Compensation Reports Samples For Students

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

Human Resource Management

Introduction
This project alludes to the compensation and benefit strategy of an organization. It is very essential to clarify the concept and all the aspects of compensation and benefits given to the employees of an organization. Walmart is the world’s largest retail store that has been taken for this project to study the compensation and benefits issues and the steps taken by them. As per the Fortune global 500, Walmart is also one of the largest companies in the world in term of revenues, and the leading private employers worldwide. It employs approximately 2.2 million employees across ...

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

Introduction

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

Introduction

Strategic compensation is an attempt by a business to better its compensation level to reward work and input, by establishing certain rewards for a given level of performance. Strategic compensation simply means creating an incentive structure that directly rewards workers for their skills and performance. It is a compensation scheme implemented to improve the motivation of workers to perform better. Strategic compensation helps in determining employee behavior, interpersonal relationship emotion, cognition and personality.

Objectives of Strategic Compensation

Most organizations face a growing need to engage workers and attract the best of contingents, preserve a long term relationship with employees and get the best out of them. Strategic compensation ...

In the recent past, California has emerged as one of the state in the US with many reported cases of fraud in workers’ compensation schemes. In actual sense, a quarter of all compensations extended to workers by insurers in California are false. The major types of frauds include internal, claimant and provider fraud, with the most rampant being claimant fraud. In order to minimize losses caused by falsified claims, relevant state stakeholders have structured policies meant to detect and punish compensation fraudsters. Unfortunately, existing policies have not been effective in addressing the issue. Matthew (2013) insinuates that what must be ...

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

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

Jerry Scott should consider investing in an individual retirement account rather than opt for the employer sponsored retirement package. If she opts for the employer sponsored package like the 401k plans or other defined contribution plans , the total amount of money that will be eligible for compensation after ten years when she retires will, be her individual contributions = 4000 dollars plus interest of 8 percent per annum for ten years= 6, 194.23 plus employer contributions. Employer sponsored plans have the disadvantage of having plenty of caveats and restrictions on the usage of the contributions. For example, it is not ...

Introduction:

With the growing possibilities of work opportunities, employees have multiple jobs to choose from. One of the key influential factor to take up the decision of a job change is compensation. It motivates the employees to fulfil the expected roles and objectives assigned to them. Strategic compensation differs in such a manner that here the employee is not considered just as an overhead. The employee’s salary and related monetary benefits are directly related to the strategies that have been formulated to achieve the company’s crucial objectives that ensure the profitability and sustainability of the firm in the ...

Sources of Law and areas of Law in Common Law Countries

Notion of common law and its features
Common law has its origin in XI century and now exists in the USA, Canada, UK, Australia, New Zealand. This system law is regarded uncodified and is based on the case law as the main source of the interpretation of the rules. This statement implies that cases considered by the courts in the previous years should be respected and taken by the followers as the examples of notorious behavior accepted by the society. Therefore, the system of common law accepts the pivotal role of the precedent in the society. Besides, the common ...

IKEA Employee Compensation Package

Company overview
IKEA is a home furnishing retailer known for its brand and products all across the globe. The company was founded in 1943. Since the foundation of the organization, the company has gone through ups and downs making several changes in its HR policies to be one of the reputed companies among the employees working in this industry. IKEA has a range of more than 9500 products that are sold through its more than 300 stores all around the world (Baraldi, 2008). There are millions of people working directly and indirectly for the company that acts as the ...

easyJet Plc’s Governance Disclosures: A Critical Evaluation
1. Introduction
The concept of corporate governance has gained considerable significance since the collapse of a series of corporate giants including banks worldwide followed by the global financial crisis 2008-09. The global financial crisis led to huge financial losses and massive job cuts across the globe, particularly in United States and United Kingdom. Official investigations following the crisis revealed that accounting fraud and other top management malpractices contributed notably to high-profile corporate scandals. In response to these reports, the UK government designed and enacted the UK Corporate Governance Code that specifies ...

Personnel Selection Process

Background
In human resource management, recruitment is one of the most critical activities for an organization. Especially, proper selection of candidates in managerial roles often determines the success and failure of a company as managers are the main decision makers (Visa, Einolander and Vanharanta, 2015). Acme Manufacturing is not different. Recruitment of managers in a manufacturing company requires special screening as the environment in manufacturing locations is susceptible to hostility than other parts of the organization. A robust selection and recruitment process should have multiple well defined stages.

Internal Environment

Promotion has a significant impact on the recruitment process. When any ...

