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

Disadvantages of trade unions-human resource management, Disadvantages of t...

Disadvantages of trade unions they sometimes encourage inefficiency by forcing employers to employ or retain unnecessarily large numbers of employees. through force, trad

Barriers to effective communication, Q. What are the barriers to effective ...

Q. What are the barriers to effective communication? BARRIERS TO EFFECTIVE COMMUNICATION Ans: Communication is very often affected/blunted/ distorted by noise that occurs pr

Discuss the soft and hard approaches of hrm, Question 1: (a) Elaborate ...

Question 1: (a) Elaborate on the 4 C's of Human Resource Management and discuss the advantages that can accrue to an organization by adopting these 4 C's Question 2: (

RECENT TRENDS IN HRM, Discuss that technological breakthrough has brought a...

Discuss that technological breakthrough has brought a radical changes in HRM.

Opening a new overseas office., Ask queA UK establishment, Lanx, a textile ...

Ask queA UK establishment, Lanx, a textile manufacturing company is starting up a new workshop in Delhi, India as it its determined to reduce manufacturing costs in the long run.

What is group discussion interview, Q. What is Group discussion interview? ...

Q. What is Group discussion interview? Group discussion interview: there are two methods of conducting group discussion interviews viz. Group interview method and discussion in

How could the project manager affect the working environment, See a project...

See a project manager along with a team of 15 to 20 people: a mixture of designers, analyst’s programmers and support staff. Also the project uses some specialist staff onto a part

Code of discipline in the industry, Code of discipline in the industry: ...

Code of discipline in the industry: To maintain discipline in the industry (both in public and private sectors): there has to be (1) a just recognition by employers and workers

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