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Assume Digby Corp. is downsizing the size of their workforce by 10% (to the nearest...

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Accounting

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 $293,250 $2,639,250 $1,086,750 $120,750

Human Resources Summary

Andrews Baldwin Chester Digby
Needed Complement 794 325 462 575
Complement 794 325 462 575
1st Shift Complement 459 213 314 339
2nd Shift Complement 335 112 148 236
Overtime % 0.0% 0.0% 0.0% 0.0%
Turnover Rate 6.9% 8.0% 6.1% 10.0%
New Employees 55 26 28 80
Separated Employees 84 87 68 0
Recruiting Spend $1,000 $2,500 $5,000 $0
Training Hours 80 40 80 0
Productivity Index 111.6% 118.5% 131.3% 100.0%
Recruiting Cost $109 $91 $168 $80
Separation Cost $420 $437 $341 $0
Training Cost $1,270 $260 $739 $0
Total HR Admin Cost $1,800 $787 $1,248 $80
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%

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