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

Creating a personal model of leadership, The challenges and opportunities f...

The challenges and opportunities facing science and society today are demanding a new form of leadership that will better serve people, organizations, disciplines or vocations, the

Comments, ''''HRM depend upon sound reward system''''

''''HRM depend upon sound reward system''''

What do you mean by expartite enquiry, Q. What do you mean by Expartite enq...

Q. What do you mean by Expartite enquiry? Expartite enquiry : when the work man does not turn up for the enquiry without notice or reasonable cause or refuses to participate o

Training and development, College assignment on training and development ab...

College assignment on training and development about 15-20 pages

Definition of personnel management, Problem 1 Explain the importance of...

Problem 1 Explain the importance of Human Resource Management (HRM). What are the objectives and features of HRM? Meaning of HRM Importance of HRM Objectives of HRM

Selection, I want to know about selection process.

I want to know about selection process.

Define how to improving intercultural communication skills?, Define How to ...

Define How to Improving Intercultural Communication Skills? 1. Study other culture Research can help you grasp the basics of other culture Mistakes w

Values, give 10 values of human resource management

give 10 values of human resource management

Health care management, I have an assigment to write a 3 pages essay. I onl...

I have an assigment to write a 3 pages essay. I only need help with brain stroming, which points should I talk about. here is the case You are a new administrator at a hospital, we

Explain the role of sender in communication process, Explain the Role of Se...

Explain the Role of Sender in communication process ? 1. The one sending the message to another. When you have something to say, consider the best means of pu

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