...Human Resources Management | COMPENSATION POLICIES | Definition, Systems and Applications | Team 4:Sílvia DuarteJoão LimaLuís NetoHussan Shihabi Authors Note:This analysis is being submitted on November the 12th, 2015 for the Human Resources Management taught by Rocio Bonet for the Magellan MBA 2015-2016 program at Porto Business School – Associação EGP Universidade do Porto. | Table of Contents 1. INTRO 3 What is Compensation? 3 2. WHAT INFLUENCES COMPENSATION POLICIES? 3 3. INCENTIVE APPLICATIONS 4 4. EQUITY-BASED COMPENSATION 4 5. EXECUTIVE PENSITION-BENEFIT, WELFARE-BENEFIT AND PERQUISITE PROGRAMS 5 6. CASE APPLICATION: GOOGLE 5 7. CONCLUSION 5 Our assets walk out of the door each evening. We have to make sure that they come back next morning. Narayana Murthy 1. INTRO What is Compensation? Compensation is a methodology to provide monetary value to employees in companies in exchange for work performed. In the case of human resource management, compensation is can be as money and other benefits received by an employee for providing services to his employer. Money and benefits received may be in different forms. A compensation can be divided in four great categories. It can be classified as direct and indirect compensations. As direct method there as cash compensations they can be delivered as guaranteed pay, a fixed monetary reward paid by the company to its employees, the common form is a base salary. Other...
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...Intro Person-focused pay plans rewards employees for acquiring job-related competencies, knowledge, and skills. There are two types of competency-based pay programs such as pay-for-knowledge pay and skill-based pay. Incentive pay is defined as compensation, which varies according to a pre-established formula, individual or group goals, and company earnings. Incentive pay adds to base pay as a one-time payment. It is designed to control costs and motivate employee productivity. Body A person-focused pay programs can provide job enrichment and job security to employees. Through job enrichment, it creates a more basic way of motivating employees and an exciting work environment. This can also increase employees' flexibility. According to the job characteristics theory, employees will be motivated to perform jobs that contain a high degree of four core characteristics: skill variety, task identity, autonomy, and feedback. There are some factors that individual incentives need to have which include: incentives include quantity of work output, quality of work output, monthly sales, work safety record, and work attendance. There are four types of individual incentive plans. Piecework plans which reward workers for every item produced over a designated production standard. Management incentive plans award bonuses to managers when they meet or exceed objectives based on sales, profit, production, or other measures for their division. Behavioral encouragement plans award employees...
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...Ethical and Social Responsive Business Intro to Businesses Yolanda Cody Professor James Young Ruby Tuesday's vision gives value to their customers and a Phenomenal employment for their staff by showing their quality and joy in everything that is done. Ruby Tuesday has adopted a performance of business demeanor and ethics to confirm its commitment to conduct business. Adherence to laws, rules, and directive is the most important area in a company's code of performance. Complying with laws, rules, and directive includes preventing harassment, discrimination, and work place adherence. When companies are in full adherence with all laws, rules, and directive, they're not putting themselves at risk for the unhelpfulness towards their company. In 2007, the Rosen Family filed a suit against the company for their discrimination against their religious beliefs. It was believed that an employee in a location in Ohio, had intentionally burnt a Aureole in the bowl that their food had been served in. They believed the intent was brought up when a cook saw the Rosen's daughter wearing a necklace showing the star of David as she was entering the restroom. The Rosen family believed that upon the cook discovering that they were religion, the cook in turn discriminated against their religious beliefs. The family faced an emotional battle behind this event. This event is being stated to show just how important it is to train your staff/ employees properly so that events of...
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...Intro: Nordstrom, one of the nation’s top specialty retailers of clothing and accessories, was historically known for its superior, best-in-class customer service. The Nordstrom sales clerks, or “Nordies”, were famous for routinely going above and beyond what was considered common industry practice to ensure that customers received the best shopping experience imaginable. On the surface, this key competitive advantage was what set Nordstrom apart from other department store chains. But upon digging deeper into the incentive commission system that was in place, coupled with unclear guidance for mid-level managers on how to manage their sales teams, it soon became apparent that Nordstrom unintentionally created a hostile work environment that contributed to a huge drop in employee morale and led to a publically humiliating and costly class action lawsuit filed by the local union in Washington. This paper will attempt to explain the intended benefits and unintended consequences of Nordstorm’s incentive compensation system, how it motivated or demotivated its employees to behave in certain ways, and provide two possible solutions that could help foster a higher level of intrinsic motivation while retaining the spirit of the company’s key competitive advantage: its superior customer service. 3rd question (Unintended consequences of compensation system): The way in which the compensation system was structured by the sales-per-hour (SPH) ratio measurement, coupled with a lack...
