Compensation of employees includes both direct compensation through wages and indirect through benefits. In this assignment you will calculate the total cost of compensation for your firm in its starting situation and also calculate the impact of changes in wages and benefits. 1. Calculate the total compensation for each employee level, then calculate the hourly wage and hourly compensation. Assume 520 hours in the quarter. Job Quarterly Level Wage 5 $18,000 $14,000 $12,000 $10,000 $8,000 4 3 2 1 Benefits @ 20% Total Compensation Hourly Wage Hourly Compensation

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