Question: 1. Cost out these packages given the data in Exhibits 1 and the information obtained from various insurance carriers and other information sources (Exhibit 4).

1. Cost out these packages given the data in Exhibits 1 and the information obtained from various insurance carriers and other information sources (Exhibit 4).
Exhibit 1: Current compensation costs
Average yearly wage...............$26,769
Average hourly wage............... $13.12
Dollar value of yearly benefits, per employee....... $8,923
Total compensation (wages plus benefits) .........$35,692
Daily average number of hours paid......... 8.0
Benefits (by category) ...............Dollar cost/Employee/year
2. Which package should you recommend to Jacobs? Why?
3. Which of the strategies do you think will require less input from employees in terms of their reactions?

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1 1 Legally required payments employers share only 214100 a Old age survivors disability and health insurance FICA taxes 150900 b Unemployment compensation 29200 c Workers compensation including estim... View full answer

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