Butcher Enterprises has experienced substantial employee turnover among its office workers During it interviews, more than 30 percent stated that was the Top reason for resigning. The company conducted a survey of local companies' pay practices to confirm whither this concern is valid Indeed, Butcher Episos average hourly pay rate for total compensation falls well below the market. The compensation survey showed an average hourly rate of $28.00 for all compensation of this amount, wages are $25.00 per hour and benefits are $3 per hour in comparison, Butcher Enterprises spends an average hourly rate of 524 for total compensation of this amount 60 percent is allocated for wages Butcher Enterprises spends 5 144 on wages and $ 9.6 on benefits, respectively, on an average hourly bass Round your response to the nearest hundroths place If we assume that each worker provides 2,080 hours of service each year, then the company will spend $ 2995200 on wages and 5 1995800 on benotts over the course of one year for 100 office workers Round your response to the nearest hundroths place Butcher Enterprise will need to pay of additional compensation to match the market rates for this group of 100 employees. Round your response to the nearest hundrets place