employee benefits and compensation package for the post of a secretary for Guardian, hired by the firm's Human esources department. This package will incorporate particulars such as whether the employee will be non-exempt or exempt, and handling of overtime. Government regulations will also be discussed.
As firms are continually faced with growing pressure from competition, they strive to do more using fewer resources, and also strive to do this with improved quality. As sales volume, quality, innovation, and profit goals are increased, growth of employment is generally controlled tightly, and substantial employment slashes are made in many instances (Gerhart et al., 1995). In order to achieve more using fewer employees, effective human resource management (HM) is required. Typically, employee compensation structure contributes greatly in efforts for better management of human resources.
Employee compensation is such a major contributor as it lies at the core of the employment relationship, and is…… [Read More]
Funds will be managed by Prudential Financial Services for maximum benefit to the employee (Prudential.com). Prudential offers a number of retirement products for employees to choose from and they have a proven track record for positive fund management.
In order to encourage long-term employment with the company, employees will not be fully vested in their contributions until they have been with the company for a full five years. The percentage of investiture will increase by 20% every year until the employee has reached the five-year mark. The amounts reflected in the represent the scenario where every employee is fully vested, with the company responsible for covering the entire amount.
Employees will be encouraged to begin aggressively saving for their retirement early. If employees in the investment age group contribute their maximum and the company must match its 5% then the contribution amount would be $74,937. This amount must set aside…… [Read More]
Employee Compensation and Benefits Package edesign Project
Project management can be one of the most difficult positions, especially when the project is not going as expected. In the redesign of the employee compensation and benefits package several issues have developed. The project is six weeks behind, team members are becoming discouraged, and one particular key member is consistently late with deadlines. In addition to these difficulties, the budget has been depleted quicker than expected. The following addresses actions that need to be taken in order to resolve the situation and get the project back on track.
From the beginning, it would be easy to place the blame on the underperforming team member and eliminate them. However, it is likely that the issue is much deeper and more difficult to resolve than this. Of course, the underperforming employee is the first issue that needs to be addressed. The best resolution…… [Read More]
Human esource Competitive Strategy involves development of policies that favor a better environment for the biggest resource of any company, human capital. One such example is providing a flexible work schedule for employees that demand it. Increased flexibility is a commonly used competitive strategy to retain employees due to increased work satisfaction (Jackson, Schuler, & Jiang, 2014). While companies favor policies that enable innovation and communication, flexibility is increasingly a requirement for some employees making it a key aspect of human resource management to consider. Another key aspect of a competitive strategy is development of a comprehensive compensation and benefits package.
According to Bureau of Labor Statistics (BLS), an administrative assistant working within the industry of 'Management of Companies and Enterprises' earn on average, $60,320 or $29.00/hour (BLS, 2017). Although another page of the BLS site points to the average salary of a secretary or administrative assistant being $36,000 or…… [Read More]
H professional can use in order to determine incentive pay within the workplace is connecting incentive pay with the performance of the employees. Setting up benchmarks helps the organization assess performance in the employees. If an employee's performance exceeds the placed benchmark, then that employee receives additional pay or incentive pay. Providing incentives to the employees allows for potentially higher sales and/or productivity as employees know where to rise up to in order to gain that particular incentive (Boyer, 2011, p. 285).
A simple example of this is setting up a sales goal and having sales associates receive a $100 bonus if they reach the sales goals for that month, or even doubling commission for anything sold past the sales goal amount. That way hard work is rewarded and the company gets more sales done each month. The goals can also be adjusted according to the skill level of the…… [Read More]
business has a robust benefits package, this can enable the hiring of talented employees and help retain high quality employees already hired. However, the expense made by maintaining a good benefits package can take a toll, especially as the costs rise each year. With proper planning and knowledge, a business can generate a win-win scenario for the employees and the business. There are several ways both in the long-term and short-term that a company can reduce costs while also maintain an attractive benefits package.
The first step is a long-term decision and that is tailoring benefits to the specific industry the business is about. It would be an error to choose a benefits provider that delivers substandard benefits or one that lacks expected ancillary benefits. A company must make an important discrepancy among benefits providers and whether their rates are based on demographics of a specific company or previous experiences…… [Read More]
Many of today's workers are experiencing great difficulty trying to juggle both work and family responsibilities. Because so many employees are single parents or members of dual-income families, often there is no one available at home during working hours to care for the family. Therefore, a number of companies have begun to institute work and family programs as part of a "totally integrated employee benefits system" in an effort to help employees cope with these problems. Examples of such programs are as follows: The Los Angeles Department of Water and Power instituted the following programs:* reduced cost for child care* care for mildly ill children* parenting support groups* a "beeper-alert" program (in which employees are loaned beepers when they have an imminent family emergency) J Nabisco has a time-off program in which parents can take time off to accompany their children on the first day of school or to attend…… [Read More]
Company's Compensation And Benefit Package
A number of factors determine how a company compensates its employees. These factors may include economics, psychology and even sociology. To an economist compensation is viewed as a labor market determinant (Filer, Hammermesh, & ees, 1996). As a human resource manager for Vanguard Industries I have been entrusted with the responsibility of explaining to the Chief Executive Officer (CEO) that guided my development of the company's compensation and benefit plan. I will specify economic factors I considered while coming up with the company's compensation and benefit packages, the manner in which they do so and the relative and absolute importance of each. Before coming up with a compensation and benefit scheme, it is imperative that matters pertaining employees' skill level, age, gender and minority and majority status are factored as they affect an individual's reward preferences and their view on what they contribute to an…… [Read More]
The 8'X16' units are, for example, both upscale and practical. The interiors are pristine white, with lighted entrances. The units also include air conditioning or heating, according to the demands of the season. There is fluorescent lighting, flushable toilets, non-potable fresh water sinks and skylights. Maximum privacy is ensured by fully enclosed stalls, while soap dispensers and paper towel holders are included. Women's Accommodations include three stalls and one sink, while Men's Accommodations include one stall, three urinals, and one sink.
