Braodrick Patrick & Homework: Ch 5 Crunch the Numbers Exercise 1 (Copy) 02/27/20 10:39 PM Save Score: 0 of 1 pt 1 of 1 (0 complete) HW Score: 0%, 0 of 1 pt CTN 5.1 Question Help Hiring a Mix of Entry Level Workers and Skilled Candidates under a Skill-Base Pay Program A product distribution company has recently adopted a highly complex automated operations management system with an artificial intelligence component that requires highly skilled workers Company growth is strong and it is expected to increase through the next ten years, requiring it to build additional distribution centers Initially, there were enough highly qualified job candidates with the necessary experience required to perform the job without requiring company investments in training As growth continued the supply of similar job candidates relative to the company's need was low. This labor market reality led the company to establish a skil-based pay system. The company's analysis of the labor market enabled them to project the mix of employees that will be available (those who are already fully qualified needing little training, and those who have the potential to perform well but who do not have the required skills to perform the jobs) The company offers pay that is $24.50 on an hourly basis to entice the best qualified candidates to accept job offers Those new hires are productive right from the start with little company training investment. The company offers the other new hires starting pay at 12 percent below that rate because of the extensive training needed before they can perform their jobs. Finally, the company employs 450 workers of whom 40 percent are paid above the market average and 60 percent are paid below the market average over the next year the company plans to hire 70 additional employees of whom 20 percent are expected to be paid above the market rate and 80 percent are expected to be paid below the market rate (Round your answers to the nearest hundredths place) (a) The hourly pay rate for highly skilled workers is s (b) The hourly pay rate for workers who are building skills through training is 1 Enter your answer in the editields and then check Answer remaining DELL 2:01 ONS ** 35%. E Steven Black Steven Black Thanks Thursday, 10:09 PM Braodrick Patrick he do you know the answer to the crunch numbers for mgmt. 494? Read 1:06 AM 1:08 AM Steven Black The first set of questions is just the full market rate/hour and the market rate* 84% per hour. Second set is those hourly rates * 160 * the number of workers that the hourly rate corresponds to. 3rd set is the same thing as the 2nd but for the additionally hired employees only Fri, Feb 28, 1:08 AM e Send Message > Braodrick Patrick & Homework: Ch 5 Crunch the Numbers Exercise 1 (Copy) 02/27/20 10:39 PM Save Score: 0 of 1 pt 1 of 1 (0 complete) HW Score: 0%, 0 of 1 pt CTN 5.1 Question Help Hiring a Mix of Entry Level Workers and Skilled Candidates under a Skill-Base Pay Program A product distribution company has recently adopted a highly complex automated operations management system with an artificial intelligence component that requires highly skilled workers Company growth is strong and it is expected to increase through the next ten years, requiring it to build additional distribution centers Initially, there were enough highly qualified job candidates with the necessary experience required to perform the job without requiring company investments in training As growth continued the supply of similar job candidates relative to the company's need was low. This labor market reality led the company to establish a skil-based pay system. The company's analysis of the labor market enabled them to project the mix of employees that will be available (those who are already fully qualified needing little training, and those who have the potential to perform well but who do not have the required skills to perform the jobs) The company offers pay that is $24.50 on an hourly basis to entice the best qualified candidates to accept job offers Those new hires are productive right from the start with little company training investment. The company offers the other new hires starting pay at 12 percent below that rate because of the extensive training needed before they can perform their jobs. Finally, the company employs 450 workers of whom 40 percent are paid above the market average and 60 percent are paid below the market average over the next year the company plans to hire 70 additional employees of whom 20 percent are expected to be paid above the market rate and 80 percent are expected to be paid below the market rate (Round your answers to the nearest hundredths place) (a) The hourly pay rate for highly skilled workers is s (b) The hourly pay rate for workers who are building skills through training is 1 Enter your answer in the editields and then check Answer remaining DELL 2:01 ONS ** 35%. E Steven Black Steven Black Thanks Thursday, 10:09 PM Braodrick Patrick he do you know the answer to the crunch numbers for mgmt. 494? Read 1:06 AM 1:08 AM Steven Black The first set of questions is just the full market rate/hour and the market rate* 84% per hour. Second set is those hourly rates * 160 * the number of workers that the hourly rate corresponds to. 3rd set is the same thing as the 2nd but for the additionally hired employees only Fri, Feb 28, 1:08 AM e Send Message >