201 - Empoyment Rights and Responsibilities (ERR) Question Booklet Task A – Short Answer Questions Ai: Imagine you are a newly appointed supervisor/manager within your service. You need to update your staff handbook to reflect current employment law. Identify three different sources of information you could use to enable you to do this. 3 marks Three sourses i could you to update the staff handbook using current law include‚ contacting local social services and councils as well as contacting
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sales were $165‚000? 4) When a sum of money is increased by 25% it becomes $1‚750. What was the original sum? 5) Compute the commission if sales are $50‚000 and the commission is at 10%? 6) Compute the commission and total pay if Base salary $3‚500‚ Sales $150‚000 and commission is at 12%. 7) Teresa Gomez is a commission merchant specializing in consignment sales of antique furniture. Hank Wendell‚ A furniture owner‚ sets the price of his antique furniture at $5000. He agrees to pay
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Topic: Compensation Submitted By: Syeda Zunairah Bukhari (10-Arid-1942) Sir: Abdul Latif Barani Institute of Information technology PMAS-Arid Agriculture University Rawalpindi. Definition: Compensation is the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required. Compensation is based on: market research about the worth of similar jobs in the marketplace‚ employee contributions and
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career stretched over 60 years. In “The Ultimate Goal: The Almighty Buck” Frayne writes about different athletes ranging from the MLB player Ruben Sierra to NHL player Kevin Lowe and their different annual salaries. He writes about how different players have different views about their salaries and who does it for the money or who does it for the love of the game. In his article‚ Frayne explains‚ “Not every athlete‚ thankfully‚ takes the spirit of competition to the bargaining table. Some have other
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pehractt >=40 and prtage >=71 According to the graphs‚ we can see that as people’s age increase‚ their salaries also increase correspondingly. This occurs because older people are in the workforce longer than young adults‚ thus‚ they have more experience. In other words‚ older people have more seniority. Their annual increase in salary accumulates‚ and thus their overall annual salaries are higher. 4. California: smpl if gestcen = 93 and prtage = 21 Mean = 1731.48Std. Dev. = 10637.35Skew
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Questions for Review – Week #2 1) What kinds of establishments may employ full-time students at 85 percent of the minimum wage? Retail and Service establishments and farms may employ full-time students at 85% of the minimum wage. 2) What are the types of exempt white –collar employees? Executives‚ administrators‚ professional employees‚ highly compensated employees‚ computer professionals‚ and outside salespersons can be exempt if they satisfy certain tests. 3) Under what conditions
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Polytechnic University of the Philippines Santa Rosa Campus City of Santa Rosa‚ Laguna College of Business WAGE AND SALARY By Anna Marichar A. Buena BBA MM 2-1 Human Resource Management MANA 2043 Professor Angelita Nocon March 2013 TABLE OF CONTENTS Title Page........................................................................................................................................... 1 Table of Contents 2 Introduction 3 Discussion....................
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survey to determine what type of pay is preferred by its employees such as base pay or bonuses. "We ’ve heard from your feedback on Googlegeist and other surveys that salary is more important to you than any other component of pay (i.e.‚ bonus and equity). To address that‚ we ’re moving a portion of your bonus into your base salary‚ so now it ’s income you can count on‚ every time you get your paycheck" (ibtimes.com). Managing Human Resources and compensation strategies effectively is vital to organizations
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stated. Problem 1: Refer to the data file Executive salary.xls. This files shows annual salary of CEOs for various companies and industries. The random variable of interest for this exercise is Sum97. This is the CEO’s annual salary plus bonuses for the year 1997 (referred to as salary here-in). The purpose of this exercise is to determine if there is a significant difference between mean salaries of executives for various industries. There are 8 industries in this data file. Answer the
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shows that Asian schools are more expensive then local schools. | Full-Time Enrollment | Students per Faculty | Local Tuition ($) | Foreign Tuition ($) | Age | %Foreign | GMAT1=yes2=no | English Test1=yes2=no | Work Experience1=yes2=no | Starting Salary ($) | Mean | 165.16 | 8.48 | $12‚375 | $16‚582 | 28.36 | 28% | 1.44 | 1.68 | 1.24 | $37‚292 | Median | 126.00 | 7.00 | $11‚513 | $17‚765 | 29.00 | 27% | 1.00 | 2.00 | 1.00 | $41‚400 | Mode | 30.00 | 5.00 | | $16‚000 | 29.00 | | 1.00 | 2.00
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