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
This is a modern concept having excellent future prospects. Maintenance is more relevant with palnt and machinery of mechanical design having more number of moving parts.

The role that diversity plays in the workplace has increased over time as more companies adopt diversity management strategies in an effort to increase performance or attract new e

Explain about the top management functions in brief. Top Management: This includes Board of Directors, Chief Executive, Managing Directors, Owners and Share holders as we

Question: (a) Project Integration Management refers to the integration of the nine Knowledge areas and project phases, coordinating project activities to ensure that the proje

three ogarnizational attitudes

Question: There is no one specific method of categorizing organization theories. Thus, it is generally accepted that: (a) The Type 1 theorists, also known as the classical s

Ask question #MinimObjective Upon successfully completing this assignment you will have demonstrated that you can provide clear written advice, and recommendations for change, to

QUESTION (a) Briefly describe three sticky features that Web sites use to attract and keep visitors. (b) Briefly describe the two advantages and two disadvantages of hosting

Analyse the political Environment of car distribution industry.

QUESTION (a) What should be the objectives of an International Compensation Policy? (b) Explain the components of an International Compensation Program (c) Explain the Go