a company hires an employee with a family of 5 for a salary of $150,000 over 3 other candidates. if the…
a company hires an employee with a family of 5 for a salary of $150,000 over 3 other candidates. if the employee sold her house for $350,000, what is the total recruiting expense?\n\nrecruitment costs\ninterview costs: $2,000 per person\njob posting fee: $1,000\n1st year fee: 10%\nreal estate fee: 6% of sales price\nshipping fee: $4,000\nfamily travel cost: $400 per person
Answer
Explanation:
Step1: Calculate interview costs
There are 4 candidates (the hired - one and 3 others), so the interview cost is $2000\times4 = 8000$.
Step2: Add job posting fee
The job posting fee is $1000$.
Step3: Calculate 1st - year fee
The 1st - year fee is 10% of the salary. The salary is $150000$, so the 1st - year fee is $0.1\times150000=15000$.
Step4: Calculate real - estate fee
The real - estate fee is 6% of the house - selling price. The house is sold for $350000$, so the real - estate fee is $0.06\times350000 = 21000$.
Step5: Add shipping fee
The shipping fee is $4000$.
Step6: Calculate family travel cost
The family has 5 people, and the cost per person is $400$, so the family travel cost is $400\times5=2000$.
Step7: Calculate total recruiting expense
Add all the costs together: $8000 + 1000+15000+21000+4000+2000=51000$.
Answer:
$51000$