What are the hourly compensation costs for:

(a) wages and salaries;

(b) paid time off;

(c) insurance;

(d) retirement and savings; and

(e) legally required benefits in union settings? What are the hourly compensation costs for:

(f) wages and salaries; (g)

paid time off; (h) insurance; (i) retirement and savings; and (j)

legally required benefits in nonunion settings?

For each of the five categories listed in the table, what is the percent cost difference between union and nonunion settings?

Let’s say that a company is interested in knowing the annual total compensation costs in the

(a) union; and

(b) nonunion setting.

Assume that for the purposes of calculating annual costs, each employee works 40 hours per week, 52 weeks per year. Calculate these costs for a workforce of 3,000 employees in each setting?