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Thepotemich [5.8K]
1 year ago
5

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

Business
1 answer:
Tanya [424]1 year 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.

learn more about Employee Benefits here

brainly.com/question/15177448

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The corporate charter of Imp Company authorized the issuance of 10 million, $1 par common shares. During 2021, its first year of
lesantik [10]

Answer:

Paid -in Excess capital as on December 31, 2021 $124 million

Explanation:

The computation of the amount reported as a additional paid-in capital  is shown below

For Jan 1, 8 million ×  $15              $120 million

For June 3, 2 million × $18              ($36 million)

For December 28, 2 million × $20  $40 million

Paid -in Excess capital as on December 31, 2021 $124 million

7 0
3 years ago
Follow = Multiple thanks ​
Liono4ka [1.6K]

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6 0
3 years ago
What are the central concerns of economics?
attashe74 [19]
"<span>B) Resource use, production, and distribution of goods and services" is the correct answer. Economics is really a study of limited resources, and how people make choices. </span>
5 0
3 years ago
Echo Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. During the ye
ozzi

Answer:

Actual overhead= $153,400

Explanation:

Giving the following information:

During the year the company's Finished Goods inventory account was debited for $360,000 and credited for $338,800. The ending balance in the Finished Goods inventory account was $36,600.

At the end of the year:

Manufacturing overhead was overapplied by $15,900.

If the applied manufacturing overhead was $169,300.

Because the manufacturing overhead was overapplied, we need to subtract from the applied overhead to determine the actual overhead.

Actual overhead= applied overhead - overapplied overhead

Actual overhead= 169300 - 15900= $153,400

5 0
3 years ago
The form of business organization that comprises about 18 percent of all businesses in the United States is the a. joint venture
julsineya [31]

Answer:

The form of business organization in the United States which comprises about 18% are corporations.

Explanation:

According to the data presented in the attached figure it is clearly seen that the percentage of corporations in the United States is 18%. The percentage of Joint Ventures and Syndicates is a lot less while that of partnerships and sole proprietorships is higher.

8 0
3 years ago
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