Essays on Compensation Package

Compensation strategy of an organization is essential in ensuring a competitive advantage over rivals. In the contemporary business world, companies face increasing pressure to offer high-quality products and services. Compensation strategy is important to employees and employers. Workers often depend on salaries, wages, as well as benefits for income provision. Compensation practices differ in various companies. Managing compensation is a primary mechanism for decisions in the job market. Proper compensation management is crucial in improving organizational performance. Most companies adopt compensation strategies that enable employees to produce high-quality work. Companies such as Baker Hughes have a strategy aligned with ...

Introduction

The New York police department exists to ensure that the constitutional rights of all residents in New York are guaranteed by preserving a safe environment that reduces fear, ensures that laws are protected and that peace is observed in the city (Stanislas 22). Regardless of their ranking, all officers are obligated to protect life and property. The New York police department conducts patrols, collects evidence, testifies in court, arrests suspects, enforces laws, completes paperwork, issues citations, and collects evidence (Crank and John 21). The objective of this paper is to detail the process that is followed to become a ...

Compensation is the payment offered by an employer to an employee in exchange of the services received from him. Mostly compensation is monetary but it may include certain non monetary facilities such as housing, conveyance, insurance etc. Compensation is further divided into two general types: Direct and Indirect compensation. Direct compensation includes base wage, incentives, bonus, leave encashment etc. while indirect compensation is designed to provide additional benefits such as social security, health insurance etc and does not vary with performance. Designing a compensation plan that is satisfactory to all is a major challenge for the Human Resource Management ...

This paper reviews the Clinical Nurse Specialist (CNS) position as shown on Life Long Medical Center, Kaiser Permanente, and Mayo Clinic healthcare organizations. The paper’s main aim is to compare employee benefits and compensation plans from all three sites. In doing so, the paper will look into the similarities and differences existing in the three benefits and compensation packages. Life Long Medical Center is a California-based organization that offers healthcare and social services to its target population. Part of Life Long’s benefit plan for its employees include the following elements. First, Life Long treats CNSs as full-time ...

1.1. The problem presented in the case was how the Chief Learning Officer (CLO) Tom Pederson, would transform the company by developing a strong company culture. Coming from a long history of struggles, employing talent of varying cultures to help get them thru the challenges they faced, the bank is now faced with the dilemma of how to merge these cultures to come up a with a unified organization. Pederson also had hesitations about the newly-implemented performance evaluation program, which is the first time employees are rated against the company’s vision and values. 1.2. As mentioned, one of ...

Three Ways of Coping with Negative Emotions

Human Resource Management (HRM) has evolved over decades, transforming from a supportive organizational function to one of the most important strategic elements of the contemporary organizations. Globalization and internationalization of supply chains make companies become increasingly concerned with HRM as they recognize the importance of people as the major competitive advantage. With that in mind, HRM looks at retention rates and employee motivation as one of the core responsibilities of the department.While hiring and training are significantly important for reaching effective and productive operations; downsizing or simple employee layoff is another important function of HRM, which can affect not ...

Abstract

In this research paper our major focus is on employee cover and the benefits that accrue to the insurance cover. Further the data examines different health care issues and worker’s satisfaction with the treatment they get in health facilities today in building their future trust of the nation’s healthcare system. Medical care programs designed for these workers are also another factor to be discussed and its importance to the client to confirm their loyalty if they are fully functional and help their workers when need arises. If taxes on employees were to be increased some of the ...

Following the guidelines of the course ID guidelinesStudent’s NameUniversity

Introduction Job planning is an essential factor for the success of an organization in the competitive business environment. It is important to design a compensation plan that will help to motivate an employee toward his job to improve the productivity of the organization. The compensation package is the necessary element for the success of human resource management. It helps in appraising the performance of the employees and keeps them happy with their job. The paper has been developed to understand the job of a Human Resources Representative for the PenFed Credit Union and prepare a job description for the ...

Organizations are always interested in attracting and retaining qualified personnel that will do the actual work that the company engages. The duty of attracting and retaining suitable employees is usually tasked to the managers of the organization. Different compensation policies have been advanced that detail to potential employees the benefits that are associated with them working for that particular company. Total rewards design is an example of such a compensation package that is of benefit to employers because it ensures that best performers are attracted and retained to work for the company. The total rewards design explains the several ...

Nasher's Nest is Kannel and Boarding facility which requires a secretary at new position. The company can provide competitive package of benefits and compensation to find suitable person. According to Terry Thomason (2001) if Nasher’s Nest Company starts offering good benefits, it will be easier to find and recruit talented secretary for the department. It also has positive effect on marketing and sales.

