Compute the average wage in each year and multiply

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Reference no: EM133265544

How much more would it cost if all Tier 2 employees at GM were paid the same as Tier 1 employees are paid today? How much more will it cost in each of the four years of the recent contract to implement the contract agreement to move current Tier 2 employees to Tier 1 wage levels over time? Hint: Use the information on the percentage of employees who are Tier 1 and Tier 2. Compute the average wage in each year and multiply it times the number of employees in each Tier and multiply by 2,080 hours per year.

Reference no: EM133265544

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