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answer and how you found them This week's 'HRM by the Numbers' focuses on the cost of union and non-union benefits. Use the table below
answer and how you found them
This week's 'HRM by the Numbers' focuses on the cost of union and non-union benefits. Use the table below to provide the correct answer for each question. Not all of the data in the table will be used. See the point value for each question. They must be answered correctly. No partial credit. They must also be rounded to the nearest hundredth which is 2 decimal points (i.e. 23.45, 53.00, 6.10) to be considered correct. Union Costs - .5 points each . The hourly compenstation costs of paid leave: $ The hourly compensation costs of legally required benefits" $_ Nonunion Costs - .5 points each The hourly compenstation costs of paid leave: $ The hourly compensation costs of legally required benefits $ Comparison (Percent Cost Difference Between Union and Nonunion Benefits = ((Union Benefits Cost - Nonunion Benefits Cost) / Nonunion Benefits Cost) x 100% 1 point - The percentage cost difference between union and nonunion benefits for wages and salaries % 2 points - The percentage cost difference between union and nonunion benefits for paid leave and legally required benefits % . Table: Union Nonunion Compensation Component Costs Costs 22.89 17.82 Wages and salaries Paid leave Vacation Holiday Sick Personal 1.40 0.82 0.42 0.14 0.90 0.52 0.21 0.10 Insurance Life Health Short-term disability Long-term disability 0.06 4.78 0.14 0.10 0.03 1.72 0.04 0.03 Retirement and savings Defined benefit Defined contribution 2.47 1.02 0.27 0.54 Legally required benefits Social Security Medicare 1.50 0.38 1.18 0.30 Federal unemployment insurance 0.02 0.02 State unemployment insurance 0.18 0.14 Workers' compensation 0.821 0.32 Step by Step Solution
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