Essays on Compensation

We have to note the shape of distribution of the data of 25 highest paid women.

We start from descriptive statistics and frequency distribution table. Minitab 16 Statistical Software is used.

Descriptive Statistics: Compensation ($ million)

Variable N N* Mean SE Mean StDev Minimum Q1 Median
Compensation ($ million) 25 0 13,85 1,44 7,19 8,90 10,05 11,60
Variable Q3 Maximum
Compensation ($ million) 14,85 38,60
Tally for Discrete Variables: Compensation ($ million)
Compensation
($ million) Count

8,9 2

9,1 1
9,4 1
9,6 1
10,0 1
10,1 2
10,5 1
11,0 1
11,1 1
11,5 1
11,6 1
11,8 1
11,9 1
12,4 1
12, Continue reading...

Introduction

Critics of executive compensation have brought up several controversies. Any individual involved with regular executive compensation such as CEOs and human resource heads should be in a position of answering any controversy-related questions, thoughtfully and knowledgeably. Organizations approach the executive compensation decisions in their own ways, in relation to the organization’s circumstances, beliefs and values. CEOs and trustees make decisions that they think are most appropriate for their organizations (Fuchita; et al. 2010). Trustees have the onus of governing executive compensation with the aim of making sure the decisions made are wise through community leaders that are well Continue reading...

Introduction

People engage themselves into employment in order to get compensation in monetary terms, and other benefits that come along with employment. Every organization aims at employing the most qualified employees creating a stiff competition in the corporate world. In addition, any employee would like to achieve higher levels of qualification in their careers in order to attract the attention of best paying companies. Human resource management is a global recognized part necessary in running of any organization. Compensation forms one of the most essential human resource tools used by companies in an effort to manage their employees. Compensation system Continue reading...

Introduction

Workers' compensation is a state-mandated insurance program providing compensation and medical benefits to employees who have been injured or disabled during the course of work at the place of employment. In exchange for the compensation, the employees need to relinquish their right to sue their employers for negligence or for the damages caused by the injury (CULS, 2014). Workers' compensation laws also provide monetary benefits to the dependents of those workers who have died due to work-related accidents or injuries. Though the workers' compensation programs vary among states and jurisdictions, the common provisions include wage replacement monetary benefits in Continue reading...

When a breach of contract occurs, there must be a remedy of damages. This is the payment in one form or the other for a breach of contract by the breaching party, to the non-breaching party. There are various kinds of remedies, which include; Compensatory damages, Punitive damages, and Liquidated damages. In the law of contract, when a breach of contract occurs, the non-breaching party has to do all he/she can in order to minimize, the damages caused by the breach (Calamari and Perillo 45). However, some contracts contain provisions that specify a certain sum of money that is Continue reading...

Every country has different restrictions on termination. The restrictions on termination in United States and Canada vary from European countries. In Netherlands, before the company will actually fire an employee it will go through different stages and the Dismissal Authority is involved in the process. The role of the Dismissal Authority is a quasi-governmental group in position of the rights of the employees. There are agreements imposed when Dutch company fires a permanent employee without any cause; parties should agree on a voluntary severance package payment or visit the Dismissal Authority. The Dutch Cantonal Court Formula determines the severance Continue reading...

The Performance based compensation system in the education sector has been a major issue based on the complexity of the issues and factors involved. Currently, there has been pressure in the education sector that compensation should be based on performance-which encompasses substituting a teacher’s pay or awarding bonuses based on student test scores, or the class performance. However, research and experience indicate that such schemes may have diverse implications on the general education. On this note, numerous researchers have deduced reasons as to why the education sector needs such reforms. According to Springer (2009), there is exceedingly visible Continue reading...

In the past few decades, the debate regarding payment for college athletes has become a pressing issue for higher education, necessitating a deeper look into the consequences of paying college athletes such high amounts for their playing. Some argue that the emphasis on athletics in the higher education experience has left other departments hurting for funds, leaving the budget for actual academics lower while athletes are allowed to focus on sports instead of learning. However, the purpose of this research paper is to argue that college athletes’ current high compensation is justified, due to the profits that schools bring Continue reading...

According to Internal Revenue Code (IRC), a number of factors are used to determine whether the compensation is reasonable or unreasonable. Some of the factors are; the first is the qualification of the employee. Second are the scope, nature, and extent of employees work, third is the complexity and size of the firm and fourth is general economic status (Kenneth 356). The relationship between the employee and the firm is also need to be known to establish any form of disguise. For compensation to be considered reasonable there must be test on the amount being paid. Amount to be Continue reading...

