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The company uses the Halsey Standard Hour Plan Given the information in the table below calculate the following (A) number of hours of savings (8) Normal pay for completing the job in the time indicated (C) Savings due to the employee using the 50/50 sharing formula, (D) Total actual pay for the job (E) the actual hourly rate reported to Fair Labor Standards Board, and (F) the pay differential due to the employee's increased aiciency Clearly label your answers Hourly Wage Rate = $ 20.00 Time to complete a job - 4 hours 50/50 sharing between employer and employee Example Employee Employee completes the job in 3 hours Savings is hour Normal pay = $ 20.00/hour Actual pay due to efficiency Savings due to employee Actual pay for the complete job Actual hourly pay rate = job pay / actual hours worked = $ /3= $ Pay differential due to increased efficiency = Actual pay - standard pay ($ $ per hour The company uses the Halsey Standard Hour Plan Given the information in the table below calculate the following (A) number of hours of savings, (B) Normal pay for completing the job in the time indicated, (C) Savings due to the employee using the 50/50 sharing formula, (D) Total actual pay for the job, (E) the actual hourly rate reported to Fair Labor Standards Board, and (F) the pay differential due to the employee's increased efficiency. Clearly label your answers. 6 points Save Ans The company uses the Halsey Standard Hour Plan. Given the information in the table below calculate the following (A) number of hours of savings, (B) Normal pay for completing the job in the time indicated, (C) Savings due to the employee using the 50/50 sharing formula, (D) Total actual pay for the job, (E) the actual hourly rate reported to Fair Labor Standards Board, and (F) the pay differential due to the employee's increased efficiency. Clearly label your answers. Hourly Wage Rate = $ 20.00 Time to complete a job = 4 hours 50/50 sharing between employer and employee Example Employee Employee completes the job in 3 hours Savings is hour Normal pay = $ 20.00/hour Actual pay due to efficiency Savings due to employee Actual pay for the complete job Actual hourly pay rate = job pay / actual hours worked = $ /3 = $ Pay differential due to increased efficiency = Actual pay - standard pay ($ per hour