The 8'X30' Deluxe spares nothing in terms of quality, including sophisticated units of luxury restrooms, shiny black sinks, black urinals, and black toilets, along with other luxury elements such as and AM/FM stereo system, runners, and rugs. Women's Accommodations include five stalls and two sinks, while Men's Accommodations include two stalls, two urinals and two sinks.
Service Recovery and Guarantees
Indy Portable Toilets guarantees customers satisfaction in terms of…… [Read More]
smaller company offer competitive benefit packages employees competing talent large corporations? FYI - School text book The Handbook Employee Benefits, Seventh Edition Jerry S.
Competitiveness of employee benefits in small size enterprises
The global economy is still striving to overcome the tremendous pressures of the economic recession that began in 2007 in the American real estate sector and soon expanded to the rest of the sectors, as well as the rest of the countries. The means in which each country or sector overcome the recession differ from one region to the other and the differences are due to elements such as fiscal policies, strength of the economic sector or the threshold for risk. Generically, more protective countries have proven better able to overcome the threats of the crisis (Bernitz and inge, 2010).
Despite the domestic particularities of each region, fact remains that overcoming the crisis should be a global effort…… [Read More]
What are some of the key issues facing businesses today in terms of continuing to offer a competitive benefits package?
Health care has emerged as one of the most important issues in contemporary American business in relation to competitive benefits packages. That is because under the current health care framework in the U.S., employer health care plans are the most common source of health insurance access (eid, 2009). Before the enactment of the Affordable Care Act (ACA), only businesses employing at least 50 employees were required by law to provide group health insurance to their employees. That meant that smaller companies often were at a competitive disadvantage in attracting the best talent because employees value health insurance so much. Since the enactment of the ACA, smaller companies will also be required to provide health insurance plans to avoid tax penalties for choosing not to do so (Pickert, 2012).…… [Read More]
Sporadic bonuses across the year also help employee performance to stay more consistent. "Set up a series of smaller rewards throughout the year to motivate ongoing performance excellence. For example, instead of an annual trip, award several three-day getaways for each quarter. Vary the basis for the awards. Top sales might be one category, but so can top research or most diligent. ecognize that several types of excellence motivate your employees to focus on additional areas of their performance" (Berkus, 2012). In this quote, Berkus, truly brings up an important point: some of the bonus methods of compensation are going to depend on the employee hired, as the most effective bonuses will be the ones that are unique to the employee. For instance, some people might just want bonuses in the form of free clothes and shoes. Other people would prefer strictly cash bonuses. There will be some exploration that…… [Read More]
Controlling Benefit Costs
One of the most serious dilemmas facing organizations today is how to maximize profits in an extremely competitive global environment. Of course, organizations need employees, and there is a cycle that has been growing over the past three decades or so in which employees and other stakeholders are expecting greater benefit packages in order to stay with their employer. The reality of 21st century organizational environments is so competitive for some positions that employers are faced with the issue of having to increase benefits or lose top employees. Governmental regulations are now encroaching into this paradigm as well, and employee costs are now almost always one of the top two expenses for the organization. For most employers, managing these costs has a direct relationship to profitability, the ability to remain competitive in the marketplace and even new business development. However, over the last few years these benefit…… [Read More]
Wal-Mart is also deemed to be a company that greatly mistreats and discriminates against its employees but there has apparently been no reliable empirical data to back that up (Van iper, 2008).
The article concludes by conceding to some Wal-Mart critics. First, Wal-Mart cites Ohio University professor ichard Vedder, who points out that Bureau of Labor Statistics Data holds that Wal-Mart's wage structure lags behind the retail sector as a whole (Van iper, 2008)
elative to what Wal-Mart pays its employee and the benefits they bestow, a third source was widely condemnatory of Wal-Mart and insisted that it could and should be paying its employees more…a lot more. The average associate at Wal-Mart, per this story, makes an average of not quite twelve dollars an hour. If annualized, that would be below the United States poverty line. The story's author insists that wages and benefits are not higher simply because…… [Read More]
compensation packages and benefit plans which Adobe Systems Inc. offers to its employees against their employment services, good performance at the workplace, and as motivational techniques for their retention and encouragement. The paper also explains the advantages and disadvantages of the key components of these compensations and benefit plans and recommends strategies on how they can be improved for more effective outcomes.
Adobe Systems Inc.
Adobe Systems Incorporated is an American multinational corporation engaged in manufacturing computer software and providing digital marketing and digital media solutions to the individual and corporate clients around the Globe. Adobe Systems Inc. was founded by Charles Geschke and John Warnock in 1983. Its major software development operations are spread in the United States, Germany, Canada, India, China, Switzerland, and omania. The main products of the company include Desktop software (e.g. Adobe Acrobat eader, Adobe Flash, Adobe Photoshop, Fireworks, Adobe Premier, and Adobe Shockwave Player);…… [Read More]
Fun is Good
The Benefits of Google Inc.