Employee will be exempt. Our kind of job is usually held by worker with regular position or low-level managers, or other mid-skilled workers. They usually receive a fixed annual base wage and are not prefer overtime ...

Question 1

Discuss the concept of granting “Golden parachutes to executives”. Explain how this practice could be in line with shareholders’ best interests. Do you see how this practice could possibly be taken advantage of by the executives?

Upon employment, senior executives are entitled to a certain payment either in monetary value, or in equity should their contract be terminated ‘without cause’ before the end of their contractual tenure. This payment is normally referred to as a “Golden Parachute.” Golden parachutes have often raised concerns of abuse and claims that the management elite of the company could be taking advantage ...

Introduction

The essay will analyze the human resource strategies, policies, and practices as they pertain to JetBlue Airways. The JetBlue Airways case study offers numerous lessons in the field of human resource management starting with the three national equal employment opportunity laws that affect JetBlue’s hiring practices. Additionally, we can learn human resources strategies from the company’s recruitment efforts and its personnel selection. Examining the factors that influence JetBlue Airways’ performance appraisal system will also reveal some lessons about human resource strategies. Moreover, analyzing JetBlue’s Airways’ 360-degree feedback evaluation system will reveal its rationale and advantages for ...

Business Strategy Affecting the Total Compensation System

Abstract Since employee management has become a major challenge for business these days, it is equally important to attract and retain the key talent. To increase employee productivity and target achievement, organizations of today align their compensation packages to business strategies. This paper, in such regard, is written to identify manner in which business strategy influences the total compensation system. More emphasis is placed on pay-for-performance model. Such an analysis is performed considering some variables such as consideration to save fixed costs, life cycle stage, business diversification, focus on results and customer orientation etc. the analysis also considers the ...

Microsoft is among the United States’ largest companies. Established in the year 1975, Microsoft is the leading provider of software, solutions, and services globally. Microsoft offers a wide variety of services while employing a large number of highly skilled employees. According to the company’s former Chief Executive Steve Ballmer, Microsoft is a company with big goals, dreams, and aspirations (Microsoft n.p). The company is very competitive in terms of both its products and the attraction and retention of staff. The company recognizes that to compete effectively with its rivals, it is imperative that they take care of their talent. This essay ...

A common belief in business states‘ the structural decision items of an operation's strategy are a reflection of the hardware components of the firm, while the infrastructure decision consequently, represents the firm’s software’. This is an analogy borrowed from computers that reflect on how important structural decisions are to the firm. Hardware is the backbone without which software would have nothing to run. There are heavy investment decisions that cannot be changed without incurring significant losses. They demand deliberate considerations about operations spread in different countries and demographics (Kayne, 2009). They include facilities decisions, process technology, capacity management and ...

Human Resource Management

Abstract This study will provide a compensation package of consumer goods industry such as Procter and Gamble. The research will provide the salary, bonuses, health care plans, and different kinds of compensation for initial entry employees, middle management and senior management. The compensation package will include minimum salary, bonuses, health care, retirement plans, vacation, sick leave, holidays, and paid time off. The organization that was chosen as the subject matter of for this study is Procter and Gamble, which belong to the consumer goods industry. The mission statement of the company is to uplift the lives of global ...

The objective of this compensation plan consists of an outline of the compensation package for the professor and the HRIS specialist of XUZ University. The compensation plan is developed in a way that will be appropriate for both posts and it will be also according to the efficiency and qualification of the professor and HRIS specialist. The compensation plan will focus that teacher will be paid according to their performance and their performance will be evaluate after getting assessment by the principal, vice-principal, and their children while HRIS specialist will be paid according to its skills, expertise, degree, and experience. ...

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I consider the arguments of Benjamin Powell and Matt Zwolinski (1 – 24) in the defense of sweatshop labor relatively solid and convincing. I agree with all the philosophical arguments that they forwarded except in minor areas in their supporting arguments. As such, this essay is largely a rejoinder of their arguments with additional supportive points that may strengthen their pro-sweatshop labor position. I agree that the labor market for sweatshops continues to be competitive, and the prima facie proof that the sweatshop employment was the best alternative accessible to them rests on the ...

Developing a successful compensation program for the employees is one of the primary tools that multinational companies use to retain their employees as well as achieve the organization’s strategic goals through improving the employees’ work productivity. However, designing a benefits and compensation program for the expatriates is a challenging process especially due to the differences in legal and social status of the host country and the organization’s mother country. In the case of India for instance, the benefits and compensation plan for both the local employees and the expatriates is regulated by several federal and state laws. In addition, factor ...

