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

Use of strategic human resource management, Question : "Change is a con...

Question : "Change is a constant companion when one is in business. In order to cope with change, organizations rely on a management approach called "Strategic Human Resource M

Training and Development, Explain the competency-based and the traditional ...

Explain the competency-based and the traditional approach to training. Select several training models and assess their effectiveness for the global organization. Include training i

Illustrate and elaborate the negotiation process, Question 1: (a) Defi...

Question 1: (a) Define work teams. In what ways do you think team work is more beneficial than the individual input in Organisations? (b) What are the types of teams tha

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

effective HRM depends upon sound reward system. discuss

Fundamental problems facing individuals and society, QUESTION Our abili...

QUESTION Our abilities to perceive the world, to reason, to learn from experience, and to communicate with others are often taken for granted. The magnificent cerebral machiner

Response to an organizing drive, After reading through the Zinnia and ACME ...

After reading through the Zinnia and ACME scenarios presented on page 225 of the John Budd text (Labor Relations: Striking a Balance), outline an employer strategic level (organizi

Objectives of career development, Objectives of career development: career...

Objectives of career development: career development theories and decision making models: 1. Career development theories career, vocation, educational, occupational and labour

Advantages of syndicate method, Q. Advantages of syndicate method? 1 on...

Q. Advantages of syndicate method? 1 one advantage is that solves the problem of training a fairly large number of participants who would not like to be trained through a conve

Style of final dissertation, Style: There are a number of points of go...

Style: There are a number of points of good practice in the presentation of effective written communications that are relevant to the style of your dissertation. In essence, t

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