The benefits and compensation system for Google Inc. is both varied and complex. It offers many options for the worker at Google Inc. And is meant to increase employee retention rates within the company. Compensation and benefits systems enable leaders to generate and maintain a chance for an effective mechanism that stimulates a culture of self-empowerment, creative modernization, and self-motivating employees. Google is among the top companies in promoting self-motivation and innovation within its employee pool leading to its continual success and high profits.
Google Inc. has become one of the top 100 companies in the world with profits increasing since its formation in 1998 and its first public offering in 2004. Ever since the mid-2000's, Google has received a steady wave of success. "Companies like Cisco Inc. And Google Inc. have structured their leadership to provide the best environment to motivate…… [Read More]
Human Resources -- Controlling Benefits Costs: Employing Contingent orkers, HRM Outsourcing
Employers have found that health insurance benefit costs are best controlled while making them attractive to current and prospective employees by offering multiple options and by encouraging/implementing the use of generic drugs. This is wise, as compensation plans directly impact strategic goal setting and achievement. The Human Resources Department spends considerable resources aiding in this process, as it directly affects talent acquisition, employee retention, job satisfaction, employee productivity and strong employer-employee relations.
Discuss How A Business Can Better Control Its Health Insurance Benefit Costs hile Still Being Able To Use The Benefit Package As A Recruitment And Retention Tool. Give Practical Examples And Bring In Real-Life Business Examples (Including Employer Names).
A business can better control health insurance benefit costs while still being able to use the benefit package as a recruitment and retention tool by implementing a voluntary…… [Read More]
According to statistics, it has been noted that the current workforce is growing more and more disloyal and dissatisfied. The companies that do not respond to the current trends will end up paying a high price later. This is because, with the improvement in the job market, these companies will end up losing key employees to their competitors, which leads to reduced employee productivity. Companies need to establish a well-designed employee compensation and benefits package in order to retain its top talent and attract others. There are numerous companies that desire to attract, retain, and motivate their employees in order to meet the company's strategic objectives. Currently, employees are considered to be part of the company's assets because they have to be effectively and efficiently managed. There are numerous instruments that companies can use to attract, retain, and motivate employees. Compensation and benefits are some of the tools that companies…… [Read More]
A total rewards package contains many different elements that are meant to compensate employees, in some way, for the time they spend on the job. Companies are unable to follow a specific plan because different industries have different needs, but every company can use a total rewards system to make sure that they have the best employees and are able to keep them. However, there are issues with this system and solutions are just beginning to come to light.
Some, even in the total rewards community, continue to believe that compensation in the form of monetary rewards and simple benefits should be enough to satisfy employees and keep them engaged. Unfortunately, this is not true. A benefits package that includes such items as a comprehensive medical plan, some type of retirement, and other monetary rewards is not enough to make productive employees out of even the best…… [Read More]
Crafting a Compensation and Benefits Plan
Fishers is a mid-sized manufacturing company out to maintain market leadership through the development and implementation of a compensation plan that meets the needs of the owners, clients, as well as employees. Compensation programs are critical to the effectiveness of the organization as they play a fundamental role in employee motivation, satisfaction, and productivity. The company seeks to achieve two crucial objectives from the implementation of this compensation and benefits plan; i) to reduce turnover, which has been an imminent problem over the last couple of years; and ii) to attract new talent, while retaining and improving the existing one.
The company is at a critical juncture; it can no longer offer the perks of a small entrepreneurial enterprise since it has exceeded the employee threshold for such categorization. Employees have been complaining over what they think is below-market compensation, and…… [Read More]
Compensation and Benefits Package for a Secretary
A pharmaceutical company has recently hired a new director for its human resource department as part of its initiatives to enhance productivity and organizational success. The company is also seeking to hire a new secretary for the H department and develop an employee compensation and benefits package for this position. This package will be utilized for the position of secretary for the H department once a suitable candidate is hired. Generally, pharmaceutical companies hire educated and highly talented individuals because of the nature of their operations, which requires high academic qualifications. In essence, the need for high academic qualifications for this industry is fueled by the fact that these professionals deal with patients whose needs are constantly evolving. The development of a suitable compensation and benefits package for a H secretary in this pharmaceutical company requires examining compensation and benefits packages in the…… [Read More]
Toyota Company is the world's largest automobile manufacturing company in the world. Similar to what their vision states about being the most respected and successful car manufacturer in the world, the company has achieved that objective. With its headquarters in Japan, the Toyota Company has several branches around the globe. It is not surprising that the company employs hundreds of thousands of employees because of its huge size. The fact that the company employs such a high number of employees also means that it equally has a responsibility to take care of that many employees to guarantee high performance. One of the most important responsibilities of any organization is to fairly remunerate its staff, if they are to ensure better results. Once an organization creates employment opportunities, it then becomes its responsibility to make sure that all the talent and work put in is adequately compensated (McHugh & Nickels, 2008).…… [Read More]
Morgan Stanley & Goldman Sachs
Employee compensations has for many years been seen as a type of job benefit package that did one of two things: either reward people for doing good work (merit) or offer them the chance to make more by coming up with creative new business ideas that made the company money (incentives) (Tropman, 2001). Now, however, the issue has changed on a number of fronts. For most companies, the development of menu-based benefit packages have allowed employees -- mostly management employees -- to basically choose from a variety of ways to be rewarded for their work. This remains the practice today for the majority of companies. But for some companies that rely on either technologically or otherwise highly competent people who can work well in a global setting, the issue becomes more about equity -- how well does what they make reflect the value of what…… [Read More]
Crafting a Compensation and Benefits Plan: Looking Ahead in the Modern Workplace
Increasingly, technologically-driven businesses have become more and more reliant upon attracting top talent to gain a competitive edge. Perhaps the most obvious example of this is the Google organization. Google’s Internet search engine is virtually synonymous with searching on the Internet itself. Google offers generous salaries and time off to its employees. It also offers many amenities, such as free food, medical care, dry-cleaning, fitness classes, and even buses from certain common location hubs in the surrounding area. This enable employees to remain focused on work as well as removes many of the inconveniences of modern life (Cain, 2017). To reduce stress levels about balancing personal and professional lives, Google even offers the option of allowing employees to bring pets to work and daycare (Cain, 2017).
