You are HR director for a growing architecture firm in Phoenix, Arizona, which currently tas need...

 

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You are HR director for a growing architecture firm in Phoenix, Arizona, which currently tas need of drafting 36 blueprints every hour. Each of your company's architects can create on average three blueprints per hour. You are considering hiring three drafters to shoulder the load; each drafter is slower than the architects and can ereate on average only two blueprints per hour. Notice that the architects in your company earn the local occupational median wage of $39.83 per hour, but that the prospective three drafters will likely want to get paid their local occupational median wage of $28.93 per hour. a. Would your company save money in the creation of the 36 blueprints by hiring the three new drafters and firing some architects? b. The Bureau of Labor Statistics projects that enmployment of drafters over the next decade will drop by 2.5%, compared to an increase of 0.8% for architectst your company assumes that this will reduce drafter wages down to $25.95 due to the drop in demand for them. If the other values remain the same (architect wage and speed, need for 36 blueprints per hour), would the company save money in the creation of the 36 blueprints by hiring four drafters and firing some architects? You are HR director for a growing architecture firm in Phoenix, Arizona, which currently tas need of drafting 36 blueprints every hour. Each of your company's architects can create on average three blueprints per hour. You are considering hiring three drafters to shoulder the load; each drafter is slower than the architects and can ereate on average only two blueprints per hour. Notice that the architects in your company earn the local occupational median wage of $39.83 per hour, but that the prospective three drafters will likely want to get paid their local occupational median wage of $28.93 per hour. a. Would your company save money in the creation of the 36 blueprints by hiring the three new drafters and firing some architects? b. The Bureau of Labor Statistics projects that enmployment of drafters over the next decade will drop by 2.5%, compared to an increase of 0.8% for architectst your company assumes that this will reduce drafter wages down to $25.95 due to the drop in demand for them. If the other values remain the same (architect wage and speed, need for 36 blueprints per hour), would the company save money in the creation of the 36 blueprints by hiring four drafters and firing some architects?

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ANeed of blueprints 36 per hour Architects create blueprints 3 per hour and demand for 3983 ... View the full answer