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

Training, Importance of training and develoment

Importance of training and develoment

What are the limitations of performance appraisal, "In this era of global c...

"In this era of global competition, many organizations have to improve their performance in order to stay in the world of business. Thus, they have decided to introduce Perform

Strategic performance management, How would you define 'strategic performan...

How would you define 'strategic performance management'? Reflect on why there's often a narrower and less encompassing understanding of performance management within companies. Lis

Filing systems, FILING SYSTEMS : Any laboratory accumulates a vast amount ...

FILING SYSTEMS : Any laboratory accumulates a vast amount of material that has to be arranged in such a way that any particular item can be found readily and easily. The need for

Industrial, explain industrial human resource

explain industrial human resource

Describe the importance and purpose of a job description, Question: (a)...

Question: (a) Why does a business carry out interviews as part of the process of selecting staff ? (b) Name two tests that are sometimes also used in the selection p

What are the reasons that cause human obsolescence, Question 1: i) What...

Question 1: i) What do you meant by HRD? ii) What are the factors that affect HRD? iii) How has the concept of HRD evolved with time? Question 2: i) Describe what is m

Comment on the characteristics of a good leader, QUESTION (a) Summarise...

QUESTION (a) Summarise the main sources of duration estimating data used by organisations when assembling project schedules (b) Project Planning is essential for a project's

Difference between corporate and organisational culture, Question 1 SAS...

Question 1 SAS, which defines for Statistical Analysis Software, writes software that makes it possible to gather and understand data, producing products that set the industry

Characteristics on the behaviour of human beings, QUESTION Growth and d...

QUESTION Growth and development can be influenced by two sets of factors Genetic or internal factors - all those that have been transmitted by the parents to the offsprin

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