Saturday, January 3, 2009

How many jobs would this create?

This would create an instant surge of 11% increase on the number of jobs that are required to work 40 hours a day.

Explaining the 11%
Assume a company with a 100 employees working 40 hours in a week. This would amount to 4000 work hours. The same 100 employees on a work week of 36 hours would work 3600 hours. To make up for the 400 hours, the company would need to hire 11 additional employees that would work 36 hours on a week, making up a total of 396 hours, very close to the 400 hours needed. In short, a company with 100 employees would immediately need 111 employees, an increase of 11% in the number of jobs.