13.1
The Smith-Hart Company is searching for a person to head its accounting department. The personnel department placed advertisements for a total cost of $5,902. The company’s cost to interview candidates is $17,800, The hiring expenses totaled $800. What is the total recruiting cost?
$24,502
Sam Jordan is a project leader and makes $60,000 working at EPD Inc. He receives a 2.8% cost of living adjustment (COLA). Find the new COLA.
COLA = $1,680
Find the Rate of Benefits for: ADMINISTRATOR
TOTAL BENEFITS: $22,590
ANNUAL SALARY: $ 79,420
28.4% OR 28%
If Alicia Walmsley has worked at Northern State University as an administrative assistant for 21 years. She plans to retire in 13 years at Northern State’s normal retirement age of 65. How old was she when she start working for the University?
31 years old
The act of finding qualified people to work for your company.
A. Hiring
B. Recruiting
C. Cost of Living Adjustment
B. Recruiting
What is the TOTAL RECRUITING COST if...
Advertising Expenses: $2,180
Interviewing Expenses: $2,590 + $1,355
Hiring Expenses: $575 + $7,450 + (6% x $464,000)
$41,990
Elaine Taylor is a Systems Analyst at makes $40,00 working at EPD Inc. Elaine was awarded a merit increase of 3.5% for excellent work during the year. What will her merit increase be for the coming year?
Merit Increase = $1,400
Valerie Barnes earns an annual gross pay of $42,000. She gets $14,000 in total benefits?
33.3% OR 33%
Find the annual disability benefits.
YEARS WORKED: 15
EXPECTED RETIREMENT AGE: 60
PRESENT AGE: 45
RATE OF BENEFITS: 2%
FINAL AVERAGE SALARY: $ 49,560
ANNUAL DISABILITY BENEFITS = $29,736
A table of wages used to compare various jobs in the company.
A. Merit Increase
B. Employee Benefits
C. Salary Scale
C. Salary Scale
A Florida law firm looked for an attorney. Advertising expenses totaled $13,500 and interviewing expenses, including travel for two of the candidates totaled $1,450. They selected Patrice LaVigne. Hiring expense included $4,500 in moving costs and a 7% realtors fee on the selling price of Patrice’s home. The home sold for $345,980. What was the total recruiting cost?
$43,668.60
Jeannine Jacoby is a web designer and makes $41,000 working for EPD Inc. She receives a 3.8 % cost of living adjustment and a 5.2% merit increase. Find the new salary.
$44,690
Marcia Gibson is an accounting clerk with an annual salary of $22,500. Her benefits:
$834 for vacation,
$1,300 for health insurance,
$1,035 for unemployment insurance, $1,395 for Social Security,
$326 for Medicare.
What is the total amount of benefits?
TOTAL BENEFITS = $4,890
Find the annual AND monthly disability benefits.
YEARS WORKED: 29
EXPECTED RETIREMENT AGE: 62
PRESENT AGE: 60
RATE OF BENEFITS: 2.5%
FINAL AVERAGE SALARY: $ 45,630
ANNUAL DISABILITY BENEFITS = $35,363.25
MONTHLY DISABILITY BENEFITS = $2,946.94
Health Insurance, retirement plans, and paid vacations are examples of...
A. Cost of Living Adjustment
B. Merit Increase
C. Employee Benefits
C. Employee Benefits
Commerce Bank hired Peter Marshall as its new branch office manager, at an annual salary of $61,200.00.
Advertising Costs: $485.24
Interview Expenses: $96.25 + $93.47
Search Agency Fee: 15% of first year’s salary
What was the total cost of recruiting Peter Marshall?
$9,854.96
John Baker has a middle-management position with Carbondale Industries Inc. After his annual performance review, he receives a merit increase of 4.2 % and a cost of living increase of 2.1%. His annual salary after the increases is $50,492.50. Find John’s annual salary before the two increases took effect. Find his merit increase AND his cost of living increase.
Merit Increase (MI) = $1,995
Cost of Living Adjustment (COLA) = $997.50
Jack Atherton is a skin care specialist with an annual salary of $21,600. His benefits include:
$830 for vacation
$1,270 for health insurance
$1,410 for unemployment insurance
$1.339 for Social Security
$ 313 for Medicare
$750 for vision and dental insurance
What is the rate of benefits?
After working 10 years as a bus driver, Izabel Antocicco was in an accident and became disabled. She was 63 years old at the time and was planning to retire on her 65th birthday. Her final salary was $55,700. Her rate of benefits was 4.5%. What is her monthly disability benefit?
MONTHLY DISABILITY BENEFIT = $2,506.50
When an employee receives a raise in salary to help keep up with inflation.
A. Cost of Living Adjustment
B. Merit Increase
C. Disability Insurance
Four candidates from Universal Executive Search Inc. are interviewed by CanAl Investment Company for the position of Chief Financial Officer.
The travel costs of the four candidates: $ 1,537.36, $2,963.45, $1,278.64, and $1,830.45.
CanAl spent $4,500 on advertising expenses and paid Universal executive Search Inc. 20% of the starting salary. If CanAl spent $35,637,96 in total recruiting costs, what starting salary did it pay it new CFO?
$117,640.30
Nermal Kumar is a senior manager for Timber Eye Industries in California. After his annual performance review, he receives a merit increase of 7.25% and a cost of living increase of 2.2%. His annual salary after the increases was $87,609.50. What is Nermal’s annual salary BEFORE the two increases took effect?
$80,045.23
Juan Fuentes is a computer programmer. His annual salary is $31,926.00 Benefits he receives consists of $1,781.36 in vacation time, holidays worth $1,250.96, health insurance premiums of $2200.00 paid by the employer, social security of $1,863.00, Medicare of $452.63 and unemployment insurance of $512.47.
What is the total benefits AND what is the rate of benefits?
TOTAL BENEFITS = $8,060.42
RATE OF BENEFITS = 25.2% or 25%
Mark Mowler’s final average salary is $47,800. He worked for 15 years and will retire in 10 years, when he is 60. The rate of benefits is 1.8%.
Find the annual AND monthly disability benefits.
ANNUAL DISABILITY BENEFITS = $21,510
MONTHLY DISABILITY BENEFITS = $1,792.50
Covers employees who miss work because of an illness or injury.
A. Employee Benefits
B. Disability Insurance
C. Work from Home Compensation
B. Disability Insurance