Introduction

The human resources department is one of the most important departments in an organization. Whether in a manufacturing or a service firm, the HRM department is mandated with the responsibility of creating and developing human capital, which is essential in achieving the organizational goals. Essentially, it is instrumental in ensuring that the efforts of the individual members of the organization are aligned to the overall objectives and goals of the organization. Organizations have become dynamic and this has created a need for well selected and trained employees. Organizations are learning of the importance of aligning the human resource management ...

Compensation increases must be determined by a workable and properly designed work performance management system. All employees of CORE must have their work appraisals to understand their contribution to the success of the business. The appraisal system will be used to rank and rate every employee, and it is that system that the compensations for the employees will be based on every end of the year to determine salary increases, bonuses and other incentives like training and promotion. This paper examines the current compensation status of CORE and from that develops a plan to manage the arbitrary compensation increases ...

MODULE LEADER’S NAME:

- Executive summary
Jinnikins Jeans is a UK company established in early 2000 that sell designer clothes. The company’s directors have drawn much attention especially from the media due to their personal exploits, youthful entrepreneurism, and innovative use of internet for marketing. The company has in the past few years faced various challenges such as increased wage bill, low performance and reduced morale among various employees. This article examines the company’s approach to reward and the extent to which their approach is consistent with its business objectives. It also focuses on various theories of motivation including, instrumentality ( ...

Executive Summary

International growth of a company is strictly defined by the expertise of its managers in training and developing human resources abroad that can work with the organizational structure of the parent company. But training employees abroad is considerably a demanding task. This is especially because of the cross-cultural differences that will hinder most of the usual training and incentive programs that are based out of the ethics of parent corporation. It is essential that the parent corporation understand the cultural practices as well as sensitivities of the target country before venturing into business with it. This is where the ...

Introduction

When it comes to control systems, the inverted pendulum system is something that stands out from amongst the rest. Linear control concepts such as stabilization of unstable systems can be demonstrated using the inverted pendulum. Since the system is intrinsically non linear, many non linear concepts can also be demonstrated using the inverted pendulum. This system has basically two equilibrium states, one stable and the other unstable. In the stable equilibrium state, the pendulum points downwards and in the absence of any controlling forces, it returns to its original state. In the unstable equilibrium state, the pendulum points upwards. ...

The report is being made with the objective to understand the ongoing trend in J Sainsbury Plc from 2009 till 2013. However, to facilitate in-depth analysis, we have bifurcated the report in two parts with Part 1 dealing with trend discussion relating to financial structure, investing decisions and change in dividend payments while ach of the discussion will be validated using the financial notes or through calculation of ratios. On the other hand, Part 2 is related to discussion over the change in remuneration package of the executives since 2009-2013 and how it related to the agency theory.

Part 1: Trend Analysis using Ratios:

Change ...

Accounts Payable and Receivable for HealthCare Finance

In healthcare, most of the services are paid for after they have been provided. This makes it necessary for healthcare providers to establish a reimbursement system that fits their individualized operational needs. Various reimbursement methods have developed. Examples are the Prospective-payment systems, Cost-reimbursement systems, Discounted-charge systems, and Flat-rate reimbursement system (Abbey, 2009, p. 3).
a) Prospective-payment systems
This payment mechanism was created by the Centers for Medicare and Medicaid Services. The payment mechanism bases most of the hospital bills on the diagnosis of the patient at the time when they are being admitted. Payments are based on predetermined fixed ...

Introduction

For the purpose of analyzing the governance structure of a business in New Zealand, Mighty River Power has been chosen. Mighty River Power is a New-Zealand headquartered electricity generation company, which was formed in the year 1999 after splitting from the Electricity Corporation of New Zealand. On May 2013, the firm was partially privatized by the government, with the government retaining 51.78% stake and the remaining 48.22% of the stake held by private investors. They generate electricity in a number of ways; which also includes hydroelectric power and geothermal plants located in various parts of the country. They are a major source of ...

Writing bad-news messages

Dear Ms. Leketa Young,
Introduction
Our esteemed customer, I received your email. In the package, you are bringing to my attention the fact that the jacket you bought from my women’s clothing shop in California turned out to be defective since the panes have different coloring. You also requested for refund of the cost of the jacket and the shipping charges. Thank you for expressing your claims to me. Unfortunately, I’m sorry to inform you that it will not be possible to refund you for reasons that you will understand.

Reasons for refusal

- Leather jacket is defective ...

