Next year baldwin plans to include an additional performance bonus of 0.25% in its compensation plan. this incentive will be provided in addition to the annual raise, if productivity goals are reached. assuming the goals are reached, how much will baldwin pay its employees per hour?

The correct answer is $25,062.50.

Baldwin will pay a total amount of $25,062.50 per hour to its 50 employees.

Further Explanation:

Baldwin plans to include an additional performance bonus of 0.25%. He pays an amount of $50 per hour, and now he plans to pay an extra performance bonus of 0.25%. Therefore Baldwin will pay:

Step 1:

Amount to be paid to each employee per hour:

Amount paid to each employee per hour = Pays the employee per hour × (1+ Additional  

Performance bonus)

= $50 × (1+0.0025)

= $50.125 per hour to each employee

Step 2:

Amount to be paid to his 50 employees:

Amount paid to 50 employees per hour= Number of employees × Amount paid to each        

                                                                      Employee per hour

= 50 × $50.125

= $25,062.50 per hour

Therefore, Baldwin will pay a total amount of $25,062.50 to its 50 employees per hour.

Learn More:

1. Net pay

2. Credit score  

3. Bond Tax-free interest  

Answer Details:

Grade: High school

Chapter: Job satisfaction

Subject: Business studies

Keywords:

Next year Baldwin plans to include an additional performance bonus of 0.25% in its compensation plan, this incentive will be provided in addition to the annual raise, if productivity goals are reached, assuming the goals are reached, how much will Baldwin pay its employees per hour, $25,062.50 per hour, he plans to pay an extra bonus to its employees as an additional performance bonus of 0.25%.

answer; engaging in effective public relations;