[University Affiliation]

Changes in the system of staff compensation for attaining continuous growth and achievement at Phoeba Putney Hospital

In order to bring about continuous and competitive growth in organizations, changes in the human resource strategies are inevitable as they form the key players for enhancing organizational capability and service excellence. Employee compensation forms a decisive factor in establishing proper associations at workplaces and so compensation has to be made competitive and variably linked to performances in order to enhance individual performances. As administrator of the Phoeba Putney Hospital, the following changes in staff compensation would be made for ensuring continuous growth and achievement at the organization.
Need for changes in staff compensation: Compensation, from the Continue reading...

A journal article by Newman and Fisher entitled “Strategic Impact Merit Pay” was published in Compensation & Benefits Review in 1992. The authors devised an alternative approach to the pay for performance system called Strategic Impact Merit Pay (SIMP) in which employee behavior is considered in the calculation of compensation. The abstract is brief and concise, adequately presenting the argument of the paper.
The objective of the article was not clearly stated although it criticizes traditional merit pay systems to provide rationale for the creation of SIMP. A number of advantages of a SIMP plan were listed such as requisition Continue reading...

Google’s employee Compensation strategy

Companies could be defined as entities that struggle to make profit, and these entities comprise of several different components including shareholders as the owners, directors as the managers, and the third most integral part; their employees who are basically responsible for the transition of inputs into outputs. Another term that is important to grasp before we proceed is a company’s compensation strategy. For a company to run at maximum possible efficiency, it is very important that the employees are highly motivated and loyal to their work and their company, and in order to achieve this aspiration, companies often Continue reading...

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 Continue reading...

The bank of America values its employees and for this reason it has a well-developed compensation and benefits programs that seek to motivate the staff members. This includes life management, retirement, time away, flexible time, employee banking and investment as well as health and insurance benefits. The company offers a comprehensive healthcare benefit to its employees that cater for medical cases, dental health and vision. The medical program allows screening of workers and covers lifestyle coaching to ensure that employees are able to detect diseases early. This is a significant boost to the overall performance of the employees at Continue reading...

The spread sheet showing the compensation of Marine Corp E-4 Corporal contains the base salary, time off pay, disability pay, pension, social security and health care. In total there are six salary and benefit components. The compensation scheme does not include many benefits that are available in other job categories. The base pay stands at $ 25,923, time off allowance is $3150, disability allowance is $233, pension is $1930 and health care is $6592. The total as displayed in the spread sheet stands at $ 48,936(International Business Machines Corporation. 2014).
The compensation scheme is not satisfactory because it Continue reading...

[First Last Name]

English [Number]

[Date Month Year]

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 Continue reading...

It is commonly known that the money in hand today is more worth than the money of same amount in future. This idea is based on earning potential. This principle says that the money can earn interest and gradually can grow. Everyone knows the fact that the money deposited in bank account will earn interest. The time value of the money is a priori principle that a fixed amount of the money that is accessible today is more costly than the same amount of near future. This principle can be generalized for the economic resources available by social contract. Continue reading...

For big corporations, hiring consultants and executive officers appear to be a common practice. In this article, we will discuss whether these two practices are indeed necessary in order for a business to have sustainable bursts in growth or if they are just nothing but mere expenses that can be removed from the budget statement. The issue whether it is really needed and ethical for executive officers of a company to consult a financial consultant whenever they think they should receive a pay raise continues to spark debates in different corporate sectors.
The truth is that the executive officers Continue reading...

RE:

FACTS:

Carla is an engineer working for Synder Corporation, and she travels a lot for business purposes. The last business trip was to Indianapolis where she lost her emerald bracelet in a hotel room where she had been accommodated. The bracelet was lost in a mysterious way in that Carla was sure that she had packed the bracelet and saw it in the jewelry box as she was unpacking her clothes on her arrival at the hotel on Sunday afternoon. She found out that the bracelet was missing in the morning of the next day and reported to the Continue reading...

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. Continue reading...

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 the Continue reading...

Business Law Case Study

Issue
Was the appellant to compensation from the year 2009 up to 2011?
Rule
Oklahoma law provide for compensation but factors such as waiver and laches can defeat compensation claims .In this case, the appellant waived this right by prohibiting the appellant from exercising his parental duties over the child.

