Pay For Performance Essays (Examples)

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Pay System Plays a Crucial Role When

Words: 580 Length: 2 Pages Document Type: Essay Paper #: 42406532

PAY SYSEM plays a crucial role when managers are looking for ways to retain and motivate employees. Higher employee turnover rate can have a demoralizing impact on company's performance and is usually connected with an unfair pay system whereby some employees' feel that their hard work is not being rewarded adequately and thus choose to leave the firm for better opportunities.

Management literature and some actual examples reveal that the best pay system is the one that is based on employee performance. When pay system is tied to performance, we call it 'paying for performance'. his system ensures that effort, dedication and commitment of each and every employee is properly rewarded and that hard work doesn't go unnoticed. For this reason, it is important to develop a proper system of performance measurement, which helps in designing a better and performance-based pay system.

Measurement of performance and paying for the same…… [Read More]

That is why "analysts are predicting that performance-based deals will become increasingly prevalent, with some estimates showing pay-for-performance rising to 30% of all online ad revenues by 2006" (Riolo, 2002)

However, another research-based analytical article by some of the best experts in the related field, read the following thereby highlighting both the negative and the positive recent development in the thought process regarding the pay for performance process:

REAL PAY FOR PERFORMANCE IS THE BIGGEST trend coming down the tracks, and it's going to hit the workforce like a freight train. In today's tight labor market, employers are paying what potential employees demand. But at the same time, they're finding that they've already realized the easy productivity gains from
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Pay Structure Reflects Four General Architectural Principles

Words: 623 Length: 2 Pages Document Type: Essay Paper #: 98408889

Pay structure reflects four general architectural principles. The first is the minimum and maximum levels of pay within the organization, and to whom those levels go. The second is the general relationship between the levels of pay. In this, the organization must understand the different types of employees that it has, and what the relationship is between those types. The third factor is whether the pay structure should lead the market, meet the market or lag the market. This can be broken down by pay class as well, so that some positions lag the market while others lead the market, depending on the importance of the position to the company. The fourth architectural component of pay structure, which is the division of the total compensation dollar between base pay, merit pay and pay-for-performance programs (Henderson, 2006).

A pay policy line is best described as a trend line that reflects the…… [Read More]

References

Henderson, R. (2006). Compensation management in a knowledge-based world (10th ed). Chapter 11. Upper Saddle River: Prentice Hall.
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Performance-Related Pay Impact Motivation and

Words: 1450 Length: 5 Pages Document Type: Essay Paper #: 73217076

57, why are metrics, i.e. The choice of what to measure, fair simply because one meets or exceeds a goal?

) The sales people seem to repeatedly confuse "metrics" with "goals" (i.e. "targets"). What do you infer from this? Is there anything you need to foolow up on here?

Tutor is mistaken; the Goals are the Metrics under

Consideration here.

"The Impact of Performance-elated Pay

on Motivation and Job Satisfaction of Sales Personnel

in the Computer Industry

with ecommendations to Improve Management Practices"

Case-study of SEMICO INC

Acknowledgments

Executive Summary

The search for better ways to motivate people in the workplace continues unabated, but the search is becoming increasingly complex as an increasing number of theorists weigh in on what factors tend to affect job performance and employee satisfaction. Although no consensus has been forthcoming, the theoretical work that has emerged concerning employee motivation can be divided into three basic…… [Read More]

Reference

17

Chapter 3: Literature Review

18

Motivation Theories
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Pay Model Government and Legal

Words: 4353 Length: 10 Pages Document Type: Essay Paper #: 74049838

Now, the last one involves the balancing competitiveness with internal alignment through the use of ranges, flat rates, and/or bands. This is very important because a company would want to know who they are competing against and what they have to offer that will be able to go against them in the marketplace. Other things mentioned in this chapter, involve chapter talks about market pay survey (Salvador & Garcia-Menendez, 2001). There are three matters to look at before using pay surveys. One of those things is figuring out which employers will need to be included in the survey because clearly, everyone does not need to be involved. The second thing is to find out which jobs are will need to be included in the survey because obviously the proper ones need to be selected. It is not really necessary to use all of them. If multiple surveys are used, how…… [Read More]

References:

Altman, M. (1995). Labor market discrimination, pay inequality, and effort variability: An alternative to the neoclassical model. Eastern Economic Journal, 21(2), 157-157.

Bosompra, K., Ashikaga, T., Flynn, B.S., Worden, J.K., & Solomon, L.J. (2001). Psychosocial factors associated with the public's willingness to pay for genetic testing for cancer risk: A structural equations model. Health Education Research, 16(2), 157-157.

Buescher, B.C. (2000). ABA model rule 7.6: The ABA pleases the SEC, but does not solve pay to play. The Georgetown Journal of Legal Ethics, 14(1), 139-157.

Huang, C.L., Kan, K., & Tsu-Tan, F. (1999). Consumer willingness-to-pay for food safety in taiwan: A binary-ordinal probit model of analysis. The Journal of Consumer Affairs, 33(1), 76-91.
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Performance Management Employee and Labor Relations

Words: 1421 Length: 3 Pages Document Type: Essay Paper #: 51655852

Contrary to popular belief, improved performance by employees in a particular organization is not always linked to incentives; in today's dynamic business environment, it is crucial for human resource managers to balance the needs of individuals with those of the organization. One critical component that leads to good individual as well as organizational performance is the application of an effective performance management process. In fact, companies that invest in good performance management practices generally perform better than those that do not measure and manage their performance (Leeuw and Berg, 2010). According to Cardy and Leonard (2011), performance management can be defined as the integrated and strategic approach used by human resource managers to deliver successful results by improving the performance of all the individuals in the organization. It ensures that the goals of an organization are achieved in an efficient and effective manner, while at the same time maintaining good…… [Read More]

References

Cardy, R & Leonard, B. (2011). Performance Management: Concepts, Skills and Exercises. (2nd Ed.) New York, NY: Routledge

Leeuw, S & Berg, J.P. (2010) Improving operational performance by influencing shopfloor behavior via performance management practices. Journal of Operations Management Vol. (29)1 224-335. Retrieved 9 April 2015 from http://www.isihome.ir/freearticle/ISIHome.ir-21006.pdf

Riccio, S. (2014) Hudson College Scenario C: Performance Management. Society for Human Resource Management. Retrieved 10 April 2015 FOM https://www.shrm.org/Education/hreducation/Documents/Riccio_Hudson%20College_Scenario%20C_Student%20Workbook_FINAL.pdf

Stone, R.N. (2009) Achieving Results with a Performance-Centered Design Framework. Performance Improvement Vol. (48)5 37-44. Retrieved 10 April 2015 from http://search.proquest.com.proxy-campuslibrary.rockies.edu/docview/237234715/4155FCBF55844623PQ/1?accountid=39364
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Aligning Employee Compensation to the Performance Ceos

Words: 1739 Length: 5 Pages Document Type: Essay Paper #: 48240027

Performance Management Process and the CEO

Critique and evaluate considerations that are traditionally used to determine CEO compensation

Many reward compensations adopted by the CEOs of this era contain five primary components: limited stock grants, limited option grants, payouts for incentive plans, annual bonuses, and salary. While the amounts of bonuses, compensation and perquisites found in not-for-profit sectors may pale in comparison to those in the for-profit world, they generate combined reactions. Their existence can ignite debate, especially in periods of shrinking budgets and increasing costs. However, the ability to hire, maintain, and compensate CEOs is essential in all sectors, and is mostly achieved using a variety of executive compensation plans. The issues around the design of these systems in both the business and not-for-profit areas are similar (Bhattacharyya, 2011).

The last two decades have witnessed a drastic transformation of the executive compensation in many organizations. Compensation of top executives…… [Read More]

References

Bhattacharyya, D.K. (2011). Performance management systems and strategies. Dehli: Pearson.

Bebchuk, L.A., & Fried, J.M. (2004). Pay without performance: The unfulfilled promise of executive compensation. Cambridge, MA: Harvard University Press.

Blazey, M.L. (2013). Insights to performance excellence, 2013-2014: Understanding the integrated management system and the Baldridge criteria. Milwaukee: Asq Quality Press.

Chingos, P.T. (2004). Responsible Executive Compensation for a New Era of Accountability. Hoboken: John Wiley & Sons.
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Performance Management Conflict Within the

Words: 2018 Length: 7 Pages Document Type: Essay Paper #: 7465311

Hence, conflicts are generated only by misunderstanding or mischief (Edwards, 2003). Although unitarism have been proven to represent old-fashioned and unrealistic ideas, many managers nowadays follow this approach. They believe in a harmony of interests between them and their employers. However, practice has proven little resemblance between the employees' desires and interests, and those of their employers. Therefore, with such an approach to the employment relationship, conflict is inevitable. The 1998 Workplace Employee elations Survey revealed that 72% of workplace managers consult directly with the employees, and not with trade unions.

