Employee Benefits Companies must consider many personnel costs. These costs include employee benefits, such as health insurance and vacation days. What.

Slides:



Advertisements
Similar presentations
1 A B C
Advertisements

McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
AP STUDY SESSION 2.
1
Job Order Costing Chapter 4.
Copyright © 2002 Pearson Education, Inc. Slide 1.
Copyright © 2003 Pearson Education, Inc. Slide 1 Computer Systems Organization & Architecture Chapters 8-12 John D. Carpinelli.
Copyright © 2006 The McGraw-Hill Companies, Inc. All rights reserved. 6-1.
Cost Behavior, Operating Leverage, and Profitability Analysis
Copyright © 2011, Elsevier Inc. All rights reserved. Chapter 6 Author: Julia Richards and R. Scott Hawley.
1 Chapter 40 - Physiology and Pathophysiology of Diuretic Action Copyright © 2013 Elsevier Inc. All rights reserved.
Applications of Percents
Outliers. Do Now Bill Gates makes $100 thousand a year. He s in a room with 9 teachers, 4 of whom make $40k, 3 make $45k, and 2 make $55k a year. What.
Splash Screen.
Multiplication! SOL 3.9: Students will recall multiplication facts through the 9s.
An in-the-ballpark estimate based on hypothetical situations and their potential effects on earnings and tax revenue for the State of Nebraska. Presented.
The “Rule of 72” Lesson Objectives: Understand compounding interest
Student Loans Someday you might want to earn a college degree, buy a car, or purchase a home. A loan can help you reach those goals. Why might you consider.
Peace of Mind Insurance can give you financial security and peace of mind, especially in case of unexpected expenses. When do people use insurance?
House Hunting Finding your own place is exciting, but it is also a big responsibility. What are some costs associated with renting or buying a home?
Employee Benefits Companies must consider many personnel costs. These costs include employee benefits, such as health insurance and vacation days. What.
Planning for the Future How you spend and invest your money can have an impact on your lifestyle at a later time. What might you want to start saving for.
Raising Funds How a business manages its finances is a key factor in whether or not that business succeeds. Where do businesses find the money to get started?
Planning Ahead Saving money is an important part of financial freedom and responsibility. What are the advantages of having a savings account?
Employee Benefits Companies must consider many personnel costs. These costs include employee benefits, such as health insurance and vacation days. What.
Planning Ahead Inventory is an important part of many businesses. Can you think of problems that might arise from having too much or too little of a product.
© Family Economics & Financial Education – Revised November 2004 – Saving Unit – Rule of 72 Funded by a grant from Take Charge America, Inc. to the Norton.
Planning Ahead Saving money is an important part of financial freedom and responsibility. What are the advantages of having a savings account?
Problem1; Admission Flow
Take This Job and Love It Findings from the PAVR-O 2010 New Decade Survey of Managers of Volunteers Benjamin H. Gottlieb, Ph.D., Psychology Department,
1-Jun-14Created by Mr. Lafferty Maths Dept. Hourly Rates / Wages Wages / Hourly Rates Wages & Salaries Weekly / Monthly Wages Annual.
$100 $200 $300 $400 $100 $200 $300 $400 $100 $200 $300 $400 $100 $200 $300 $400 $100 $200 $300 $400.
Introduction to Cost Behavior and Cost-Volume Relationships
Table 12.1: Cash Flows to a Cash and Carry Trading Strategy.
PP Test Review Sections 6-1 to 6-6
Elasticity Appendix (chapter 5).
Class Name Instructor Name Date, Semester Foundations of Cost Control Daniel Traster Labor Management and Control chapter 11.
Splash Screen.
Multiplication Tables Test 3 and 5 Times Tables 3 and 5 times tables There are 10 questions. Each one will stay on the screen for 15 seconds. Write down.
Cost-Volume-Profit Relationships
MCQ Chapter 07.
Federal Income Tax Charitable Contributions. 2 Itemized Deductions Medical Taxes Interest Charitable Contributions Casualty Losses Other.
Copyright © 2012, Elsevier Inc. All rights Reserved. 1 Chapter 7 Modeling Structure with Blocks.
Histograms. Creating a Histogram, Lesson gcamp.com/conten t/concepts/histogra ms/lesson.php gcamp.com/conten t/concepts/histogra.
1 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt 10 pt 15 pt 20 pt 25 pt 5 pt Synthetic.
FL Chapter 2 Study Guide KEY…
Lesson Menu Five-Minute Check (over Lesson 5–5) Main Idea and Vocabulary Example 1:Estimate Percents of Numbers Example 2:Estimate Percents of Numbers.
Flexible Budgets and Performance Analysis
Chapter 1 Review Directions 1.The class will be split into four teams 2.Each team member will get a whiteboard to work out the problem 3.One team member.
Essential Cell Biology
From Ratio Tables to Double Number Line Diagrams
1 Lesson Dividing with Integers. 2 Lesson Dividing with Integers California Standard: Number Sense 2.3 Solve addition, subtraction, multiplication,
Converting a Fraction to %
Product Costing in Service and Manufacturing Entities
Immunobiology: The Immune System in Health & Disease Sixth Edition
Physics for Scientists & Engineers, 3rd Edition
Warm Up What is the simplified form of:.
Employee Benefits Section 6-4.
Cost-Volume-Profit Relationships
How Investing Works START INVESTING NOW TO REAP THE BENEFITS.
Take-Home Pay The deductions taken out of your paycheck help support schools, roads, national parks, and more. Why do you think you have to pay taxes?
CH 13 Personnel 13.1 Recruitment. Recruiting is the act of soliciting qualified employees to work for your company. Recruiting costs include such things.
JEOPARDY TermsSalary, Overtime & Commission Take-Home Pay Benefits & Expenses RandomsDeductions $100 $200 $300 $400 $500 Let’s play! ***
Employee Benefits Companies must consider many personnel costs. These costs include employee benefits, such as health insurance and vacation days. What.
Personal Finance Computing Compensation Key Words Key Words –Compensation –Inflation –Raise –Benefit Package –Salary.
Administering Wages and Salaries pp SECTION.
Employee Benefits Companies must consider many personnel costs. These costs include employee benefits, such as health insurance and vacation days. What.
Take-Home Pay The deductions taken out of your paycheck help support schools, roads, national parks, and more. Why do you think you have to pay taxes?
Employee Benefits pp SECTION. SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 13- 3, Slide 2 of Key Words to Know employee.
Presentation transcript:

