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

Webers principles of bureaucracy, QUESTION Part A (a) Elaborate on t...

QUESTION Part A (a) Elaborate on the Communication Process Model and explain successively through the use of this model the various stages that can ensure effective business

Fundamental budgets essential for manufacturing budget, What fundamental bu...

What fundamental budgets are essential for manufacturing budget? Manufacturing budget requires the given fundamental budgets or estimates to meet the plans as follows: 1. Pr

Illustration based on production sectors, Production Sectors a) A = In...

Production Sectors a) A = Indonesia B = Belgium C = Czech Republic b) Indonesia Belgium Czech Republic Agricultu

Material management, what are the functions of material managemnet

what are the functions of material managemnet

Business continuity, My response to both questions was yes. I an of the vie...

My response to both questions was yes. I an of the view that if the purchase of a cell phone is required to ensure business continuity, every one should key into the decision.

What types of information systems serve each level, QUESTION 1. The Uni...

QUESTION 1. The University of Technology set up in year 2000 in Mauritius operates three schools around twenty different programmes at Certificates, Diploma and Post-Graduate l

Problem based on olympic games 2012, Olympic Games 2012 a) Revenue ex...

Olympic Games 2012 a) Revenue expenditure is spending on the daily running of a business, such as materials and wages used in the preparation for the 2012 Olympic Games. Ca

A retail co. plans to work on a margin of 54% of ret, Ask question #A retai...

Ask question #A retail co. plans to work on a margin of 54% of retail price & to incur other Variable Cost of 4%. If is expected fixed cost of Br. 40,000. i. Find the equation rel

Describe email usage at work, Describe Email usage at work a) Electron...

Describe Email usage at work a) Electronic mail (email) refers to the process of using telephone and computers lines as a mailing system for both external (internet) and inter

Explain the product development, During the course of the module you were a...

During the course of the module you were asked to study the targeted market of three local brands. You have now been employed by an Apparel industry as Merchandiser, and you have b

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