Experienced substantial employee turnover

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Butcher Enterprises has experienced substantial employee turnover among its office workers. During exit? interviews, more than 80 percent stated that low pay was the top reason for resigning. The company conducted a survey of local? companies' pay practices to confirm whether this concern is valid.? Indeed, Butcher? Enterprises' average hourly pay rate for total compensation falls well below the market. The compensation survey showed an average hourly rate of ?$29.00 for total compensation. Of this? amount, wages are ?$26.00 per hour and benefits are $3 per hour. In? comparison, Butcher Enterprises spends an average hourly rate of $22 for total compensation. Of this? amount, 80 percent is allocated for wages.

Butcher Enterprises spends ?$ ______ on wages and ?$ ______ on? benefits, respectively, on an average hourly basis. Round your response to the nearest hundreths place.

Reference no: EM132205565

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