Baldwin's turnover rate for this year is 6.30%. 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 Baldwin, assuming it spends the same amount extra above the $1,000 recruiting base as they did this year?
a. $315
b. $168,413
c. $140,344
d. $2,229,129
Overtime: 0.0%
Turnover Rate: 6.3%
New Employees: 31
Separated Employees: 0
Recruiting Spend: $5,000
Training Hours: 80
Productivity Index: 125.5%
Recruiting Cost: $183
Separation Cost: $0
Training Cost: $713
Total HR Admin Cost: $897
Labor Contract Next Year:
Wages: $28.15
Benefits: $2,500
Profit-Sharing: 2.0%
Annual Raise: 5.0%