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

Explaining clearly the dominant strategies, QUESTION 1 The manager of M...

QUESTION 1 The manager of MTML is considering the possibility of entering the Mauritian Telecommunication Market, where there is only one firm operating, namely Mauritius Telec

Maintanace, as an enterpreneur ,if given 50000 what business would you do?

as an enterpreneur ,if given 50000 what business would you do?

What is an art of recording, What is an art of recording? Art of reco...

What is an art of recording? Art of recording: Accounting is an art of recording business transactions within the books of accounts into a systematic way soon after their

Compare e-business to e-commerce, QUESTION (a) What are the factors tha...

QUESTION (a) What are the factors that would cause a company to continue doing business in traditional ways and avoid electronic commerce? (b) Compare e-business to e-commer

Concept of cognitive dissonance theory, Question 1: Describe the concep...

Question 1: Describe the concept of Cognitive Dissonance theory. What are the strategic core values of Quality Management System (QMS)? Concept of Cognitive Dissonance th

Describe business process re-engineering, QUESTION a) What do you under...

QUESTION a) What do you understand by the term "Web Hosting"? Briefly describe two advantages and two disadvantages of having an independent Internet Service Provider to host y

Switchover to product oriented from process oriented layout, Switchover to ...

Switchover to Product Oriented Layout from Process Oriented Layout Advantages offered by Switchover to Product Oriented Layout from Process Oriented Layout: As bein

Disadvantage of the corporate form of business organization, The organizati...

The organization that administers the certification programs for Certified Hotel Account Executives and Certified Hotel Technology Professionals is: Answer

What is the production and manufacturing budget, What is the Production and...

What is the Production and Manufacturing Budget? Production and Manufacturing Budget: A production budget might be prepared through production manager into consultation a

Summarize and briefly explain the problem solving process, QUESTION 1 (...

QUESTION 1 (a) Summarize and briefly explain the problem solving process? (b) List techniques that have been developed to help individual and groups make better decisions

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