Balancing Employee Benefits, HR Management

Assignment Help:
#queYou have a benefit eligible population of 200 employees (all full time) with a gross annual payroll of $11.25 million. Your target benefit cost for all discretionary benefits is 22% of gross payroll. While the salaries of this population range from $17,000 to $250,000 there are only a few “extreme” outliers in this group and the following breakdown applies:
1st decile 20,000
1st quartile 25,000
Median 50,000
3rd quartile 75,000
9th decile 100,000

72% of the workforce is male, 28% of the workforce is female
The age range of your workforce is 23 to 74

Male Female
Mean Tenure 8.2 years 4.1 years
Mean tenure - if pay is less than median 6.7 years 2.8 years
Mean tenure - if pay is more than median 10.3 years 5.9 years
Age range 29 - 74 23 - 60
Mean age 57 31

stion..

Related Discussions:- Balancing Employee Benefits

HR ETHICS, WHY WE NEED LEARN HR ETHICS, THE IMPORTANT OF HR ETHICS, THE REL...

WHY WE NEED LEARN HR ETHICS, THE IMPORTANT OF HR ETHICS, THE RELATIONSHIP ABOUT HRM AND ETHICS WHAT IS CSR.

Needs for human resource development, Q. Needs for Human resource developme...

Q. Needs for Human resource development? Human resource development is needed to develop competencies: no organizations can survive let alone make a mark, if its employees are

Organisational support - training, There is a widespread inaccurate assumpt...

There is a widespread inaccurate assumption that people know how to work in teams. It is all too common that organisations implement teams without providing training for employees.

Off the job or classroom methods, Off the job or classroom methods: traini...

Off the job or classroom methods: training on the job is not a part of everyday activity under these methods. Location of these training may be a company classroom an outside plac

Internal factors of human resource planning, Q. Internal factors of human r...

Q. Internal factors of human resource planning? 1. Company policies and strategies: Company policies and strategies relating to the expansion, diversification, alliances, etc d

Performance management systems, This assessment covers the following elemen...

This assessment covers the following elements: 1. Monitor staff performance and provide feedback 2. Recognise and resolve performance problems 3. Implement performance m

Establishing standards of performance, Establishing standards of performanc...

Establishing standards of performance: Appraisal system require performance standards which serve as bench marks against which performance is measured. The standard set for pe

Web-based conferencing systems, Pilgrim Industries, a 2,000-employee firm w...

Pilgrim Industries, a 2,000-employee firm with 400 managers, holds 40 of off-site meetings per year. Outside consultants develop and conduct the meetings, and, on average, 20 manag

How to measure actual performance, Q. How to Measure actual performance? ...

Q. How to Measure actual performance? Measuring actual performance: after the performance standards are set and expected the next step to measure the actual performance. This r

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd