question archive Digby's turnover rate for this year is 6
Digby's turnover rate for this year is 6
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Digby's turnover rate for this year is 6.23%. This rate is projected to remain the same next year and no further downsizing will occur from automating. What would the total recruiting cost be for Digby, assuming it spends the same amount extra above the $1,000 recruiting base as they did this year?
1) $223,345
2) $2,986,263
3) $312
4) $186,120
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311.5
Step-by-step explanation
Consider the number of employees as 5,000
D's turnover rate for this year is 6.23%
Now, determine the total recruiting cost of D by way of multiplying number of employees with turnover rate as shown below:
Total recruiting cost = 5,000x 6.23%
=5,000x 6.23/100
=5,000x0.0623
=311.5
