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In your role as a conpensation analyst, you have been assigned to calculate and compare the estimated costs of hiring fullitime and purt-time emcloyees in
In your role as a conpensation analyst, you have been assigned to calculate and compare the estimated costs of hiring fullitime and purt-time emcloyees in antipation of staffing a propect. it wil take 150,000 work hours to complete the project, and the project must be complebed within a 5 inork week period. The work woek runs Monday through Friday, within the daily hours of 8 am to 4 pm. Fullime wokers provide 40 hours of weekly service. Part-5ime workers provise 20 hours of weekly service. Assume that the hourty wape rabe for fultime workers is $30, and the rabe is $16 for part-5irne workers. Both categories of workers perform the same sobs of tasks. Aso, assume Frat cosks of bendts equat the amounts sisplayed in Tacte 12.2 . If the project is only stafed with fultime workers, employees wal be neteded fo complete the projoct. The estimaled totx coets of wages and benefis would be i Definition Employess' Hourly Costs for Full- and Part-Ime Employee Benefits, Marth 2018 . antopotion of staffing a project. It wil take $50,000 work hours so eomplebe the project and the projoct must be eomplobed within a 5 -avork week poriod. The work wookly service. Assume that the hourly wage rate for fultime workers is $30, and tho rake is $16 for part-5ime workers. Both calegories of workers perform the same sebs of tasks Aso, assume that costs of berefts equal the amounts displayed in Taste 122. If the proinct is only ataffed with fuldime wokers. employees wil be nected to ocmolete the prolect. The esamated total costs of wapos and benefics would be $6400000. If the propect is only satafed with partsime workers, employest wal be nessed to complate the propect. The esfimated total costs of wagos and beneffe would be
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