Develop a complete remuneration plan, Business Management

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.

Posted Date: 3/25/2013 5:24:22 AM | Location : United States







Related Discussions:- Develop a complete remuneration plan, Assignment Help, Ask Question on Develop a complete remuneration plan, Get Answer, Expert's Help, Develop a complete remuneration plan Discussions

Write discussion on Develop a complete remuneration plan
Your posts are moderated
Related Questions
What is the Grievances Handling? Grievances Handling: Individual workers usually have several complaints called grievances in opposition to the working rules of the busin

what are the sources of finance of a co-operative society

QUESTION (a) Organisations are systems that exist in the context of an external environment, an interdependent relationship, interact with it in order to survive and grow. Any

Question : Contemporary corporate governance requires ethical leadership. (a) Show the qualities and attributes of an ethical leader. (b) It is now advocated that corpora

QUESTION 1 You are required to give a presentation to a group of 20 staff within your department. Discuss the factors that you should consider in order to make an effective ora

QUESTION 1 Examine the major justifications for government regulations in the business environment. Use examples from the Mauritian context to illustrate your answer QUESTI

Economic order size is that size of the order which gives maximum economy in purchasing any item of material. The other terms used for economic order size are economic

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

What are the characteristics of an Entrepreneur? Characteristics of an Entrepreneur are as follows: a. Vision: b. Desire to succeed c. Optimism d. Leadership e.

According to the study, 55% of communication is depending on non-verbal signals. This suggests that the body language is critical to good communication skills. This is possibly