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

Range of results, Range of Results: In an experiment to determine the free...

Range of Results: In an experiment to determine the freezing point of octadecanoic (stearic) acid by cooling, some of the acid was melted in a small test-tube and a 100°C thermome

Benefit of working in terms of strict h and a, What is the benefit to ...

What is the benefit to an organization of working in terms of strict H&S guidelines - The manager holds official and ethical duty to make sure that his or her e

HRM models, Briefly describe the following models of Human Resource Managem...

Briefly describe the following models of Human Resource Management: The Guest Model of HRM

Loss of privileges and fines, Loss of privileges and fines: if an employee ...

Loss of privileges and fines: if an employee leaves the work, without taking the permission of the superior, he may not be allowed to select good tools and machine for himself and

How to increase performance in a multinational company, proposals about inc...

proposals about increase performance, use of HR models, performance appraisal, organizational behavior, The influence of culture vis-a-vis the ‘enactment’ of HRM practices in the m

What are your most important accomplishments, What are your most important ...

What are your most important accomplishments Did you help your company make money, save money, save time or become more efficient in any way? Explain how.  Be aware that mos

Disciplinary action, Disciplinary action is the action taken by the supervi...

Disciplinary action is the action taken by the supervisor or owner against the any activity of indiscipline by the employee. According to Edwin B. Flippo, "disciplinary action i

Problem, Q6. Ms. Swapna is the HR Manager of ABC Pvt Ltd. She wants to ensu...

Q6. Ms. Swapna is the HR Manager of ABC Pvt Ltd. She wants to ensure that employee discipline is well maintained. What are the important principles that have to be observed in the

Main functions of human resource management, Question 1: (a) Explain th...

Question 1: (a) Explain the term "Human Resource Management". (b) What are the main functions of Human Resource Management? Question 2: What are the different rol

Give a definition of international hrm, Question: (a) Explain the reaso...

Question: (a) Explain the reasons for the emergence and development of International HRM as a new area of academic study and management. (b) Give a definition of Internatio

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