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

Reflection, My university lecturer asked me to prepare a reflection on how ...

My university lecturer asked me to prepare a reflection on how was the class and how will the business edge subject will reflect to my life? please answer as soon as possible. abou

Emerging issues, 5000 words current emerging issue in australia

5000 words current emerging issue in australia

Logical analysis of daily business, Jane Parton, the proprietor of Deli Pa...

Jane Parton, the proprietor of Deli Parton, sells specialty breads for $3.95 each.  She buys these from a baker-supplier for $2.45 per unit. Since Jane wants to maintain Deli Pa

What do you mean by performance appraisal, What do you mean by Performance ...

What do you mean by Performance Appraisal? Performance Appraisal: This appraisal is an impartial and systematic assessment of an employee’s performance onto the job, alon

Resposible business, consider what constitutes ‘responsible business’

consider what constitutes ‘responsible business’

Organization, Organization: Organization is a community unit of nation...

Organization: Organization is a community unit of nation that is incorporated and focussed to gather a need or to practise communal goals in order to create a high-quality ser

Explain updating and improving current product line, Explain about the cont...

Explain about the continually updating and improving the current product line. Creating a Constant Flow of New Products or Continually Updating & Improving the Current Product

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

Organising behaviour, what could you do to make Rajinder?s transition easie...

what could you do to make Rajinder?s transition easier?

High-context culture and low-context culture, QUESTION 1 Both encoding ...

QUESTION 1 Both encoding and decoding of messages lay traps for the unwary intercultural communicators (Hall, 1959 - The Silent Language). Using appropriate examples, discuss 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