In the pluralist approach conflict is considered to be inevitable because various organizations take part in determining the rules of employment. Given the fact that each of these participating organizations has its distinct bases of authority, the risk of a conflict emerging is inevitable. The radical view is meant to be a critique of pluralism.

Conclusion

Conflicts are inevitable…… [Read More]

Reference List

Gordon, Judith R. 1996. Organizational Behavior. A Diagnostic Approach. Fifth Edition. Prentice Hall International, Inc., Boston.

Dawson, Patrick. 1995. Troubles with TQM - Pirelli Cables Australia Limited. Managing Service Quality Journal, Volume no. 5, Issue no. 6, (online). Available at http://www.emeraldinsight.com/Insight/viewContentItem.do?contentType=Article&hdAction=lnkpdf&contentId=842457.

Callahan, E.R., Fleenor, C.P. & Knudson, R.H. (1986). Undersanding Organizational Behavior - a managerial view point.

EIRO Thematic Feature of Collective Dispute Resolutions in an enlarged European Union - case of Malta. 2004. (online). Available at http://www.eurofound.europa.eu/eiro/2005/08/word/nl0508103t.doc
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Performance Management System General Motors

Words: 2136 Length: 7 Pages Document Type: Essay Paper #: 94460896

Furthermore, the customer is most likely not to be biased hence the credibility of the feedback. The sources of information will be integrated by analyzing the data and comparing the feedbacks to determine if they show consistency; before drafting the final report.

Development

The performance appraisal method of evaluating the behavior for rating has a critical technique of analyzing information incorporated. Therefore, in developing the tool, the first approach is to establish the information that is required (Flynn, 2010). Once determined, the questioned are phrased and documented into questionnaires and interviews, which will then be administered to the supervisors, the co-workers and customers for feedback purposes. Additionally, the previous reports on the company's trends will be incorporated to show how the behavioral changes in the department affect the returns of the company. The information gathered is then consolidated into a report for the final scaling which is the report of…… [Read More]

References

Josiane Fahed-Sreih, (2009) "The HR Scorecard: Linking People, Strategy and Performance,"

Management Research News, Vol. 32 Iss: 3, pp.297-299

Maurer, S.D. (2002). A practitioner-based analysis of interviewer job expertise and scale format as contextual factors in situational interviews. Personnel Psychology, 55(2), 307-327.

Retrieved from  http://search.proquest.com/docview/220142693?accountid=35812
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Performance Appraisals When Choosing to

Words: 895 Length: 3 Pages Document Type: Essay Paper #: 64821609

I would want to be evaluated through a form that would reveal whether or not I was conducting my assigned duties. Because of its specific nature, figure 11-3 would not only allow the evaluating manager to make an informed representation of my work, but also remind me of specific duties. Thus, as an employer and an employee, figure 11-3 is the superior form. It allows for the accurate and succinct evaluation of workers and the best chance of convincing those workers to continue to strive or make up for what they have lost.

Question Two

When looking at the performance appraisals in figures 11-1 and 11-3, employers can find many factors on which to evaluate them. The first, job-relatedness, has already been discussed above, noting that the second form was superior in this area. While it may not have been nearly as job-related, the first form was probably less expensive.…… [Read More]

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Performance Management in Prisons

Words: 2476 Length: 6 Pages Document Type: Essay Paper #: 61412476

Performance-Based Standards

Accreditation plan for the American Correctional Association

The accreditation of the correctional facilities is aimed at ensuring the well-being of the inmates but also is targeted at benefiting the employees, the victims, the courts as well as the legislators of a state. The standards that are set do allow the protection of the judicial system from embarrassment as well as allowing the correctional institutions to have and retain the autonomy from outside interventions.

Goals and functions of functional areas

Safety; this involves provision of conditions that are humane, protection of the inmates from rape and possible assault, giving of nutritious food as well as medical care, giving the inmates a hygienic living environment and recreation activities. This will ensure the inmates are safe from ill health or physical harm while within the walls of the facility as well as being safe from abusive guards.

Security; this functional are…… [Read More]

References

American Correctional Association, (2014). Public Correctional Policy on Standards and Accreditation. Retrieved March 7, 2014 from https://www.aca.org/government/policyresolution/view.asp?ID=44

David Ronald R., (2006). Evaluating American Correctional Association Accreditation of Adult Correctional Institutions. Retrieved March 7, 2014 from https://www.google.co.ke/url?sa=t&rct=j&q=&esrc=s&source=web&cd=5&cad=rja&uact=8&ved=0CEgQFjAE&url=https%3A%2F%2Fdspace.uta.edu%2Fbitstream%2Fhandle%2F10106%2F478%2Fumi-uta-1244.pdf%3Fsequence%3D1&ei=r3YcU97SBubb7Aa2hIHAAQ&usg=AFQjCNGeh6YJwRQeOzwduuSGkhI3J9IXMg&sig2=jVsH_ysiTj7ZUyDagJDjSA&bvm=bv.62578216,d.bGE

Flynn E.E., (1977). The Correctional Facility: The Environment Today and in the Future. Library Trends. Summer edition.

Manitoba Laws, (1999). The Correctional Services Act. Retrieved March 7, 2014 from  https://web2.gov.mb.ca/laws/statutes/ccsm/c230e.php
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Performance Motivation Plan Presentation

Words: 562 Length: 2 Pages Document Type: Essay Paper #: 83360778

Performance Motivation

Bloodstream Infections in NICU

Bloodstream infections in the neonatal intensive-care unit (NICU) are a serious concern for parents and health care professionals. Exposure to bloodstream infections for most patients will caused delayed hospital stays and higher costs associated with hospital visit (Marschall et. al., 2008). There are many procedural changes that can be made at the hospital to decrease risk of bloodstream infections. ecommendations for decreasing bloodstream infections will be based on the practices of the Connecticut Children's Medical Center (CCMC), which is successful in decreasing bloodstream infections. In this paper I will discuss how to get the employees engaged in their work, how to receive buy-in for quality work, how this will reduce errors and increase the quality of work.

Engaging employees in their Work

It is important to train the employees on the recommended techniques for inserting a catheter since this is main cause of blood…… [Read More]

References

Buttes et. al. (2006). Drive down infection rates. Nursing Management. October.

Deaver, K. (2010). Preventing Infections in Hemodialysis Fistula and Graft Vascular Accesses. Nephrology Nursing Journal. 37 (5) 503-506

Marschall et. al. (2008). Strategies to prevent central line-associated bloodstream infections in acute care hospitals. Infection Control and Hospital Epidemiology. 29 (1) S22-30.
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Performance Assessment to Work and

Words: 1694 Length: 6 Pages Document Type: Essay Paper #: 95199847

, 1994).

In the final calculation therefore, the hospital will suffer the most, the MO next, and PHOs the least. The entire triad -- hospitals, physicians, and insurers -- is usually comprised of a power struggle revolving around which one ends up dominating a local market. In the Marcus-Welby case, insurers seems to have been the first to 'get its act together', but if a critical band of physicians band together, they could dictate the terms under which they will join the network, and thus preempt or overturn the high level of prices raised by the insurers.

Requirements for success

Clinical care seems to be the most significant variable (Burns et al., 1994; Zuckerman & Kaluzny, 1991). To the extent the more value the service can offer the greater its amount of success. Findings also demonstrate that the greater the degree of perceived physician-system integration, the greater the system's inpatient…… [Read More]

Sources

Burns, L.R. (1995) Models of Physician-hospital organization: Possibilities and pitfalls Health Care Systems, 2, 1-4.

Burns, L.R., Chilingerain, J.A., & Wholey, D.A (1994) the effect of physician practice organization on efficient use of hospital resources, Health services research, 29, 583-603.

Burns, L.R., & Thorpe, D.P. (1993). Models in Physician-Hospital Organization, Health Care Management Review, 7-20.

