Wages Reports Samples For Students

Introduction

Receiving education is a costly choice. There are costs to education in terms of direct monetary payments and an opportunity costs. The choice to go to school means forgoing waged employment. Therefore, there is an opportunity costs of the wages that would have been earned. Therefore, there is a need to compare the returns versus the cost of education to make optimal decisions. Estimating the returns to education for any population segment is useful in making decisions on the optimal schooling level at both a personal as well as societal level. From a policy standpoint, estimating returns to education ...

Executive Summary

This paper assesses the determinants of earnings among workers in mid-Atlantic. The study uses a sample of 3,000 workers. The data for the study was collected between 2003 and 2009. The average age of the participants was 42.41 years. All the study participants were male. The study participants had diverse demographic profiles in terms of race, educational background, and marital status. A preliminary analysis was conducted to identify factors that show some relationship with wages among the variables in the dataset. A preliminary analysis revealed that wages appear to be influenced by age, educational attainment, and race. A ...

Section 1

Civil case
The bankruptcy case between a bakery and a bank
In this case, the claimant (owner of a bakery) instituted a civil action against a bank and others before a court in Abu Dhabi. The claimant sought a declaration of her bankruptcy. She also prayed the court to issue an attachment order in her favor against the property of the bakery. Her real intention was that upon the property being attached, it would be subjected to a count of inventory. This would mean that the property would be placed under administration. The property could also be sold, and the proceeds be distributed among the ...

Business Study Skills Individual Report

Abstract
The study investigates the economy performed in Japan over the last decade. The studies have shown that there has been an increasing based on an unmanageable model of unbalanced economic growth. The study finds that there was a surprise fall in GDP from 2.1% to 1.6% in Japan due to debt brought by household consumption and increase in sale tax. This has made Japan’s economy to shrink. The government expenditure has developed by 29%, which outdo the rest of the economy growth. There is actual prove that there was a fall in GDP of business investments from 11.7% ...

Introduction

The purpose of this report is to analyze the different social responsibilities and ethical responsibilities of businesses to the society. Apart from the main objective of maximization of profits, businesses should have other objectives that ensure that their practices promote the welfare of the society. In this report, Walmart is analyzed.
Walmart is an American multinational company considered to be the largest employer with 2.2 million employees (Walmart.com). Apart from the United States, it has branches in United Kingdom, Canada, Japan, Mexico, and India. It usually operates general chains hypermarkets, grocery stores, and discount department stores. The company’s ...

Abstract

Green, fair trade companies, face unique problems since they are not oriented to maximizing profits. Indeed, they aim at improving the welfare of the members and create social and environmental impacts. As such, there is a conflict of interests from the multi-objective stakeholders. However, the study shows that careful analysis of the problems and initiating problem-solving techniques such as participatory management, strategic plans and use of qualified personnel reduce the challenges.
1.0 Background of the Study
This section entails the history of the company, vision, core values as well as the vision. Additionally, it outlines the events and activities ...

President’s Sense of SOU

President Barack Obama delivered the State of Union address on 28th January 2014. Obama’s sense of the SOU was to highlight some aspects that currently exist in the country. He focused on letting American citizens understand that he is aware of the issues that need to be addressed by his government. Outlining the formulated strategies to solve the prevailing challenges in the country is essential for any democratic leadership. Barack Obama pledged to address the emerging issues such as raising the minimum wage to encourage saving in the American households. State of Union helps to give a nation a sense ...

According to macroeconomic theory, increase or decrease of the wages in the labour market can be caused by a various number of reasons, economic and social. However, the prevalence or decrease in the wages in any given country has a number of effects on the socio-economic aspect of the country. One of the effects of a decrease in wages is the increase of the crime rate. In this paper, I shall look at the relationship between level of wages and the crime rates. In the paper, focus will be directed to Kenya, a country in East Africa.

Assumptions

Before analysis of the data, it ...

Report

Corporate takeover
In a corporate takeover, two methods are commonly used. There is the purchase method and secondly the pooling of interest method. The first is applied where the acquirer can be identified while the latter is used where the acquirer cannot be identified. In a corporate takeover, several aspects of valuation are necessary. They are as follows – share valuation, valuation of business, valuation of fixed assets and shareholder agreement (Solomon, 2011).
In the event of a corporate takeover, the financial statements are adjusted so as to remove items which are not reflective of the ongoing business on a continuous basis. ...

