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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
= $23.00 * (1-12%)
= $23.00 * 88%
The Total Cost of monthly wages for:-
(a) current highly skilled workers is $662,400
Working: 450 workers * 40% * $23 /hour * 160 hours
(b) current workers who are building skills through training is $874,400
Working: 450 workers * 60% * $20.24 /hour * 160 hours
= $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
= $51,500 (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
= $181,400 (Rounding to nearest hundredths place)
Please answer correctly and round the answers to the nearest HUNDREDTHS place Hiring a Mix of...
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