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?
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If Baldwin currently pays his employees with $ 50 / hour and promises to deliver an additional performance bonus of 0.25% after reaching productivity goals, Believe that they have 500 employees, they need to pay their employees:
$ 50 * (1 + 0.0025) = $ 50.125 / hour will be the new rate for each employee,
If he has 500 employees:
500 * $ 50.125 = $ 25,062.50
They will have to pay a total of $ 25,062.50 per hour.
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