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Determine the true cost of each employee. In addition to the items listed below, each employee has been hired through an agency charging a fee
Determine the true cost of each employee. In addition to the items listed below, each employee has been hired through an agency charging a fee of 20% of each employee's base salary. Your first three hires are as follows:
- Warehouse worker: this employee starts at $8.50 per hour. The employee is offered health insurance at a cost of $200 per month to you, and one week of paid vacation.
- Traveling salesperson: this employee receives a base salary of $50,000 per year, a bonus of up to 20% of base pay, health insurance at a cost to you of $300 per month, and a car allowance of $600 per month. The employee receives two weeks of paid vacation.
- Plant manager: this employee receives a base salary of $60,000 with a possible bonus of 10%. Insurance costs you $300 per month. The plant manager is given two weeks of paid vacation.
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