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develop a plan for the distribution of salaryincreases. supp

develop a plan for the distribution of salaryincreases. supp

develop a plan for the distribution of salaryincreases. suppose you are employed in a local industry, and your supervisor hasassigned you to distribute annual raises that must average 4% per departmentamong 6 team members. no team member can get exactly 4%, and the raise must beat least 2% and no more than 6%.you may establish your own criteria for distributingthe raises, but you are given the years of experience and the rating on annualperformance reviews for each member. a performance rating of 1 is the lowestrating possible and a rating of 5 is the highest.employee 1 has 4 years’experience, a performance rating of 4, and a salary of $28,500.employee 2 has 3 years’experience, a performance rating of 4, and a salary of $28,500.employee 3 has 10 years’experience, a performance rating of 4, and a salary of $32,700.employee 4 has 7 years’experience, a performance rating of 3, and a salary of $31,400.employee 5 has 15 years’experience, a performance rating of 3, and a salary of $34,500.employee 6 has 12 years’experience, a performance rating of 5, and a salary of $32,400.- decide the amount of increase for each member.- prepare your recommendations for your supervisorthat includes the following:a. a table showingthe original salary, the amount of increase, the new salary, and the percent ofincrease for each employee. b. show thecalculations to verify that the total amount of increases is exactly 4% of thetotal original salaries except for rounding discrepancies. c. will thepercent of change also average 4%? why or why not?d. what otherfactors could have been used to calculate pay raise? e. many feel thatpay raises should reflect seniority only? do you agree? why or whynot?

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NB

Payment Prоcess

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Regards,

Custоmer Suppоrt

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