...employees, you have been asked to evaluate different compensation strategies that are available for adoption within your organization. Compare and contrast at least three compensation strategies and determine recommendations for how they may be implemented within your organization. Name: Henry Rivera I.D. #: 000318961 Reference Title Finding #1 Godfrey, W. (2013, January). Compensation Strategy for Success. Prezi. Retrieved from http://prezi.com/j9k9_m_2qiwn/compensation-strategies-for-success/ Sager, Suzanne. (2011, September). Merit Pay Most Often Used in Compensation in Public and Academic Librarians. Library Worklife. Retrieved from http://ala-apa.org/newsletter/2011/09/01/merit-pay-most-often-used-in-compensation-for-public-and-academic-librarians/ Ojimba, E. (2004, November 15). Salary Basics – Developing a Strong Compensation Strategy. Salary.com for Business. Retrieved from http://www.salary.com/Small-Business-Advice/advice.asp?part=par410 Finding #2 McGladrey. (2011). Lessons from Recession Increasing Focus on Incentive Compensation Programs. Retrieved from http://mcgladrey.com/Perspective/Lessons-from-recession-increasing-focus-on-incentive-compensation-programs University of Wisconsin – Green Bay. (2013, April 9). Compensation Philosophy. Retrieved from http://www.uwgb.edu/hr/documents/CompPhilosophy0401.pdf Finding #3 Gerhart, B., Milkovich, G.T., & Newman, J.M. (n.d.). Compensation Strategy. Answer, McGraw Hill. Retrieved from http://mhanswers-auth...
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...CPDC The CPDC (Cost per Double Click) designates the amount paid to the affiliate for a click on a link or on an advertiser's graphic element, followed by another click on the advertiser's site. CPM CPM stands for cost per thousand impressions (M is the Roman numeral for a thousand). This means the advertiser pays for every thousand times the advert loads on the publisher’s page. This is how a campaign is normally priced when brand awareness or exposure is the primary goal. The advertiser and the publisher negotiate a fixed amount that the advertiser will pay for every 1,000 times an ad is shown. CPM is a very simple payment scheme, assuming the two parties can agree on a method for counting impressions. There are often stipulations in the agreement, such that the ad can only be shown on certain pages of the publisher’s site, or can only be shown on pages with a limited number of other ads. In a CPM relationship, the publisher is primarily concerned with maintaining a high-quality audience that has well defined interests or characteristics. The advertiser is primarily concerned with creating a message that will be noticed by their target audience, because they pay for the impression whether or not the user actually sees the ad. In general, the more knowledge a publisher has about a particular audience, the higher the CPM that can be charged, because the advertiser is able to more clearly know who their message is being delivered to. One prominent...
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...Total Compensation Methods Paper Total Compensation Methods Paper In all businesses, a company needs to make sure that their turnover ratio is maintained while, at the same time, keep their best employees. Compensation and benefits are just two ways that a company can do such things. The company must know what each individual is looking for at the same time. Not all employees want the same thing. Some employees want the steady 40 hour 5-day a week salary job, while others may want 4-day weeks and more paid time off. By providing a proper balance of all items such as compensation, benefit programs, and salary, the administration of the company can keep their excelling employees and may not have to worry about a huge turnover ratio. Compensation Methods “Compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction.” (HR Guide to the Internet) In this type of economy, many businesses will start to freeze wages and stop giving their employees any type of compensation. However, this may hurt the employee morale. By giving out a reward for an excellent job performance at times, a company could see a bigger profit in this rough economy. There are a few different types of compensation methods. These methods include but are not limited to the following: • Commission • Overtime • Bonus • Expense Allowances ...
