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

Organisational Behaviour & HRM ECM62BUS, “Discuss the implications of indiv...

“Discuss the implications of individual freedom and organisational control to the future organisation.”

Archival - documentary methods, Archival - documentary methods We have...

Archival - documentary methods We have already mentioned documents earlier, in our discussion of secondary sources of data. Some documents may be in the form of text, while ot

Show goals of job design, Q. Show Goals of job design? 1. To meet the o...

Q. Show Goals of job design? 1. To meet the organizational requirements such as higher productivity, operational efficiency, quality of the product or service etc, and 2. To

Advantage and disadvantage of hard and soft hrm, who wrote the article Post...

who wrote the article Posted Date: 3/11/2013 5:08:05 AM | Location : United States

Human resource management, effective human resource management depends upon...

effective human resource management depends upon sound reward system comment

Comparison time rate system and piece rate system, Comparison b/w time rate...

Comparison b/w time rate system and piece rate system: 1. In time wages, time is the basis of payment whereas in the piece wage quantity of the work is the basis of payment.

Merger and acquisition, Discuss how the successful mergers (the 2 mergers y...

Discuss how the successful mergers (the 2 mergers you identified earlier) affects the following areas of HR; • HR planning • Selection • Compensation • Performance Appraisal • Trai

Creating a job requirements matrix , INSTRUCTIONS Type your assignment. Yo...

INSTRUCTIONS Type your assignment. Your name should be in the upper left-hand corner of the paper. If it is more than two pages, staple the pages in the upper left-hand corner.

Explain the requirements for successful employee involvement, Question 1: ...

Question 1: (a) Describe  the salient features of Maslow theory of needs and Herzberg two factor theory. (b) Briefly explainthe major elements that need to be considered by

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