Balancing Employee Benefits, HR Management

Assignment Help:
#queYou have a benefit eligible population of 200 employees (all full time) with a gross annual payroll of $11.25 million. Your target benefit cost for all discretionary benefits is 22% of gross payroll. While the salaries of this population range from $17,000 to $250,000 there are only a few “extreme” outliers in this group and the following breakdown applies:
1st decile 20,000
1st quartile 25,000
Median 50,000
3rd quartile 75,000
9th decile 100,000

72% of the workforce is male, 28% of the workforce is female
The age range of your workforce is 23 to 74

Male Female
Mean Tenure 8.2 years 4.1 years
Mean tenure - if pay is less than median 6.7 years 2.8 years
Mean tenure - if pay is more than median 10.3 years 5.9 years
Age range 29 - 74 23 - 60
Mean age 57 31

stion..

Related Discussions:- Balancing Employee Benefits

Strategic HRM, What are the effects of hard HRM approach?

What are the effects of hard HRM approach?

Critically discuss its recruitment and selection, Critically discuss its re...

Critically discuss its recruitment and selection in relation to strategic human resource initiatives. Make relevant recommendations as to how it could improve this process

Training and development, critically analyse the ashridge model in training...

critically analyse the ashridge model in training and development cultures

Define when we should use written channels for communication, Define when w...

Define when we should use written channels for communication ? Use written channels when : i) your message is fairly detailed ii) you don't need an immediate response i

Change management, why have human resource aspects of mergers and acquisiti...

why have human resource aspects of mergers and acquisitions been ignored or handled poorly in the past

Show importance of workers participation in management, Q. Show importance ...

Q. Show importance of workers participation in management?  Increased organization balance: if workers are invited to share in organization problems and to work towards common

Human resource management, discuss the social security measures available ...

discuss the social security measures available to workers in india

Target return pricing, T arget Return Pricing Target return pri...

T arget Return Pricing Target return pricing strategy dictates that the price of an item will being introduced into a market to be determined that sales for the product

Describe david mcclelland achievement motivation theory, Problem 1: (a)...

Problem 1: (a) Explain carefully the motivational process, identifying each of the elements of the process. (b) Using the process and concrete examples, describe David McC

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