Overconsumption of alcohol has a far-reaching adverse effect on the person and the larger society on various socio-economics aspects that have been the subject of debate and academic discourse for decades. One of the areas that alcohol has an impact is the work life of the alcoholic. This study seeks to assess the impact of alcohol consumption on labor outcomes.
MacDonald and Shields study the effects of alcohol consumption on wages and occupational attainment in England. They use a pooled sample from England Health survey for 1994, 1995 and 1996. They use an OLS regression to model wages and ...

Immigration from Asia, Africa and Latin America to Europe

The purpose of this paper is a complex study of migration processes from Asia, Latin America and Africa to European countries. Special attention will be paid to analyses of economical and other activities of immigrants, influence of their remittances on condition of payments balance of donor and recipient countries, questions of labor regulation and limitation of illegal migration due to criminal elements and shady economy. There are several research problems that we will tackle within this paper. We are interested in main reasons of migration from Africa, Asia and Latin America to European Union, estimation of its volume and dynamism. ...

CS417

Assignment1 Part2
Industrial Revolution Research
Industrial Revolution
Abstract
The Industrial Revolution is famous for developing the industrial advantages that are common today. New inventions helped the textile factories grow and produce cloth. The steam engine was very important for making transportation faster and easier. Ships and railroad locomotives started using steam engines which made a significant change in transporting raw materials and finished products to sell. Building the ships and railroad trains used materials like iron and steel that were important and still are for modern manufacturing of many products. The social impacts from the Industrial ...

The article, the introduction to crisis theories is an article that attempts to explain the crisis that is found in the capitalist countries. In a capitalist economy, the citizens own the factors of production and hence the government has no control over the resources. The citizens make the major production decisions. Since there is competition, the resources are carefully exploited in an attempt to maximize profits (Anwar, 220). The article tries to identify the failures of capitalist economy. The failures in the economy and in political sector are what the article refers to as crisis. Even though there are periods ...

Debtors filling system will be the responsibility of the accounts clerk and is prepared when the business is preparing and updated on a weekly basis. The records are prepared and recorded in the debtors’ accounts. The debtors’ accounts may either be debtors’ receivables or the debtors’ payments accounts and this is determined by the payment method of the debtors. The accounts are usually reviewed either on quarterly basis or annually depending on the volume of work carried out by a business. They may also be reviewed when an audit is being carried out and this has no specific time, since it ...

Michael Bloomberg is definitely among the public personas whose persistence, inventiveness and meticulousness became the foundation of successful entrepreneurship and overall affluence in financial, political and media realms. In addition to political career, Bloomberg’s greatest achievements in business are a global media empire and a financial data network bearing – quite naturally – the name of their decisive founder, Bloomberg LP. Having created a Wall Street company in 1981 (Anders, 2009) with an intention to collect, structure and deliver financial and trading information (Bainbridge, 2008, p. 27), Bloomberg has been expanding his empire further until today. According to Winfrey (2009, ...

Introduction

It is imperative to note that productivity growth is an aspect that is often used by economists to gauge the performance of an economy. In evaluating the living standards of a country in the long-term, the efficiency with which capital and labor are combined has a significant role to play. However, it is worth noting that productivity alone cannot be relied on to measure the performance of an economy as it is inefficient. The concept has made most analysts to focus on other features such as labor productivity, a figure that is often arrived at by dividing the total ...

Today’s ageing Workforce and Labor Shortages

Canada is witnessing a change in its work force – the percentage of workers aged above 45 has changed from 27% in 1993 to 40% in 2010; a phenomenon that is compelling the experts to re - examine the common beliefs about an aged work force. The Canadian demography is heading towards an increase in senior population with its baby boomers – those born between 1946 and 1965(Parkinson, McFarland & McKenna, 2015), reaching retirement age. Parkinson et al, (2015) predict serious implications on the Canadian economy, Government policies and the well being of Citizens unless significant adjustments are made to address ...

Human Resource Management

Introduction
This project alludes to the compensation and benefit strategy of an organization. It is very essential to clarify the concept and all the aspects of compensation and benefits given to the employees of an organization. Walmart is the world’s largest retail store that has been taken for this project to study the compensation and benefits issues and the steps taken by them. As per the Fortune global 500, Walmart is also one of the largest companies in the world in term of revenues, and the leading private employers worldwide. It employs approximately 2.2 million employees across ...

