As the new HR Professional, you have been asked to calculate the true "all-in" cost of a $30 per hour employee.
a) Assume 8 statutory holidays per year per Ontario ESA, which the employee does not work.
b) Assume 2 weeks of vacation per year.
c) Assume the employee works 40 hours per week.
d) Assume the employee is eligible for a 4% annual salary increase.