Shortell, S.M., Gillies, R.R., & Anderson, D.A. (1994). The new world of managed care: creating organized delivery systems Health Affairs, Vol 13, Issue 5, 46-64
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Performance Appraisal Interview

Words: 1655 Length: 5 Pages Document Type: Essay Paper #: 27536287

Performance Appraisal

ole-Play a (with Manager a and Employee A)

In this example obert is meeting with Denise to go over her performance appraisal. When Denise is asked to tell obert how she feels she has done over the last year, Denise states that she feels satisfied with her performance and believes she is doing good because she has not received any feedback from obert otherwise. There are two issues to be concerned about with this statement. First, employees should be given regular and systematic feedback on their performance throughout the appraisal period, not just once a year (Ash & Quarry, 2010). Second, a yearly appraisal period is too long. Performance appraisals should be given at least twice per year, if not more often, in order to give equal credit to the good performance and not so good performance (Pardue, 1999). We tend to only remember what has happened recently…… [Read More]

References

Eve Ash & Peter Quarry (2010) 10 Steps to Flawless Appraisal Interviews. Gower, Training Point: Ash Quarry Productions. [DVD]

Pardue, Howard, 1999. Performance Appraisal as an Employee Development Tool. [Online]. Available at: < http://www.shrm.org/Research/Articles/Articles/Pages/CMS_000104.aspx> [Accessed December 13, 2010].
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Performance of the Middle East

Words: 7431 Length: 27 Pages Document Type: Essay Paper #: 72758625



Based on the assessment of the sample features in terms of capital size and value of the property portfolio, an observation is made in the fact that a proportion is kept between the two. In other words, the property companies in Jordan, Egypt and Syria seem to be prudential and correlate their capital sizes with the values of their portfolios.

3. esults and analysis of the Jordanian property companies

The results of the implemented questionnaire are revealed throughout the table below:

a (%)

b

c d e f g

Total (%)

Q3.

30

70

x x x

Q4.

40

60

x x x

Q5.

60

20

15

5

x x x

Q6.

Portfolio diversification

10

10

60

13

7

x x

Shortage of commercial properties

5

50

15

20

10

x x

Availability and choice

10

60

10

10

10

x x

Strong performance

70

20

5

3

2

x…… [Read More]

Reference:

2011, the world factbook, Central Intelligence Agency, https://www.cia.gov/library/publications/the-world-factbook / last accessed on February 21, 2011
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Performance & Breach a Contract

Words: 1089 Length: 3 Pages Document Type: Essay Paper #: 35413522

C.C. -- Article 2 -- Sales, 2005). In this case since the first lot was defective the buyer is going to claim that they have the right to refuse both lots. The seller will claim that they buyer should not be capable to refuse the second lot since it conformed to the specifications that had been set forth.

The obligation of a seller is to transport and convey and the obligation of the buyer is to recognize and pay in agreement with the contract. Express warranties by the seller are fashioned when any confirmation of detail or assurance by the seller to the buyer which relates to the goods and becomes part of the foundation of the agreement (U.C.C. -- Article 2 -- Sales, 2005). The seller had the responsibility to supply merchandise that conformed to the specifications set down in the contract in two lots.

In this case a…… [Read More]

References

U.C.C. -- Article 2 -- Sales. (2005). Retrieved November 23, 2010, from Cornell University Law

School Web site: http://www.law.cornell.edu/ucc/2/article2.htm#s2-714
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Teacher's Attitudes on Pay for

Words: 1318 Length: 5 Pages Document Type: Essay Paper #: 6577702

In other fields, going the extra mile, investing extra weekend or evening time, or providing exemplary presentations and materials usually results in some form of bonus. In teaching, however, much of this is expected -- before and after school tutoring, evening performances, weekend events, out-of-pocket expenses for supplies and materials not covered in the budget (See: Johnson, 2004).

Thus, while still presenting the overall debate from the public administration, governmental, and even sociological (parental, community) views, the proposed study will focus on specific views and attitudes that teachers' hold towards a pay for performance concept. The study will examine current and proposed legislation adopting such a compensation package, as well as a qualitative evaluation of the efficacy of such programs within the 21st century educational climate. The study will quantitatively analyze the data based on demographic and psychographic indicators such as age, gender, ethnicity, teaching level, education level, length of…… [Read More]

REFERENCES

Special Ed Groups Try to Shape Pay-for-Performance Movement. (June 2010). Special

Education Report. 36 (2): 2.

Adams, S., Heywood, J., and Rothstein, R. (2009). Teachers, Performance Pay, and Accountability. EPI Books. Cited in:

http://www.epi.org/publications/entry/books-teachers_performance_pay_and_accountability/
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Corporate Governance on Organizational Performance Corporate Governance

Words: 2604 Length: 8 Pages Document Type: Essay Paper #: 48388499

Corporate Governance on Organizational Performance

Corporate governance implies to decisions made by the management in organizations, which influence the overall performance of the firm. Corporate governance focuses on organization's governance and the performance of duties within firms. Management of firms develops specific strategies or set of mechanisms that influence their decision-making. These decisions are crucial in firms where there is a clear difference in ownership and control. Some of the strategies the management team might use are employing the participation of the board of directors in decision-making, encouraging shareholders in the management of organizations or decisions made on market operations (Aguilera, Filatotchev, Gospel & Jackson, 2008). Decisions instituted by members of these teams directly influence the performance of the firm. Moreover, decisions tasks undertaken by the management and the shareholders contradict, but are very crucial to the overall performance of the organization.

Corporate governance is a highly powerful aspect to…… [Read More]

References

Richardson, D.F., Larcker, S.A., & Tuna, I. (2007). Corporate governance, accounting outcomes, and organizational performance. The Accounting Review, 82(4), 963-1008.

Aoki, M., Jackson, G., & Miyajima, H. (2008). Corporate governance in Japan: Institutional change and organizational diversity. Oxford University Press.

Aguilera, R.V., Gospel, H., & Jackson, Filatotchev, IG. (2008). An organizational approach to comparative corporate governance: Costs, contingencies, and complementarities. Organization Science, 19(3), 475-492.

Adams, R.B., Almeida, H., & Ferreira, D. (2005). Powerful CEOs and their impact on corporate performance. Review of Financial Studies, 18(4), 1403-1432.
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Human Resources Pay Decisions at

Words: 719 Length: 2 Pages Document Type: Essay Paper #: 31345306

Often employees also receive an end-of-year lump sum bonus that is not included in their base pay (Employee Compensation, 2010).

Perkins and Balkin can choose to do any types of compensation plans that they want to. They can have plans for different areas within the organization. For example, everyone in the company could be on an hourly compensation plan while say the sales department could be on a pay for performance plan. The key is to make sure that everyone that is within a department is on the say type of plan so that everything is kept fair and ethical.

A high performance work system has many benefits for both employees and organizations. If employees feel that they are part of a high performance system then they will be happier employees and thus more productive. There are seven steps that a company must go through in order to establish a…… [Read More]

References

Employee Compensation. (2010). Retrieved May 23, 2010, from Novelguide Web site:

http://www.novelguide.com/a/discover/ebf_0002_0001_0/ebf_0002_0001_0_00108.html

Fogleman, Sarah L. (2004). Creative Compensation. Retrieved May 23, 2010, from Web site:

http://www.cnr.berkeley.edu/ucce50/ag-labor/7article/article33.htm
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Management of Performance and Reward

Words: 2383 Length: 8 Pages Document Type: Essay Paper #: 99052785

At this point we can conclusively deduce that the workforce at Telstra lacks intrinsic rewards as well as extrinsic rewards. The link between reward and performance is not clearly defined. However a certain amount of literature has indicated that a certain level of motivation is necessary in order to achieve certain desired results from the workforce.

Link between organizational strategy and the management of reward & performance

The Telstra management is strongly motivated towards the attainment of the various levels of superb performance by their employees towards their customers. There are however certain areas that are not consistent with the norm at the company. The organization strategy at Telstra is geared towards the attainment of unparalleled customer satisfaction .The reality on the ground however is that this is achieved via a series of moves such as the implementation of the Performance Improvement and Conduct Management (PICM), a system that has…… [Read More]

References

Hau-Siu Chow, I and Liu S (2007),Business strategy, organizational culture, and performance outcomes in China's technology industry http://www.entrepreneur.com/tradejournals/article/166051342_2.html

Holmstrom, Bengt (1979 )"Moral hazard and observ^ility." Bell Joumal of Economics, 10(1): 74-91.

India Telecom Series: Vol. 2: Cellular & Wireless Market, Information Gatekeepers, Inc.

