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

Human approach to job design, Q. Human approach to job design? Human ap...

Q. Human approach to job design? Human approach: the Human relations approach recognized the need of design jobs which are interesting and rewarding. In the past two decades mu

Dbms, prepare db desigm

prepare db desigm

What are the sources of law, What are the sources of law? Sources of la...

What are the sources of law? Sources of law are as illustrated below: Three main sources are here considered, as: 1. Case law 2. Legislation and 3. European law.

Effective human resource planning, Assess the contribution that effective H...

Assess the contribution that effective Human Resource Planning can make to an organization's ability to manage its' people efficiently and effectively. Use examples where appropria

Selection process, Selection Process Selection is the procedure of pic...

Selection Process Selection is the procedure of picking individuals who have relevant qualifications to appoint for jobs in an organisation. The fundamental purpose is to sele

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

Action plan for the recruiting needs of corporation, You work for a consult...

You work for a consulting firm and have been contracted by the Human Resource Manager of the MAC Corporation to create two plans.  The first (Part A) is an action plan to address t

Informal reports, Informal Reports : Many of the comments that we have mad...

Informal Reports : Many of the comments that we have made about other forms of written communications apply to informal reports. They should contain only facts, presented in a suc

Design and conduct a training programme, Problem 1 Discuss the core c...

Problem 1 Discuss the core concepts of learning that facilitate training and development. Problem 2 Systematic analysis of training needs is a prerequisite to designi

Diverse workforce, I REALLY DON''t know how to start this assignement

I REALLY DON''t know how to start this assignement

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