This report presents an assessment and analysis of the Australia football league in terms of the sustainability of the league. Additionally, the paper discusses the arguments that are made for the expansion of the league which include the money factor, support to local infrastructure, employment creation and building a base for a future viable football business. The argument discussed against the expansion of the league is in terms of salaries and wages for players, financial capability of the clubs and the impact it might have on the environment. The paper draws attention to the economic justification to the changes in the ...

Debtors’ system

The debtors’ system will be the responsibility of the business accountant.

The debtors’ system will be used to develop debtors’ records at the end of each month.

The debtors’ system will be reviewed at the end of each month to ensure that the level of debtors is within the business allowable limits and to ensure that the risk of bad debts is minimized.

Cash book

The cash book will be the responsibility of the accounts clerk.

The cash book will be reconciled at the end of each working week and reconciliations with cash in hand and cash in bank made.
...

The Emerald is a 4-star hotel located in the city center and offers an assortment of services. The major goal of the management is the provision of comfort and unpretentious luxury and charm along with the integration of the best available technology. The hotel currently accommodates leisure tourists, business travelers, contracts, and small and large groups of people. It consists of 250 rooms (200 standard and 50 premium rooms). It also has a restaurant with 125 available seats and adjoining 50 seats in the bar lounge section. In addition, The Emerald has a bay exercise room, a conference and ...

Geography in the Canadian North

My ideal career path would be me being employed as a flight attendant with Air Canada. Employment for my intended career as a flight attendant is available in the Canadian North, specifically in Calgary and Edmonton, Alberta, where there are positions available. In the north, a Canadian flight attendants salary would be approximately $24,451 to $73, 406 annually. Flight attendants in Canada are represented by the Canadian Union of Public Employees, or the Canadian Flight Attendants Union.
An ideal airline to work for in the Canadian North would be one that shows up top in employee and customer ...

Introduction

Corporate social responsibility (CSR) entails the practices that are undertaken by the organization as a way of giving back to the society b solving the social or environmental issue. For instance, the business may fund projects in the community such as schools programs and clean water projects. Additionally, the corporations may undertake climate change activities such as planting trees and reducing emissions as well as funding for research for common good such as Ebola and cancer programs. Implied, the corporations bet on these projects to create customer awareness and as a way to win their loyalty in the long-term. ...

MANAGEMENT ACCOUNTING – COST CLASSIFICATION, VARIANCE ANALYSIS AND BUDGET PREPARATION

Executive Summary 4
1. Management Accounting, its Importance and Comparison to Financial Accounting 5

Management Accounting versus Financial Accounting 5

2. Different Classifications of Costs (Types, Behaviour, Function and Relevance) with Examples 6
a. Cost Classification by Behaviour 6

Semi-Variable Costs 7
Variable Costs 7
b. Cost Classification by Function 7
c. Cost Classification by Relevance 8
3. Variance Analysis Commonly Derived Variances, Problems and Limitations 9
a. Commonly Derived Variances 9

Material Cost Variance 10

Labour Cost Variance 10
Overhead Variance 10
Controllable Variance 10
b. Problems and Limitations of Variance Analysis 11
4. Different Operational Budgets and their Advantages 11
a. Master Budget 11
b. Operating Budget ...

INTERNAL MIGRATION PHENOMENON AND URBANIZATION IN TURKEY

1. Introduction
1.1 Background
Migration is a fact that plays an important role in the period of human history, such as tribal migration that is heavy human migration to Europe between 350-850 years. Migration was a turning point in the history for some empires or states. Migration means the movement of certain population from a specific territory to another. There are many consequences of migration such as social, economic, cultural and physiological factors. Migration is categorized into two parts namely internal and external migration. Internal migration refers to the movement of habitation within the state boundaries which involves cities or ...

Background of the Issue

With increasingly difficult organizational structures and continuously evolving markets, modern companies face more severe competition. This competitive market environment is no longer determined by the high level supply and demand curve and product features, as it used to be somewhat forty and even thirty years ago. Contemporary businesses have to learn to compete on price and upstream effectiveness to be able to develop sustainable competitive advantage in their respective markets. Past decades put in focus an emerging trend of production and manufacturing outsourcing, where large corporation found a great cost advantage in offshoring their operations in lower labor cost countries, ...

