Answer:
Step-by-step explanation:
To calculate the hourly rate of wages the skilled worker will get under the Halsey Premium Scheme with a 50% bonus for the same time saved, we can use the formula for the Halsey Premium Scheme:
Effective hourly rate = (Standard time / (1 + (bonus % / 100))) * Guaranteed wage rate
Given:
Guaranteed wage rate = $7.150 per hour
Standard time = 50 hours
Effective hourly rate under the Rowan Incentive Plan = $180
Bonus % for Halsey Premium Scheme = 50%
Plugging in the values:
Effective hourly rate under the Halsey Premium Scheme = (50 / (1 + 0.5)) * 7.150
Effective hourly rate under the Halsey Premium Scheme = (50 / 1.5) * 7.150
Effective hourly rate under the Halsey Premium Scheme ≈ 33.33 * 7.150
Effective hourly rate under the Halsey Premium Scheme ≈ $238.33
Therefore, under the Halsey Premium Scheme with a 50% bonus, the skilled worker will get an effective hourly rate of approximately $238.33 for the same time saved.
