Refer to the HR Report section of the Inquirer. Digby spends $521,515 on various
ID: 346404 • Letter: R
Question
Refer to the HR Report section of the Inquirer. Digby spends $521,515 on various HR initiatives. What percentage of this expenditure is dedicated to training its employees?
Select 1 Answer: 61.2%, 68.0%, 32.0%, 59.5%
HUMAN RESOURCES SUMMARY Needed Complement Complement 1st Shift Complement 2nd Shift Complement Andrews 552 552 371 181 Baldwin 584 584 400 184 Chester 597 597 369 228 Digby 443 443 274 169 0.1% 6.8% 37 150 $4,000 80 111.6% 00% 6.2% 147 0.0% 10.0% 60 0.0% 8.0% 48 Overtime% Turnover Rate New Employees Separated Employees Recruiting Spend Training Hours Productivity Index $5,000 80 125.5% $2,500 40 116.2% $0 100.0% Recruiting Cost Separation Cost Training Cost Total HR Admin Cost $187 $750 $883 $1,820 $880 $%0 $934 $1,814 $60 $80 $0 $139 $167 $0 $355 $522 Labor Contract Next Year Wages Benefits Profit Sharing Annual Raise $29.56 2,500 20% 50% $29.56 2,500 20% 50% $29.56 2,500 20% 50% $29.56 2,500 20% 5.0%Explanation / Answer
Solution:
From the given Human Resources Summary report, the amount that Digby has spent on the training costs can be determined. The costs in the annual reports are usually in (000’s format).
Training cost = $355,000
Total spends on HR initiatives = $521,515
Percentage of expenditure on training = (355,000 / 521,515) x 100
Percentage of expenditure on training = 68.07%
Answer - 68.0%