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Baldwin's turnover rate for this year is 6.26%. 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

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tatendagota

Answer:

$ 197 541

Explanation:

Thinking process:

Number of employees = 480

Recruiting costs incurred for the year = $ 5 000

The total cost for the 480 employees = $ 5 000 × 480

                                                               = 2 400 000

Then the turnover rate  = 6.3314%

                                       = 0.063314

The amount due to the turnover = 0.063314×2 400 000

                                                      = $ 197 541