Essays on Tui

Introduction

An ideal organization reaps the best productivity out of it human capital by rewarding the right people at right time with right amounts and right reasons. Most of the organizations in the world have some sort of Reward philosophy although some do not articulate it as a guiding principle while others have them linked to their goals (Armstrong, 2012). There are different approaches to the development of the total rewards programs and the prevalent variable pay systems which help in devising adequate employee motivation strategies that boost the organizational productivity(Armstrong, 2012). However, in case of organizations facing a ...

Market-based compensation program is much greater than the structure of a wage range. In general terms, it is an overall compensation concept driven on the present market value situations for attracting preferred talent (Armstrong, 2012). Other primary considerations that propel market compensation strategies incorporate:

Competition

Understanding competitors pay practices remain a major consideration when identifying market value for task. Moreover, they determine whether they match, lead or lag the market in their overall remuneration practices (Boeri, 2015). Firms such as Facebook, PayPal, Google, Apple, Twitter, and LinkedIn are recognized for their market-prominent reward program, although how each get there varies. ...

1. Company Profile

Thomas Cook Group Plc operates within the tourism and travel industry. The Company owns, operates and manages travel agencies, tour operators and car hire agencies, as well as owning their own aircraft fleet, cruise ships and resort properties. Thomas Cook is known as one of the largest travel companies in Europe.

2. Financial Analysis

The Thomas Cook Group has reported a robust set of results for the 2009 and 2010 financial years despite the uncertain economic environment and the significant adverse impact of a weak sterling pound. Thomas Cook‘s revenue for the year decreased by4% to £8,890million (5% deduction at constant currency).

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