Introduction

The DEOMI is the acronym for Defense Equal Opportunity Management Institute that is a conglomeration of military services school with a base in Patrick Airbase in Florida. The institution offers off-site courses with emphasis on equal opportunity, intercultural communication, and gender, ethnic, racial and pluralism both civilians and military personnel working with the American armed forces. DEOMI was founded in 1991 as a response to the Civil Rights Movements of 1960s. Initially, the institution carried the name Defense Race Relations Institute. It was set up to find mechanism of solving the racial problems that bombarded the armed forces of the United States. ...

In an organization, the compensation department aims to achieve internal consistency, market competitiveness, and individual contribution. Market influence is the greatest challenge to a company’s competitiveness. Performance evaluations can be subjective or objective. Different organizations use different reward strategies to motivate their employees.

Compensation is the payment received by an employee for the work done or contribution made to the organization. This practice is well organized and it balances the work-employee relationship affording monetary and non-monetary privilege to employees. It is an inherent part of human resource management that stimulates the employees and recuperates organizational effectiveness.

What are the three main goals of the compensation department?

The three main ...

The researchers have selected their organization Gap Inc. based in Ottawa to conduct research on the prevalent HR issues pertaining to employee compensation system and performance management. It should be highlighted that the major HR problem across GAP is their flawed remuneration system that result in poor rewards for employees despite their dedication and inclination for job. It should be emphasized that poor reward system adversely impacts employee financial targets and job fulfillment, which in turn leads to lack of job motivation, low confidence and trust relationship with employers, reduced desire for growth in existing organization, greater absenteeism and ...

Memo on staffing and remuneration

It has come to my attention that businesses and large companies are in a big challenge on how to manage their staff as well as maintain proper remuneration program. Staffing is the ability of a company to hire competitive employees to run the company. On the other hand, remuneration refers to the ability of a company or a business to compensate its employees according to their hard work in the company. Many companies have not been able to define the significance of hiring high class employee to influence the direction of their businesses. Upon recruitment of competitive employees, some companies have not held ...

Report on Prisons and Contemporary Issues

Prisonner's Rights to DNA Testing

A person convicted of a crime would nonetheless lose his constitutional rights for freedom. The objective of court trials is to weigh the evidence that all parties have presented to justify arguments of innocence or guilt. A court trial is the best time for any accused to prove his innocence of a crime and he should maximize that opportunity to do his best to defend himself. However, trials are not just about facts and evidence it's also about possibilities. Possibilities that the accused is actually innocent, despite the evidence pointing at him. As soon as the ...

Introduction

Owing to the fact that policy implementation is essential to the development of a company, Turner Constructions needs to embrace an influential ethical decision making framework. This is largely accredited to the fact that the current system is rather inefficient and is not centered towards the welfare of the employees. The current system does not ensure equality in the employee compensation due to the wide salary margin between field engineers and project managers $54,522 and $130, 893 (Payscale, 2016). Additionally, the newly employed personnel do not get a good conducive environment for growth due to the inadequacies of ...

Major Factors that Escalate the Costs of Healthcare with Emphasis on Frequent Admission

There are many things that can lead to the escalation of costs of healthcare. One of the most easily observable reasons would be the increase in number of patient admissions. Every time a patient pays a visit to a hospital or any medical institution, this patient incurs costs that would be billed to either him (i.e. out of pocket) or his health insurance provider. Among the total volume of patients paying a visit to medical institutions, only a small but still significant percentage has to be admitted. Usually, these are the cases where the patient has to be observed ...

Question 1

The factor that would be interesting to an investor is the decline in revenue. The management of the company has reported a decline in revenue from the year 2012, resulting from a contraction in the overall PC market as well as competitive pricing pressures. These causes negatively impacted the performance of the company’s major segments. The factor would be interesting to the investor since the primary objective of investors is to maximise their returns. A decline in revenues indicates that the business is experiencing challenges that if not addressed, may have an adverse effect of the future profitability and growth ...

Introduction

Selling is an activity in the area of business that has paved way for heated debates between those involved directly and those who are involved indirectly. Due to this closeness to the concept of selling many individuals often have strong and misplaced opinions of the sales people and selling in general, and it does not come as a surprise that these misgivings are believed by people who have engaged in selling their whole lives.
Processes and activities that assist an organization to efficiently and effectively run and support its business objectives and strategies is what is known as sales operations ( ...