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...Bailey DeVry University Professor: Patricia Meunier-Muenks HRM-430-67386 Compensation & Benefits Compensation Challenges for Wisconsin Electric April 16, 2016 Executive Summary The point of this paper is to look at the compensation challenges inside of Wisconsin Electric (WE Energies) and make a pay methodology that will benefit the organization, as well as the representative. With the steady change in today's business world, to have an upper hand makes it troublesome for managers to pull in and hold the most skilled representatives. Recognizing the organization's compensation procedure guarantees the organization offers the right pay and pay increases in compensation to keep top employees. When we hear the word compensation we consider paying a worker for their work performed, however, there is substantially more to compensation. Compensation and benefits, "incorporates not just compensation, but also the direct and indirect rewards and advantages the representative is furnished with consequently for their commitment to the organization. To decide compensation, companies should build up a pay and compensation program that diagrams a fair process for repaying workers" ("Compensation and Benefits," n.d.). This approach is a critical piece in helping HR to deal with staying aggressive and successful in the worldwide business sector. All through this paper we will talk about the compensation and benefits methodology of WE Energies and recommendations on the most proficient...
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...Job Interviews: Illegal and Unethical Question MGT 411 Information Systems For Managers In today’s society people are hired for employment on a daily basis. The interview process is not one to be taken lightly. As an interviewer there is a need to know the basics of communication to potential candidates. Illegal and unethical questions are still an issue in today’s workplace environment. Many students are already interviewing for jobs. A person must know their rights in order to protect oneself in a job interview. In this paper I would like to discuss the personal interview, as well as illegal and unethical questions, which should not be used in the interview process. The personal interview is a logical and necessary part of the process of making hiring decisions. However, it can be filled with unethical and illegal questions. The simple truth about the job interview is that any question that tries to get at an individual’s personal attributes, orientations, or background is illegal. Employers cannot ethically or legally ask you about personal matters. The interview questions must be kept to job requirements and to the qualifications of the applicant for that job. There are specific things that cannot be asked in a job interview. In any situation, making race a factor in the hiring decision process is illegal. However, it is legal for an employer to ask an applicant if he or she is legally authorized to work in the United States on a full-time...
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...Name:Aksamal Akhmetova Date:08.10.2015 Directions: Read the assignment below and the attachments then answer the question(s). **Make sure you refer to the attachments. Assignment: You currently work in Human Resources as the Benefits Manager and part of your responsibilities is Workers’ Compensation. Anytime an employee is injured at work, they are to contact you to report it. You then have to report it using the attached OSHA Forms; however, first you have to determine if it is a reportable incident/injury. Read the reported injuries/illnesses below that you have received and based on the attached OSHA information, answer the questions. ------------------------------------------------- Question: 1. John Smith called at 8:35 am, while walking from his car into the building he works in (DAC building), he slipped on the ice and fell. He can’t put any pressure on his right foot and is in a tremendous amount of pain. You tell him that he needs to have it seen right away. John’s friend works right next to him and decided to drive John to the Walk-In-Clinic around the corner. A few hours later John Smith calls you to tell you that the doctor has confirmed he has sprained his right foot by the completed x-rays and that he should remain off the foot for the remainder of the day but can report back to work tomorrow on crutches. a. Is this a reportable injury/illness? (refer to pages 2-4 “Overview...
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...the female supervisors to discuss the results of the compensation study and apologize for the pay gap. Then I would inform them that they will receive salary increases effective immediately. Thirdly, I would have an open discussion regarding back pay. I would explain to them that while I intend to compensate them fully which would include back pay; I would like to discuss payment options related to the back pay. I would ask them to consider allowing the company to setup an installment plan for their back pay. I would present the proposition in such a way that it would allow the females to negotiate the time frame for payments. I set up the situation in such a way that I can exceed their expectation for example asking them to allow the company to pay them in installments over the course of the next five years when in fact we would really like to pay them over the course of three years. I would not discuss how the salary inequity occurred, however I would definitely discuss the policies and procedures that I would be establishing to prevent this situation occurring again. , I also would reiterate how much I truly value them as employees. Lastly, I would have a meeting with all of the supervisors to inform them that I would be making adjustment to some of the salaries to ensure that all employees are compensated equally across the board. The new compensation plans would presented at this time as well. Anyone with questions regarding their individual salaries could meet with...
