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2 years ago

Describe the importance of employee benefits as a strategic component of fulfilling the goals of hrm?

Business

1 answer:

Tanya [424]2 years ago

7 0

Employee benefits have become more significant and diverse

Employee benefits

Typically, membership-based incentives are provided to recruit and retain staff.
Although they have no direct impact on a worker's performance, insufficient benefits make workers unhappy.

The Price of Offering Employee Benefits

The cost of benefits and services is around 40% of an organization's payroll expense.
When significant wage and salary increases are not possible, benefits become the main topic of discussion with employees.

Community Security

Funded by equal contributions from the employer and the employee, based on a percentage of wages.
Offers retirement income, income for disabled workers, and money for surviving dependents.
offers Medicare some health insurance coverage.

Unemployment Insurance

Employers who pay both federal and state taxes on the taxable wage base provide the funding.
Tax rates vary depending on an organization's history with unemployment.

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Which of the following statements about operations management in the service sector is most accurate? Operations management in t

VikaD [51]

Operations management in the service sector has grown more rapidly than the manufacturing sector. Operations management is the implementation aspect of management.

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3 years ago

Read 2 more answers

Grand Energy Corporation (GE) plans to issue bonds to raise $190 million. GE's investment banker will charge 5 percent of the to

Pavlova-9 [17]

The number of bonds that GE must sell to net $190 million after flotation costs is 200,000 bonds.

<h3>Number of bonds</h3>

First step is to calculate the amount issue

Net proceeds = Amount of issue x (1 - Flotation costs)

$190,000,000 = Amount of issue x (1 - 0.05)

Amount of issue = $190,000,000/0.95

Amount of issue= $200,000,000

Second step is to calculate number of bonds

Number of bonds = $200,000,000/$1,000

Number of bonds= 200,000 bonds

Inconclusion the number of bonds that GE must sell to net $190 million after flotation costs is 200,000 bonds.

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2 years ago

If equilibrium is achieved in a competitive market the deadweight loss will equal the sum of consumer surplus and producer surpl

marysya [2.9K]

Answer:

there is no deadweight loss.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Generally, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.

Hence, if equilibrium is achieved in a competitive market then, there is no deadweight loss i.e a loss of economic efficiency due to a lack of balance in competing economical influences for goods or services.

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3 years ago

the two principal policy tools that the federal government uses to manage economic conditions are monetary policy and fiscal pol

steposvetlana [31]

Monetary policy is used to control the size of the money supply to stimulate or moderate business activity levels in the economy. in contrast, fiscal policy uses government spending and taxation to do the same.

<h3>What is monetary and fiscal policy?</h3>

Fiscal policy are the steps taken by the government to change the business levels in the economy. The tools of fiscal policy are taxes and government spending. Fiscal policy can be expansionary or contractionary.

Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes. Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes

Monetary policy are policies taken by the central bank of a country to shift aggregate demand. The tools of monetary policy are open market operations, reserve requirement and discount rate.

Expansionary monetary policy are polices taken in order to increase money supply. Contractionary monetary policy are policies taken to reduce money supply.

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2 years ago

An official statement has a dated date of March 1, but the first interest payment is October 15. This most likely reflects A) a

Greeley [361]

Answer:

A) a long coupon.

Explanation:

Hope this helps you :)

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3 years ago