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
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.