Describe the three major considerations that need to be taken into account in providing benefits.
What will be an ideal response?
The three major considerations in providing benefits are amounts, mix, and flexibility. Amount is a function of how much the company is willing to spend on its employees. Many companies will calculate this as a percentage of direct compensation. Mix deals with the types of benefits that will be offered to employees. In many cases today, the number and type of benefits available is limited only by the imagination of the employees of the firm. Finally, we need to consider how much flexibility we are willing to build into our benefits program because flexible options are very important to today’s employees. Can different employees choose different benefits from the mix available, or will they all have to get the same benefits?
You might also like to view...
________ refers to how we gather and interpret information from the world around us.
A. Perception B. Retention C. Lifestyle analysis D. Learning E. Attitude
The 80-20 rule states that
A. only 80 percent of a market can be segmented. B. only about 80 percent of the people remember the company's positioning of a product while the remaining 20 percent create their own positioning for a particular product. C. market segmentation works well only 80 percent of the time, unlike market assimilation which works 20 percent of the time. D. around 80 percent of a company's sales comes from 20 percent of the customers. E. about 80 percent of corporations do not understand the actual meaning of the term "market segmentation."
Acti Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year: September$830,000??October$940,000November$860,000December$780,000?At Acti, 40% of raw materials purchases are normally paid for in the month of purchase. The remaining 60% is paid for in the month following the purchase.?How much cash should Acti expect to pay out for raw material purchases during November?
A. $564,000 B. $438,000 C. $908,000 D. $344,000
What is considered to be more credible as a source of information than any other?
What will be an ideal response?