A2 EXCEL DRAFT Assignment Example | Topics and Well Written Essays - 1250 words

A2 EXCEL DRAFT - Assignment Example These figures provided the basis for calculation of the individual employee earnings, contributions and benefits as well as the FICA deductions. To provide a cost benefit analysis, both the expenditures incurred by the department and the benefits translated to savings must be computed. The personnel based expenditures include the salaries and wages and Employee benefits contributed by the department. Values for these two items are obtained from the 2014 adopted budget. The company is obliged to make social security contribution of 6.2% and Medicare contribution of 1.45% of the salaries and wages respectively. Additionally, each employee is given a retirement related benefit of 7.5% of salaries and wages. Once these figures are calculated, the recurring costs, one-time costs and recurring savings are calculated based on the assumptions that the pilot experiment will run for a transition period of six months and involves 5 employees only. Additionally, the experiment will be projected for a period of five years after the transitional period. This eventually provides values for present value of costs and the present value of benefits that are then used to calculate the net present Value and the Benefit/cost ratio. Essentially, the figures used for the calculations were obtained from the adopted budget for the county for the 2014 financial year. According to the report the human resource department has a staff FTE of 14, calculated salaries and wages of $993,967 and employee benefits amounting to $255,692. These figures are used to derive the employee benefits, FICA tax withholdings, social security and Medicare contributions. Social security is computed by multiplying 6.2% (rate of withholding) by the salaries and wages. On the other hand the Medicare contributions are calculated by multiplying the salaries and wages by a withholding rate of 1.45%. It is important to note that all categories of deductions (contributions by employer) except

How does Network affect in the world Essay Example | Topics and Well Written Essays - 1250 words

How does Network affect in the world - Essay Example Over time, and especially recently, the same has been transformed from these old means into more recent ones in ways like use of social networking sites. Its modern conception was the result of the development of the bulletin board system. These were originally meeting places where people could upload information on the events they were planning to conduct as well as exchange knowledge and other information. Moreover, they could also download information in the form of games and other software. These sites were created by people who made it their hobby to put together forums for people to share on topics and events of mutual interest. The online transformation continued over time to the email where information could be shared with friends and those within a given social network through text. However, this did not end here as over time, the opening of the internet to the general population of the world has transformed how people share ideas and communicate with each other. Creative minds came up with online social networking sites such as â€Å"Six Degrees†, â€Å"Classmates† and even â€Å"AOL† (standing for America Online). These set the playfield for later players who came in later such as Facebook, MySpace, Friendster, LinkedIn and Twitter. The above later sites that spawned from the year 2000 and on made significant progress in bringing people together and changing how they interacted as per their interests. Facebook made the most important mark in the whole business of social networking. In just a short period of its launch, it has garnered millions of users due to its trendy name, †Å"Facebook† and the fact that it encouraged people to be open and be themselves on the web (Nickson par 5-20). Most of the benefits emanating from the use of social networking are based on the world business. Social networking has provided a cheap and cost effective way to communicate and share information on business and personal issues online. This is