Budget items Functional budget to determine personnel costs per member enrolled Line-item budget to determine total non-salary costs Total program budget Executive director salary x x Training supervisor salary x x Trainers salary x x Employee benefits x x Equipment x x Supplies x x Facility rent x x Travel x x Utilities x x Depreciation of equipment x x Transportation x x Outside consultants x x Indirect costs x Answer Key for Creating a Budget, Due in Week Six
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1. Describe the importance of employee benefits as a strategic component of fulfilling the goals of HRM. Though many benefits are not legally required, it is vital for companies to keep up with competition and retain employees. HRM, must act as the driving force behind in building willingness in employees, employee retention and by attracting potential candidates. Using benefits as a strategic component helps enhance the effectiveness, morale, productivity and achievement of goals. The internet
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We are pleased to announce the opportunity to participate in a new job employee benefit that will not only benefit employees but the community. The office to which each employee belongs to has collected a list of organizations that are looking for volunteers. The list given is not the only means of volunteer work, but other options that are already in progress or a personal idea is optional as well. It is understandable that many already participate in community service, but this is an opportunity
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Under the current situation, there are two choices the auditor faces. Option one is to assist Susan in consolidating her financial statements, mainly by walking her through the process of closing the decorative pillow department and helping estimate the costs associated with doing so. While the second option is to refuse Susan of any more assistance on this matter with the reason being that you are not MHA’s accountant but an auditor working for the general public. Both choices seem viable but if
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Therefore, instead of the ham, company has decided to give each employee a coupon for $35 that can be redeemed for food or cash between December 1 and January 31 of the following year. This company is asking you whether the coupons can be excluded from the employees’ gross income as a de minimis fringe benefit. Problem Identification 1. Whether we should include the $35 as a gross income to employees? 2. Is it exclude if the employee consumed in a subsidized eating facility operated by the employer
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the neighboring centers, which became an ever-perpetual problem of training the new staff who joined there. He faced the task of retaining staff and finding ways to plug the leak of experienced staff from Kameha Medical Center. By addressing the employee benefit crisis in this he would be able to tackle the task at hand. Organization background: Kameha medical center was established in 1999, Perak. It is a 232-bedded hospital and is equipped with the state of the art medical facilities. There
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Chapter 12 Medford University Why did President Kobayashi appoint a tack force to consider the issue of fringe benefits? She could have asked the university’s human resources department to design a plan. The President has appointed the task force to consider the issue of fringe benefits. In order to help the President propagate the plan. She used the support of decision rights in the appointment of the task force. Workers from all areas of the university will come together to brain storm ideas
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and Disadvantages of Outsourcing for Outsourced Employee Iman Nuraprianto GLS 470 – 12TW1 Jennifer Zoller Southern New Hampshire University December 8, 2012 Abstract Outsourcing is contracting with an outside party (vendor) to do a particular function. Basically, the function being outsourced is considered non-core to the business. This paper explores the advantages and disadvantages of outsourcing for outsourced employee. The advantages of outsourcing are more experiences
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Designing Compensation Systems and Employee Benefits 1. Describe the differences between job analysis and job evaluation and how these practices help establish internally consistent job structures. Job analysis is the fundamental process that creates the support of all human resource activities. It is also explained in a clearer way as the process of gathering, documentation and analyzing information about the work needs for a job. The information collected in a job analysis, and reflected through
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The budget for Huffman’s Benefits project: Analyst wage is $50.00 an hour and runs an additional $15.00 an hour for overburden. The analyst phase is two parts starting with analyst phase defining the problem that is expected to run for three days to define the problem with the current system, with one day to identify the issues with the current system and two days to research current system associated with Huffman. The second part of the Benefit system requires more analyst work with the analyst
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