Determine an overall benefits budget for “The Office Place” and components that can be recommended for  employee base.  express the budget in percentages, including the various components that will make up your benefit package. For example, a hypothetical benefits budget is 25% of the total employee payroll and the breakdown is: 10% health insurance, 5% for dental insurance, etc. What would be justification and comparative data to support and validate the recommendations for the benefit package.  include both mandatory and voluntary benefits. The Office Place is a new retail venture that is located in Omaha, NE that sells office supplies to retail “face-to-face” customers, online customers as well as to other businesses (primarily in bulk). Their strategy and mission is to sell their products at a deeply discounted price, while providing the best customer service experience possible. This strategy is primarily based on industry research showing that there is a growing dissatisfaction with the level of customer service from retailers. This start-up will eventually employ approximately 100 people at various levels and positions and all will be located in the Omaha, NE facility. The Omaha, NE job market tends to have lower unemployment rates and more job stability than in other areas of the country.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Determine an overall benefits budget for “The Office Place” and components that can be recommended for  employee base.  express the budget in percentages, including the various components that will make up your benefit package. For example, a hypothetical benefits budget is 25% of the total employee payroll and the breakdown is: 10% health insurance, 5% for dental insurance, etc. What would be justification and comparative data to support and validate the recommendations for the benefit package.  include both mandatory and voluntary benefits.

The Office Place is a new retail venture that is located in Omaha, NE that sells office supplies to retail “face-to-face” customers, online customers as well as to other businesses (primarily in bulk). Their strategy and mission is to sell their products at a deeply discounted price, while providing the best customer service experience possible. This strategy is primarily based on industry research showing that there is a growing dissatisfaction with the level of customer service from retailers. This start-up will eventually employ approximately 100 people at various levels and positions and all will be located in the Omaha, NE facility. The Omaha, NE job market tends to have lower unemployment rates and more job stability than in other areas of the country.

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