Needed Complement $320$

Complement $320$

$1$st Shift Complement $260$

$2$nd Shift Complement $150$

Overtime $\%0\mathrm{.}0\%$

Turnover Rate $8\mathrm{.}0\%$

New Employees $26$

Separated Employees $133$

Recruiting Spend $2500$

Training Hours $40$

Productivity Index $118\mathrm{.}6\%$

Recruiting Cost $$89$

Separation Cost $$667$

Training Cost $$256$

Total HR Admin Cost $$1013$

Wages $$31\mathrm{.}04$

Benefits $2500$

Profit Sharing $2\mathrm{.}0\%$

Annual Raise $5\mathrm{.}0\%$

Assume Chester Corp. is downsizing the size of their workforce by $20\%($to the nearest person$)$ next year from various strategic initiatives. Chester is planning to conduct exit interviews to learn more about how they can improve in processes and increase productivity. The exit interviews are estimated to cost $$100$ per employee in additional to normal separation costs of $$5000.$ How much will the company pay in separation costs if these exit interviews are implemented next year?