Amazon has been taking the lead from Google, also offering catered lunches,…… [Read More]
Golf Course Designer
Golf has grown to be one of the most recreational and enjoyed activities in the United States. Even with all of the golf courses out there, new ones are designed, created and sculpted every day. Indeed, all of the populated continents and most of the countries in the world have at least one golf course. Even plain and average-looking golf courses require a lot of planning, pre-design and preparation. This is where an adept gold course designer comes in and that is what Acme Golf Course Consulting Services is looking for.
Acme Golf Course Consulting Services is in need of a golf course designer that is forward thinking, able to design the golf courses that our clients dream of and desire and at a price point that is agreeable to everyone involved. Of course, no single golf course is going to be easy to design…… [Read More]
There are several issues with the current benefits plan, but first the overall benefits strategy needs to be addressed. There is ample literature to support taking a strategic HM approach, whereby the human resources management strategy closely aligns with the overall strategy of the company (Wright & Nishii, 2007). At present, there appears to be misalignment. HG Enterprises is a graphic design and photography service provider. The organizational chart indicates only two people who might be considered to be creatives, however, the design technicians. This firm is all senior management and clerical staff. How is this company even making money, when there is nobody to actually do the work they supposedly do? How are there three FTEs on the phone, not including the sales staff, and to whom are they talking? Why is a consultant being hired when there is already a VP of benefits on staff at…… [Read More]
Union Organizing Issues
hat are the differences from the employer's viewpoint, in operating a union-free environment vs. A unionized environment?
Eric Dontigney, writing in the Houston Chronicle for Demand Media, explains that while unions do provide certain benefits to employees, including legal representation and pensions, unions do not "necessarily represent a panacea to all the woes of working life" (Dontigney, 2015). Non-unionized workplaces also provide advantages to business owners as well as employees, and in fact business owners operating in non-unionized workplaces enjoy what Dontigney calls "…considerably more freedom in the dismissal process."
hen there is a union, there can be long-drawn-out formal processes involved in dismissing (firing) an employee. But without a union, Dontigney explains that business owners "avoid" those long drawn-out dismissal proceedings, and business owners can "…dismiss employees for contract violations" and owners can simply decide not to renew a worker's contract or "…simply end employment without…… [Read More]
Q2) Identify issues employers face with benefits, explain why they face them and share how to resolve them
The primary problem is the misuse and overuse of the insurance and medical programs included to the employee benefit and it opposite that it is never used. In either case the expenditure becomes wasteful. To prevent misuse there can be supervision of the accounts by the H and making annual checkups mandatory can avoid non-use. (osenbloom, 2005)
One problem is the distinguishing between the casual and regular workers and providing for different set of benefits for each. In this case there is the benefit that status differences boost employee morale but has its own drawbacks while treating casual employee rights and benefits, especially training. For a casual or part time employee training packages that suit the vocation make a great benefit and the legal implications of treating these employees differently…… [Read More]
benefit the academic researcher in his/her attempts to effectively address the field of study or hypothesis in a researched dissertation. Determining which methodology would best be used is the consideration of the researcher as the design of the study is being contemplated and then initiated. In this case, determining how, why and when employers are hiring employees with disabilities, and any accompanying economic motivators or influences come under the preview of a qualitative study and a quantitative study. In other words, a mixed research methodology might best be used in this specific case.
Qualitative research gathers data based upon the participant's thoughts, ideals, perceptions motives and beliefs. Identifying those factors comes under the preview of asking open-ended questions; questions that elicit responses from the participant's based upon the perception of the situation or scenario. The researcher wishes to determine and understand the motivating factors behind employers who hire (and don't…… [Read More]
Nursing Doctoral Business Proposal
The benefits of staffing Advanced Nurse Practitioners (ANP) as ANP Case Managers
A Nurse Practitioner (NP) is a registered nurse educated and certified to operate autonomously and collaboratively in an advanced and comprehensive medical responsibility. The practitioner has several additional roles under which they are to conduct diagnostic investigations, prescribe medications and undertake referrals to specialist clinical medications. esearch suggests that when nurses undertake prescription roles, it can result to increased efficiency, maximization of resources, and improve patient access to medicines and enable nurses to provide timely and extensive care packages (Cashin, Buckley, Newman & Dunn, 2009). In the advanced practitioner context, the roles that exist include the Clinical Nurse Specialist, the Certified Nurse Midwife, the Nurse Anesthetist and the Nurse Practitioner.
