Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Could you tell me how to win on the business simulation game for year 12? Compensation & Training North America Facility Europe-Africa Facility Asia-Pacific Facility
Could you tell me how to win on the business simulation game for year 12?
- Compensation & Training
North America Facility | Europe-Africa Facility | Asia-Pacific Facility | Latin America Facility | ||||||
---|---|---|---|---|---|---|---|---|---|
Prior-Year Compensation and Productivity Data | Industry Average | Company C | Industry Average | Company C | Industry Average | Company C | Industry Average | Company C | |
Workforce Compensation (total $ per year) | Base Wages | 34,374 | 34,340 | 20,604 | 0 | 12,132 | 12,120 | 12,120 | 0 |
Incentive Pay | 4,650 | 5,031 | 2,790 | 0 | 1,573 | 2,618 | 1,574 | 0 | |
Fringe Benefits | 2,906 | 3,007 | 1,800 | 0 | 1,504 | 1,536 | 1,500 | 0 | |
Total Regular Compensation | 41,930 | 42,378 | 25,194 | 0 | 15,209 | 16,274 | 15,194 | 0 | |
Overtime Pay (included incentives) | 5,886 | 5,655 | 0 | 0 | 2,768 | 1,559 | 0 | 0 | |
Total Compensation | 47,816 | 48,033 | 25,194 | 0 | 17,977 | 17,833 | 15,194 | 0 | |
Incentive Pay as a % of Regular Compensation | 11.1% | 11.9% | 11.1% | 0.0% | 10.3% | 16.1% | 10.4% | 0.0% | |
Workforce Productivity (pairs per worker per year) | 5,014 | 5,207 | 3,500 | 0 | 3,540 | 3,719 | 3,500 | 0 |
North America Facility | Europe-Africa Facility | Asia-Pacific Facility | Latin America Facility | ||||||
---|---|---|---|---|---|---|---|---|---|
Minimum Wage = 34,340 | Minimum Wage = 20,604 | Minimum Wage = 12,120 | Minimum Wage = 12,120 | ||||||
Compensation and Training of Production Workers | Base Wage (% change from prior year) | +15% +14% +13% +12% +11% +10% +9% +8% +7% +6% +5% +4% +3% +2% +1% 0% -1% -2% -3% -4% -5% -6% -7% -8% -9% -10% | 34,683 | +15% +14% +13% +12% +11% +10% +9% +8% +7% +6% +5% +4% +3% +2% +1% 0% -1% -2% -3% -4% -5% -6% -7% -8% -9% -10% | 0 | +15% +14% +13% +12% +11% +10% +9% +8% +7% +6% +5% +4% +3% +2% +1% 0% -1% -2% -3% -4% -5% -6% -7% -8% -9% -10% | 12,241 | +15% +14% +13% +12% +11% +10% +9% +8% +7% +6% +5% +4% +3% +2% +1% 0% -1% -2% -3% -4% -5% -6% -7% -8% -9% -10% | 0 |
Incentive Pay ($ per non-rejected pair) | $ 0.00 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 2.25 2.50 2.75 3.00 3.25 3.50 3.75 4.00 4.25 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.50 7.75 8.00 | 5,089 | $ 0.00 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 2.25 2.50 2.75 3.00 3.25 3.50 3.75 4.00 4.25 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.50 7.75 8.00 | 0 | $ 0.00 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 2.25 2.50 2.75 3.00 3.25 3.50 3.75 4.00 4.25 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.50 7.75 8.00 | 2,640 | $ 0.00 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 2.25 2.50 2.75 3.00 3.25 3.50 3.75 4.00 4.25 4.50 4.75 5.00 5.25 5.50 5.75 6.00 6.25 6.50 6.75 7.00 7.25 7.50 7.75 8.00 | 0 | |
Fringe Benefits ($ per year) | $ 0 250 500 750 1000 1250 1500 1750 2000 2250 2500 2750 3000 3250 3500 3750 4000 4250 4500 4750 5000 5250 5500 5750 6000 6250 6500 6750 7000 7250 7500 7750 8000 | 3,007 | $ 0 250 500 750 1000 1250 1500 1750 2000 2250 2500 2750 3000 3250 3500 3750 4000 4250 4500 4750 5000 5250 5500 5750 6000 6250 6500 6750 7000 7250 7500 7750 8000 | 0 | $ 0 250 500 750 1000 1250 1500 1750 2000 2250 2500 2750 3000 3250 3500 3750 4000 4250 4500 4750 5000 5250 5500 5750 6000 6250 6500 6750 7000 7250 7500 7750 8000 | 1,536 | $ 0 250 500 750 1000 1250 1500 1750 2000 2250 2500 2750 3000 3250 3500 3750 4000 4250 4500 4750 5000 5250 5500 5750 6000 6250 6500 6750 7000 7250 7500 7750 8000 | 0 | |
