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

Hrm, effective human resources management depends upon sound reward system....

effective human resources management depends upon sound reward system. explain?

Lee, Hi, Could you help me with this questions? How adult learn best at ind...

Hi, Could you help me with this questions? How adult learn best at individual, group and organizational levels? And, what is reflective learning and critical reflection and how can

Placement, Placement: after all the formalities are completed, the candidat...

Placement: after all the formalities are completed, the candidates are placed on their jobs initially on probation basis. The probation period may range from 3 months to 2 years. D

Memoranda, MEMORANDA : Memoranda (though some prefer "memorandums" and oth...

MEMORANDA : Memoranda (though some prefer "memorandums" and others refer to "memos") are commonly used for written communications within a workplace, within departments, etc. They

Define the term stress, QUESTION 1 (a) How has motivation been defined?...

QUESTION 1 (a) How has motivation been defined? (b) What are the theories which explained motivation? (c) Briefly describe the hunger, thirst and sex motives QUESTION 2

Assignment, Ask question #MinRationalize your compensation and benefits pac...

Ask question #MinRationalize your compensation and benefits package. Be sure to indicate the research and considerations that went into the design of the compensation and benefits

Results for scientific reporting, RESULTS : Results - the total outcome of...

RESULTS : Results - the total outcome of a scientific investigation, either validates a hypothesis as a testable knowledge, or rejects it altogether, or brings out any deficiencie

Individual learning needs in an organization, Question : E-learning enh...

Question : E-learning enhances learning by extending and supplementing face-to-face learning rather than replacing it. It enables learning to take place when it is most needed

Motivation Theories, Notes on theories of motivation in a company

Notes on theories of motivation in a company

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