Employee Benefits Companies must consider many personnel costs. These costs include employee benefits, such as health insurance and vacation days. What are other employee benefits?

Lesson Objective Compute the new salary after merit increase and cost-of-living adjustment. Content Vocabulary salary scale A table of wages or salaries that compares various jobs in a company, used to estimate the costs of giving an employee a cost-of-living adjustment or a merit increase. cost-of-living adjustment merit increase cost-of-living adjustment A raise in an employees salary to help keep up with inflation. merit increase A raise in salary to reward an employee for the quality of work.

Elaine Taylor is a systems analyst (salary level 2 position) for EPD Inc. The executive board of EPD voted to give all employees a cost-of-living adjustment of 2.8 percent. In addition, Taylor was awarded a merit increase of 3.5 percent. What will Taylors salary be for the coming year? Example 1

Find the present salary from Figure 13.1 below. Example 1 Answer: Step 1

The present salary is $40,000. Figure 13.1

Find the cost-of-living adjustment. Salary × Cost-of-Living Adjustment Percent $40,000 × 2.8% = $1,120 Example 1 Answer: Step 2

Find the merit increase. Salary × Merit Increase Percent $40,000 × 3.5% = $1,400 Example 1 Answer: Step 3

Find the new salary. Present + Cost-of-Living + Merit Salary Adjustment Increase $40,000 + $1,120 + $1,400 = $42,520 Example 1 Answer: Step 4

DMarco Mullin is a computer operator, salary level 3, for EPD Inc. He received a 2.8 percent cost-of-living adjustment and a merit increase of 4 percent. What is Mullins new salary? Example 2

Find the present salary from Figure 13.1 below. Example 2 Answer: Step 1

The present salary is $38,500. Figure 13.1

Find the cost of living adjustment. Salary × Cost-of-Living Adjustment Percent $38,500 × 2.8% = $1,078 Example 2 Answer: Step 2

Find the merit increase. Salary × Merit Increase Percent $38,500 × 4% = $1,540 Example 2 Answer: Step 3

Find the new salary. Present + Cost-of-Living + Merit Salary Adjustment Increase $38,500 + $1,078 + $1,540 = $41,118 Example 2 Answer: Step 4

Mark Webb earns $10.70 an hour. He receives a merit increase of 4.5 percent. What is his new hourly rate? Practice 1

$11.18 Practice 1 Answer

Kendra Gomez earned $48,214 last year. This year she receives a cost-of-living adjustment of 4.2 percent and a merit increase of 2.9 percent. What is her new salary? Practice 2

$51, Practice 2 Answer

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.