Average Yearly Wage
Average Hourly Wage
Dollar value of yearly benefits (per employee)
Total Compensation (wage + benefits)
Daily average number of hours paid
3%
Implement deductible ($50 anually):
*Health Care (10%)
*Dental Plan
(15%)
Deduction of benefit:
*Eliminate 10-min paid break
Coordination with legally required
benefit:
*Integrate CPP with Lightning Industries pension plan
(subtract CPP payout from pension benefit)(15%)
$2460 - $1647 = $813
Improved claims processing for:
*Short-term disability
(20%)
*Long-term disability
(5%)
Require probationary period (1yr) before eligible for:
*Discounts on goods (10%)
*Contributions to employee savings plan (10%)
Co-insurance (80%):
*Healthcare plan (20% is covered by Lightning Industries)