The use of teams for conflict resolution, the methods and benefits of delegation and empowerment, coaching, support and mentoring, training supervision and evaluation

P9 Planning work orientation and job design

There are many reasons as to why team work program increases performance and employee satisfaction. One of them is application of motivation theories and empowerment techniques. Having worked at Tata consultancy and at the human resource department as a human resource officer, I know that team work is important especially where pressure mounts on due to workload. As it is evident in the Tata consultancy services for example, this team work program facilitates real world real people. ...

Organization Value and Business Reflection Topic

Introduction
Business management is a fascinating topic, more so when the lessons in the class are integrated with real-world case studies. The integration offers the students opportunities to employ the management skills learnt in the class through creative thinking and problem solving approaches to provide solutions to real business problems. The experience equips the learner with practical skills that enables the student to be an economic productive person in the society. The paper will evaluate the critical management skills the author has leant in the class. The paper will review management functionalities in the firm, relevance of effective communication ...

One of the main points from BHP Billiton Corporation’s annual report about their corporate governance structure can be summarized by the following statement given by the company’s chairman himself:
“At BHP Billiton, we have a governance framework that goes beyond an interest in governance for its own sake or the need to comply with regulatory requirements. Instead, we believe that high quality governance is good business, and our approach is to adopt what we consider to be the better of the prevailing governance standards in Australia, the United Kingdom, and the United States” .
As of July ...

Abstract

Improving labor inspection services and OHS concerns in UAE and for small business is a growing concern. The paper looks into the growth of small business in Qatar and the need for strong OHS laws for workers and owners. There is a need to educate business about the worker’s rights and responsibilities as well as the responsibilities of the employers. The paper also looks into the demographics of the employee in UAE and the challenges faced by the state for occupational health and safety improvement in Qatar. The rate of industrialization has significantly increased over the past decades in Qatar and ...

Memorandum for Department of Employee compensation and benefits packaging Team

As a committed team leader of the Department of employee compensation and benefits package, I would like to bring to your attention a number of issues that require immediate action. The consideration and recommendations outlined in this memo are to the best interest of all stakeholders, employees, clients and the general public. I would like to draw attention to the fact that the project is off track by six weeks due to a number of factors. This considerably affects the operational effectiveness of the team and the success of the overall goal of employees. As you know, the pace of project execution ...

Abstract

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

The purpose of this investigation was to identify: job satisfaction levels, employee awareness of the work environment, and opportunities for improvement. A survey of 25 questions and was conducted in October 2012 with 45 HEMA employees and was based on the motivational work by Herzberg (1966), the information-processing model as associated with the accumulation of cognitive information about the workplace and one’s job (Hackman and Oldham, 1976) and the satisfaction scale of Warr et al. (1979) in relation with Maslow's (1943), the survey was designed to collect information related to employee satisfaction within eight main areas. These areas ...

Development of Performance and Reward Management system in Nokia

Performance and Reward Management are very critical functions of Human Resource Management especially in Multinational firms which employ a diverse workforce. The performance Management and Reward management systems in these organizations have to address country specific issues to make them more effective. Well formulated policies for performance and Reward Management achieve important HRM objectives such as motivation, employee satisfaction and loyalty and low employee turnover. However changing workplace environment and external factors necessitate that these policies are reviewed and reformulated regularly to keep them aligned with organizational strategies as well as external environment. Due to the global implications of ...

Abstract

The current discussion is aimed at the dissection of ethics, corporate social responsibility and sustainability of British Petroleum (BP) by taking the case of Gulf of Mexico Oil Spill in to consideration. By commencing the discussion with an overview of the externalities present in the oil industry, the pressures on oil companies are examined which is further evaluated through the application of stakeholder theory and the theory of utilitarianism.
In the case of BP, it is revealed that the resort to CSR was primarily a reactive measure to correct its tainted brand image and save it from reputational risks. ...

Introduction

Contemporary Business Environment places a lot of pressure on the company with regards to sustainable and profitable development. In order to be able to compete in the international arena, companies have to look for new ways to differentiate and diversify their business. One of the biggest challenges for a modern company is to build on internal expertise and skills that would help this organization create competitive advantage based on its intangible assets and people.
Individuals are subject to a variety of influences and the employment relationships are becoming more complex. Human Resource Management (HRM) is facing new challenges, such ...

Business Ethics and Corporate Governance

Business Ethics and Corporate Governance

The Board of Directors of the company is one of the two organs of the company that is charged with running of the affairs of the company. The other organ is the General Meeting. This paper will constrict its discussion to the roles played by the Board members. Towards the end of the discussion, the paper will advance the argument that the roles played by the board members of the company are likely have changed dramatically due to the enactment of the Public Company Accounting Reform and Investor Protection Act of 2002. The paper ...