MODULE LEADER’S NAME:

- Executive summary
Jinnikins Jeans is a UK company established in early 2000 that sell designer clothes. The company’s directors have drawn much attention especially from the media due to their personal exploits, youthful entrepreneurism, and innovative use of internet for marketing. The company has in the past few years faced various challenges such as increased wage bill, low performance and reduced morale among various employees. This article examines the company’s approach to reward and the extent to which their approach is consistent with its business objectives. It also focuses on various theories of motivation including, instrumentality ( ...

Over the years, trade unions have been charged with the duty and responsibility of representing the interests and the general welfare of a worker or the employees. The term employee benefits include appropriate wages and human working conditions that the employer should provide while the worker if on duty. At the very minimum, all companies and firms have worker unions and trade unions, which are supposed to articulate the issues and matters of the works to the employers (Clegg, Fox &Thompson, 1985, P. 1919). It is regrettable to note and record that the work conditions and remuneration levels have deteriorated ...

Introduction and company background

Formed in 1824 by Peter Degraves, Cascade Brewery stands out as one of the oldest companies located in Australia. The company is specifically located in Hobart, Tasmania. Peter Degraves was an entrepreneur who had moved to Australia as an immigrant following the crises that were facing England during the era. He started Cascade Brewery on his own property but the company later flourished and possession was granted to the Foster's Group that currently runs it. Remarkably, the company majors in production of apple cider, homebrew, beers, as well as non-alcoholic beverages such as blackcurrant syrup, apple juice, and carbonated ...

The History of Cotton in America

Historically, the cotton production in the United States has experienced times of entrepreneurial developments from England’s cotton clothes and yarn. When the factories began operation, the price of cotton fell drastically to ensure affordability of the clothes by the poor people. The lowered price of cotton saw the rise of demand that necessitated England to demand more cotton. America at this era did not have a large base of cotton production until 1830 when the South started large-scale production of cotton. England benefited from 70 percent of this production while the rest remained in the nation for local production.
...

Globalization

Over the years, neoliberalism has come to rival liberalism as a political ideology. This is in tandem with the suggestion that liberalism, as a political ideology, has gone through change to reemerge as a neoliberalism. To this end, there exists a suggestion as to the existence of a common experience for both concepts. A general definition of neoliberalism states that neoliberalism is a political ideology inclined towards favorable constitutional changes in bid at achieving democracy and freedom . On the other hand, the definition of neoliberalism is encapsulates it as a “a modified form of traditional liberalism.” Liberalism took root as a political slogan in Spain and Sweden and ...

Business Environment.

Economists classify factors of production into four categories: Land, labor, capital and enterprise (MANKIW, 2011). Land is a natural resource that includes ground space, air, seas, oceans etc. The owners of land are referred as landlords and its rewarding factor as rent. Land is considered as the prime factor of production since the other factors need a surface for them to be effective. Labor refers to human input such as skills, knowledge, expertise and management. It is classified according to quality, skills and qualifications. The owners of labor are referred to as laborers while the rewards are wages and salaries.
...

The state of Maryland has been posting exceedingly impressive economic data recently. The economy of the state seems to be robust. The state recorded 1400 more jobs created in August alone than in July. The sectors driving this demand and supply are government spending, accommodation, food services, and scientific services. The state currently has one of the highest recovery rates after the recession. The post-recession job recovery rate is 8% and represents a particularly serious spike in jobs. Further, the state’s takings from taxation topped 4% above the 2011 figure (OWIP, 2012). The increase in sales tax receipts this ...

In a building and construction business, proper financial management is essential for the smooth of running of the business and achievement of profits. The essence of financial management is in proper record keeping. The table below shows the basic records that are a must in any business, the person responsible, frequency, review process, and why the record.

RECORD

PERSON RESPONSIBLE

WHEN TO BE PREPARED (FREQUENCY)

REVIEW PROCESS

WHY YOU NEED RECORD

Petty Cash

Accounts Clerk

Weekly

Manager reviews the petty cash system on a quarterly basis so as he can balance and reimburse money in the office.

Certify that minor purchases not ...

