Financial Management MGMT8500 Case study on fringe benefits Weight: 5% of your final grade A service company, Auto Help Inc. (AHI), wants to improve its hiring rate. The company specializes in providing services to farming implements. The industry does not have enough new recruits to keep up with demand. Companies are competing to hire new graduates. AHI plans to offer an hourly wage of $24.00, which is the industry average. You are the HR manager and you have been asked to put together an attractive package to attract new employees to your firm. Employees will work 1,920 hours per year. Your maximum hourly budget for the total labour costs per hour is $32.00. The firms plans to hire a minimum of 25 healthy new recruits between the age of 19 and 25. The industry classification is 15 (Farm implement dealerships, mechanical irrigation equipment sales and services) and the WCB Rate Code is Automotive and Implement Sales and Services. Required 1. WN List all mandatory benefits you will have to provide to employees. Calculate the yearly cost of each mandatory benefits. List all the optional benefits you will offer employees. 4. Calculate the yearly cost of each optional benefit. 5 . Calculate the hourly cost of labour based on your benefit package. List all your references in APA. Topic marks Mandatory benefits 10 Yearly cost of each mandatory benefits 10 List all optional benefits you will offer to employees 15 Yearly cost of each optional benefit 15 Hourly cost of labour based on your benefit package 10 References 10