On the other hand, an Advanced egistered Nurse Practitioner (ANP) is also a registered nurse who possesses professional knowledge base, intricate decision-making skills and…… [Read More]
Organizational Behavior & Culture
Complete summary of chapter 4
The chapter illustrates that the perception process is based on stages such as stimulation, organization, registration, and interpretation. The individual's acceptance and awareness levels for ascertained stimuli play critical roles in the perception process. The authors add that receptiveness towards certain stimuli remains highly selective in limiting a person's existing personality, motivation, attitude, and beliefs. People select various stimuli that satisfy certain needs (perceptual vigilance) while disregarding stimuli causing perceptual defense (psychological anxiety).
The chapter insists that guidelines facilitate companies in improving their workplaces through the surveying content. The employees can ask questions regarding observable behavior above thoughts and motives. The concept also includes items that are verified independently. The measures also attract behavioral consideration in the recognition of the company's performance. Attitude transformation requires time, determination, and effort to achieve. It is critical to relax expectations of changing an individual's…… [Read More]
Reducing Costs and/or Increasing Dependability Through the Application of Technology
Top Priority Measure
usinesses, big or small, will not only aim at maximum profit but also at reducing costs at the highest possible levels. They logically want to use processes that will make them spend less immediately or eventually and at less effort (Gregory, 2015). The first step taken by most businesses today is the use of technology. Experience proves that businesses save on costs and improve business operations in ways unknown in the past. Technology enables them to conduct conferences, sales, payments and other functions through information technology. y using many and increasing software applications, businesses not only reduce operational and supply costs but also raise their level of dependability (Gregory).
It Pays and Saves to go Wireless
Some applications of wireless technology were developed and introduced over three decades ago (NI, 2015). Walmart was among the first t…… [Read More]
Direct Compensation and Fringe Benefits
Fringe benefits refer to those elements of the total compensation package which are apart from the monetary payment made to an employee by the employer (Schuler and Jackson, 1996). These can include "employer's contribution to social security, workers compensation, unemployment compensation, health, life and dental insurance, private pension plans and cafeteria style benefits plan. " (Brookshire and Smith, 2008 p. 69)
Unionized organizations have often been faced with the problem of choosing between fringe benefits and direct compensation. But over the years, this trend has also been witnessed in non-unionized organizations where employees demand more monetary compensation as opposed to fringe benefits believing that the latter do not matter as much as the former. This has had companies in a quandary: should they let go of fringe benefits when some employees do not seem to value them?
The answer is an emphatic" No" in my…… [Read More]
2009 timulus Package. The stimulus was $787 billion. The questions: What is the breakdown of spending allocated by state? Where did the money go?
The 2009 timulus Package
The American Recovery and Reinvestment Act of 2009, (ARRA) otherwise known as the timulus package was signed in 2009 by Obama as reaction to the recession and designed to create jobs as soon as possible and to help those hit by the recession. Other objectives were to provide temporary relief for those impacted by the recession and to create solutions for infrastructure, education, health, and 'green' energy. The approximate cost of the package at the time of passing was $787 billion. This was later revised to $831 billion between 2009 and 2019 (CBO (2012)
The timulus package was based on Keynesian economics that argued that during periods of economic hardship, the government should step in by increasing public spending which would in…… [Read More]
1 most effective recruiting incentive for executives and the No. 3 most effective recruiting incentive for managers and line workers. Plus, domestic partner benefits can improve a company's employee retention rate." In other words, it is more effective and less costly to retain an employee by offering them medical insurance for their domestic partners, instead of recruiting and hiring new employees.
Third, and probably most important, the costs of covering medical expenses for domestic partners are minimal upon the company. Several studies have revealed that offering insurance benefits for domestic partners generates cost increase for the company in the amount of one or even less per cent - less that the costs of hiring new employees or facing judiciary trials for discrimination.
The continuous changes in the American life style and family structure have led to changes in the industrial, economic and medical domains. The yesterday irrelevant number…… [Read More]
Process and Practices of Employer Offered Benefits
Employer offered benefits are often a major element of hiring packages that keep the best employees and keep the compensation packages of those employees competitive. Yet, "historically, there has been no requirement that any employer provide benefits to its employees (with the exception of statutorily required benefits such as workers compensation, disability in several states and unemployment" (Macpan Media 2012 p 3). Employers are not always forced to provide a number of the benefits that are popular within the contemporary work environment. However, in a very competitive market place, where the best employees demand higher levels of benefits, contemporary employers are finding it a necessity to include a number of benefits in order to keep their arsenal of employees beneficial to the health and productivity of the organization as a whole. From this concept, "in general, if an employer drops coverage,…… [Read More]
Organizational Benefits of Tuition eimbursement
Tuition reimbursement has been a mainstay in employee compensation packages in contemporary American professional business organizations (Compdata, 2011). Its rate has declined somewhat since the onset of the current economic recession, but continues in most organizations (Compdata, 2011). On one hand, tuition compensation has traditionally been regarded as one incentive to increase employee retention, but unless it is managed carefully, it can actually provide opportunities promoting turnover, especially in organizations where there are insufficient openings at the level of newly-graduated employees. Nevertheless, where tuition reimbursement programs are properly managed, they can provide a positive return on investment. Some of the factors that organizations should consider carefully in conjunction with tuition reimbursement programs that add value to the organization include stricter eligibility criteria and requirements that employees taking advantage of those opportunities remain with the organization for minimum employment periods following the award of their degrees…… [Read More]
Benefits are often seen as at least as or even more important than the base salary in terms of employee compensation. Furthermore, it is also important to provide employees with a sense of purpose and motivation in performing their duties.