Organizations apply the analysis of break-even to make price decisions of their products, understand the costs that are involved in the production, and make a decision on the volume of sales achieved that can make the business profitable. In this plan of activities, Mission Hill Wine made total sales of its wine at $12, 500 in 2015 and incurred a variable cost per unit of $700 and a fixed cost of $ 8million. Therefore, the break-even would be determined as:
In terms of units, BEP = 8,000,000/ (12,500-700) = 678 units.
In terms of sales, BEP =678 units*12, ...

Nowadays globalization is developing rapidly; more and more companies establish their subsidiaries in the foreign countries. Many organizations have presence all around the world. This process has either advantages or disadvantages; however, companies receive mostly positive outcomes of globalization, such as access to the new markets and outstanding talent, outsourcing of production and R&D, learning the experience of the foreign colleagues, and etc. This reported is devoted to identification of the ways of international business strategy’s improvement for Adidas Company.

Globalization

Globalization has made significant changes of the world economy. It foresees the following aspects:
Nations differences: the competitive ...

Introduction

According to Christopher Blake, the former secretary of labour in New Zealand, the country has been gradually but continuously changing (Cited in: Masgoret, 2009). This is evidenced by the fact that one in every four New Zealanders has been born in a foreign nation. He notes that New Zealand has been built through immigration and that migrants, whether permanent or temporal, will have a major role in the economic progress of New Zealand. The government has a role to attract and retain migrants with skills and talents that will be critical in developing the country. Understanding the difference between ...

Glocalizaton concept and its relation to standardization-adaptation debate in marketing literature review

What is glocalization
Glocolization is a term that was introduced in early 90s by Robertson, it comes from combination of two words; globalization as well as localization. The globalization refers to the flexibility that is brought about by countries allowing the international forces to have impact on their local market environments, so as to attain some economic growth. Furthermore the term localization refers to the reiterating that is brought about by regions in order to maintain and protect some local culture and local conditions from them being carried away completely by the globalization forces. Therefore, glocalization attempts to balance ...

Abstract

The unforeseen changes in the macroeconomic environment globally will affect today’s successful business models. This will in effect translate to a shift in the employment landscape. Technological advancements and demographic changes will affect how jobs are created, recruitment patterns, career progression, job content, skills needed and the levels of productivity needed. The changing employment landscape will be anticipated by both businesses, governments and individuals so that they are able to fully seize the opportunities presented by these trends and to mitigate undesirable effects. Likely, in this dispensation, the service industry will have the biggest proportion of job openings ...

What had been a question of values and ethics has now become an issue of corporate policy. Corporate Social Responsibility (CSR) has been globally accepted by the firms in the twenty first century, in order to fulfil their moral obligations to the society that is giving to them profits and gains. One can get several examples these days where big multi-national firms (MNEs) are lending a hand towards the betterment of the society. For example: Volkswagen India initiated a programme in Maharashtra's draught stricken community by offering to expand their water reserves. This would help the local population get easy water access ...

The addition of a new shareholder in farming solutions limited has taken a different change. It is so since Jed is now a minority shareholder who opens his own business just after being a shareholder. The objective is to understand about duties of directors like henry, the law on the protection of the minority shareholders, in this case Jed. The different types of meetings held once a company has been incorporated are also of interest. It also aims to establish the rights of shareholders and debenture holders and the effect of the liquidation process on employees, directors, creditors, and everyone else involved in the ...

Introduction

Conflicts are disagreements between two or more groups of people. The parties could disagree on principles, interests or responsibilities. Conflict is very ordinary and expected when individuals with different values and ideas work together. Due to the inevitability of discord, it is important to recognize the conflict, address it and resolve it sufficiently. When conflicts are not resolved appropriately, undesired effects may arise. When conflicts are correctly handled, it strengthens the relationship and trust between the involved parties. There are many different methods of conflict resolution. Choosing the best conflict resolution method is crucial to resolving the conflict. In ...

Introduction

Kindred Healthcare Inc. is a company that provides healthcare services through its transitional care hospitals, rehabilitation hospitals and assisted living facilities, among other healthcare services across the United States. This paper gives a detailed financial and operating analysis of the company to assess its liquidity, profitability, operating efficiency, as well as solvency.
1. RATIO ANALSYS
a) Liquidity ratios
The current ratio of Kindred Healthcare for the year 2013 was 1.510 implying that it had adequate current assets to repay its current liabilities. Although this value is less that the ideal 2:1, the organization’s liquidity is strong. The ratio ...