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...Discussion Questions for Gillette Case (Final Project) Adv. Topics in Int. Biz 1. What were the possible synergies and forces propelling the merger between P&G and Gillette – as well as the history of other takeover attempts for Gillette? 2. In light of Gillette’s large increase in value during James Kilt’s tenure, was his compensation reasonable? Was his pay package in the best interest of shareholders? 3. Evaluate the P&G offer. Make a list of the positive and negative aspects of receiving shares or cash from both the perspective of P&G and Gillette shareholders. 4. Compare the valuation analyses in Case Exhibits 6 and 7. Why are they different? Support and defend the validity of using each valuation method. 5. Should investment bankers and companies spend their time appeasing politicians worried about the effects of possible merger? Are politicians representing the interests of the American public when they question the merits of a deal? Also evaluate the role played by federal and international regulators. Is there any better solution to the complicated regulatory process? 6. Evaluate the role played by Warren Buffet in the merger. Should the support of one investor be a deciding factor in the completion of an M&A transaction? * You are required to answer these discussion questions. The due date for this case analysis is by Dec. 16 by 5 PM (in class). The length of the report is expected to be 8-10 pages (excluding graphs...
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...Time Elapsed | 2 hours, 0 minute out of 2 hours. | Instructions | This quiz consist of 30 multiple choice questions. The first 15 questions cover the material in Chapter 6. The second 15 questions cover the material in Chapter 7. Be sure you are in the correct Chapter when you take the quiz. | * Question 1 3 out of 3 points | | | What was the main effect created by the revisions to the ADA regulations passed in 2008?Answer | | | | | Selected Answer: | It is now easier for an individual seeking protection under the ADA to establish that he or she has a disability within the meaning of the ADA. | Correct Answer: | It is now easier for an individual seeking protection under the ADA to establish that he or she has a disability within the meaning of the ADA. | | | | | * Question 2 0 out of 3 points | | | Valid and reliable job evaluations result from which two conditions?Answer | | | | | Selected Answer: | The results are consistent; data was taken under similar conditions. | Correct Answer: | data from multiple sources; using multiple collection methods | | | | | * Question 3 3 out of 3 points | | | Universal compensable factors are derived from which federal Act?Answer | | | | | Selected Answer: | Equal Pay Act | Correct Answer: | Equal Pay Act | | | | | * Question 4 3 out of 3 points | | | These indicate the name of each job within a company's job structure.Answer...
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...Managerial Accounting Discussion Questions: Polysar Assignment Questions: Answer questions 2, 4, and 5. 1. What method/formula is used to allocate fixed costs to the product and how are fixed product costs transferred to the income statement as cost of goods sold? a. Use this equation to calculate the Standard Fixed Costs of actual and budgeted production volumes for the 9 months ending Sept. 30, 1986. (Check your results against Exhibit 2.) b. Demonstrate how the cost of transfers from NASA (bottom, Exhibit 1) are derived given the volume of transfers from NASA (top, Exhibit 1). What must be true of the cost of transfers from EROW ? 2. Examine the Actual and Budgeted Fixed Costs of Exhibit 2. Show the calculations used to derive actual and budget: a. Standard b. Cost Adjustments (HINT: the cost adjustment hinges on the answer to question 1b) c. Volume Variance 3. As Choquette, what evidence would you present to the Polysar Board of Directors during the upcoming performance review of NASA Rubber Division. Pay particular attention to questions that may be raised concerning the accuracy and meaning of volume variances. 4. In light of the current compensation plan, what sales and production strategy is Henderson (EROW Division) likely to choose? What would Choquette (NASA Division) prefer? 5. Suppose EROW is operating at capacity and would like to purchase additional rubber. If EROW could buy the rubber from an external source (and not...
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...To develop your primary data research skills To encourage you to develop a wider network within the business community Procedures: Choose one of the following topics: 1. 2. 3. 4. 5. Careers in Training and Development Careers in Human Resources Careers in Benefits Careers in Compensation Careers in Recruitment 2. Select a company in the surrounding area as the focus for your paper, and ask who is the individual there who holds the position you wish to research. 3. Identify an appropriate individual; (not a relative, a professor or another student) who holds an HR position with responsibilities in the area you are researching. Don't be timid about asking - companies are usually very receptive to students. Schedule a 20-30 minute interview with them. Don't wait until the last minute for this - interviews sometimes must be rearranged to accommodate travel schedules, emergencies and other priorities - give yourself plenty of leeway! 4. Develop appropriate interview questions. The questions must be in written form and a copy of your questions will need to be attached to your paper as an appendix. You'll probably want to read up on your subject before you formulate the questions. Many of your questions should center around the career path that the individual has followed to get them to their current position and the duties that make up their day. 5. Conduct your interview with your subject, and analyze your interview results, comparing the information you obtained to the expectations...
