Cost for tax-related topics (1 day) Cost for accounting/audit-related Lunch for all training participants (3 days) Travel/lodging for trainers topics (1.5 days) Off-Site Training Tax update conference (1 day) 40 staff in tax area need update Mileage/hotel for tax conference (1 night) Accounting/audit update conference (2 days) 30 staff in accounting/audit need update Travel/lodging for accounting/audit conference (2 nights) b1) Calculate the relevant cost of each option In-house training Total relevant costs 5 $5,000 6,000 500 2,000 $400 per person 150 per person 600 per person 300 per person Off-site training

Cost for tax-related topics (1 day) Cost for accounting/audit-related Lunch for all training participants (3 days) Travel/lodging for trainers topics (1.5 days) Off-Site Training Tax update conference (1 day) 40 staff in tax area need update Mileage/hotel for tax conference (1 night) Accounting/audit update conference (2 days) 30 staff in accounting/audit need update Travel/lodging for accounting/audit conference (2 nights) b1) Calculate the relevant cost of each option In-house training Total relevant costs 5 $5,000 6,000 500 2,000 $400 per person 150 per person 600 per person 300 per person Off-site training

Essentials Of Business Analytics

1st Edition

ISBN:9781285187273

Author:Camm, Jeff.

Publisher:Camm, Jeff.

Chapter6: Data Mining

Section: Chapter Questions

Problem 6P

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You are finance director in a public sector organization that has experienced difficulty attracting and retaining skilled staff. To assist in overcoming this problem, the board has engaged a consultant to recommend an improved benefits structure, to apply to all staff. The consultant has produced his report, and you have been asked to consider the proposed staff benefits structure, and make appropriate recommendations to the board. You study the report, conduct appropriate research, and assess the costs involved. You conclude that it will be necessary to increase staff costs, but you believe these will be offset by the efficiencies brought about by recruiting and retaining high-quality staff. The report contains the following recommendations: Benefits should be related to the length of service of members of staff. After one year of continuous employment, a member of staff will qualify for private health insurance. Private health insurance should cover the member of staff and his or…
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