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III. Compensation 1. Proposed Wage Increase Source XD BIUS X₂ x Ix G Job Level 5 4 3 2 1 Company wage rate $19,237 $14,959. $12,786. $10,621 $8,501 Wage Increase $290 $275 $250 $225 $200 Number of Employees 20. 25 50 51 423 Cost per level $5,800 $6,875 $12,500 $11,475 $84,600 Total increases: $121,250 Total Payroll: $5,535,610 Employee Benefits: 24.71% 2. Proposed Benefits Increase Source a E B I US x, x* 15 用 222

III. Compensation 1. Proposed Wage Increase Source XD BIUS X₂ x Ix G Job Level 5 4 3 2 1 Company wage rate $19,237 $14,959. $12,786. $10,621 $8,501 Wage Increase $290 $275 $250 $225 $200 Number of Employees 20. 25 50 51 423 Cost per level $5,800 $6,875 $12,500 $11,475 $84,600 Total increases: $121,250 Total Payroll: $5,535,610 Employee Benefits: 24.71% 2. Proposed Benefits Increase Source a E B I US x, x* 15 用 222

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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III. Compensation 1. Proposed Wage Increase Source XD BIUS X₂ x Ix G Job Level 5 4 3 2 1 Company wage rate $19,237 $14,959. $12,786. $10,621 $8,501 Wage Increase $290 $275 $250 $225 $200 Number of Employees 20. 25 50 51 423 Cost per level $5,800 $6,875 $12,500 $11,475 $84,600 Total increases: $121,250 Total Payroll: $5,535,610 Employee Benefits: 24.71% 2. Proposed Benefits Increase Source a E B I US x, x* 15 用 222
Transcribed Image Text:III. Compensation 1. Proposed Wage Increase Source XD BIUS X₂ x Ix G Job Level 5 4 3 2 1 Company wage rate $19,237 $14,959. $12,786. $10,621 $8,501 Wage Increase $290 $275 $250 $225 $200 Number of Employees 20. 25 50 51 423 Cost per level $5,800 $6,875 $12,500 $11,475 $84,600 Total increases: $121,250 Total Payroll: $5,535,610 Employee Benefits: 24.71% 2. Proposed Benefits Increase Source a E B I US x, x* 15 用 222
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