Introduction

Human resource capital is an important input to ensure smooth running of an organization. As an organization grows, there is a need to expand the size of human resource capital to effectively handle customers (Thomas & Presland 1993). The decision by ADZ bank to enter into Hong Kong and Taiwan markets that require at least fifty new customer service executives requires a robust recruitment action plan to be designed. The recruitment plan is a strategy to hire suitable applicants for the bank’s AZ customer service center. This plan is in line with ADZ bank’s intentions to recruit at least one hundred ...

Executive Summary

HWNS is a service provider for members of the physically challenged community with disabilities. The HWNS facilities are located in ACT, Queensland and NSW. These facilities supply a diverse scope of services and supports to a population of three thousand physically challenged people who possess disabilities. . One years and three months ago, in July 2013, the National Disability Insurance System initiated pilot programs and continued expansion with the pilot program until July 2014. The comprehensive implementation of the plan will not be in effect for another four years. This initiative is a primary social reform that is intended to be one of the ...

JetBlue Airways Corporation is an American airline which provides low cost, but high quality services by imposing advance technology and effective customer service. The airline was founded in 1998 and is headquartered in Long Island City nearer to New York City (JetBlue Airways). The fundamental business strategy is cost leadership and differentiation. JetBlue Airways has aggressively cut down the cost without neglecting the quality and comforts that customers want. Company aimed to develop efficient cost structure which supported low fare rates with standard quality services. The fares offered by company are almost 50% lower than other airlines. For ...

Integrated case analysis

Introduction Strategic management refers to the ability of managers to execute a collection of strategic policies in order to outsmart their rivals in the regional and global market. It is an intellectual approach by the management where they review their current performance and devise strategies to improve on effectiveness and profitability to seize competitive advantage over their rivals. Ford motor company has had a series of ups and downs in the automotive industry due to advanced technology and increased competition. The situation has prompted the management to review its strategic plan with intent to regain its market share and retain a strong ...

Introduction. Managers and business owners do not need to be compensation experts, but they do need to have basic understanding of the subject matter. They also need to employ the expertise of a HR manager who can create a compensation package that has elements of value for both the company and employees, as well as compelling to those receiving it. Compensation is the reward employees receive for the work they have completed for the company they are employed to, it generally comprises of base pay, benefits and in some companies variable pay. Base pay or salary is monies earned over a specific ...

Organizations in the world today focus at ensuring that its employees enjoy the working environment. As the organization grows, the possibility of having elder-care and child-care issues grow. As the committee to look into these issues, there are various questions that will help in accessing and developing the best strategy to include the benefits into the current compensation package. The question that the committee will have to answer will assist in ensuring that the perfect strategy is developed (Bhattacharya & Sengupta, 2009). One of the questions is how much the elder-care does, and child-care benefits cost the organization? The cost ...

Introduction

All businesses have a compensation and benefits plan in which to satisfy the employee to create productivity. Compensation and benefits plans require to be tied to an organization’s planned mission and should take their direction from that mission (Hansen, 2009). Since compensation and benefits are the significant part of HRM in most of the organizations, compensation and benefits education reflect many concepts and practices are pertaining to HRM. Human Resources perform do not function in parts. They need to be logical, planned and strategic in the situation of the bigger business of, which they are a part. Any person in ...

- Ayala Land, Inc. Company Description Ayala Land, Inc. (or ALI for short) is the largest property developer in the Philippines. It is a fully integrated corporation that performs master-planning and development roles for mixed-use developments that include residential, retail, commercial, and hotel among others. ALI was incorporated in 1988 and offered shares to the public in 1991(the company was listed in the Philippine Stock Exchange or PS) in that year). Since then, ALI has been the leader in strategic land bank management, in development of properties for residential, retail, commercial and other corporate uses, and has developed a ...

Affiliated School;

Hypothesis; Management motivation has a positive impact on staff retention in a workplace Abstract Employee productivity, need to learn and eventually the time period that he stays in a particular workplace is determined by the environment in which he is exposed to. Naturally employees have a need to feel motivated and challenged; however when these two factors are absent, employees end up leaving the company (Chandrasekar. 2011). It is the role of management to ensure that employees are constantly motivated it can be by challenging them, increasing their salaries or increase in the roles that the employee plays. This gives the ...

Abstract

Engagement is a fulfilling job related state of mind that makes employees feel connected with their workplace on an emotional level. The key drivers of workplace engagement for employees include career opportunities, communication, brand alignment, recognition and appreciation, compensation and workplace relationships. Highly engaged employees are beneficial to the growth of business because they add to the innovation and overall profitability of the organization. They promote customer loyalty, employee retention, growth of revenues and higher profitability. However, engaged employees might turn disengaged if they are overburdened with mounting work pressure and stress. In the competition to retain and attract best ...

