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

Staff induction, why some companies do not pay sufficient attention to staf...

why some companies do not pay sufficient attention to staff induction

Hr practitioners role, HR practitioners role The HR managers have keen ...

HR practitioners role The HR managers have keen role in the effective planning and implementation of the policies and decisions that in tune with the business changes. They sho

Effectiveness of a recruitment programme, Q. Effectiveness of a recruitment...

Q. Effectiveness of a recruitment programme? The total recruitment programme should be evaluated in the light of its objective and costs involved. For this purpose, various qua

Need for testing, Need for testing: every organization should provide trai...

Need for testing: every organization should provide training to the all employees irrespective of their qualification, skill, and suitability for the job etc. Training is not some

Training and development plan, TRAINING AND DEVELOPMENT PLAN Design a...

TRAINING AND DEVELOPMENT PLAN Design a training and development plan for one organisational training need that relates to the job described in Task. Make sure that a specific

Information sent in written communication , Information Sent: This id the ...

Information Sent: This id the aspect of written communication where your skill of using appropriate language, precision, accuracy and thoughtful words is exercised. In the followi

Training and development, evaluating the effectiveness of the learning & de...

evaluating the effectiveness of the learning & development function

Relationship between three types of team processes, The most recent researc...

The most recent research on team processes argues that during its life a team moves between two time-phases. During the transition phase teams plan or evaluate their activities, to

How important is motivation at work, Question 1: (a) Organisational Be...

Question 1: (a) Organisational Behaviour is basically concerned with the study of human behaviour at work and with finding ways by which employee performance and productivity

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