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...Copyright Implications IT236 Intro to Web Design I This was an interesting paper for me to write as I had never thought of copyright and websites or affecting websites. Now that I have been taking and studying this class, I now realize the importance of copyright and how it affects the creation of a website, especially with all the hard work involved. Creating a website not only involves the creation, idea but all the hard work invested in it. This is were it is important to protect your website by implementing one of the two methods of protection which happens to be copyright. This is the primary source for legal protection, which is the most popular form of protection in use today. It is the easiest and most popular form of protecting ones website as it involves three items that have to be considered like ownership, notice and registration. You can’t use the work or image of someone else to create your own which is the same, as you cannot use another’s copyrighted work. This is as the copyright owner has rights not only for his work but also on any derivative works, which is created, based on the original work. The implications of copyright law is that it tis the legal use of the owner of a website that his website images aren’t copied or used by anyone else. Some components of copyright law include financial incentive, fair use of the website, the public domain, advances in technology and of course register copyright. It is very important that someone does copyright...
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...Week 3 Intro to Hospitality Management I read an article on in regard to eating meat “MEAT’S IMPACT” https://www.cspinet.org/nah/pdfs/meatsimpact.pdf And found that the article can potentially impact the restaurant industry if every person that frequents restaurants reads the article, and makes a conscious decision to better their health. The chance of this is likely less than a 2% chance, but if people as a group decide that they wish to benefit from changing their eating habits based on this article then it is likely that there will be a great reduction in the amount of meat that is consumed on a regular basis. The article indicates that there are many adverse effects that occur from the consumption of meat, anywhere from heart attack, cardiovascular disease to stroke, and colon cancer. So in most cases people will initially swear off the meat, but then remember meat is tasty. As with any food that is good to the palette, it is a double edged sword that shows us the product is very desirable, but we just need to remember that moderation is important to maintain a diet that will not end our lives in one way, or another. The article also mention other incentives to reduce the intake of meat such as, the amount of water it takes to produce the product, and the emissions of greenhouse gas caused from the production as well. Now, the last thing people are thinking when they are viewing a menu are things like how much water is required for this...
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...Intro to hedgefund Belongs to alternative - regulatory comoensation trading R: accredited standards, like 250000 above, of 1million or more after financial crisis net worth C: offer them based on how much they earn from client T: use leverage, so can take long (buy) or short (sell), can do whatever you want with the money After 2001 Classification Not fixed classification Futures funds Event driven Relative value (arbitrage = riskless) Equity Funds of funds 1st 4 are named single manager funds, underlying investments that do not invest in another hedgefund last F: invest in a diversified groups of funds fund mortality – no of hedgefunds that …. average lifespan of hedgefund – 4.4 years hedgefund fees***** management fees: collected regardless of fund performance, usually 2% drawn from customer, take reference to the initial year performance fees: incentive fees, eg. Beyond a certain level of money earned, I will draw a % of about usually 20% of the profit. Usually called: two-twenty fees Forprotection: You need to - achieve a high watermark provision – only pay fees only if net asset value increases from previous year. (have profit then have incentive) (only when you exceed the highest value of record like a high score, must break high score - hurdle rate: fee paid if the fund return exceeds a particular threshold example: to calculate the performance fee, must minus management fee first then take the percentage 250million...
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...Strategic Plan, Part III: Balanced Scorecard BUS/475 Intro A balanced score card is necessary when analyzing the objectives of a strategic plan. Mix and Go will be able to use this method as part of our strategic plan. The four areas of the strategic plan that can be analyzed using the balanced scorecard include: Financial, customer, internal operations, and learning and growth. Each one of these categories will be analyzed separately in order to understand each of their cause and effect relationships. The analysis starts by defining the objectives of each category, and then proceeded by the goals and initiatives of Mix and Go. The scorecard below is in table format to help develop an organized plan for reaching our business objectives outlined in the previous SWOTT analysis. See Score Card Below ------------------------------------------------- Financial Scorecard Objectives | Measures | Targets | Initiatives | Decrease the cost of packaging by offering Eco-friendly merchandise to package food in that is reusable | Increase in the amount of merchandise sold to new customers who return using their own packaging | Frequent repeat business, incentives for going green and helping reduce waste and lower our costs | This can be achieved by actively promoting the benefits of waste reducing and recycling in our store | Lower overall inventory costs while maintaining the highest quality of goods. | Inventory costs should match revenues to support the supply...