While I would consider a slight increase in the base salary, I however feel that it is more important to include an incentive bonus for work performance. This will be calculated according to a scale of related skills and requirements of each job within the company. I will therefore focus on implementing annual work performance bonuses for employees who display excellent skills in their specific area of work. The precise requirements will be worked out with employees themselves.
I also feel that employees should receive benefits that are related to their work, such as company vehicles for personnel who travel many hours or miles during their year of work, or…… [Read More]
2.6. Sources Consulted
The list of the works assessed throughout the research of this topic is revealed in the eferences section at the end of the report. As a final statement however, it has to be recognized that the previous lines only make up for the proposal and the actual research will be more comprehensive and will even include more sources, as required by the development of the research operations.
Arabe, K.C., Green Packaging is Growing, Thomas Net, http://news.thomasnet.com/IMT/archives/2002/10/green_packaging.html last accessed on September 22, 2009
Dyer, D., Dalzell, F., Olegario, ., ising Tide: Lessons from 165 Years of Brand Building at Procter & Gamble, Harvard Business Press, 2004
Freeze, a.., the Environmental Pendulum: A Quest for the Truth about Toxic Chemicals, Human Health, and Environmental Protection, University of California Press, 2000
Jedlicka, W., Packaging Sustainability: Tools, Systems and Strategies for Innovative Package Design, John Wiley and Sons, 2008
Going…… [Read More]
Software Tools for Qualitative Research
Data Analysis Software Packages
Exploring Options for Research Software Tools
As a quick reference tool, I created a table to compare primary features of three data analysis software packages: NVivo 10, Atlas.ti 7; and HyperRESEARCH (which also includes HyperTRANSCRIBE as a separate complementary option). This information is shown in Table 1, which is provided at the end of this work.
After reviewing the software packages for data analysis, I believe that using a software package would be very helpful, supporting my research and enabling me to conduct data analysis more efficiently and effectively. My mixed methods approach in this study means that I will be managing and collecting both qualitative and quantitative data. Since all three of the data analysis software I have reviewed have the capability to analyze both qualitative and quantitative data, I will discuss each software package as it relates to my…… [Read More]
Expatriate Compensation Package
Compensation is a crucial link between strategy and its successful implementation. There is a fit between compensation and the goals for which the firm wants managers to aim. In this way employees may not feel exploited (Deresky, 2011). The employees need to perceive equity and good will in their compensation and benefits whether they are parent country nationals or host country nationals. Expatriates have to be competitively remunerated.
Compensation of expatriates whether from parent or host country calls for reconciliation of the parent and host country financial, legal, and customary practices (Deresky, 2011). To ensure that expatriates do not lose out on through their overseas assignment the balance sheet approach has to be used to equalize the standard of living between the host country and the home country and to add some compensation for inconvenience or qualitative loss. The multinational corporations have to make up additional costs…… [Read More]
New Trends in Employee Compensation and Benefits
This essay examines new trends in compensation and benefits. The essay discusses the impact of benefits offerings for both employer and employee, and reviews recent trends and discusses their significance.
Reasons for working vary from individual to individual, and compensation is usually among the most important reasons. However, many people list other factors that are almost equally important to them. These factors can range from opportunities to develop new skills, to an experiencing a sense of community, to more tangible benefits such as provisions for retirement. Currently benefits programs account for approximately one third of the average worker's total compensation, based on the size, profitability and philosophy of a particular employer. Programs that are effectively designed and promoted work to the advantage of both employers and employees (ish).
Compensation packages have changed significantly over the years. They no longer consist of a flat…… [Read More]
How Todays Managers enefit
How can managers of today's organizations benefit from an understanding of the different philosophies and observations that have been made regarding management over the years?
Over the last several years, management decisions have been increasingly brought to the forefront. Part of the reason for this, is because there have been a number of different high profile scandals involving the kinds of choices that were made. A good example of this can be seen by looking at Enron. Where, managers knowingly engaged in a variety risky projects that cost them tens of billions of dollars in losses. To hide them, they would create special purpose entities that were off the books. In the course of time, this led to the eventual accounting scandal and downfall of the company. This is significant, because it is illustrating how these types of actions of created an environment that…… [Read More]
The Benefits and Risks of the High-Protein Diet
Finding a healthy diet, achieving nutritional balancing an attaining an ideal body weight may be lifelong challenges. Myriad competing theories and philosophies drive an almost infinite range of possibilities for comporting one's consumption of calories. Among them, one that has gained increasingly popularity and scientific evaluation is the high protein diet. This nutritional strategy is based on the premise that the body is best served by a diet that is lean, low on sugars and carbohydrates but high on proteins. This is a diet that is especially preferred for individuals seeking to lose fat, to gain muscle mass or to support the greater levels of energy consumption required by regular athletic or physical activity. However, some medical debate remains about how beneficial, healthy or balanced this dietary strategy is. The article here considers some dimensions of this debate.
