Develop a complete remuneration plan, Business Management

Assignment Help:

Most people do not have any comprehension of the magnitude of the total costs to the firm resulting from a new hire. This assignment will provide the student with an understanding of the total costs to the firm of employing a single person. The student learns the difference between the types of costs the firm can control, and those that it cannot.

With your knowledge of basic economics and the knowledge obtained from the section notes and your readings, please develop a complete remuneration plan for a typical worker. List items in your plan along with the anticipated dollar cost to the firm of each component. If your item is one lump sum post for all employees then list the total cost for all employees then calculate the cost per employee. Be sure to include all voluntary costs and mandatory costs.

Next, indicate (perhaps beside each cost?) whether the cost is purely variable, variable with a maximum or fixed. Then determine the total cost of hiring that person for the year and per week if salaried or per hour if waged, separated into wage, voluntary benefits and mandatory costs.


Related Discussions:- Develop a complete remuneration plan

Delivery styles for speakers, Explain the different delivery styles that sp...

Explain the different delivery styles that speakers can select for their presentation.

Asymmetric information problems in financial markets, QUESTION 1 Explai...

QUESTION 1 Explain any Three of the following: 1. Demand for money 2. Banking regulation 3. Eurocurrency markets 4. Interest rate differentials 5. Asymmetric Inf

Blueprint the new business systems, The activities of phase 6 are the follo...

The activities of phase 6 are the followings. 1. Define  the new  flow of work, 2. Model  the new process steps, 3. Model the  new  information  requirements , 4. Descr

Important provisions for employee employment of young person, What are the ...

What are the important provisions for employee employment of young person? The provisions for employment of young person are as below: a. Prohibition of employ of young chil

MEQA501, Today is your first day working for MarmaMed, a firm that produces...

Today is your first day working for MarmaMed, a firm that produces and sells a small range of medical diagnostic products. MarmaMed’s main product is the DiagnoKit™, a simple-to-us

Show ways to communicate effectively, Question 1: You have been offered...

Question 1: You have been offered a job as Communications Manager in a reputed company. Show ways to communicate effectively with people from different cultural backgrounds. Il

How is pricing affected in marketing management, How is pricing affected in...

How is pricing affected in marketing management? Pricing: The price of the products is implies whereby manufacturers acquire a fair return for their labour and replace/ra

Evalite., evaluate the business management system approach adopted by qinet...

evaluate the business management system approach adopted by qinetiq in relation to the changes the organization was and is facing

Business conflicts, what are the duties and rights or obligations of the le...

what are the duties and rights or obligations of the leaser and lessee and cases studies to conflicts on either of the two and how they have been resolved?

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