Total Regular Compensation ($ per year) | 42,779 | 0 | 16,417 | 0 | |||||
Overtime Pay (includes incentives) | 5,709 | 0 | 1,576 | 0 | |||||
Total Compensation ($ per year) | 48,488 | 0 | 17,993 | 0 | |||||
Incentive Pay as % of Regular Comp. | 11.9% | 0.0% | 16.1% | 0.0% | |||||
Best Practices Training ($ per worker) | $ 0 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400 2600 2800 3000 3250 3500 3750 4000 4250 4500 4750 5000 5250 5500 5750 6000 6250 6500 6750 7000 7250 7500 | per worker | $ 0 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400 2600 2800 3000 3250 3500 3750 4000 4250 4500 4750 5000 5250 5500 5750 6000 6250 6500 6750 7000 7250 7500 | per worker | $ 0 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400 2600 2800 3000 3250 3500 3750 4000 4250 4500 4750 5000 5250 5500 5750 6000 6250 6500 6750 7000 7250 7500 | per worker | $ 0 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400 2600 2800 3000 3250 3500 3750 4000 4250 4500 4750 5000 5250 5500 5750 6000 6250 6500 6750 7000 7250 7500 | per worker | |
Materials Cost Impact (from cumulative BP expenditures) | Std -0.10 | Sup -0.20 | Std 0.00 | Sup 0.00 | Std -0.10 | Sup -0.20 | Std 0.00 | Sup 0.00 |
Supervisory Staff (ratio of production workers to supervisors) | 0 10 15 20 25 30 35 40 45 50to 1Staff = 19 | 0 10 15 20 25 30 35 40 45 50to 1Staff = 0 | 0 10 15 20 25 30 35 40 45 50to 1Staff = 27 | 0 10 15 20 25 30 35 40 45 50to 1Staff = 0 | ||||
Prior-Year Supervisory Compensation ($/year/supervisor) | Ind. Avg. | Co. C | Ind. Avg. | Co. C | Ind. Avg. | Co. C | Ind. Avg. | Co. C |
60,360 | 60,000 | 36,360 | 0 | 25,075 | 25,000 | 25,250 | 0 | |
Minimum Salary = 60,600 | Minimum Salary = 36,360 | Minimum Salary = 25,250 | Minimum Salary = 25,250 | |||||
Supervisory Compensation (% change) | +15% +14% +13% +12% +11% +10% +9% +8% +7% +6% +5% +4% +3% +2% +1% 0% -1% -2% -3% -4% -5% -6% -7% -8% -9% -10% | 60,600 | +15% +14% +13% +12% +11% +10% +9% +8% +7% +6% +5% +4% +3% +2% +1% 0% -1% -2% -3% -4% -5% -6% -7% -8% -9% -10% | 0 | +15% +14% +13% +12% +11% +10% +9% +8% +7% +6% +5% +4% +3% +2% +1% 0% -1% -2% -3% -4% -5% -6% -7% -8% -9% -10% | 25,250 | +15% +14% +13% +12% +11% +10% +9% +8% +7% +6% +5% +4% +3% +2% +1% 0% -1% -2% -3% -4% -5% -6% -7% -8% -9% -10% | 0 |
Projected Workforce Productivity (pairs per worker in Y12) | 5,265 | 0 | 3,744 | 0 |
Number of Workers Employed (given branded production entries) | 760 | 0 | 1,068 | 0 |
$000s | $/pair | $000s | $/pair | $000s | $/pair | $000s | $/pair | |||
---|---|---|---|---|---|---|---|---|---|---|
Cost of Labor Associated Production Per-pair figures not adjusted for rejected pairs. | Production Workers | Base Wages | 26,359 | 5.99 | 0 | 0.00 | 13,073 | 3.04 | 0 | 0.00 |
Incentive Pay | 3,868 | 0.88 | 0 | 0.00 | 2,820 | 0.66 | 0 | 0.00 | ||
Fringe Benefits | 2,285 | 0.52 | 0 | 0.00 | 1,640 | 0.38 | 0 | 0.00 | ||
Overtime Pay | 4,339 | 0.99 | 0 | 0.00 | 1,683 | 0.39 | 0 | 0.00 | ||
Total | 36,851 | 8.38 | 0 | 0.00 | 19,216 | 4.47 | 0 | 0.00 | ||
Best Practices Training Expenditures | 1,976 | 0.45 | 0 | 0.00 | 2,136 | 0.50 | 0 | 0.00 | ||
Supervisory Compensation (salary + benefits) | 1,151 | 0.26 | 0 | 0.00 | 682 | 0.16 | 0 | 0.00 | ||
Total Cost of Production Labor | 39,978 | 9.09 | 0 | 0.00 | 22,034 | 5.12 | 0 | 0.00 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started