One of the…… [Read More]
organization's ability to recruit and retain talented employees requires ensuring employees are rewarded proportionately for their contribution towards achieving organizational goals and profitability. To achieve this, a benefits and compensation policy is developed and implemented for all workers. This company has established a compensation policy that offers a full range of conventional benefits, dental, vision and medical benefits in addition to a rewards program that offers incentives based on employees' input. However, there are numerous complaints from the workforce that these benefits do not effectively address a growing problem. To address this growing problem, it's important to develop a Benefits and Compensation plan that offer packages that correspond to the employee type, reflects the organization's culture, and is comparable to the company's competitors.
Components of the Benefits and Compensation Plan
The current benefits and compensation plan is seemingly ineffective because it does not provides benefits and compensation based on the…… [Read More]
Statistical Package for the Social Sciences
Describe ways in which MS Excel can be used by a manager of an organization as a tool for interpreting data
There are different ways in which a manager of an organization can employ MS Excel as a tool for data interpretation. One of the uses of MS Excel is collating, which encompasses collecting associated data items into a single item. The layout and formatting of the worksheet can enable the managers to perceive data sets in a structured and organized formation, which augments clarity of the data. The second benefit is processing. Excel cells can include functions, formulas as well as references to other excel cells, that permit one to glean information in prevailing data sets. Therefore, excel functions can facilitate the process of interpreting a data set in a manner that is suitable to the data itself and the system in position.…… [Read More]
Google Pay & Benefits
The author of this report has been asked to select a major company within the United States and focus on its compensation and benefits system and framework. The company selected for the purposes of this report is Google. hile Google was barely a twinkle in its founders' eyes a scant generation ago, it has grown to become a United States and international powerhouse. Indeed, they have a compensation and benefits program to match. This essay shall focus on the details and facets of that pay and benefits program. The data gleaned will emanate both from what Google itself has to say about the subject as well as what other sources have said. hile Google does not have a monopoly on offering robust pay and compensation packages, they are certainly among the elite companies within the United States and the world at large.
The first source…… [Read More]
Competitive Compensation Systems
The market for labor can be quite competitive, and it is incumbent on human resource professionals to set the market appropriately, depending on their strategy. For companies that require the best professionals in order to thrive in the marketplace, they may need to come in at the top end of the market for total compensation, whereas a company with a strategy focused on delivering cost leadership might need to pay employees at the low end. However, there are times when low pay does not make for a more efficient workforce, so it is important to understand the market for labor in a sector. As an example, Costco pays at the high end, which allows them to skim the cream of the manual retail labor pool, which in turn allows the company to deliver a higher standard of service than many competitors. Those competitors paying at the low…… [Read More]
However, as it works in foreign production markets like China, Riordan must remain conscious of its strategy capacity for output of its product and for the input of the resources required for this product. Establishing this balance means determining the pace at which the company should import and stock fan motors as these relate to peak and slow sales peariods for the seasonal product line. This is to say that at this juncture, Riordan's priorities are in an expansionist strategy whereby it must maintain a substantial stock of the necessary resources in order to attend to a long-term effective capacity. The increased output required for an expansionist strategy means that Riordan is focused today on a design capacity that is based upon the different needs reflected in different market places. In the U.S., the 7% delay on a 93% delivery proficiency means that market demand remains ahead of supply. A…… [Read More]
HIGHE SALAY vs. BETTE BENEFITS
Would you rather have better benefits and a modest salary or high salary and lower levels of benefits?
When comparing the choice of selecting better benefits and a modest salary (such as working for the government in the civil service or as a teacher) versus a high salary and few benefits (such as working as a commission salesperson), overall I would prefer to work for a higher salary. This choice suits my naturally independent personality. I would prefer to have the money to invest as I saw fit and to use it for a variety of personally fulfilling goals, such as traveling or a down payment on a house, versus having my benefits and how I should use the additional revenue dictated to me by my employer.
Of course, by taking this choice, I assume certain responsibilities for myself. I might have to buy my…… [Read More]
capital purchase, costing $5,000, company benefit . Examples include a X-ray machine, MI processor, software filing patient records, a research library, large item company . o Identify management goals expenditure support
The health care field is becoming presented with more and more pressures in today's society. There are numerous changes in the social and economic environments, which become combined to generate new pressures for the health care providers. The life expectancy of the population increases, generating increased needs for medical care for several years. Then, the Baby Boomers are retiring, causing a demanding generation, used to financial resources and access to services, to turn to the medical care sector for more services. The policies regulating the field also change as do the demands and expectations of patients.
In such a context, the health care institutions find themselves in a position in which they have to be better managed…… [Read More]
Compensation and Benefits: The Family and Medical Leave Act
The Family and Medical Leave Act (FMLA)
The FMLA came into effect on 5th August, 1993. The Wage and Hour Division of the U.S. Department of Labor (DOL) is responsible for its administration. The law covers all employees in the state, including those in the private sector and a majority of those in the congressional and federal sectors. The law entitles "eligible employees of covered employers to take up to 12 weeks of unpaid leave per year," in order to attend to specified medical and family issues (AFSCME, 2013). This could extend to 26 weeks, over the same period, in cases that involve serious illness or injury. The decision as to when the one-year period should actually begin is dependent on the employer and the policy of the organization. In the past, the FMLA has been amended a number of times…… [Read More]
What are the benefits of being a Congressional incumbent verses a challenger?
According to Marjorie Hershey (1984) Congressional incumbents have certain innate advantages over their challengers. The experience of winning elections gives an incumbent a set of developed strategies that have been successful at least once. Despite the fact that an incumbent may not fully understand the underlying reasons behind the victory, the approach has worked. The incumbent knows that the whole package has brought voter approval and in future electoral contests the candidate may use this experience to their advantage. The challenger simply does not have this reservoir of experience.
