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

Marketing planning, Ask question #Minimum 3500 words accepted#

Ask question #Minimum 3500 words accepted#

Explain how the group can make better decisions, QUESTION From the birt...

QUESTION From the birth of a group to the death of the group, groups go through many stages of development. One of the most popular descriptions of group development is Tuckman

Limitations of carrying out coherent decision making, Question 1: Being...

Question 1: Being successful in decision making is something that managers obviously desire. Describe the steps which lead to rational decision making and discuss the limitatio

Difficulties associated with intercultural communication, QUESTION a) Y...

QUESTION a) You have been appointed as Operation Manager for a company based in a foreign country .In this context, Explain the difficulties that you might encounter while comm

What are the features of pure capitalism, Q. What are the features of pure ...

Q. What are the features of pure capitalism? 1. The capitalist system is also called free enterprise economy and market economy. 2. Private ownership. 3. No government interfer

Explain the task of research and development wing, Q. Discuss the main task...

Q. Discuss the main task of Research and Development (R & D) wing in the context of development of modern society? Ans. THE MAIN TASK OF RESEARCH AND DEVELOPMENT In the l

Important provisions for employee welfare, What are the important provision...

What are the important provisions for employee Welfare? Welfare: Provisions associated to welfare are as illustrated: a. Washing facilities for sitting b. First aid

Web client-server architectures, QUESTION (a) Compare the two- and thre...

QUESTION (a) Compare the two- and three-tier Web client-server architectures, and indicate the role of each tier in each architecture. Which architecture is the most likely can

What is the importance of training and education, What is the importance of...

What is the importance of training and education? Importance of Training and Education: Education and training bring workers to a standard; here they can perform industr

What are the methods of training for supervisors, What are the methods of t...

What are the methods of training for supervisors? Therefore, training of supervisors must be plan through keeping the above-mentioned points into mind. Given are the ways of tr

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