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Jennifer Proctor
Dr. Tucker
Management 211
June 20, 2016
1. What would be the dollar impact if the 5 percent increase planned for January 1 were
reduced to 3.5 percent and postponed until April 1?
Since July to March is 75% of the year, multiply the base salary by 0.75. Then multiply the
base by 3.5% or 0.035 for April’s increase. Add the base to this amount for the new base.
Since April to June is 25% of the year, multiply the new base by 0.25 for the salary for these
3 months. Lastly add the July to March salary to the April to June salary to get the total for
the fiscal year.
Job Title
Current
Base
July thru
March
April
3.5%
Increase
New Base
April thru
June
Total for
Fiscal
Year
Director
75000
56250
2625
77625
19406.25
75656.25
Compliance
Specialist
42000
31500
1470
43470
10867.50
42367.50
Registries
Coordinator
42000
31500
1470
43470
10867.50
42367.50
Coder
32000
24000
1120
33120
8280
32280.00
Coder
30000
22500
1050
31050
7762.50
30262.50
Billing
Compliance
Specialist
29120
21840
1019.20
30139.20
7534.80
29374.80
Release of
Information
Specialist
25000
18750
875
25875
6468.75
25218.75
Secretary
20800
15600
728
21528
5382
20982.00
Medical
Transcriptionist
27040
20280
946.40
27986.40
6996.60
27276.60
Medical
Transcriptionist
26000
19500
910
26910
6727.50
26227.50
Medical
Transcriptionist
22000
16500
770
22770
5692.50
22192.50
Release of
Information
Clerk
18100
13575
633.50
18733.50
4683.38
18258.38
Registries
Specialist
25000
18750
875
25875
6468.75
25218.75
Medical
Record
Specialists II
19400
14550
679
20079
5019.75
19569.75

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Medical
Record
Specialist I
17000
12750
595
17595
4398.75
17148.75
2. As an alternative cost saving strategy, determine the annual savings if all hourly staff
were reduced from 40 to 37.5 hours as their standard workweek. Consider the top three
staff- director, compliance specialist, and registries coordinator- as salaried and thus
unaffected by the workweek change.
If the workweek hours are reduced from 40 to 37.5 hours for the affected employees, then
divide 37.5 by 40 to get 0.9375. Then multiply the current salary by 0.9375 to get the
proposed salary amounts.
Current
Base
Proposed
Salary
Savings
75000
75000
0
42000
42000
0
42000
42000
0
32000
30000
2000
30000
28125
1875
29120
27300
1820
25000
23437.50
1562.50
20800
19500
1300
27040
25350
1690
26000
24375
1625
22000
20625
1375
18100
16968.75
1131.25
25000
23437.50
1562.50
19400
18187.50
1212.50

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Jennifer Proctor Dr. Tucker Management 211 June 20, 2016 1. What would be the dollar impact if the 5 percent increase planned for January 1 were reduced to 3.5 percent and postponed until April 1? Since July to March is 75% of the year, multiply the base salary by 0.75. Then multiply the base by 3.5% or 0.035 for April’s increase. Add the base to this amount for the new base. Since April to June is 25% of the year, multiply the new base by 0.25 for the salary for these 3 months. Lastly add the July to March salary to the April to June salary to get the total for the fiscal year. Job Title Director Compliance Specialist Registries Coordinator Coder Coder Billing Compliance Specialist Release of Information Specialist Secretary Medical Transcriptionist Medical Transcriptionist Medical Transcriptionist Release of Information Clerk Registries Specialist Medical Record Specialists II Cu ...
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