Application

In deciding this case, the court addressed two issues. The act of remitting of maintenance by the appellee. The court noted that the appellant paid the maintenance for the child from the year 2002 to the 2009 despite the appellant claiming that there was no child during their marriage Continue reading...

Human Resource Director

Job Description of Human Resource Director
Human resource director plans, designs, as well as executes human resources policies and programs for compensation, benefits, health and safety, staffing, training, and employee relations. The position needs a bachelor’s degree within related fields; moreover, at least seven years of work experience within the human resources management field. Human resource director requires a broad degree of latitude and creativity. The candidate must be familiar with practices, procedures, and concepts of the field. Depends on experience as well as judgment to plan as well as accomplish objectives. Human resource director executes numerous tasks Continue reading...

The data analysis to be conducted in this paper will mainly involve using data from the yearly government finance in Palestine for 2010-2013. The data set contains the revenues and expenses of the Palestinian government. It also contains data on transactions in nonfinancial assets, net acquisition of financial assets and net incurrence of financial liability. The aim or conducting the data analysis is study the relationship between the revenue received by the government and the expenses it undergoes. The variables selected for the analysis are taxes and compensation of employees. The main hypothesis of the study is that an Continue reading...

Compensating the employees is an important tool by which managers can influence the efficiency of a business activity. In management literature and in practice as well, a number of terms are used, such as: compensation, reward, salary, wage, payment, bonuses, incentives, commissions or indemnities.
In accordance to Dessler (2008), through the concept of compensation, one must understand that it is everything that an employee receives in return for their work from the institution where they are employed. Compensation is represented by the total financial and material income an employee receives , a systematic approach to provide monetary value in exchange Continue reading...

There is a hot debate going round in a number of colleges in North America especially United States of America over college athletes’ pay. Some argue that college students who participate in sports deserve compensation while others are opposed to this idea. The main argument behind the opposition is the fact that college sportsmen are amateurs and not professionals (Mitchell, & Horace, 8). There is growing discontent among college athletes most of who feel their institutions take advantage of amateurism. As many people suggest that college athletes deserve pay, others still hold that situation should remain. The National College Athletic Continue reading...

Introduction

Many Africans and descendants of slaves have been demanding for compensation for years. However, Americans claim that they are not liable for their forefathers’ mistakes. The westerners also believe that the Africans were also involved in the trade; thus, they are also to be blamed. There are many questions asked whether it is a realistic approach for USA and Europeans to compensate Africans for their human suffering or whether it is a complete waste of time.
There is no enough money or wealth that can compensate the injustices that were done to African slaves. There is no amount of Continue reading...

Being a human resource specialist, we are confronted with several issues relating to the employee compensation form different employers in different organizations. Some of the employers do not seem to understand the labor laws that stipulate on the remuneration of the employees. Being a federal contractor with an average of 200 employees, Biotech management need to understand the compensation plans with regard to their plans. There are regulations stipulated in the constitution that must be followed to the letter when compensating the employees (Jackson, et el 2012). The compensation should be based on the amount of work done, therefore, Continue reading...

The growing plethora on the debate regarding the act of compensating collegiate student athletes has interest not only sports aficionados, the academe but the society in general. Many people question the practice as somewhat inappropriate and a precursor to encouraging the youth to lose focus on their academics and their primary purpose for education. Many believe that students are being lured to participate in sports because of the financial reward that they can get from becoming a student athlete. Thus, students’ priorities are divided because of this practice. In addition, many assumes that when a student deemed that the Continue reading...

Marriott Corporate

Introduction
Marriott corporate is the leading company in the global hotel and lodging industry. It has its humble beginnings in a root beer franchise formed by J. Willard and Alice Marriott in 1927. The franchise slowly opened inns and acquired hotels over the years to form the Marriott Corporation. Some of the acquired hotels include the Ritz-Carlton Hotel and Renaissance Hotel. The owners established Marriott International as a derivative of the corporation, whose role was to manage and franchise hotels. Its headquarters is in Bethesda, USA. The corporation boasts 18 global brands sold in more than 72 countries. In Continue reading...

Google, Inc. (NASDAQ: GOOG) is a publicly traded American multinational company, which has carved out a niche for itself in the provision of internet-related products and services. These products and services include: internet search, software, cloud computing, and advertising technologies. The company’s major profits come from the advertising revenues generated by AdWords, its pioneer advertising technology. Google, Inc. was founded by two computer experts, Larry Page and Sergey Brin, in 1998 while they were both pursuing Masters degrees at Stanford University. The company’s compensation strategy is focused on creating the best form of motivation for its employees Continue reading...

