Assignment #2: Calculating Employee Incentives<\/p>\n
Quality Skis Produced Weekly Payout Amount<\/p>\n
0 – 20 $0.00<\/p>\n
21 – 30 $200.00<\/p>\n
31 – 40 $350.00<\/p>\n
41 – 50 $500.00<\/p>\n
> 50 $800.00<\/p>\n
\u00a0Data to determine the total incentive payouts for the five employees in the incentive plan. \u00a0<\/p>\n
Total skis produced on a weekly basis = add the the number of skis produced weekly by every employee<\/p>\n
Week 1 <\/p>\n
27+32+39+35+35=168<\/p>\n
Week 2<\/p>\n
15+25+31+34+38=143<\/p>\n
Week 3<\/p>\n
Week 3<\/p>\n
30+42+17+24+37=150<\/p>\n
Week 4<\/p>\n
24+47+29+34+42=176<\/p>\n
Week 5<\/p>\n
42+51+32+48+48=221<\/p>\n
In order for a weekly payout to occur, the group as a whole must achieve a minimum amount of 150 quality skis. If they do not produce at least 150 quality skis in a week, then no one receives an incentive payout that week.<\/p>\n
From our calculation that means the employees met the 150 skis production target.<\/p>\n
The payouts vary per person based on the amount of quality skis they produce each week.<\/p>\n
Determining the total incentive payouts for the five employees in the incentive plan. \u00a0<\/p>\n
Total amount of playout per employee<\/p>\n
Dominick<\/p>\n
27*200+ 15*0+ 30*200+24*200+42*500<\/p>\n
5400+0+600+4800+21000=31800<\/p>\n
Megan<\/p>\n
32*350 +25*200 + 42*500 + 47*500 + 51*800<\/p>\n
11200+5000+21000+23500+40800=101500<\/p>\n
Patrick<\/p>\n
39*350 + 31*350 + 17*0 + 29*200 + 32*350<\/p>\n
13650+10850+0+5800+11200=41500<\/p>\n
John<\/p>\n
35*350+34*350+24*200+34*350+48*500<\/p>\n
12250+11900+8400+6800+24000=63350<\/p>\n
Vincent<\/p>\n
35*350+38*350+37*350+42*500+48*500<\/p>\n
12250+13300+12950+14700+24000=77200<\/p>\n
Total payouts for all employees in the 5 weeks= 31800+101500+41500+63350+77200<\/p>\n
=$315350<\/p>\n","protected":false},"excerpt":{"rendered":"
Assignment #2: Calculating Employee Incentives Quality Skis Produced Weekly Payout Amount 0 – 20 $0.00 21 – 30 $200.00 31<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-42461","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n