Answer:
Wage rate = $960
Explanation:
Supply of labor is the number of hours workers are willing to work at a given real wage rate. When wage rate increases, supply of labor also increases because more people are encouraged as now they can obtain a higher income. When wage rate decreases, labor supply also decreases.
<em><u>View diagram</u></em>
In this case, however, there has been a decrease in supply, causing the supply curve to shift from S to S1. This can be due to many reasons such as migration, increase in minimum working age or increase in interest in education causing more people to study. When the supply of labor falls, there are less people available for work. Thus, demand exceeds supply, causing a shortage. Hence, the pressure causes price, i.e. wage rate to increase. To determine by how much the increase is, cross-multiplication can be used:
At 25 laborers, wage rate is $600 (25 = 600)
At 15 workers, wage rate is X (15 = X)
We now substitute for X, which is the amount by which wage rate will increase.
25 / 600 = 15 / X
Thus, 25X = 9000 (600 x 15)
9000 / 25 = X
X = 360.
Hence, wage rate at 15 laborers is 600 + 360 = $960
Employee benefits are nonsalary compensation granted by an employer.
These are other "perks" from your employer, like health/dental/life insurance, stock in the company, discount programs (for example cell phone service discounts), 401K matching, etc.
Local languages, the dominant religions, views toward leisure time, and the age and lifespan demographics constitute the sociocultural factors that significantly influence business.
<h3>What is local language ?</h3>
Local Language means the language declared by the concerned State Government as their official language.
There are various type of languages :
- Standard / Polite / Formal.
- Colloquial / Informal.
- Regional Dialect.
- Social Dialect.
- Lingua Franca.
- Pidgin.
- Creole.
- Vernacular.
<h3>What is Sociocultural?</h3>
Sociocultural is a term related to social and cultural factors, which means common traditions, habits, patterns and beliefs present in a population group. The term is mostly used in sociologic and marketing contexts and refers to the most remarkable drivers behind the way people makes decisions in a society.
Therefore, The sociocultural influences that have a considerable impact on business are local languages, the prevalent faiths, attitudes toward leisure, and age and lifespan demographics.
Learn more about Sociocultural on:
brainly.com/question/24769813
#SPJ4
The Johannesburg Stock Exchange (JSE) is pleased to announce that it has embarked on a process to incorporate JSE Investor Services Proprietary Limited (JIS) as a wholly owned subsidiary of the JSE by acquiring the minority shareholding of 25.15 % from LMS Partner Holdings. The acquisition is subject to the fulfillment of suspensive conditions. In November 2020, the JSE acquired a 74.85% shareholding in JIS (formerly Link Market Services South Africa Proprietary Limited). JIS provides Share Registry, Custody and Investor Services to its clients.
JIS CEO, Iqbal Haniff, will remain as CEO until June 2022, fulfilling his obligations as part of the transaction. A process to recruit for a new successor will begin later this year to ensure a smooth transition and handover period between the new CEO and Mr Haniff. This will support the JSE’s commitment to knowledge transfer, continuity in operations and trusted relationships with clients. Haniff will remain available thereafter on a consultative basis to JIS.
“I wish to thank Iqbal for his incredible leadership at JSE Investor Services, building the company over the years making it a full-service business that is meeting the needs of our clients. I look forward to working closely with him during his transition and continuing a long-standing relationship with him well into the future,” says Leila Fourie, CEO of the Johannesburg Stock Exchange.
In order to strengthen JIS’ proposition to its clients, JIS has reached an agreement with Investec Share Plan Services Proprietary Limited (“ISPS”) to acquire a portion of its share plan services business. The arrangement includes a licensing and support services agreement with ISPS for the share plan services administration platform. ISPS will retain the brokerage business within its existing business operation. This acquisition and association will enable JIS to expand its Broad Based Black Economic Empowerment and employee share administration services product offering. JIS will assume the relationship with over 90 clients, supporting JSE Group’s strategy to expand its client base and diversify its revenue.
“We are continuously looking at new ways to innovate and to service our ever growing client needs. We believe that this expansion into executive employee share services will create more opportunities for the JSE to provide the right solutions for our clients. We are excited about the opportunities that this initiative affords both JIS and Investec,” concludes Fourie.
