Sometimes, companies choose to make adjustments to salaries or discretionary employee benefits. In best case scenarios, compensationprofessionals have successfully bargained for an increase in budget to fund adjustments. In other cases, adjustments are made within theexisting budget as is the case here. Making changes influence pay mixes when resources from one benefit are reallocated to increasing thefunding of others. For this scenario, compensation professionals are making calculations based on the current level of funding for thecompensation program.Employers' Hourly Costs for Full- and Part-Time Wages and Discretionary BenefitsFull-Time (5)Part-Time (5)10.461.460.610.390.270.19WageTotal discretionary benefitsInsurancePaid time-offRetirement and savingsSupplemental pay16.347.752.732.391421.21For a workforce of 1,700 full-time employees who work 40 hours per weeks and 850 part-time employees who work 22 hours per week, theweekly total compensation is $. 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 $ 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 $0.50,the total weekly compensation for the entire workforce will be $ Round your response to the nearest hundredths place

Organizations and other businesses have a common relationship with customers that is generally…

Answered: Sometimes, companies choose to make…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Include a summary of the requirements for training and certification, as well as some illustrations drawn from real-life scenarios.
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You are the training supervisor for a mid-size city. The city manager and human resource manager meet with you and ask you to design a wellness program for city employees. The city manager tells you that the city health insurance will be reduced by 20% if the city has a wellness program in place and if they can convince 50% of the employees to actively participate in the program. There are currently 250 city employees ranging in age from 19 years to 67 years old. Forty percent of the employees are female and sixty percent are male. The city manager is concerned about the health of his employees' and he is concerned about the rising cost of insurance. The human resource manager shares with you that the primary health issues for the city employees have been high blood pressure, diabetes, heart disease, obesity and depression. In the design of your program, clearly identify the problem, include a needs assessment with supporting data, discuss the strategic plan that you want to…
M6

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