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
Question 1: (a) Describe the key characteristics of an ERP. (b) If some companies still maintain stand-alone software is good, then why multinational companies are implement

The maintenance department is primarily a service department and as such is a part of the plants staff. Generally the maintenance department is attached to the production func

Question 1 Explain logistics networking Question 2 Write a short note on ethics in retailing Question 3 Explain the concept of insurance Question 4 What are the rec

Question 1 Explain any five architectural components of CRM solution Question 2 Explain the different wireless technologies Question 3 Explain the meaning of Elect

QUESTION Look back on the past years and think of someone who did something to motivate you. Use a concrete example to illustrate your answer (a) Describe how this was done

How organizations like Pepsi response to ethical issues?

1. Discuss what types of organisations these are and how this might affect the types of accounts they produce and who might use them and how. 2. Compare the business environment f

Question 1: Analyse the circumstances under which an employer would be justified in terminating his worker's contract of employment under the Employment Rights Act. Questio

Question 1: "Training is usually treated as a cost in many organizations rather than an investment since in difficult times, many organizations cut their training budget first

Define the term marketing concept in briefly. The marketing concept is a management orientation which holds that the key task of the organisation is to find out the needs, want