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

What are the elements of morale, What are the elements of morale? Moral...

What are the elements of morale? Morale is made up of following elements: • One set having those that assist to make a person satisfied along with his job and, • A second

Quality defined in a generic sense, 1) Discuss fully 7 points of TQMS withi...

1) Discuss fully 7 points of TQMS within the 14 step framework as defined by the Deming. - Please ensure you provide the pros and cons of each point you discuss 2) How is Qualit

Political environment analysis of car industry, Analyse the political Envir...

Analyse the political Environment of car distribution industry.

Total of 4 assignments, 1st assignment with 2000 words. 2nd assignment with...

1st assignment with 2000 words. 2nd assignment with 2200 words. 3rd assignment with 820 words. 4th assignment with 2000 - 880 am expecting good pricing to start submitting my assi

Caselets, What should Mr. Sharma have done to avoid the misunderstanding?qu...

What should Mr. Sharma have done to avoid the misunderstanding?question #Minimum 100 words accepted#

Explain approach to business processing re-engineering, Compare and contras...

Compare and contrast the following terms: Process Re-engineering and Continuous Improvement. Discuss the differences between a 'clean slate' and a 'technology enabled' approach to

How to make notes effectively, Question 1: You have been asked to give ...

Question 1: You have been asked to give advice on telephone technique to someone who is about to start their first job. a) Describe FOUR factors to be considered in taking

Air transport, advantages and disadvantages of air transport

advantages and disadvantages of air transport

Sks7000 marketing flyer, How can your answer be free of plagiarism what ass...

How can your answer be free of plagiarism what assurance will you give me that another person from the same school will not order for the same material

Explain the cognitive dissonance theory, QUESTION The media can have po...

QUESTION The media can have powerful effects while at times it can have mild effects on shaping opinions. a) Explain the different situations under which the above statement

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