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

What is future oriented appraisals, Q. What is Future oriented appraisals? ...

Q. What is Future oriented appraisals? Management by objectives: it was Peter F. Drucker who first gave the concept of MBO to the world way back in 1954 when his practise of ma

Explain the types of communication in an organization, Explain the Types of...

Explain the Types of Communication in an Organization? A. No matter what your level in the organization, you have an important Communication role. B.

Difference between discharge and dismissal, Q. Difference between discharge...

Q. Difference between discharge and Dismissal? Difference b/w discharge and Dismissal: through discharge and Dismissal both have the same result, the termination of service of

Sound reward system, effective human resource management depends upon sound...

effective human resource management depends upon sound reward system

Human resource management (hrm), For long time people used the phrase "pers...

For long time people used the phrase "personnel management" to describe the strategies to make sure that the human resource is used to achieve the business objectives. It was very

What is formal and structured interview, Q. What is Formal and structured i...

Q. What is Formal and structured interview? e. Formal and structured interview: in this type of interview, all the formalities, procedure like fixing the value, time, panel of

.Leadership across the organisation, Case Studies As part of the task, you...

Case Studies As part of the task, you will need to write an email to your manager outlining an organisational response to the case study, including any changes to work practices t

Discontinuity of employment, Respected sir I am writing this letter to ...

Respected sir I am writing this letter to my friend.He has been working in an organization, and in probation . Due to some emergency reasons he had to go to his country. company

Steps in the process of personnel management , Steps in the process of pers...

Steps in the process of personnel management: The steps or activities in the process of personnel management include: 1) Manpower planning which involves the long-term planni

Assignment, strategic approach to recruitment and selection

strategic approach to recruitment and selection

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