Additionally, incumbents have the advantage of more time to become familiar with their constituency, "since they receive campaign related stimuli between elections as well as during campaigns" (Hershey, p. 104). Incumbents are in constant contact with voters as well as powerful groups; however the challenger usually only…… [Read More]
Employee Health and Life Insurance Benefits
What is the footing of private businesses owned by families when confronted with the issue of providing employee health benefits while we surmount the millennium threshold? What is methodology employed for optimizing the benefits while at the same time putting a check spending on employees? In what way do they draw and prevent attrition of valuable professional in a competitive workforce market? In which way do they take the better of amendments of legal rules in competent strategies since the past several years? The appropriateness of these aspects and other issues will continue to challenge family managed business owners. Since the last several years remarkable governmental amendments have equipped the owners of family run businesses opportunities for planning that would by no means have been considered probable. There are no more restrictions on the quantity a company can make a payment for a staff…… [Read More]
H Pay Model
The author of this report has been asked to assess the chapter titles for the class text and then compare them to the pay model shown in figure two of the assignment. The aim of the assignment is to align each chapter title with the corresponding part of the pay model. There are sixteen chapters in total and four overall parts to the pay model, with the latter being alignment, competitiveness, contributors and management. The class text in question is Strategic Compensation by Martocchio. While some of the chapters in the book could technically be assigned to more than one part of the pay model, the fit between chapter and one particular part of the pay model is usually pretty clear.
The first chapter in the book is called strategic compensation. One could really assign that to contributors, competitiveness or alignment in one form or another.…… [Read More]
Utley Food Case Study
Utley Food Markets was founded in the 1930s in the St. Louis area. It grew to 86 supermarkets in the Missouri and Southern Illinois area. Up until 1948 it was a family owned company, but then sold and went public, with the Utleys moving out of managerial roles. The company is now heavily unionized, and even those employees who are not union members receiving similar salary increases as to union members. One of the largest concerns is the manner in which employees are reviewed; now typically with the supervisor answering, "how did this employee do in the past year." There is no quantitative data, dialog, supervisory committee, or employee response. This has resulted in a culture of mistrust and suspicion, with the general view that the system is unfair. hen employees complain, supervisors typically respond with a larger than average raise simply to make the concern…… [Read More]
Compensation Strategy for a Limo Service
The compensation strategy and benefits strategy for a limousine service in Austin, Texas will represent an essential component to the overall business strategy. The projected annual net revenue for the first years of the business is a negative fifty thousand dollars. Therefore any potential savings in employee compensation might represent something that could reduce this financial burden. Furthermore, any amount of compensation that would go beyond the planned amount would increase the company's loss. Creating an efficient strategy for compensation and benefits will be exceedingly important in the company's first year because it is expected to operate at a loss.
The compensation and benefits strategy will also be important because it will largely influence the quality of the candidate pool that the company will have to select its employees from. Higher wages will draw more qualified candidates and a lower compensation package might reduce…… [Read More]
Time-Outs in the Classroom
Time-Outs for Students with Emotional and Behavioral Disorders
Time-Outs for Students with Emotional and Behavioral Disorders
On the second page of a 2010 report published by the National Disabilities ights Network (NDN) called School is Not Supposed to Hurt is a picture of a 7-year-old girl who died while being restrained and secluded in a Wisconsin school. This report went on to describe the wide-spread used of restraints and seclusion by schools in the United States and its publication triggered a congressional investigation. The Government Accountability Office (GAO, 2009) published its own report a few months later, which examined 10 court cases resulting in criminal convictions, civil adjudications, or settlements. These 10 cases formed the basis for judging the veracity of hundreds of allegations of mistreatment, injuries, and death resulting from children being restrained or secluded by school personnel. Even more troubling was the…… [Read More]
Alliant Techsystems Inc. (ATK) is an aerospace and defense company. The company sells missiles, ammunition and guidance systems, almost exclusively to the United States military and allied nations. The company is headquartered in Arlington, VA, close to its biggest customer. There are 14,000 different employees at the company, which has multiple locations. ATK was founded in 1990 (Yahoo! Finance, 2013). According to the company's latest annual report, its customer base is U.S. Army (29%), U.S. Navy (13%), NASA (10%), U.S. Air Force (6), other U.S. government (9%) and then commercial and foreign customers are 33% of the company's business. The company has a contract backlog of $7.8 billion, compared with annual revenues of $4.3 billion, meaning that the company has about two years' worth of backlog on its books. This paper is going to discuss the human resources strategy of the company. Clearly, Alliant has a need to bring in…… [Read More]
Scenario B -- the organizational staff member
4. Evaluate the factors that influence your selection of a package.
As an individual employee, impacted by the decision regarding the medical package, the staff member would be influenced by the following factors:
The extent of the medical coverage in order to reveal and assess its ability to serve the healthcare needs of the individual.
The costs involved by the coverage -- detailed throughout the following section.
The evolution of the current plan as opposed to the previous one. A negative evolution would traditionally trigger dissatisfaction, whereas a positive evolution would manifest as a motivational force.
The ability to actually influence the final decision regarding the healthcare plan. This factor is specifically important as it reveals the role of the individual in the decision making process. If the employee is listened and his opinions valued and integrated in the decision process, this is…… [Read More]