Many compensation professionals are faced with making choices about which discretionary benefits to drop because funds are limited and the costs of these benefits continually increase. Assume you make such choices. Rank order (at least five) discretionary benefits from the ones you would most likely eliminate to the ones you would least likely eliminate. Explain your rationale. Do such factors as the demographic composition of the workforce of the company matter

Question

jannadwhite3072 jannadwhite3072

28-04-2020
Business

contestada

Many compensation professionals are faced with making choices about which discretionary benefits to drop because funds are limited and the costs of these benefits continually increase. Assume you make such choices. Rank order (at least five) discretionary benefits from the ones you would most likely eliminate to the ones you would least likely eliminate. Explain your rationale. Do such factors as the demographic composition of the workforce of the company matter

Respuesta :

RELAXING NOICE

Otras preguntas

A company has fixed monthly costs of $130,000 and production costs on its product of $32 per unit. The company sells its product for $66 per unit. The cost fu

There are 10 floors in a hotel (numbered from 0 to 9). On each floor there are 26 rooms, each marked with a capital letter of the English alphabet (from "A" to

You are given a small bar of an unknown metal. You find the density of the metal to be 10.5 g/cm3. An X-ray diffraction experiment measures the edge of the unit

(4,3) is a solution to the following system of equations: 2x+ y = 11

"As long as corn and wine held out the men did not touch the cattle when they were hungry; when, however, they had eaten all there was in the ship, they were fo

Christopher is jumping on a trampoline. The gravitional force he feels in 577.2 N as he accelerates toward the trampoline at 9.806 m/s2. What is christopher’s m

When an atom releases gamma radiation____________. a. the mass number decreases by one. b. the atomic number decreases by one. c. the mass number increases by

The political victory of the new conservative movements of the late 1970s and early 80s culminated in the victory of ____________ over Jimmy Carter in the presi

A researcher wants to see if there is a difference in the number of emplyees at a company scheduled to work on a specific bridge. At alpha = .05, is there a dif

Consider the problem of finding the distance between the two closest numbers in an array of n numbers. (The distance between two numbers `x `and `y` is computed

ProfChris1 ProfChris1 · Answer 1 · 2020-05-01T04:23:29+02:00

Answer:

Here are some of the Discretionary Benefits I will eliminate alongside my rationale:

1. Utility subscriptions: Employees that enjoy this benefit will take a break. The reason is to channel the funds in supporting company's growth.

2. Sick leave: I will eliminate this benefit because if I have a health insurance policy on ground, the sick leave benefit is optional. Therefore, it's monetary value will be inculcated into the health insurance policy.

3. Funeral expenses: I will rather organize a team of few employees to represent the organization in any case of funeral ceremony. A representation of the company will give the individual a sense of belonging.

4. Vacations: I will not totally eliminate vacations but I will rather focus on vacations that will also help promote the progress of the organization.

5. Earned leave: This will be difficult to eliminate and it will be the least I know look at.

Employees deserve their earned leave in every organization.

The demographic composition will slightly be affected because the discretionary benefits give the employees motivation to work and when such benefits are absent, it may likely affect workforce.