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

Explain red hot stove rule, Q. Explain Red hot stove rule? Red hot stov...

Q. Explain Red hot stove rule? Red hot stove rule without the continual support and regard of subordinates, no manager can get the thing done. But disciplinary action against a

Hrm, Social Security for Workers in India-pdf

Social Security for Workers in India-pdf

Egoism, Egoism: The best long-term interest for the moral actor (The p...

Egoism: The best long-term interest for the moral actor (The person/organisation making the decision or taking an action) Egoism is a Consequentialist theory so positive an

What can you perform to build team spirit, At what time you first assemble ...

At what time you first assemble your project team, what can you perform to build team spirit? What behaviours are the various individuals likely to exhibit throughout this team-bui

Define the social values - recognizing cultural differences, Define the Soc...

Define the Social values - Recognizing Cultural Differences? Formal rules of etiquette (exp table manners) are explicit and well defined. Informal rules are learned th

Show principal of potential maximization, Principal of potential maximizati...

Principal of potential maximization: Human resource development systems should help individuals to recognize their potential and help them to contribute their best towards the vari

Define conciliation, Question: (a) What provisions have been made in th...

Question: (a) What provisions have been made in the Employment Relations Act 2008 for actions by the Supervising Officer regarding the following: - (i) assistance during ne

Forecasting, Identify and explain the various techniques for forecasting la...

Identify and explain the various techniques for forecasting labour supply and labour demand. What can organizations do in the short run when they recognize a gap in which supply fa

What is job enrichment, Question 1: Give your views on the fundamental ...

Question 1: Give your views on the fundamental considerations which should underlie the recruitment and selection of staff. Outline the basic stages in a planned and systemati

Various techniques for forecasting labour , Identify and explain the variou...

Identify and explain the various techniques for forecasting labour supply and labour demand. What can organizations do in the short run when they recognize a gap in which supply fa

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