Read more:  http://ivythesis.typepad.com/term_paper_topics/2010/05/strategic-analysis-of-the-telstra-corporation-australia.html#ixzz15rgRkhoj
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Rater Errors in Performance Appraisal

Words: 1778 Length: 5 Pages Document Type: Essay Paper #: 81372516

Having managers justify their reviews to their superiors will give little quality control if the supervisors wish the reviews to have a predetermined positive or negative conclusion. Using pay-for-performance and performance reviews in general when the outcomes are foregone conclusions and shaped by rater needs to motivate employees, preserve workplace harmony, or conversely cut a department is both unjust to employees and fosters worker cynicism and resentment. While fears of lawsuits may be valid, having a paper trail of positive or negative assessments that contain known errors is unlikely to help the organization prosper in the long run and can create legal complications of its own.

Employers must first ask if performance reviews can be meaningful in the organization, of if the work culture is better suited to team-based reviews, rather than individual reviews. Pay-for-performance strategies should only be used if supervisors have enough data about employees to make meaningful…… [Read More]

References

Curtis, Ami B., Richard D. Harvey & Daran Ravden. (2005, February). Sources of political distortions in performance appraisals. Group & Organization Management, 30(1): 42-60.

Retrieved February 21, 2010 at http://www.buec.udel.edu/beckert/BUAD%20875%2009S/Pres%203%20article%20appraisal.pdf

Staudenmayer, N, M Tyre, L Perlow. (2002, September-October). Time to change:

enablers of organizational change. Organization Science, 13(5): 583-587.
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Teacher Pay Performance Is it

Words: 335 Length: 1 Pages Document Type: Essay Paper #: 11002634

Sometimes, an apparently poor performance on a standardized proficiency exam may be a remarkable performance for an individual student, although not when compared to the rest of the district's more privileged or capable children,

Linking pay to student performance provides a profound disincentive for teachers not to take the risk of teaching in historically disenfranchised and underperforming school districts. Why work twice as hard to deal with students who are more difficult to educate, for less pay? Finally, linking pay to performance assumes the validity of the test used to measure student performance. Teachers who teach 'to the test' may receive a bonus, while teachers who spend time devising creative assignments, or who cover material in a way that deals with all of the student's multiple intelligences, rather than just the verbal and mathematical capabilities tested on standardized proficiency tests, may not be rewarded adequately.… [Read More]

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Compensation and Performance Evaluation

Words: 1263 Length: 4 Pages Document Type: Essay Paper #: 92422999

Compensation

I believe that Keith was entirely justified in insisting that the job, not the person, be evaluated. If a company has established protocol, then that protocol should be followed. The receptionist in question has a boss who is in charge of evaluating her performance on a regular basis; the committee would likely be overstepping its boundaries if they had decided to evaluate a single person, rather than the position they were intended to evaluate. Keith would likely be justified in reminding the other committee members of their responsibilities and duties regarding the committee's purpose.

Initially, Keith was bothered by the possibility of a confrontation at the meeting with certain committee members. It would therefore behoove Keith to approach the situation with care and consideration, while maintaining a sense of balance and humbleness. One thing that Keith does not want to do is approach the other members of the committee…… [Read More]

References

Baumann, A. & Kolotylo, C.; (2009) The professionalism and environmental factors in the workplace questionnaire: Development and psychometric evaluation, Journal of Advanced Nursing, Vol. 65, Issue 10, pp. 2216-2228

Johnson, R.E.; Silverman, S.B.; Shyamsunder, A.; Swee, H.Y.; Rodopman, O.B.; Cho, E.; Bauer, J.; (2010) Acting superior but actually inferior?: Correlates and consequences of workplace arrogance, Human Performance, Vol. 23, Issue 5, pp. 403 -- 427

Roberts, G.E.; (2001) An examination of employee benefits cost control strategies in New Jersey local governments, Public Personnel Management, Vol. 31, pp. 301 -- 315

Tocher, N.; Field, H.S.; Giles, W.F.; (2006) Valuations of compensation and benefit items by new entrants into the professional workforce: Do men and women differ?, Journal of Employment Counseling, Vol. 43, Issue 2, pp. 84 -- 96
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Executive Pay the Problem With

Words: 831 Length: 3 Pages Document Type: Essay Paper #: 30034986



Other benefits include payouts or large severance packages should an executive leave a corporation, whether or not they fulfilled the terms of their initial contract (Griner, 1996). There has been some criticism of late of agencies and organizations that offer compensatory packages for CEOS that do not meet organizational objectives. Employees in many instances are not afforded the same benefits or exemptions that executives are. Most employees are likely to be fired or laid off without any benefit or pay out particularly when their performance is considered marginal. This is not always the case however with executive pay.

Change on the Horizon

One of the biggest challenges that lies ahead for H managers and organizations will be holding executives accountable for the results they produce within an organization. Boards must more and more take a "rigorous approach to ensure that pay reflects performance" so that stakeholders can measure executive contributions…… [Read More]

References

Bowlin, W.F., Renner, C. & Rives, J.M. (2002). "The significance of gender in explaining senior executive pay variations: An exploratory study." Journal of Managerial Issues, 14(3): 331

Chingos, P. (2004). "Perspective: Responsible executive compensation" Mercer Human

Resources. Retrieved May

20, 2005: http://www.mercerhr.com/referencecontent.jhtml?idContent=1126240.
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Managing Quality Safety and Individual Performance in Healthcare

Words: 1578 Length: 5 Pages Document Type: Essay Paper #: 35585285

With the ever-changing health care sector, reimbursement has increasingly been tied to care quality and health care outcomes. The Centers for Medicare and Medicaid Services (CMS) have particularly been changing the way hospitals are reimbursed, with hospitals that deliver high quality care and report better health outcomes getting higher reimbursements than those that perform poorly. This has led to increasing prominence of the pay-for-performance approach. Under this approach, hospitals that report greater patient satisfaction, reduced error rates, lower readmission rates, and higher recovery rates for chronic illness get higher reimbursements than their poorly-performing counterparts. The implication is that health care organizations must pay greater attention to performance, especially in terms of quality, safety, and individual performance. Measurement and models used in the commercial world for these three aspects are considerably relevant to the health care sector. This paper discusses the usefulness of the total quality management (TQM) model, the Organization…… [Read More]

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Staff Performance Development Reviews

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Staff Performance Development Reviews

Performance reviews became necessary as soon as the first worker was employed. For good or bad, performance reviews are an absolutely essential part of the workplace; properly administered, such reviews have been shown time and again to be enormously positive and motivating forces in employees' lives by helping them identify their strengths and weaknesses and by encouraging them to achieve even greater successes -- and avoid comparable failures -- in the future. Improperly administered though, performance reviews can be the source of an enormous amount of controversy and friction within an organization; improperly administered performance review programs can also result in legal action against the employer. Taken together, it quickly becomes clear that providing workers with timely and accurate feedback concerning their performance is a vitally important function within almost any organization, but many managers are either unable or unwilling to provide such reviews for a…… [Read More]

Bibliography

Bommer, William H., Jonathan L. Johnson, Scott B. Mackenzie, Philip M. Podsakoff and Gregory A. Rich. 1995. "On the Interchangeability of Objective and Subjective

Measures of Employee Performance: A Meta-Analysis." Personnel Psychology, 48(3),

Denton, D. Keith. 1992. Recruitment, Retention, and Employee Relations: Field-Tested

Strategies for the '90s. Westport, CT: Quorum Books.
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Is There a Relationship Between Workplace Learning and Managers Performance in the Hospitality Industry

Words: 4106 Length: 10 Pages Document Type: Essay Paper #: 71898954

WOKPLACE LEANING AND MANAGE'S PEFOMANCE IN THE HOSPITALITY INDUSTY

elationship between Workplace Learning and Managers' Performance in the Hospitality Industry

elationship between Workplace Learning and Managers' Performance in the Hospitality Industry

Manager's ole as a Leader

Workplace Learning

Why is Workplace Learning Important

The 'ideal' Workplace Learning Situation

Methods of Workplace Learning

Hospitality Industry Supports and Values Training and Learning

Management Skills in Workplace Learning

Manager's ole in the Hospitality Industry

Optimize Communication between Managers and Employees

Effective Managers in Hospitality Industry

elationship between Workplace Learning and Managers' Performance in the Hospitality Industry

Hospitality Manager

Impact of Managers' Performance

Why Should Managers be Involved in Workplace Learning in Hospitality Industry?

Skills Learnt in Workplace Learning in Hospitality Industry 13

Conclusion 13

eferences 15

Abstract

There is a direct relationship between workplace learning and manger's performance in a hospitality industry. This paper deciphers the roles and responsibilities of the manager in…… [Read More]

References

Lucas, R.E. (2003). Employment Relations in the Hospitality and Tourism Industries. New York: Routledge.

Lucas, R.E. (2003). Employment Relations in the Hospitality and Tourism Industries. New York: Routledge.

