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

Selection, Disadvantages of selection as a human resource management

Disadvantages of selection as a human resource management

Discuss that technological breakthrough has brought a radi., Discuss that ...

Discuss that technological breakthrough has brought a radical changes in HRM

Sound reward system, effective HRM depends upon sound reward system. discus...

effective HRM depends upon sound reward system. discuss

Job analysis methods, Job analysis methods has been conducted in several wa...

Job analysis methods has been conducted in several ways and selection of specific method will be based on the purposes for which the information is to be used (job evaluation, pay

Importance of body language in communication, Problem 1: a) What are t...

Problem 1: a) What are the essentials of good communication? Explain your answer with examples. b) What are the different kinds of listening? Describe the ten fundamental

Explain briefly the levels of strategic decision making, Question 1: (a...

Question 1: (a) Give a comprehensive definition of the term ‘Strategic Human Resource Management' and explain the major terms used in this definition . (b) Discuss the mat

Assignment, can i get a ready made assignment on it?

can i get a ready made assignment on it?

How environmental factors affecting job design, Q. How Environmental factor...

Q. How Environmental factors affecting job design? Environmental abilities and availabilities: efficiency consideration must be balanced against the abilities and availabilitie

Example of working with diversity, Some young to middle-aged managers have ...

Some young to middle-aged managers have reported certain problems with older workers. A 40-year-old group manager at a major bank reported feeling uncomfortable when older people i

Cascading framework, Please explain what cascading framework is?

Please explain what cascading framework is?

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