Abstract

A lot of effort has gone into research in the field of marketing. There are numerous scholarly and peer-reviewed articles available in the print and electronic media today. What makes this paper so interesting is that it juxtaposes a number of papers written by eminent personalities who have contributed to making our understanding of the subject more reasonable. On the question of who would be a better professional sales person, Barrows (2007) talks about the dynamic market forces such as global competition, changing customer expectations, and new communication technology necessitating the need for a more knowledgeable person, while Ichniowski et al. (1996), ...

On September 17th, 2011, a group of local organizers, students and activists gathered in Zuccotti Park in Manhattan, the New York City’s financial district in protest against corporate greed and government exploitation that contributed to the global economic meltdown. This international protest movement was called Occupy Wall Street (OWS) which expresses concerns on moral and economic issues such as social injustice, income inequality and disparity, corruption, greed and the influence of corporations on politics.

Moral and Economic Implications

The movement’s moral implication is to fight against oppression and unfair economic system urging the government to focus its concern for the 99% who ...

Part I Key concepts of the article: How to Fix Executive Compensation, by Alex Edmunds

The article centres on the concept of managerial control at the executive level. The author begins by noting the fact that managers at the executive level deserve to be compensated. Through this, the author shows his appreciation of the role of compensation in employment circles. However, the author cautions that the centrality of compensation in terms of the send of packages or retirement perks should be appreciative of the long and short term interests of the company. In that vein, the author suggest that firms should leverage on the compensation package to the executives for purposes of demonstrating lessons ...

Introduction

Morgan’s images of organization (1998) are popular diagnostic tools in the field of management as they allow for an organization to be viewed from different perspectives. In turn, this allows for a more holistic view of the organization and a better understanding of the situation being diagnosed. This paper uses Morgan’s metaphors of organization in diagnosing an employee motivation problem at Accenture. This paper also presents a critical evaluation of the diagnostic reading, as well as recommendations with regards to the possible alternatives and solutions.

Company Overview

Accenture is “a global management consulting, technology services and outsourcing company” (Accenture, 2013). Accenture is ...

Introduction

The following are interviews aimed at establishing the pros, as well as cons of having certain types of jobs in a company. As such, the assessment will help identify whether the field whose professions will be interviewed are worth pursuing. Three professions will be identified. They will include; a salesman, a financial accountant, and an IT technician.

Personal Information

Business Address P.O Box 275-20394 Street Address 3700 California St, San Francisco, CA 94118 City Belmont . State California Zip Code LOS ANGELES CA 90087

Business Email: Business PhoneNumber: 1-877-242-1728

What sort of things do you do on a daily basis? Each day, I must ensure that the assigned territory is ...

ARISE is a spa which provides services to its clients by mainly focussing on the health benefits including fitness, well being and spa treatment. It was founded by Kirsten Chambers, who successfully ran the firm ABOARD before selling it in the year 2007, who mainly focussed on clients who aspired to experience luxurious destination spas but had little time to spare on spa holidays.

Twyla Thompson was the Vice President – Business Operations and was overall responsible for running the business. The spa was struggling to meet the ever expensive costs and one of the main problems was the high attrition ...

Management

ARISE: A destination for a day spa ARISE is a spa which provides services to its clients by mainly focussing on the health benefits including fitness, well being and spa treatment. It was founded by Kirsten Chambers, who successfully ran the firm ABOARD before selling it in the year 2007, who mainly focussed on clients who aspired to experience luxurious destination spas but had little time to spare on spa holidays. Twyla Thompson was the Vice President – Business Operations and was overall responsible for running the business. The spa was struggling to meet the ever expensive costs and one ...

This outlines the sales strategy for a Caterpillar Diesel Generator 4.4MW 2009 QX4400 to be sold to Del Monte Inc. Over the last 5 years, I have been involved in procuring Diesel generators to major companies and this was the major reason that led me to be included in the sales process. Efforts to procure a Diesel generator for the company have been futile despite involving experienced sales representatives and key management officials. In this report, theoretical approaches proposed by Derek Gatehouse are used to outline the sales process and other strategic sales tools as employed in the sales process. The ...

Compensation & Benefits Management

Compensation and benefits system often becomes a crucial element for the company’s competitiveness in the market. Compensation can be defined as the combination of the indirect and direct payments, which aim to motivate people to join the company and to stay there, contributing to the achievement of organizational objectives. Its impact on the organizational effectiveness is not limited by the productivity increase only. Effective compensation system, which is aligned with the overall company strategy and vision, reinforces the understanding of company objectives and helps all people in the organization to understand what they need to achieve and what the ...