Theresa, B., Blackbourn, S., Hussey, D., & Linda, N. (2009). Developing the Local Workforce: Is Work-Based Learning the Solution? British Journal of Occupational Therapy, 18-28.

Ahu, T., & Ozbilgin, M.F. (2009). Understanding Diversity Managers' Role in Organizational Change: Towards a Conceptual Framework. Canadian Journal of Administrative Sciences, 45-52.
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Financial Rewards Performance Related Pay

Words: 2727 Length: 8 Pages Document Type: Essay Paper #: 75938396

Secondly, performance-related pay increases prevents inflationary tendencies since such increases are the outcomes of increased productivity. Managers and employees are benefited by performance-related pay increases in the following way: when profit or performance goes up higher earnings go to the employees. However, when the profits come down, the lowering of performance-related pay can protect employees from job losses. Moreover, there is enhanced motivation as employee can identify with the success of the business. Depending on the information-sharing habits of the management, pay variations may result in employees knowing more about fortunes and misfortunes that a business goes through. (de Silva, 1998)

Other advantages of performance-related pay include the following: it is an effective method of coping with poor performance; introducing such a reward system can help to develop a performance culture within the company; it can work as a direct incentive for employees to help reach defined job targets; an…… [Read More]

References

Armstrong, Michael. 2002. Employee reward. CIPD Publishing.

Armstrong, Michael; Murlis, Helen. 2007. Reward Management: A Handbook of Remuneration Strategy and Practice. Kogan Page.

Bee, Roland; Bee, Frances. 1997. Project management: the people challenge. McGraw-Hill Education.

Bucknall, Hugh; Wei, Zheng. 2005. Magic numbers for human resource management: basic measures to achieve-. Wiley Publications.
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Traditional and Compensation Bases for Pay

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compensation and traditional bases for pay.

Mary's Case

Background- Mary is what you could call a perfect employee. She holds the post of a supervisor in a construction company. She has been with the construction company for over 15 years. Mary is one of the few females in the male-dominated company and also the only female supervisor. All her male colleagues joined the company at least five years after her, but got promoted ahead of her. She is the only one among them with an advanced degree. Mary is in love with her job and has no complaints about the treatment she gets. One day, after a long and rough day at work, she decided to go out with some of her colleagues for dinner. While dining with her colleagues, some of her male colleagues got into a discussion about their salaries and other job openings that offer better paychecks.…… [Read More]

References

(n.d.). DeGarmo -- Innovative talent acquisition and development solutions. Seniority vs. Performance-Based Pay Systems -- DeGarmo. Retrieved February 3, 2016, from http://www.degarmo.com/seniority-versus-performance-based-pay-systems

(n.d.). EEOC Home Page. Notice Concerning the Lilly Ledbetter Fair Pay Act of 2009. Retrieved February 3, 2016, from http://www.eeoc.gov/laws/statutes/epa_ledbetter.cfm

(2000). HR.com - The Human Resources Social Network. Importance of External Factors in Wage Determination - The Human Resources Social Network. Retrieved February 3, 2016, from http://www.hr.com/SITEFORUM?&t=/Default/gateway&i=1116423256281&application=story&active=no&ParentID=1119278025992&StoryID=1119642248468&xref=http%3A//www.bing.com/search%3Fq%3Dexternal+compensation+forces+%26form%3DPRUSEN%26pc%3DmsnHomeST%26mkt%3Den-us%26refig%3Ddd0c59e151db4075a5e5ef33af7da250%26pq%3Dexternal+compensation+forces+%26sc%3D1-29%26sp%3D-1%26qs%3Dn%26sk%3D%26cvid%3Ddd0c59e151db4075a5e5ef33af7da250

(2007). Justia U.S. Supreme Court Center. Ledbetter v. Goodyear Tire & Rubber Co: 550 U.S. 618 (2007): Justia U.S. Supreme Court Center. Retrieved February 3, 2016, from http://supreme.justia.com/cases/federal/us/550/618/
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Creating world class performance in a Jaguar assembly plant

Words: 2537 Length: 7 Pages Document Type: Essay Paper #: 46503027

Creating Word Class Performance in a Jaguar Assembly Plant

Multiple Cause Diagram

In the above multiple cause diagram, six feedback loops exist and they relate to the following sub-systems.

Planning

Customer Orders

Purchasing

Stores, and Production

The model indicates that the goal is matching the demand with production and is causal to seamless back-to-back activities in the areas of purchasing, production and planning. The diagram explores significant areas such as the impact changes in customer schedule has on production requirements. Customer schedule changes are difficult to determine precisely, especially as pertains to production due dates and material needs (Tomar, 2008).

The diagram below can be very helpful in identifying the factors driving a certain change event. It can be used to identify "cause chains" and help in the identification of key elements. While it is relatively simple, it indicates clearly why a change is taking place and in doing so…… [Read More]

References

Belogolovsky, E. & Bamberger, P., 2014. Signaling in Secret: Pay for Performance and the Incentive and Sorting Effects of Pay Secrecy. Academy of Management Journal, 57(6), pp. 1706-1733.

Ahmed, A. & Hussain, E., 2014. Effect of Disturbance on Closed-Loop Control System. International Journal of Innovative Research in Science, Engineering and Technology, 3(8), pp. 15672-15676.

Andrews, R., Boyne, G. & Enticott, G., 2007. Performance failure in the public sector. Public Management Review, 8(2), pp. 273-296.

Bajorek, Z. & Bevan, S., 2015. Performance-related-pay in the UK public sector: A review of the recent evidence on effectiveness and value for money. Journal of Organizational Effectiveness: People and Performance, 2(2), pp. 94-109.
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Equal Pay and Compensation Discrimination

Words: 3715 Length: 12 Pages Document Type: Essay Paper #: 35628513

These figures dwarfed what other big businesses paid for discriminatory practices. These businesses included Texaco, Inc.; Shoney's, Inc., Winn-Dixie, Stores, Inc.; and CSX Transportation, Inc. Critics saw Coca-Cola's settlement as signaling a major breakthrough among big businesses as coming to terms with diversity in the workplace (King). ecause the company has been a leader in many areas, these critics regarded it as setting an example of greater openness to promotions across races of employees (King).

Settlement terms included $23.7 million as back pay; $58.7 million as compensatory damages; and $10 million as promotional achievement award fund distributed to the complainants. A remaining $20 million went to attorney's fees and $36 million to the implementation of internal program reforms. Coca-Cola would also create an external, seven-member task force to insure that the terms were complied with and to oversee the company's diversity efforts (King).

According to Social Networks. - Connections in…… [Read More]

Bibliography

Bland, T. (1999). Equal pay enforcement heats up. 4 pages. HR Magazine: Society for Human

Resources Management

Bronstad, a. (2001). EEOC alleges Beverley Hilton discrimination. 2 pages. Los Angeles

Business Journal: CBJ, LP
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Operation of Performance Management Systems

Words: 7293 Length: 19 Pages Document Type: Essay Paper #: 93043581

).

However, when an employee sees that his or her employer is stepping up and trying to do something that the employee wants or needs, instead of just what is good for the company and not the employees, motivation can result. People need to feel that they matter to their employer. Few people are content with only receiving monetary compensation for the work that they do for their boss. They are all individuals and they have a desire to be recognized. They have goals that do not match up with the goals of the organization for which they work, but they may also have goals which are similar in nature to those of the company by which they are employed. Has anyone asked them what they really want to do with their lives and how the company can help facilitate those dreams? Companies that are concerned about the health and…… [Read More]

Bibliography

Austin, J. & Carr, J.E. (2000). Handbook of applied behavior analysis, New York: Context Press. 2000. Understanding the behavior of individuals in the workplace and in other areas of daily life can be very difficult. However, it is vital that an employer or anyone who is in charge of people focus on learning about the behavior of the individuals of which he or she is in charge. It is not possible to properly motivate people for employment or any other reason without being clearly aware of what motivates those people and what they are focused on in their careers and in the rest of their lives. Gaining information on how to analyze the behavior of those individuals is a way in which leaders can see more success.

Bedeian, A.G. (1993). Business owners (3rd ed.). New York: Dryden Press. Owning a business may sound enjoyable because there is no "boss" to which to answer. However, having a business of one's own is more complicated than most people think. This is especially true in the hiring of employees because there are so many different areas to consider. Reading up on how a business operates and the kind of information which is needed to successfully run a business is something that all leaders should do, even if they are not the head of the business in which they are working. Those who are high up in management are particularly susceptible to not realizing the needs of other people, and that can start them down a slippery slope of not doing what is right by their employees -- and those employees will leave, causing the business to struggle if it cannot quickly find good help.

