User Account

All Pages

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

Define the format of memorandums, Define The format of Memorandums? ...

Define The format of Memorandums? - A memorandum should contain these important details: The sender's name( and job title, if appropriate) The receiver's na

Comments, ''''HRM depend upon sound reward system''''

''''HRM depend upon sound reward system''''

Training and development, critically analyse the ashridge model in training...

critically analyse the ashridge model in training and development cultures

Prepare a monthly cash budget, Niko Ltd specialises in the importation and ...

Niko Ltd specialises in the importation and sale of equipment for children's indoor play centres. The company was set up two years ago by its joint shareholders, Mr and Mrs Nikosta

Social significance, Social significance: proper management of personnel's ...

Social significance: proper management of personnel's improve their dignity by satisfying their social needs. This it done by: 1. Maintaining a balance between the jobs availabl

Bench management, .Should benching be a matter of concern at delta?

.Should benching be a matter of concern at delta?

HISTORY CONTRIBUTION TO HRM, identify how history has contributed to the c...

identify how history has contributed to the current state of Human Resource Management

Characteristics of a professional work culture, Question 1: (a) Describ...

Question 1: (a) Describe the term ‘culture'. (b) What are the characteristics of a professional work culture? (c) What are the different steps to be followed in a cross

Career planning and development process, Career planning and development pr...

Career planning and development process

What are trade unions, Question 1 Define conflict management. What are the...

Question 1 Define conflict management. What are the causes of workplace conflicts? What are the various strategies to be adopted for resolving conflicts? Question 2 What is m

Write Your Message!

Captcha
Order Assignment

Featured Services

Order Now

Popular Subjects

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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