The terms of the last collective agreement provided wage and benefits have resulted in costs in the finalyear of the contract of:Average Hourly Wage Rate:$30.00Wage Impacted Benefits:$ 4.50Non-Wage Impacted Benefits:$ 3.00Total Compensation Rate:$37.50These numbers will be used as the base year for future calculations.Union ProposalsGeneral wage increase to all job classifications – 20%1. Jim will need to calculate the impact of the 20% wage increase proposed by the union. In order to dothis he will have to make the following calculations:a-show the impact on AHWRb-show the impact on WIBc-show the impact on NWIBd-calculate the new TCR for Wilson Bros in the first year of the new agreement if the company actuallyagreed to a 20% wage proposal as presented by the union. (5 marks)2. Jim will need to calculate the impact of the safety boot and pension proposal on the non-wageimpacted benefit calculation in the first year of the new agreement. He will assume each employeeworks a 40-hour week, 52 weeks per year. Calculate the new non-wage impacted benefit (NWIB thatwould result from accepting the unionâ€™s proposals)? (5 marks)Add new: Pension Plan Company Contribution of $500,000 in the first year of the new collectiveagreement.Add new: Safety Boots Requirement, Company Paid, $50.00 per year per employee.
https://www.topgradeaccountants.com/wp-content/uploads/2020/07/LOGO-TG1.png 0 0 milton https://www.topgradeaccountants.com/wp-content/uploads/2020/07/LOGO-TG1.png milton2020-07-21 21:39:242020-07-21 21:39:24The terms of the last collective agreement provided wage and benefits have resulted in costs in the