Salary: 6.5*8*5*4*6=$6240(monthly) $74880 (annually)
Benefits- Social Security- 74.36*6*12=$5353.92
Total Savings of: $86802.24
Also, Team D concluded that the changes would be made to the monthly fees for enrollment. Instead of paying the suggested $200 dollars a month, we would have parents pay $350 dollars a month. The advantages of this would be more revenue generated, a much better quality of service would be provided, workers would receive a .50-cent pay increase, and we would be more competitive with our competition. The reason for giving workers a pay increase is due to the cost of living rising and our economy changing. This pay increase would also be used as a tool to assist with retaining workers in our day care. The disadvantages of enrollment fees increasing would be enrollment declining due to fees changing, parents requesting more services then provided, and hours of business being altered. (Parents requesting that the day care open for business earlier and close later). This would also cause workers to work overtime if our time of business is altered. Overtime for workers means more money paid out for salaries. This would hurt our budget if not managed properly.