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Chesters turnover rate for this year is 6.3%. This rate is projected to remain the same next year and no further downsizing will occur from automating. Chester plans to spend an additional $500 beyond the extra amount above the $1000 recruiting base it spent this year. The goal of this additional investment is to improve the quality of applicants. What would the total recruiting cost be for chester next year? -$163,990 -$178,898 -$149,806 -193,806 HR/TQM Report 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 COMP-XM INQUIRER HUMAN RESOURCES SUMMARY Andrews Baldwin Chester 696 456 468 696 456 468 348 285 372 348 171 95 0.0% 6.9% 48 21 $5,000 80 107.3% $288 $105 $1,114 $1,507 $28.15 2,500 2.0% 5.0% 0.0% 8.0% 37 64 $2,500 40 114.9% $128 $319 $365 $812 Jessica Hake $28.15 2,500 2.0% 5.0% 0.0% 6.4% 128 0 $5,000 80 123.4% $765 SO $748 $1,513 $28.15 2,500 2.0% 5.0% Digby 546 546 403 143 0.0% 10.0% 100 0 so O 100.0% $100 SO $0 $100 $28.15 2,500 2.0% 5.0% Round: 2 December 31, 2017

Chesters turnover rate for this year is 6.3%. This rate is projected to remain the same next year and no further downsizing will occur from automating. Chester plans to spend an additional $500 beyond the extra amount above the $1000 recruiting base it spent this year. The goal of this additional investment is to improve the quality of applicants. What would the total recruiting cost be for chester next year? -$163,990 -$178,898 -$149,806 -193,806 HR/TQM Report 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 COMP-XM INQUIRER HUMAN RESOURCES SUMMARY Andrews Baldwin Chester 696 456 468 696 456 468 348 285 372 348 171 95 0.0% 6.9% 48 21 $5,000 80 107.3% $288 $105 $1,114 $1,507 $28.15 2,500 2.0% 5.0% 0.0% 8.0% 37 64 $2,500 40 114.9% $128 $319 $365 $812 Jessica Hake $28.15 2,500 2.0% 5.0% 0.0% 6.4% 128 0 $5,000 80 123.4% $765 SO $748 $1,513 $28.15 2,500 2.0% 5.0% Digby 546 546 403 143 0.0% 10.0% 100 0 so O 100.0% $100 SO $0 $100 $28.15 2,500 2.0% 5.0% Round: 2 December 31, 2017

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Chesters turnover rate for this year is 6.3%. This rate is projected to remain the same next year and no further downsizing will occur from automating. Chester plans to spend an additional $500 beyond the extra amount above the $1000 recruiting base it spent this year. The goal of this additional investment is to improve the quality of applicants. What would the total recruiting cost be for chester next year? -$163,990 -$178,898 -$149,806 -193,806 HR/TQM Report 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 COMP-XM INQUIRER HUMAN RESOURCES SUMMARY Andrews Baldwin Chester 696 456 468 696 456 468 348 285 372 348 171 95 0.0% 6.9% 48 21 $5,000 80 80 107.3% $288 $105 $1,114 $1,507 $28.15 2,500 2.0% 5.0% 0.0% 8.0% 37 64 $2,500 40 114.9% $128 $319 $365 $812 Jessica Hake $28.15 2,500 2.0% 5.0% 0.0% 6.4% 128 0 $5,000 80 123.4% $765 SO $748 $1,513 $28.15 2,500 2.0% 5.0% Digby 546 546 403 143 0.0% 10.0% 100 0 so 0 0 100.0% $100 SO SO $100 $28.15 2,500 2.0% 5.0% Round: 2 December 31, 2017
Transcribed Image Text:Chesters turnover rate for this year is 6.3%. This rate is projected to remain the same next year and no further downsizing will occur from automating. Chester plans to spend an additional $500 beyond the extra amount above the $1000 recruiting base it spent this year. The goal of this additional investment is to improve the quality of applicants. What would the total recruiting cost be for chester next year? -$163,990 -$178,898 -$149,806 -193,806 HR/TQM Report 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 COMP-XM INQUIRER HUMAN RESOURCES SUMMARY Andrews Baldwin Chester 696 456 468 696 456 468 348 285 372 348 171 95 0.0% 6.9% 48 21 $5,000 80 80 107.3% $288 $105 $1,114 $1,507 $28.15 2,500 2.0% 5.0% 0.0% 8.0% 37 64 $2,500 40 114.9% $128 $319 $365 $812 Jessica Hake $28.15 2,500 2.0% 5.0% 0.0% 6.4% 128 0 $5,000 80 123.4% $765 SO $748 $1,513 $28.15 2,500 2.0% 5.0% Digby 546 546 403 143 0.0% 10.0% 100 0 so 0 0 100.0% $100 SO SO $100 $28.15 2,500 2.0% 5.0% Round: 2 December 31, 2017
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