Abstract

The Civil War has been hailed as one of the most defining events of American history. The Civil not only led to the unification of the nation but was also accompanied by another revolutionary occurrence which was the end of slavery. Several states abolished slavery during this period. One of these states was the state Washington, District of Columbia. The District of Columbia officially ended slavery in 1862 after the signing of the document “The District of Columbia Compensated Emancipation Act”. The act was signed into law by President Lincoln. The signing of this document was seen as a great ...

- Introduction
Meetings are the only solutions for the shareholders of the corporations for interaction with the board in respect of matters of their concern as they are not entitled to take part in the internal affairs of the corporations. With is backdrop, increased shareholder activism has resulted in their calling for special meetings with board in addition to the annual general meetings which are traditional means of interaction with the board for the shareholders. Shareholders are able to speak with the managers and the board members in regard to the company results and its long-range plans only ...

For Electronic Arts, Inc

Our Professor
Transmittal
Andrew Wilson, CEOElectronic Arts, Inc.
209 Redwood Shores Parkway

Redwood City, CA 94065

Dear Mr. Wilson:
As agreed during our meeting on November 15, 2013, attached herewith is the report on the customer service problems being experienced by your company.
The report examines the causes and effects of the company’s customer service problems and provides recommendations on how these problems can be addressed.
I hope you find this report satisfactory.
Sincerely yours,

Executive Summary 4

Introduction 5
Problem Statement 5
Method Used 5
Findings 6
Product 6
Service 6
...

Which of the HR models appears most appropriate for managing personnel in a health care organization? Why?

There are three generally accepted ‘ideal’ models of Human Resource Management. These models have been agreed upon by management scholars but it is important to note that they may not work well for all organizations.
The first model is the control-based model. This model suggests that the management should have an employee management strategy that controls the workplace and directly monitors the performance of the employees. The model is meant to secure a high productivity level among its employees and thus a high profitability level for the organization.
The second human resource management model is the resource-based management model. ...

Legal Issues and Disciplinary Action

Develop, analyze, and explain requirements that could be used in the personnel selection process for management positions in the company
Employment in the US has evolved over time. The process has seen to it marked changes that have resulted in a shift in the workplace. A company’s culture determines its profitability and also its productivity. Employment law has been tasked with the mandate of developing an organization’s culture. Employer-employee relationships have been strengthened with the advent of the Employment law. The US gives a clear picture of the cultural advancement has in fact, shaped the workforce in ...

Today, the role of Human Resource Manager has termed as an essential activity that enhances productivity and development of the company. The human resource management involves the practice of hiring and enhancing the employees to make them more valuable and profitable to the organization. It is the responsible of the human resource management for conducting employee relations, hiring, and enhance development and benefits for all employees in the organization. As a human resources manager, I understand it is my duty to direct all the activities of workers in the company. In this report, I will develop, analyze and explain ...

Organizational behavior is an important aspect of any company. Organizational behavior, according to Clegg, Komberger and Pitsis (2011), is defined as the processes and practices that provide the opportunity for individuals to perform to their utmost ability through interaction (2011). Based on this definition, businesses and companies should seek to understand the different types of personalities that work at their respective organization. In doing so, it not only allows for better operation, because employees and staff are continually motivated to do not only the right thing, but to be productive. One organization that thoroughly understands the concept of organizational ...

This report analyses the most recent financial reports of two companies; Sino Gas and Energy of Australia (2014), and Solar World of Germany (2015). Sino Gas and Energy reported total provisions of $97,166 that constituted 0.09% of the total assets. Solar World reported total provisions of k€ 49,466 that constituted 5.69% of the total assets. The provisions for the two companies are listed below in descending order based on their book values:

Sino Gas and Energy $

Other provisions 60,837
Employee entitlements 36,329
Total 97,166
Solar world k€
Warranties 24,653
Pensions 10,704
Litigation risks 9,190
Other ...

Executive Summary/Introduction

According to recent research, corporate governance is categorized as the overall mechanism used by business entities to gives directives or controls the day-to-day activities. It defines the rule and regulation that controls the market mechanisms, therefore, stating the relationship or connection of the organization's management shareholders, and the board of directors. Seagate's corporate governance articulate in the creation of a system that assists in resolving existing and emerging conflict of interest of the company's stakeholders.
Seagate Company, being one of the world’s leading brands in data storage. The company began as a manufacturer of rigid magnetic disks and ...