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...------------------------------------------------- ------------------------------------------------- Your name (Please print)_______________________________________ ------------------------------------------------- ------------------------------------------------- Student ID #________________________ Section_________________ ------------------------------------------------- AssessmentNo. | Assessment | Completed | 1 | How satisfied are you with your present job? Answer questions on p. 57 | | 2 | What is my Big 5 personality profile 5? Answer questions on p.82 | | 3 | What is the status of my acquired needs? Answer questions on p.150 | | 4 | What rewards do I value most? Answer questions on p.201 | | 5 | What are my signature strengths? Answer questions on p.244 | | 6 | Group and Team role preferences scale. Answer questions on p. 259 | | 7 | What is your preferred conflict handling style? Answer questions on p.351 | | 8 | Corporate culture preference scale. Answer questions on p. 501 | | | | | | | | ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Please write out the UNCG Academic Integrity Policy statement and sign your name here: ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ...
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...Instructions for the FAP: Field Application Project Handbook Professor Katherine Klein MGMT 621/653 June 2012 This document is a resource for you to use as you plan and carry out your team’s Field Application Project for this class. As described in detail below, you and your team will gather data within an organizational unit, diagnose the challenges the unit is facing, and prescribe action steps the unit can take to overcome these challenges and realize new opportunities. The process of carrying out the FAP is both challenging and rewarding. You will gain valuable knowledge and experience as you work with your team, gather and analyze data to gain an understanding of the roots of the unit’s management dynamics and tensions, and propose a course of action to enhance the unit’s effectiveness. Each year, the FAP reports and presentations are incisive, constructive, and fascinating. I look forward to talking with you about your FAP over the course of the semester and to reading about and hearing your team’s FAP findings and recommendations. CONTENTS 1. Introduction to the Field Application Project 2. Timetable / Project Requirements 3. Choosing a Site 4. Gaining Access 5. Working in Your Study Group 6. General Principles and Guidelines for Data Collection 7. Strengths and Weaknesses of Different Data-Gathering Approaches a. Archival Data b. Interviews c. “Shadowing” Job Incumbents ...
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...general manager, and will help with workplace improvement. This report was created by Team B consultants and includes data and recommendations to further understand and reduce the causes of the high turnover rate. The turnover rate for DMC has been at the industry standards of 55 to 60%. However, in the last four months it has risen to over 64%. Use of sick time has increased and a large number of workers waste their time every day. Debbie Horner, HR manager, has created a survey for workers to express their opinion about the work environment. This survey asked morale and demographic questions to help with the coding and analysis of the data. The survey will help find the reason for the high turnover rate. In the survey in which, Ballard Integrated Managed Services Inc. had presented to its employees, the levels of measurement vary from question to question. In the first ten questions, the employees are asked...
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...Social Media’s Effect on Learning: Does it Improve Educational Outcome? Abstract Due to the increasing importance of social media, previous research has been conducted to assess the validity that media improves learning. With the implementation of social media in education, researchers within this study will like to access technology’s effects on pre-school aged children. Before the conduction of this study, researchers will be taking a sample of 60 children and analyzing their pre-test and post-test scores. Researchers hypothesize that children will score better on their test after learning the concepts through media. After analyzing the results, researchers hope that this data will be able to generalize to the target population. Methods Participant Subsection By studying the effect of social media on learning, researchers will need to utilize a population in which learning is a critical aspect within their lives. In order for the population to be represented accurately, the sample would need to have results that are valid and reliable. The proposed population will be children between the ages of four and five within the Metro Atlanta region. This population was chosen because children experience the most cognitive development during this time (Children Now, 2013). This population is also the most accessible to the researchers. While demographics do limit to four and five year old children, researchers will not specify any other requirements, such as sex, in order to...
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