 476 431 403 289 130 276 187 223 164 38 163 $1,000 $2,500 $0 60 40 113.5% 102.0% 100.0% $447 $1,331 2,500 Digb 543 543 388 155 127 $5,000 80 123.1%Step by Step Solution
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