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please help with one problem!! Sometimes, companies choose to make adjustments to salaries or discretionary employee benefits. In bes case scenarios, compensation professionals have successfully
please help with one problem!!
Sometimes, companies choose to make adjustments to salaries or discretionary employee benefits. In bes case scenarios, compensation professionals have successfully bargained for an increase in budget to fund adjustments. In other cases, adjustments are made within the existing budget as is the case here. Making changes influence pay mixes when resources from one benefit are reallocated to increasing the funding of others. For this scenario, compensation professionals are making calculations based on the current level of funding for the compensation program. For a workforce of 1,475 full-time employees who work 40 hrs per weeks and 500 part-time employees who work 28 hours per week, the weekly total compensation is $1,561,790. Round your response to the nearest hundredths place. The company has decided not to contribute to a retirement and savings plan for part-time employees, so it will save $3,780 on a weekly basis. Round your response to the nearest hundredths place. If the company eliminates paid time-off benefits for part-time employees, and increases paid time-off benefits for full-time workers by $0.30, the total weekly compensation for the entire workforce will be $ Round your response to the nearest hundredths place Step by Step Solution
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