Abstract

Nisan started its operations in 1933 and today it is a leading car manufacturing company. The company operations started just after the World War II. Today, the company has a global presence selling automobiles around the globe. The company is the market leader in engineering capabilities, its technological processes, its productivity and quality management that it had.
The focus of the company has totally shifted in the recent years. The management is focussing on long-term as well as short-term success. Nissan's design had not reflected customer’s opinion. Blue to Nissan's strategy of joining with Kiersten investing Nissan moved ...

IKEA Employee Compensation Package

Company overview
IKEA is a home furnishing retailer known for its brand and products all across the globe. The company was founded in 1943. Since the foundation of the organization, the company has gone through ups and downs making several changes in its HR policies to be one of the reputed companies among the employees working in this industry. IKEA has a range of more than 9500 products that are sold through its more than 300 stores all around the world (Baraldi, 2008). There are millions of people working directly and indirectly for the company that acts as the ...

Executive Summary

Rocky Marketing Network is faced with two issues concerning to their workforce i.e. low retention rate and poor performance that are telling upon their profitability and challenging their position with a comparison to their competitors. The current report has been prepared after a careful investigation of the causes of the reported issues. After a deep study, it was detected that both the issues are overlapping each other to a considerable extent and are the products of poor HRM performance. Furthermore, it is suggested that the company can tackle both the issues by taking appropriate initiatives, which are as follows:
All these initiatives ...

The Concept of Agency Problems

In the field of business and financial management, when a principal hires or appoints any agent to carry out or perform some sort of duty, this activity gives a rise to an agency relationship. An agency problem, known as a conflict of interest, comes to existence when there is a clash of interest between the needs of the agent and the demands of the principal.
A conflict of interest or an agency problem is said to be inherent in any kind of relationship where one party is obliged to act in the best interests of counterparty. The major concern in such kind ...

Executive Summary

Jinnikins Jeans functions in a highly competitive industry, and owing to cost pressure, it has taken some cost-cutting measures, such as outsourcing the manufacturing units to low cost countries like China and Sri Lanka, and laying off employees. Recently, the company has encountered a lot of people management issues. The lay-off measure has created a sense of insecurity among the existing employees, and attrition rate has become high. Since, most of the problems that the company is experiencing are people-centric, the company should take necessary steps to restructure the reward management system for motivating employees. This paper has touched upon the current ...

Introduction

Xerox Corporation is one of the leading multinational organizations having its reach over 180 nations and employing more than 140,000 employees. The company has diversified into providing services to four main areas including human resource, document management, healthcare and transportation other than the core area of providing photocopier services. Leading business and information technology systems have partnered with Xerox to get ultimate solutions to facilitate their systems and processes. Xerox provides optimal services in the area of technology so that firms can operate in an effective manner (Xerox Corporation, 2014).

Human resource practices in Xerox Corporation

Xerox Corporation believes that employees are its core ...

Introduction

Employees are the most important internal shareholders for the organizations, as they are the one who gives their time and efforts for the sustainability of the organization. In return, they need something that will satisfy their inner appetite completely (Dunne and Morris, 2008). There are two important types of rewards that can be given by the organizations to their employees, known as Intrinsic Rewards and Extrinsic rewards. Bonus, Perks and Remuneration are some of the important parts of extrinsic rewards. The think tanks of organizations always try to deliver the best employment services to their employees by managing the ...

Abstract

Performance appraisal and employee development practices that include rewards are part of performance management systems that promote the function of human resources management in an organization. Employees and managers of an organization suffer from many flaws that affect business operations either positively or negatively. Companies reward employees who fail because a successful innovation is preceded by a series of failures. The following research aimed at investigating how organizations reward failures and its impact. The research also aimed to answer the question as to what type of rewards do organizations give those who fail, and how effective are these rewards towards employees’ ...

The first principle that BUPA must adopt is that it must understand true costs. This company will make this achievement by using the standard cost component. This tool should be applied in budget preparation, pricing reporting and performance based incentive plans (Elliott, 2004). This is based on the increase in utility costs, which has decreased the operating surplus. In 2012, the operating surplus was £ 38,364,000. This was a decline from £ 54,202,000 in the previous year (Bupa Care Homes (CFG) plc, 2012). Understanding true costs will ensure that BUPA improves its costing control system. In this case, ...