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How Much Does Your Boss Really Spend on You?
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You think your boss is cheap and doesn’t pay you what you’re worth? There’s a lot more expense
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involved in having you as an employee than just your salary. Let’s take a look at how much your
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boss really spends on you.
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1. You earn $25,000 per year. It’s the beginning of a new year and your boss gives all employees
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a 2.5 percent cost-of-living increase. He has also done job performance reviews and decided
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to reward you with a 3 percent merit increase. What is your new salary?
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2. Your annual employee benefits include the following: 2 weeks paid vacation ($960); 8 paid holidays ($768);
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3 paid sick days ($288); and 80 percent of your annual $3,200 health insurance premium paid.
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Using your new salary from Problem 1, what are your annual benefits?
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(you earn $96.00 per day)
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3. Your benefits are what percentage of your annual salary?
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4. Now what total amount does your employer spend on you annually if you include your
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benefits?
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5. Your company also pays for you to attend a 2-day seminar on communication in the
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workplace. Registration and tuition for the seminar were $250. Workbook and materials cost
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an additional $37.50. Meals were provided twice each day at a cost of $9.95 per meal. What
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total amount in training costs did your employer spend on you?
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