Individual report

Introduction
The task of the following individual report is to discuss critically two questions using economic models and objectives. The first question is “The recent price wars in the supermarket and mobile phone industries have been beneficial to both consumers and their respective industries. The discussion of that topic is about the recent price wars between the UK supermarkets – the monopolists Tesco, Morrison, Sainsbury and Asda and the German supermarkets Aldi and Lidl. German supermarket gain the half of the British market by low prices for their goods and it lay the beginning of the price war. The ...

In her article Children Should Not be Turned to Mini Wage Slaves in the London Times, Hannah Betts criticizes suggestions by a renown entrepreneur Karen Brady that children and youths should be exposed earlier to working culture and taking responsibility through being provided with opportunities to assist in businesses during weekends for minimal wages (Betts, 1). According to Betts this will be equivalent to modern day child slavery which overburdens the children who are already overwhelmed by school work during week days. She goes further to quote the 2012 Report by the UK Commission of Employment and Skills which indicates ...

RECOMMENDATIONS

The Fair Trade a term that refers to the entire Fair Trade Movement and all organizations that abide by the ten Fair Trade principles. Fair trade describes the labeling and certification systems governed by the Fair-trade International. (Miller, 2010, p. 19). The Agro Water Barrel Company promotes principles of fair trade. The company should continually advocate the adoption of more practices of fair trade. The following are recommendations for the organization are proficient to help solve the wicked problem.
The business and concept of fair trade should be elemental by responding to all failures related to conventional trade (Renard, ...

Business, Society, and Policy

The Name of the School (University)
The City and State Where it is Located
Business, Society, and Policy

Introduction

Child labour is one of the biggest problems being faced by the industrial world in the current business environment. Despite the best efforts from governments around the world, it was very difficult to curb the menace effectively. The problem of child labour is severe in the developing countries like India, China, and many African countries. The practice of employing children has an adverse impact not only on the future lives of children but also on the society they live ...

Abstract

This paper is on the topic of Emigration. The first section of this paper is on the topic of important people in the history of Emigration. The next section will compare how different countries are dealing with it and if it is an issue in the UAE. The following section will discuss the advantages and disadvantages of Emigration. The final section will discuss the causes and solution to the issue of Emigration.

Part I

Heading: Meaning
- Emigration is leaving one nation or region for settling in another. .
http://immigration.about.com/bio/Jennifer-McFadyen-43604.htm

Heading: Historical Evidence

- Migration has always been a constant feature of the human ...

Administrative modification, powered by an extension of information technology, may have underwrote to the erosion of the previously established relationship between company size and the quantitative investment appraisal criteria selected. Seemingly, companies are by means of utilizing more methods composed, while the use of the more urbane discounted cash flow. However, systems are sophisticated, and that use of the less hypothetically sound accounting rate of return technique seems to be reduced, than aforementioned studies would have recommended of businesses .
Consequently, accounting modification may result from procedures ascending within an organization in which it is operational, while as of ...

http://www.npr.org/blogs/money/2014/03/06/286861541/does-raising-the-minimum-wage-kill-jobs
This article is a reaction to the move by the president to increase the minimum wage. The gist or the author’s argument is that increasing the minimum wage with cause employers to retrench and cut jobs. The author presents the evidence in an argumentative manner. Studies from a congressional budget office show that an increase in the minimum wage would result in a loss of over 500000 jobs. On the other hand it would increase hourly wages for over 16 million people.
http://www.npr.org/blogs/money/2014/03/21/292385791/the-numbers-are-getting-better-the-people-are-getting-worse
This article reviews citizen apathy to the situation in Greece. After the financial turmoil ...

- Introduction
Employment laws meant to cushion the employees against any form of oppression they may face at their workplaces (Cabrelli 2010). In UK, these employment laws differed in that workers and employees enjoyed different protection, the employees enjoys greater rights than workers. Despite the difference, every person working for an employer is entitled to national minimum wage, protection from discrimination and right not to work for more than 48 hours per week. The employment laws apply universally whether the employees and workers are permanent or working on a temporary basis (Langley 2011). Employment regulations reviewed each year particularly ...