Executive Summary:

The customers, Mr. Shelton and his wife, are deeply dissatisfied with the way Presto Cleaners have treated them. On July 28th, Mr. Shelton was asked to fill out a preference card on the new computerized system, and select a new identification number. Once he had done that, and he was told that all he would have to do is drop his clothes in a bag and leave them at the store. The computerized system would take care of the rest. Similarly, while picking up Mr. Shelton would just pick up the laundry and pay. However, when Mrs. Shelton went Continue reading...

Introduction

An organization’s overall competitive strategy can be improved through several means. One such method is through innovations. The 21st century has witnessed competition for human resource that has proved to be a crucial factor of production. This paper will address a number of issues related to new and improved rewards at work
1. Determine how innovations in employee benefits can improve the overall competitive compensation strategy of the organization.
Employee benefits innovations have the ability to improve can improve organizations the overall competitive compensation strategy. Employees are always motivated by a program that aims to reward them in Continue reading...

Introduction

In an organization’ operations, remunerations remains a critical part of the budget. However, the speedy update of the modern world, the traditional remuneration and its management is increasingly facing challenges in both public and private sectors owing to the business and economic circumstances. In that respect, there are many challenges that could affect an organization’s performance and even possible result to existential threats. Thus, the cash reward that had been the focus of the reward system is losing its importance. In addition, the modern reward management breaks from money and substance as an indication that some nonmonetary compensation Continue reading...

Introduction

Reparation has been a bone of contention posing challenge to many including the gurus. To unravel this puzzle critical and creative thinking are necessary. Discrimination and maltreatment were incessant practices in the United States of America. These uncouth and heinous deeds led to misery of an enormous demography in the country that was innocent. During the World War II, this act of injustice was directed to the Japanese in the state who were held in confinement. The U.S congress was repentant in the year 1988 and appealed to offer the public apology accompanied with compensation fee. Based on my Continue reading...

Introduction

The United States Department of Labor website provides full information about current regulations existing in the labor industry. This website is an important resource for all employees because it avails a host of information that regulate their daily activities. The website shows the employee benefits stipulated by the federal government and also directs employers on how they are supposed to treat and remunerate their employees.

Question 1

This website has several features that can be used in monitoring the benefits of employees. First of all, it provides the guidelines on the standard wages to be paid to employees as set in Continue reading...

The U.S. Medical Liability System: A Reflection Paper

The medical liability system of the United States is said to be in a state of crisis. Doctors are getting deterrence from proceeding with important medical procedures as well as practicing in some states due to threats of lawsuits against them. In relation to the determent of the doctors, the American medical liability system is said to have two principal objectives which are as follows: to compensate patients who are victims of medical malpractice and to deter the medical practitioners from doing their job negligently. The compensatory function of this medical Continue reading...

James Utility (JU): I call to order the annual shareholders meeting at the headquarters of Chevron incorporation in San Ramon, California. The meeting begins at 8.00 am on October 3, 2014.
Stephen: I conducted a roll call where James Utility CEO, Maggie Tarian (MG) Chief Financial Officer, Moses Critic (MC) Risk officer, Mary Libertarian, Public Relations Officer, and I Stephen, secretary, are present. I opened the meeting with the issues concerning the longstanding legal battle of the corporation with the indigenous Ecuadorians since the previous minutes had already been confirmed. Remember, you all remember the series of disagreements Continue reading...

Business

Damages refer to monetary compensation and are a basic remedy in the common law offered by the court to compensate the plaintiff for the loss that he or she has suffered due to a contract breach. They may be grouped as either nominal or substantial. Nominal damages are an amount offered by the court in a bid to show that a party’s rights have been violated but there was no loss as a result of the breach. On the other hand, substantial damages are an amount awarded by the court as the actual loss suffered as a result Continue reading...

Within Plastec Company, there was registered a high rate of turnover in the production line, especially among women and minorities, which indicated an informal organizational behavior that influenced the former employees to resign. The informal organizational behavior was based on gendered or racist jokes and biased remarks upon these vulnerable groups. In addition to this reason for the high turnover at Plastec, employees also left the company because they felt that the benefits that they received inside this organization were lower than in other companies activating in the same area. These problems require a strategic compensation intervention, needed for Continue reading...