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

HR Strategy, If the corporate strategy is to achieve superior levels of cus...

If the corporate strategy is to achieve superior levels of customer service and high profitability through a committed workforce

Health information management, Identify an acute care facility and a non - ...

Identify an acute care facility and a non - acute health care facility in your area. Arrange to speak to the health information management professional at each facility and discuss

Selection., purpose and importance of selection process

purpose and importance of selection process

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

Limited of a job description, Limited of a job description: An important l...

Limited of a job description: An important limited of a job description is that it can soon become obsolete since a job tends to be dynamic, they are not static". Guidelines: a

Team norms, Norms are acceptable ways of behaving within a group that are s...

Norms are acceptable ways of behaving within a group that are shared by the group's members. You may have noticed that, in some groups that meet regularly people sit in the same se

Explain the matching model of strategic hrm, Question 1: (a) Provide an...

Question 1: (a) Provide an in-depth explanation of the meaning, concept, understanding and aims of ‘Strategic Human Resource Management'. (b) Explain the matching m

Contemporary workforce, Define OD development and discuss its relevant to l...

Define OD development and discuss its relevant to leading the contemporary workforce

Identify the steps in the selection process, Question 1: Hospitality an...

Question 1: Hospitality and tourism operators have recognised that in order to compete effectively in a turbulent environment, they need to differentiate themselves from the

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