Bowen, B.E., & Radhakrishna, R.B. (1991). Job satisfaction of agricultural education faculty: A constant phenomena. Journal of Agricultural Education, 32 (2). 16-22. No matter what kind of business a person operates or what kind of career that person has, job satisfaction is a big issue. Some people assume that they are capable of handing any job as long as they are well-paid, but this is often not really the case. People who are paid well but not treated respectfully quickly tire of their jobs. By focusing on one type of job it is possible to see just how diverse a group of workers might be and just how significant it is that these workers all get what they need in order to feel satisfied at their job. There is much more than money involved where the satisfaction with one's career is concerned. Strong businesses are aware of this, and work to make sure their employees are satisfied with what they are doing for the company.

Brethower, D. & Smalley, K. (1998). Performance-based instruction: Linking training to business results. Pfeiffer; Har/Dis edition. 1998. How a person is trained when he or she begins a job can have a large influence on whether that person continues to perform well. Getting a job is not always difficult, but enjoying that job and performing well in it are other areas where employees may not succeed. If an employee is properly trained, he or she will statistically perform better at the job to which he or she has been assigned. One of the best ways to train an employee properly is to make sure that employee learns on the job.
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ABC Power When Doing Their Performance Evaluations

Words: 1424 Length: 4 Pages Document Type: Essay Paper #: 87682376

ABC power when doing their performance evaluations. The first problem is they are attempting to use one form for both exempt and non-exempt employees. In the performance appraisal arena one size just doesn't fit all. "The best approach is to have separate forms designed for the four key job families: Managerial/Supervisory, Professional/Technical, Administrative / Operations, and Sales. Appraisal forms should assess only two areas: behaviors and results" (Grote, 2001).

In other words they should focus on the how and the what of job performance.

The first part of the appraisal form should be dedicated to evaluating the individual's performance against the competencies that an organization has determined as vital to success. Competencies is the encompassing term that is used to portray those abilities, talents, proficiencies, qualities, attributes and aptitudes that associate with superior job performance and predict success in organizational life. The best way to assess any person's performance in…… [Read More]

References

Berg, S. (n.d.). Should pay raises be tied to performance? Retrieved from http://www.courtsideconsulting.com/Documents/Perf%20reviews%20and%20pay%2

0 raises%20article.pdf

Grote, D. (2001). Is there a perfect appraisal form? Retrieved from http://www.groteconsulting.com/resources/pdfs/HR_Briefing-

Is_There_A_Perfect_Appraisal_Form.pdf
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Labor Economics Alternative Pay Schemes

Words: 2504 Length: 9 Pages Document Type: Essay Paper #: 28796174

However, other factors must also be considered. They refer to age, family, education, distance and unemployment.

The age factor points out that younger people are more likely to migrate than older workers. This can be explained by the fact that the elderly have fewer years in which to benefit from the migration investment and that they often possess skills valuable for their current employer. The familial forces reveal that the risks associated with moving increase with the size of family; otherwise put, a family of two is more likely to move than a family of five. The educational features highlights that the higher educated the subject is, the more chances are he or she will migrate. The distance force points out that while the distance is short, the worker will vote in favor of migration; on the other hand, if the distance is longer, he will manifest reticence to moving.…… [Read More]

Reference:

McDonnel, B.M., 2008, Contemporary Labor Economics, 8th Edition, the McGraw Hill Companies
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Do Doctors Make Fair Pay

Words: 1767 Length: 5 Pages Document Type: Essay Paper #: 87823168

doctors make too much money, and if so, what is a fair wage for doctors. Do doctors make too much money? Many people think so. In fact, doctors are one of the highest paid occupations in the United States. What do they actually do for all that money? Many dissatisfied patients would say that they run their practices like factories, do not spend enough time with them, and their staff can be rude and disinterested. They would also note that doctors who treat their patients like robots make far too much money, especially for the service they offer.

Everyone knows that doctors are some of the highest paid professionals in this country. Specialists in certain areas can make almost $1 million dollars a year, and even the newest physicians regularly rake in over $100,000 a year after only three years in practice. Even the lowest paid doctors around the country…… [Read More]

References

Brownlee, Shannon. "Overdose: The Health-Care Crisis No Candidate Is Addressing? Too Many Doctors." The Atlantic Monthly; Dec. 2007. 36+.

Editors. "Physician Salary Survey." Physician Search.com. 2009. 12 Oct. 2009.

.

Gilmore, Amanda S., et al. "Patient Outcomes and Evidence-Based Medicine in a Preferred Provider Organization Setting: A Six-Year Evaluation of a Physician Pay-for-Performance Program." Health Services Research; Dec. 2007, Vol. 42 Issue 6. 2140-2159.
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Walgreens -- Compensation Analysis Pay System and

Words: 1067 Length: 4 Pages Document Type: Essay Paper #: 42910200

algreens -- Compensation Analysis

Pay System and Benefits Package Overview

algreens has seen many changes in its industry and specific niche over the last decade. The rise of prescriptions by mail, ecommerce giants such as Amazon and EBay, the passage of the Affordable Care Act (ACA), and one of the worst economies since the Great Depression to name a few (agner & Orvis, 2013). ith this backdrop the company had an ambitious goal of reaching seven thousand stores in 2010 from just over four thousand stores in 2003; algreens was opening a store every seventeen hours at one point (agner & Orvis, 2013). The company's strategy was primarily based on location however the changes in the industry forced them to reinvent themselves and create a new strategy to remain competitive.

At the center of this strategy was using human resources to create a better customer experience. algreens looked at other…… [Read More]

Works Cited

Farfan, B. (N.d.). Company Mission Statements - Complete List of World's Largest Retail Missions. Retrieved from About Money: http://retailindustry.about.com/od/retailbestpractices/ig/Company-Mission-Statements/Walgreens-Drug-Store-Mission-Statement.htm

Tucker, G. (2014, May 1). Kathleen Wilson-Thompson Leads HR at Walgreens. Retrieved from SHRM: http://www.shrm.org/publications/hrmagazine/editorialcontent/2014/0514/pages/0514-wilson-thompson-walgreens.aspx

Wagner, M., & Orvis, W. (2013, August 27). Changing Structures and Behaviors at Walgreens. Retrieved from Strategy &: http://www.strategy-business.com/article/00195?pg=all

Walgreens. (2014). Benefits at Walgreens. Retrieved from Life at Walgreens: http://careers.walgreens.com/life-at-walgreens/benefits/#.VOXdLvnF8fY
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CEO Compensation and a Company's Performance

Words: 2423 Length: 9 Pages Document Type: Essay Paper #: 98647423

CEO's salary, bonus, and long-term compensation with respect to various organizational, financial and CEO factors such as corporate reputation, growth in employees, company size, and return on equity, CEO tenure and CEO stock ownership. In relation to the general performance of the organization

This paper utilizes the various measurement of chief executive compensation as exploited by the various detailed pieces of literature and employed as the dependent variable in a model based on multiple regression theory. It explores the extent to which the CEO's compensation package affects the overall performance of the whole firm or corporation for which he or she works for.

The purpose of this research is to determine the extent to which the CEO's remuneration a large corporation such as Coca Cola has on the general performance of the organization.

Introduction

The CEO's compensation has for a long time been source of attention from various groups in…… [Read More]

Bibliography

Anderson, R.C & Bizjak, J.M. 2003) An Empirical Examination of the Role of the CEO and the Compensation Committee in Structuring Executive Pay.Journal of Banking and Finance, 27.

Baiman, S. And Verrecchia R. (1995).Earnings and price-based compensation contracts in the presence of discretionary trading and incomplete contracting. Journal of Accounting and Economics, Vol. 20:1, pp. 94-120.

Barro, J.R.; Barro, R.J. (1990) Pay, Performance and Turnover of Bank CEOs, Journal of Labor Economics, 8.

Bebchuk, L.A & Fried, J.M.( 2003) Executive Compensation as an Agency Problem. National Bureau of Economic Research Working Paper Series, No. 9813.
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Extrinsic and Intrinsic Pay Programs

Words: 1704 Length: 6 Pages Document Type: Essay Paper #: 91746231

Intrinsic vs. Extrinsic Motivation

Motivation

A detailed analysis of how differing organizations use various blends of extrinsic and intrinsic compensation and benefits strategies to maximize organizational potential to meet the needs of the workforce. Describes the myriad factors including the industry, strategic planning, compensation philosophy and recruitment/retention strategies that when balanced, create a changing yet dynamic and motivated generational workforce that succeeds in accomplishing workplace goals.

