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Rudiy27
1 month ago
14

The Digby's workforce complement will grow by 20% (rounded to the nearest person) next year. Ignoring downsizing from automating

, what would their total recruiting cost be? Assume Digby spends the same amount extra above the $1,000 recruiting base as they did last year.
Business
1 answer:
arsen [3.2K]1 month ago
5 0

Complete Question:

Baldwin's workforce is set to increase by 10% next year, preserving the same extra recruitment costs above the $1,000 baseline, amounting to $694 for each employee. The current complement is 434, with 67 new employees last year. How much will they allocate to recruiting this year?

Answer: $84,700

Explanation:

Total employees = 434 + 67 = 501

As stated, Baldwin's workforce is expected to grow by 10%.

Thus, existing staff x 110% = 501 x 110% = 551 (employee count cannot include decimals).

Indicating an increase of 50 employees.

Baldwin will incur a cost of $694 + $1,000 = $1,694

So, for the additional 50 employees, the total costs will be $1,694

Consequently, Baldwin's overall recruiting expenditure would be (50 x $1,694) = $ 84,700

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