Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are the HR Manager for a company of 100 employees in the US. You must decide what type of benefits you are going to

You are the HR Manager for a company of 100 employees in the US. You must decide what type of benefits you are going to add or improve for the company for the upcoming year. 401k regular, Roth, or retirement plans (currently the company matches 3.5% of all employee contribution, and has no retirement plan in place) Student loan debt pay (the company pays directly $100.00 per month to your loan provider, after 30 days of full-time employment for a maximum of 3 years) PTO - (currently offers 3 PTO days). Vacation 90 to less than 1 year 10 days **prorated if employee begins after January 1** 1 3 years - 15 days Over 3 years 20 days Sick leave 6 days per year Holidays New Years, Memorial Day, Independence Day, Labor Day, Thanksgiving & Day After Thanksgiving and Christmas Day. 1. Prepare a new policy about reimbursing employees up $50.00 per month for gym membership, which will be taxable income and processed in their payroll checks. 2. Once the new benefits are decided and policies written, you must update the employee handbook. a. Whatstepsareyougoingtotaketomakesureallemployeessign-off that they have read, understand, and will abide by these changes?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Activity Based Cost Management In Government

Authors: Gary Cokins

2nd Edition

1567261817, 978-1567261813

More Books

Students also viewed these Accounting questions

Question

3. What is a STRIP? Who would invest in a STRIP? ( LG 6-2 )

Answered: 1 week ago

Question

=+c) What are the RRRs? Based on the RRRs, what action is best?

Answered: 1 week ago