Intrinsic vs. Extrinsic Motivation

The purpose of this analysis is to describe how different organizations can potentially use different blends of extrinsic and intrinsic compensation and benefits strategies to maximize organizational potential to meet the needs of their workforce. Traditionally compensation has been a highly volatile and controversial aspect of human resource management, with managers typically siding on the intrinsic or extrinsic side of compensation strategies. However research suggests that a program must address multiple factors that will balance both extrinsic and intrinsic factors…… [Read More]

References:

Hendriks, P. & Sousa, S. 2008. Motivating University Researchers. Higher Education Policy, 21,

pp.359-376.

Kunz, J. & Quitmann, A.2011. The influence of incentive systems on intrinsic motivation.

Zeitschrift fur Personal forschung, 25(1), 55-76.
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Performance Management System Within Sun

Words: 4451 Length: 12 Pages Document Type: Essay Paper #: 15909196

Measures should be developed at every level of the organisation as this will help in the measurement of performance at those levels. Again all services and teams will have action plans that they will have to meet which will make sure that the organisation reaches its goal. There has also got to be indicators for individuals as this will determine their performance for their teams and the organisation. (Measures of performance) the total service plan has to focus on the corporate and service objectives, highlight the important matters to the customers and staff, and the decision about the ultimate user of the information and their purpose for getting the information. (Key steps to effective performance measurement)

The measurement of the task done is against the information and there details that one has indicators for the objectives and also decides whether the task done will be meaningful and robust. The total…… [Read More]

References

Foundations of performance management. Retrieved at http://www.idea-knowledge.gov.uk/idk/core/page.do?pageId=76249

Glick, Bryan. 2005. Trudy Norris-Grey, Sun Microsystems UK managing director. 13 April. Retrieved at http://www.computing.co.uk/analysis/1162459

Hats Off to Communicators a Great Success in Denver. 2001. Spring, Volume: 9; No: 3.

Retrieved at http://www.nagc.com/newnewsletter.pdf
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Pay Good Wages I A Lot Money

Words: 634 Length: 2 Pages Document Type: Essay Paper #: 20898313

pay good wages I a lot money; I a lot money I pay good wages." (obert Bosch) Explain quote, means . Using concepts textbook, (Contemporary Management, 7th Ed. Gareth . Jones & Jennifer M. George) apply explain managerial significance.

Contemporary Management

The quote that obert Bosch said is "I don't pay good wages because I have a lot of money, I have a lot of money because I pay good wages." What he meant by this is that the salaries he paid his employees were not the result of his wealth, but his wealth was the result of paying good salaries to his employees. In other words, he valued and acknowledged his employees' work.

The success of obert Bosch and his businesses are relied on his management skills. This refers to innovation, but also to people management skills. Most of obert Bosch's businesses were innovations, technological advancements. But there are…… [Read More]

Reference list:

1. Jones, G. & Goerge, J. (2010). Contemporary Management. Retrieved September 23, 2013 from http://www.ebay.com/ctg/Contemporary-Management-Gareth-R-Jones-and-Jennifer-M-George-2010-Hardcover-/80457592.
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Performance of the Company Annual Reports Statements

Words: 3293 Length: 12 Pages Document Type: Essay Paper #: 96968599

Performance of the Company

Annual reports

Statements of corporate goals

SWOT analysis of United Health Group

9A PESTEL Analysis

In this paper, we present a systematic analysis of the United Health Group through a SWOT and PESTEL analysis. The analysis is aimed at the identification of an internal problem within the company's environment and then prescribing a suitable solution to it. The identified problem is poor Ergonomics. This is then explored and then recommendations provided.

The creation of a better health care system has been one of the key drivers of change in the American social, economic and political reform agenda. Quality health care to al citizens has been a piped dream for many. In this paper we presents an analysis of the effectiveness of United Healthcare in the provision of quality health care. Our focus is on its environmental analysis with the aim of isolating the genesis of the…… [Read More]

References

Amick, B., Robertson, M., Moore, A, DeRango, K and Mendez, CC .The Impact of Two Ergonomic Interventions on Health and Productivity: A Quasi-Experimental Field Study

Amick III, BC, Robertson M, DeRango K, et a (2003) Effect of office ergonomics intervention on reducing musculoskeletal symptoms. Spine 2003;28:2706-2711.

Amick., B., Roberson, M., DeRango, K ., Palacios, N., Rooney, T and Bazzani, L (2002).The Health Consequences of an Office Ergonomics Training Coupled with an Ergonomically Designed Chair: Preliminary Results.Proceedings of the Conference WWDU 2002 World Wide Work - May 22-25, 2002 - Berchtesgaden pg 371-373

Bergqvist U.(1995) Visual display terminal work -- a perspective on long -- term changes and discomforts. Int J. Ind Ergon.;16:201 -- 9.
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Performance Management System in the Organization the

Words: 1109 Length: 3 Pages Document Type: Essay Paper #: 8802825

Performance Management System in the Organization

The objective of this study is to assess the strengths and weaknesses of the performance management system in the organization in which the writer of this work is employed and to make recommendations to improve this system.

The writer of this study is employed in a government organization that is aligned with the U.S. Office of Personnel Management (OPM) hiring standards and selections. Each separate government organization is required to develop their own hiring and onboarding procedures therefore, these are unique to each individual agency. A 45-day model is used to recruiting and hiring of new employees.

Assessment of Organization Processes

Day One and Two

Noted as a weakness in attracting the best talent is the many steps involved in the process since the first ten steps in the hiring process are redundant and seemingly ambiguous and little excitement is present until the candidate…… [Read More]

Bibliography

Onboarding and Engaging New Employees (nd) Dartmouth. Retrieved from:  http://www.dartmouth.edu/~hrs/manager/toolkit/hiringonboarding/onboarding_engaging.pdf 

Pimentel, R. (nd) Peer Mentoring for the New Employee: Making a Difference One Employee At A Time. Retrieved from:  http://www.miltwright.com/articles/PeerMentoring-NewEmployee.pdf 

Schooley, Claire (2010) Drive Employee Talent Development Through Business Mentoring Programs. 6 Aug 2010. Forrester. Retrieved from: http://www.3creek.com/research/Forrester_Business_Mentoring_Aug10.pdf
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Performance of Credit Rating Agencies

Words: 5610 Length: 18 Pages Document Type: Essay Paper #: 31974604

Credit atings

The company which is responsible for assigning the issuers of particular kind of debt obligations and debt instruments the credit ratings is known as a credit rating agency (CA). There are a few cases in which the ratings are given to the underlying debt servicers. It is the special purpose entities, non-profit organizations, companies, national governments and the state and local governments who, in majority of the cases get the securities issued. The credit worthiness (i.e., the ability to pay the loan back) as well as the rate of interest which is applied to a specific security being issued is taken into consideration while assigning a credit rating to an issuer. After the financial crisis which took place in 2007/2009 the value of this kind of ratings was questioned to a great extent. A report was submitted by the Securities and Exchange Commission to the congress in 2003…… [Read More]

References

Blochwitz, S., When, C. And Hohl, S. (2003), Reconsidering ratings, Working Paper. Deutsche Bundesbank, Frankfurt.

Bolton, Patrick, Xavier Freixas, and Joel Shapiro, (2008), "The Credit Ratings Game" Mimeo, UPF, Barcelona.

Dittrich, Fabian, (2007), "The Credit Rating Industry: Competition and Regulation," Working Paper, University of Cologne - Department of Economics.

Fitch (2007), Sovereign Rating Transition and Default Study 1995-2006, February 7.
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Performance Management Employees Will Receive

Words: 654 Length: 2 Pages Document Type: Essay Paper #: 95794775



This brings us to the costs that both employees and JVA Corp. will face if this strategy is implemented. The employees will lose because, after the economic crisis, they will find themselves at the same professional levels as before the crisis. As no performance management has been undertaken, there have been no training programs etc. And the employees will simply find themselves not adapted to the challenges of the environment. They will find it difficult to move to another organization or be promoted in the near future.

