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

New product development process, "It's a cross functional business process ...

"It's a cross functional business process designed to optimize development activities and customizes to fit business needs. It captures and shares what has worked well in the past

Problem based on Deregulation in india, a) Some of the dangers/risks might ...

a) Some of the dangers/risks might include: Cultural differences -British and American businesses may not be aware of the norms and cultures in India. For example, the clot

Modern concept of total quality management, It has been realized that ins...

It has been realized that inspection alone cannot build quality into a product unless quality has been designed and manufactured into it. Therefore quality awareness must be

Determine the cost of product using activity based costing, A data switch c...

A data switch company specialises in the production of switches that can be used to link several personal computers to a shared printer. The company manufactures a low-cost manuall

Non tariff measures, The last 30 years has witnessed substantial reduction ...

The last 30 years has witnessed substantial reduction in the level of tariffs applicable by nations members to the WTO. However, this has also been accompagnied by a rapid prolifer

Discuss the functions of school libraries, QUESTION 1 Discuss the devel...

QUESTION 1 Discuss the development of libraries in Mauritius. QUESTION 2 Discuss the functions of school libraries. QUESTION 3 Developments in the 21st century

Assignment, “Imagine yourself in a situation of being encouraged to inflate...

“Imagine yourself in a situation of being encouraged to inflate your expense account. Do you think your choice would be most affected by your individual moral development or by the

Write the importance of edi, Question 1 What are the difficulties and or i...

Question 1 What are the difficulties and or issues of e-Commerce? Explain Question 2 What is Firewall? Explain how it works as a packet filters Question 3 What are the methods

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