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

Labor relations and collective bargaining, management often disagree with t...

management often disagree with the use of seniority to determine promotion decisions. Under what circumstances might an employer bypass a senior employee and promote a junior emplo

Distinction between job description and job specification, Distinction betw...

Distinction between job description and job specification: both the documents job description and job specification are the products of the job analysis. But both job description a

Show career planning process, Q. Show Career planning process? Career p...

Q. Show Career planning process? Career planning process: career planning is not an event or an end in itself but it is a process of human resource management. It can be seen t

HRM, Effective Human Resources Management Depends Upon Sound Reward System ...

Effective Human Resources Management Depends Upon Sound Reward System Essays and Term Papers

Why did you leave your last job, Why did you leave your last job (or want t...

Why did you leave your last job (or want to leave your current job) Vision one of the few acceptable reasons: 1. You wanted greater responsibility, 2. More challenge,

Induction, Reasons why some companies do not pay sufficient attention to st...

Reasons why some companies do not pay sufficient attention to staff induction

Methods of contacting sources, Methods of contacting sources: after the fin...

Methods of contacting sources: after the finalization of sources from where the prospective candidates will be selected, the process of contacting these sources starts. Recruitment

JOB DESIGN, What are the efects of poor job design

What are the efects of poor job design

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