You need to hire a part-time associate to work 30 hours a week in your store. You have $250 in labor budget for the new associate each week. You just interviewed an excellent candidate for the position who has requested to be paid $9.00 per hour. Your average part-time associate currently makes $8.26 per hour. How much additional labor budget per week would you need in order to hire the candidate you interviewed at the rate that has been requested?

Question

You need to hire a part-time associate to work 30 hours a week in your store. You have $250 in labor budget for the new associate each week. You just interviewed an excellent candidate for the position who has requested to be paid $9.00 per hour. Your average part-time associate currently makes $8.26 per hour. How much additional labor budget per week would you need in order to hire the candidate you interviewed at the rate that has been requested?

Answer 1

30*9 = 270

So, add 270-250

the rate the other workers have is just noise.

Answer 2

To determine the additional labor budget per week needed to hire the candidate at their requested rate, follow these steps:

Step 1: Calculate the difference in hourly wages between the candidate's requested rate and the average rate of your current part-time associate.
$9.00 - $8.26 = $0.74

Step 2: Multiply the difference in hourly wages by the number of hours the part-time associate will work in a week.
$0.74 x 30 = $22.20

Hence, you would need an additional labor budget of $22.20 per week to hire the candidate at their requested rate.