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