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# Please answer correctly and round the answers to the nearest HUNDREDTHS place Hiring a Mix of...

Please answer correctly and round the answers to the nearest HUNDREDTHS place

Highly Skilled workers are those workers which are qualified candidates, Since hourly pay rate to qualified candidates is \$23 hence

(a) The hourly pay rate for highly skilled workers is \$23.00

(b) The hourly pay rate for workers who are building skills through training is \$20.24

Working: 12% below the hourly rate pay to highly skilled workers
= \$23.00 * (1-12%)
= \$23.00 * 88%
= \$20.24

The Total Cost of monthly wages for:-
(a) current highly skilled workers is \$662,400

Working: 450 workers * 40% * \$23 /hour * 160 hours
= \$662,400

(b) current workers who are building skills through training is \$874,400

Working: 450 workers * 60% * \$20.24 /hour * 160 hours
= \$874,368
= \$874,400 (Rounding to nearest hundredths place)

The Total Cost of monthly wages for:-
(a) the newly hired workers (expected to be hired over the next year) who are highly skilled will be \$51,500

Working: 70 workers * 20% * \$23 /hour * 160 hours
= \$51,520
= \$51,500 (Rounding to nearest hundredths place)

(b) the newly hired workers (expected to be hired over the next year) who are building skills through training will be \$181,400

Working: 70 workers * 80% * \$20.24 /hour * 160 hours
= \$181,350.40
= \$181,400 (Rounding to nearest hundredths place)

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