## Are you looking for help with HRMT 5190 Labour and Employee relations?

__HRMT 5190 Labour & Employee Relations__

__Name:__

__Costing Assignment:__

You will be costing the impacts of an agreement outlined as follows:

- Agreed to a 3-year contract effective April 1, 2021 to March 31, 2024. Key terms:
- 2% general wage increase on April 1, 2022 and April 1, 2023
- $3600 signing bonus for each employee PRIOR TO the start of contract i.e. paid in full before April 1, 2021.

- Cost the settlement and provide answers to the questions below.
- You must explicitly identify any assumptions you make beyond those stated below.
- Use this form only to provide your answers. Spreadsheets etc. are not acceptable.

**Assumptions for the Assignment:**

- There are 1,000 FTE (full-time equivalent) employees in the bargaining unit. There are no part time employees
- Basic work week = 37.5 hours (7.5 hours x 5 days/week)
- Calendar year = 52 weeks
- There are eleven (11) paid statutory holidays in the collective agreement
- Each FTE has three (3) weeks = 15 work days of paid vacation
- For all salary info assume an average of $20 per hour as of March 31, 2020.
- For all salary info assume total healthcare benefits = 25% of salaries
- Contract year is April 1 to March 31.

Record your answers to the questions and show ALL your work (no part marks without it!)

- (1 point) Start the BASE CASE: calculate the total cost of employing a single average employee for one hour as at the day prior to commencing the new agreement in April 2021 [i.e. wages AND benefits]:

Show work:

Answer:

- (1 point) Continuing the BASE CASE: calculate the number of PAID HOURS PER YEAR per employee:

Show work:

Answer:

- (1 point) Continuing the BASE CASE: Calculate the total cost (including benefits) of employing a single average worker for one year prior to April 1, 2021:

Show work:

Answer:

- (1 point) FINISHING the BASE CASE: Calculate the total cost for ONE year of wages and benefits for the whole bargaining unit prior to the new agreement i.e. at March 31, 2021 AND ignore any one-time costs:

Show work:

Answer:

- For the BASE CASE [i.e. BEFORE April 1, 2021] calculate the total number of paid time hours not worked in a single YEAR for each EMPLOYEE [include in this calculation ONLY the statutory “paid holidays” and paid vacations found in the assumptions]. Calculate:
- (1 point) For ONE employee total hours paid
worked in a year__not__**:**

- (1 point) For ONE employee total hours paid

Show work:

Answer:

- (1 point) For ONE employee total hours ACTUALLY WORKED

Show work:

Answer:

- (1 point) For a THOUSAND EMPLOYEES total hours ACTUALLY WORKED in a year.

Show work:

Answer:

- (1 point) For ONE employee total PAY (including benefits) for paid time not worked in a year:

Show work:

Answer:

- (1 point) Start the NEW CASE: calculate the total cost of employing a single average employee for one hour as at the day after commencing the new agreement in April 2021 [i.e. wages AND benefits]:

Show work:

Answer:

- (1 point) Continuing the NEW CASE: Calculate the total cost of employing a single average worker from April 1, 2022 to March 31, 2023 (including benefits):

Show work:

Answer:

- (3 points) Continuing the NEW CASE: Calculate the total cost of employing a single average worker in calendar year 2023 (including benefits):

Show work:

Answer:

- (1 point) Calculate the dollar amount of any
**one-time****costs**in the deal (for the entire bargaining unit):

Show work:

Answer:

- (1 point) Identify by name (not the amount) any
**ongoing****costs**(not savings) in the deal:

Answer:

- (2 points) Identify by name one other
**one-time cost**that the parties could have agreed to (but didn’t):

Answer:

- (3 points)
**Draft the contract language**(no more than 2 sentences) that clearly and unambiguously identifies the parties’ agreement to the one-time cost you suggested in answer to question #11:

You must be logged in to post a comment.