The first principle that BUPA must adopt is that it must understand true costs. This company will make this achievement by using the standard cost component. This tool should be applied in budget preparation, pricing reporting and performance based incentive plans (Elliott, 2004). This is based on the increase in utility costs, which has decreased the operating surplus. In 2012, the operating surplus was £ 38,364,000. This was a decline from £ 54,202,000 in the previous year (Bupa Care Homes (CFG) plc, 2012). Understanding true costs will ensure that BUPA improves its costing control system. In this case, ...

Summary Review

Barbara Ehrenreich has written many books, but her book ‘Nickel and Dimmed’ is a classic in providing knowledge about a socio-economic issue of how does a poor, low-wage worker is able to survive in such a meager income. In this book, she begins to investigate that what are the hidden costs attached to the survival of a low wage worker and how do they cope up with those. To know more about it, she decided to spend some time of her life that were approximately three months, doing various lower wage jobs that included house cleaning, nursing, being a waitress and a sales girl serving at ...

Introduction

Telstra Corporation Limited is the Australia’s largest telecommunication and information provider. The company is responsible for the provision of a wide range of telecommunication services across Australia. Telstra Company provides basic services to businesses and individual homes, internet and mobile services, and telephone services. The company has service provision has been improved by the presence of fixed lines and mobile connections. Various studies show that deregulation within major telecommunication companies has always had a significant impact on employee relations. As a result of new and improved technology, digital technologies, and mobile telephones, competition among telecommunication companies has diversified. Many firms have ...

Introduction

Increased competition coupled with massive globalization has led to the adoption of strategic human resource management practices. This is with a bid to ensure productivity and profitability through the human capital at large. Currently, most firms manage their human capital strategically. This is unlike long ago when human resource department was traditionally left to handle administrative roles. Strategic human resource management advocates for practises such as training and development, selection and recruitment of employees through psychometric tests, change management, coaching, and ensuring learning takes place within the organization among other practises. Nonetheless, it is worth noting that many firms seek ...

Summary

In this article, Carrell and Bales explores the impact of economic recession on global economic activities. These authors further explore different collective bargaining methods used to address conflicts between employees and employers during these unfavorable economic times. Indeed, these authors admit that the employment sector is one of the most affected industries due to the emerging economic downturn. The most prominent economic recession occurred in 2007, leaving severe impacts in public and private sectors. This unfavorable trend has forced several governmental institutions, and private entities to exchange ideas and negotiate them, to address negative challenges such as reducing tax ...

Engineering

Abstract
The Brooklyn Bridge is probably underappreciated by most of the people who use it today but it is still an example of great engineering. The chief engineer, Roebling, designed a suspension bridge that was fifty percent longer than any other suspension bridge of the times. His design for weighting of the bridge to keep it stable when there was wind is a very important lesson for today’s suspension bridge designers. The health and safety issues of the height of the bridge and the use of the Caisson boxes have been discussed. The approximately 27 deaths that took place ...

Introduction

Thus a corporation requires a “Global Strategy” which again is defined by Professor Lynch (2012) as a term that covers three areas (global, multinational and international) which is designed for an international organization to achieve its corporate goals as it operates in locations outside its location of origin. The online website Quick MBA defines the importance of Global Strategy (Quick MBA, pp 1). For the corporation, Global Strategy is important for the corporation because operating in a new country will is essentially a newly opened market that would drive both sales and profits. For many corporations that have “exhausted” the market or is competing ...

Introduction:

The overall objectives of this report is to help them in adapting a concrete methodology that is applicable in project management in the form of organizing change that allows the employees to engage in a form of empowerment in the manufacturing cells and through the identification of the requirements that facilitate the self-directed concept implementation and assessment. One of the critical elements in developing and advancing the changes in the social systems like the teams is the fact that there is need to conduct a thorough change management as well as project management based on the literature therein.

Findings and recommendations on the use of ‘self-managed’ or semi-autonomous teams in manufacturing:

Semi-autonomous work developed towards ...

Executive summary

From the study, it is realized that the major legal issues affecting restaurants as form of business organizations in Australia relate to the payment of hefty fines and payouts when the owners breach the excessive laws formulated by the government. Basically, throughout this report, the Australian Occupational Health and Safety Act 2004, Australian Consumer Law, the Compliance Law, and the Australia’s Trade Practices Act 1974 have been identified as some the laws that affect restaurant operators in Australia. Also, such legislations as Superannuation guarantee levy, Fair work Australia, OHS, and carbon tax are identified.

Generally, there is excessive ...