Accounting Case study using Ontario pricing rates

Case study on fringe benefits

Weight: 5% of your final grade

A service company, Tech Help Inc., wants to improve its hiring rate. The company specialises in providing technical help. The industry does not have enough new recruits to keep up with demand. Companies are competing to hire new graduates. Tech help plans to offer an hourly wage of $25, which is the industry average. You are the HR manager and you have been asked to put together an attractive package to attract new employees to your firm. Employees will work 1,920 hours per year. Your maximum hourly budget for the total labour costs per hour is $32. The firm plans to hire a minimum of 25 healthy new recruits between the age of 19 and 25. The industry classification is 54 (Professional, scientific and technical services) and the WSIB classification is service and rate group is Personal Services. The company already has 75 employees.

Required

1. List all mandatory benefits you will have to provide to employees.
2. Calculate the yearly cost of each mandatory benefits.
3. List all the optional benefits you will offer employees.
4. Calculate the yearly cost of each optimal benefit.
5. Calculate the hourly cost of labour based on your benefit package.
6. List all your references in APA Conestoga