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Suppose you are the human resource manager for a cellular phone company with 7 0 0 employees. Top management has asked you to implement three
Suppose you are the human resource manager for a cellular phone company with employees. Top management has asked you to implement three additional fringe benefits that were negotiated with employee representatives and agreed upon by a majority of the employees. These include group term life insurance, a group legal services plan, and a wellness center.The life insurance is estimated to cost $ per employee per quarter. The legal plan will cost $ semiannually per employee. The company will contribute to the life insurance premium and to the cost of the legal services plan. The employees will pay the balance through payroll deductions from their biweekly paychecks. In addition, they will be charged of their gross earnings per paycheck for maintaining the wellness center. The company will pay the initial cost of $ to build the center. This expense will be spread over years.aWhat total amount should be deducted per paycheck for these new fringe benefits for an employee earning $ per year?$ bWhat is the total annual cost of the new fringe benefits to the company?
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