The costs for the organization are even more significant and the previous paragraphs had hinted towards this. The main cost for the organization translates into the decrease in performance, over time, of its human resource and, indeed, of the overall quality of the personnel. At the same time, an additional cost will be the company's inability to make accurate strategic decisions, since the…… [Read More]

Bibliography

1. Richards, Brian. 2010. How to Create an Effective Employee Performance Management System. Accelerated Outcomes. On the Internet at http://acceleratedoutcomes.net/how-to-create-an-effective-employee-performance-management-system / Last retrieved on August 2, 2011

2. Heathfield, Susan. 2011. Performance Management is NOT an Annual Appraisal. On the Internet at http://humanresources.about.com/od/performanceevals/a/performancemgmt_2.htm. Last retrieved on August 2, 2011
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Performance Management

Words: 949 Length: 3 Pages Document Type: Essay Paper #: 81691226

performance management? Performance management is the company's goals equal the employee's activities and outputs. Defining performance, it specifies which aspects of employee's performance remain relevant to the business through job examination. Job examination or analysis means getting detailed data concerning jobs. Measuring performance involves measuring said aspects through performance evaluation. Performance evaluation is a method for managing performance. After evaluations, employees gain feedback and learn whether their performance has been effective or not.

Typically, businesses perform the process of performance management annually. Most of the reviews are for individual performance management while others are for pay decisions or establishing training priorities. In recent times, numerous business are moving toward ore streamline, frequent performance reviews. When examining the model of performance management, one may look at organizational strategies, individual attributes, and situation constraints, which all go to individual behaviors. From there it moves on to objective results. The three main purposes…… [Read More]

References

Sullivan, J. (2015). How Google Is Using People Analytics to Completely Reinvent HR. TLNT. Retrieved 19 February 2015, from http://www.tlnt.com/2013/02/26/how-google-is-using-people-analytics-to-completely-reinvent-hr/

Whatmakesagoodleader.com,. (2015). Job performance appraisal. Retrieved 20 February 2015, from http://www.whatmakesagoodleader.com/Job-Performance-Appraisal.html#Contrast
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Performance Bonuses

Words: 1306 Length: 4 Pages Document Type: Essay Paper #: 29901813

performance bonuses at companies. There are four subjects. The first is about the use of bonuses -- would I make use of them? Then there is the question of evaluating people based on specific performance measures. Then there is the question of group bonuses and whether or not those are a good idea. Lastly I explain why I wouldn't institute a bonus program.

The role of the human resources department is to structure and implement the human resources strategy in such a way as to help the company to achieve its strategic objectives. There are a number of different ways that this can be achieved. One such way is through performance bonuses, which help to orient employees to specific types of behavior. This paper will analyze the issue of employee bonuses, taking a lot at some of the relevant data on the subject.

Use of Bonuses

Personally, as a manager,…… [Read More]

References

Kishore, S., Rao, R., Narasimhan, O. & John, G. (2013). Bonuses vs. commission: A field study. Journal of Marketing Research. Ahead of print.

Grinstein, Y. & Hribar, P. (2003). CEO compensation and incentives: Evidence from M&A bonuses. Journal of Financial Economics. Retrieved May 3, 2014 from http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.212.2206&rep=rep1&type=pdf

Woodbury, S. & Spiegelman, R. (1987) Bonuses to workers and employers to reduce unemployment: Randomized trials in Illinois. The American Economic Review. Vol. 77 (4) 513-530.

Cooke, W. (1994). Employee participation programs, group-based incentives and company performance: A union-non-union comparison. Industrial and Labor Relations Review. Vol. 47 (4) 594.
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Performance Appraisals for Business Effective

Words: 8831 Length: 31 Pages Document Type: Essay Paper #: 91375895

However, as Murphy (2008) notes, these original scores, and the weightings, are given by biased humans who may have another agenda than simply giving the most accurate appraisal possible. In addition, there is also the question about whether a truly accurate (when negative) appraisal is the best course of action due to the possible negative consequences.

Management by Objectives (MBO)

Sudarsan (2009) surmises that, in the past, researchers have concluded that there are primarily three approaches to performance appraisals. The first approach -- the results focused approach -- is centered on determining whether a specific job has been performed or not. If these performance targets are met or exceeded, the employee is rewarded. The second approach -- the behavioral approach -- focuses on employee behavior. The actual output of the employee is ignored, but instead the methods the employee is using is evaluated. This approach has the benefit of being…… [Read More]

References

Addison, J. & Belfield, C. (Sept 2008). The determinants of performance appraisal systems. British Journal of Industrial Relations, 46(3). Retrieved November 15, 2009, from Business Source Complete.

Addison and Belfield compare the findings of Brown and Heywood's analysis of the Australia Workplace Industrial Relations Survey with their findings in Britain, using the Workplace Employment Relations Survey. Of particular interest for this paper was the conclusion from both studies that tenured employees are not strongly motivated by performance appraisals. This shows the ineffectiveness of appraisals, no matter what system is used, for those employees with tenure.

Banu, C. & Umamaheswari, P. (Jul 2009). A study on 360 degree performance appraisal systems in Reliance Life Insurance, Udumalpet. ICFAI Journal of Management Research, 8(7). Retrieved November 15, 2009, from Business Source Complete.

Banu and Umamaheswari research the use of the 360-degree performance appraisal system on a life insurance company. It was found that this appraisal system was helpful in identifying training needs, in addition to evaluating the performance of employees. It was also found to be useful in determining rewards and incentives, as well as promotions. However, the authors failed to acknowledge the challenges inherent in this system, as found be other researchers.
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Performance Management and Organizational Effectiveness

Words: 842 Length: 2 Pages Document Type: Essay Paper #: 25741694

Human esources -- Performance Management and Organizational Effectiveness

Assess the strengths and weaknesses of the performance management system in your organization.

Starbucks Corporation, founded in 1971 in Seattle, Washington (Shahi, Omar, Aufschlager, Schmerling, & Gassner, 2007, p. 3), prides itself in its exemplary performance management system. The prototypical performance management system focuses on two functions: decision-making, in the form of "pay increases, promotions, transfers, assignments, reductions in force or other administrative H actions" (Pulakos, 2004, p. 3); and employee development, through guiding the "training, job experiences, mentoring and other developmental activities that employees will engage in to develop their capabilities" (Pulakos, 2004, p. 3). Using 360 Feedback Performance Appraisal provided by direct reports, employees (here called "partners"), coworkers, managers and customers (Starbucks Corporation, 2013; Lepsinger & Lucia, 1997), Starbucks' performance management system has many strengths but is also burdened with a few pronounced weaknesses.

In the decision-making function, Starbucks is…… [Read More]

References

Evans, E.M., & Hansen, A.K. (2010). Starbucks: Continual training - A needs-based analysis of training borrowed and transfer partners. Retrieved September 15, 2013 from www.akhansen.com Web site:  http://www.akhansen.com/docs/StarbucksContTraining.pdf 

Hammers, M. (2011, September 7). Starbucks is pleasing employees and pouring profits. Retrieved September 15, 2013 from www.workforce.com Web site: http://www.workforce.com/articles/starbucks-is-pleasing-employees-and-pouring-profits

Indeed. (2013). Starbucks. Retrieved September 15, 2013 from www.indeed.com Web site: http://www.indeed.com/cmp/Starbucks/reviews?start=20&lang=en

Indeed. (2013). Starbucks. Retrieved September 15, 2013 from www.indeed.com: http://www.indeed.com/cmp/Starbucks/reviews?start=80&lang=en
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Pay and Benefits Best Practices

Words: 1003 Length: 3 Pages Document Type: Essay Paper #: 82665590

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.

Analysis

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]

References

Martocchio, J. (2015). Strategic compensation (8th ed.). New York, NY: Prentice Hall.
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Performance Enhancing Drugs

Words: 337 Length: 1 Pages Document Type: Essay Paper #: 5457884

Drugs and sports [...] performance-Enhancing drugs, and their effect on athletes and the sports they play.

Athletes who use performance-enhancing drugs compromise the integrity of their sports for a number of reasons. First, there is the issue of the records they set. For example, Barry Bonds has set numerous home run records, including hitting more than Hank Aaron. However, now these records are suspect, because of his use of these drugs. He might not have set these records without the help of the drugs. In addition, baseball is doing very little, if anything, to punish the players who are using drugs, so there is little incentive for them to stop. It makes the players look bad, it makes the sport look bad, and it makes the entire sport suspect, because fans can no longer trust that their favorite players are not enhancing their performance not with hard work and dedication,…… [Read More]

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Pay & Benefits at a Large Company

Words: 1619 Length: 5 Pages Document Type: Essay Paper #: 54773924

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.

Analysis

The first source…… [Read More]

Works Cited

Casserly, Meghan. 'Here's What Happens To Google Employees When They Die'.

Forbes. N.p., 2012. Web. 18 July 2015.

Emerson, Ramona. 'High-Tech Toilets, Free Haircuts And More: The Top 7 Perks

Google Offers Employees'. The Huffington Post. N.p., 2015. Web. 18 July 2015.