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If the non-union company wanted to reduce the gap by 20% for wages and salaries and by 25% for paid leave, insurance and retirement, how
- If the non-union company wanted to reduce the gap by 20% for wages and salaries and by 25% for paid leave, insurance and retirement, how much would it cost the organization if it had 200 employees who would be impacted by the change? Calculate for each factor and also provide a total amount for wages and salaries and for benefits. Assume all employees work 2080 hours per year.
A B C D E F G H Total Compensation Wages and Retirement and Legally Required Salaries Paid Leave Insurance Savings Benefits Total Benefits Union $ 48.34 $ 28.94 $ 2.60 $ 7.06 $ 5.48 $ 4.26 $ 19.40 NonUnion Difference Union Premium To Close the Gap by 20% $ 36.62 $ 26.09 $ 2.58 $ 3.08 $ 1.71 $ 3.16 $ 10.53 $ 11.72 $ 2.85 $ 0.02 $ 3.98 $ 3.77 $ 1.10 $ 8.87 32% 11% 1% 129% 220% 35% 84% S 2.34 $ 0.57 $ 0.00 $ 0.80 $ 0.75 $ 0.22 $ 1.77
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