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...Coca-Cola Japan: Should tea be introduced? Outline of Report Coca-Cola Background Japan and its culture Japan’s Beverage and Tea Market Coca-Cola Japan and its success Coca-Cola Product Line Competition SWOT Analysis Research and Development Marketing Plan and Recommendations Coca-Cola Company Background Founded in 1886 by John C. Pemberton World’s leading manufacturer, marketer, and distributor of nonalcoholic beverage concentrates and syrups More than 300 brands Corporate Headquarters in Atlanta with local operations in over 200 countries around the world Two Business Sectors North American Coca-Cola USA Coca-Cola Ltd. = Canadian Operations Coca-Cola Foods = juice drinks International Greater Europe Latin America Middle and Far East Africa Japan in the 1980s Average Exchange Rates, Japanese Yen/US Dollar, 1970-87 Japanese Beverage Market Japanese Tea Market Places to Sell Grocery stores 5.1% annual average growth rate Convenience stores 15.8% annual average growth rate Restaurants Vending machines The Coca-Cola (Japan) Company 1957, established in Tokyo Due to trade regulations, focus attention on: Local connections Competitive environment Japanese culture 1961, trade deregulation policies Form strategic alliances with powerful Japanese corporations which allowed local acceptance of the product 1965, Coca-Cola best-selling soft drink in Japan CCJC Success Two main factors contributing...
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...STUDY GUIDE FINAL EXAM MKTG 2080 Review- Marketing Mix External (Macro/Micro) Environmental Forces Consumer Decision Process (need/search/alt. eval/purchase/post-purchase) Product- Product Lines (Width/Length) Types of Products (convenience/shopping/specialty) PLC Stages-intro/growth/mature/decline Price- Price/Quality Relationship New Material Chapter 10-Marketing Channels- Distribution/Channels/Place/Supply Chain Management (production to consumer) How channel members add value Types of Distribution Channels Multichannel/Disintermediation Vertical Integration Corporate-ex Sherwin Williams Contractual Integration-franchise Administered-Wal-Mart # of intermediaries (intensity of distribution)-intensive/selective/exclusive Logistics -Types of transportation (air, rail, truck, pipeline, water, internet, intermodal) Chapter 11 Retail-Types of Retailers Product-line based (specialty stores, department stores, c-store, supermarket, superstore, category killer) Relative-Price based (discount, off-price retailers, factory outlets, warehouse clubs) Atmospherics (five senses) Retail convergence, non-store retailing (internet, catalog, kiosks, HSN), pop-up stores Chapter 12-Promotion-how a company communicates about product offerings IMC- (adv, P.R., personal selling, sales promotions) Push/Pull strategy Advertising-Objectives (inform/remind/persuade) Budget (affordable/% of sale/competitive parity/objective-task) Execution Style...
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...Intro Literature review Renewable energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable (naturally replenished). About 16% of global final energy consumption comes from renewable, with 10% coming from traditional biomass, which is mainly used for heating, and 3.4% from hydroelectricity. New renewable (small hydro, modern biomass, wind, solar, geothermal, and bio fuels) accounted for another 3% and are growing very rapidly.[1] The share of renewables in electricity generation is around 19%, with 16% of global electricity coming from hydroelectricity and 3% from new renewables.[2] Wind power is growing at the rate of 30% annually, with a worldwide installed capacity of 198 gigawatts (GW) in 2010,[3][4] and is widely used in Europe, Asia, and theUnited States.[5] At the end of 2010, cumulative global photovoltaic (PV) installations surpassed 40 GW[6][7][8] and PV power stations are popular in Germany and Spain.[9] Solar thermal power stations operate in the USA and Spain, and the largest of these is the 354 megawatt (MW) SEGS power plant in the Mojave Desert.[10]The world's largest geothermal power installation is the Geysers in California, with a rated capacity of 750 MW. Brazil has one of the largest renewable energy programs in the world, involving production of ethanol fuel from sugarcane, and ethanol now provides 18% of the country's automotive fuel.[11] Ethanol fuel is also widely available in...
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...Intro to Economic Concepts Definition of Scarcity A situation in which human wants are greater than the capacity of available resources to provide those wants. 3 Parts: 1. People want it 2. There is a limited amount of it 3. It has more than one productive use Scarcity Scarcity vs. Abundance – people see many signs of abundance (e.g. cell phones, iPods) and also see resources wasted daily (e.g. water and food). However, as long as resources are limited and people’s wants are unlimited, scarcity (in the economic sense) will exist. Scarcity In economic reasoning, scarcity is a relative concept, not an absolute one. Scarcity does not mean “not plentiful.” In economics, something is scarce when it has more than one valuable use. = & Opportunity Cost Opportunity cost is what you give up to obtain something else, the second-best alternative. However, what you must give up is not money – it is whatever good or service you would have spent the money on as your next favorite choice. Goods v. Services Good – something that is tangible; it can be seen and felt. It requires scarce resources to produce and it satisfies human wants Goods v. Services Service – something that is intangible; yet it too requires scarce resources to produce and satisfies human wants Is it a good or service? Productive Resources L – land (and stuff from land) L – labor (physical and mental) C – capital (human-made...
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...Computer Ethics Angel L Rivera CIS106020VA016-1146-001 (Intro to Info Technology) Prof MERRITT, JENNIFER 8.7.2014 1-Describe two (2) potential computer ethics issues associated with holding computers hostage. A- Computer Crime: Attacks on Software through Back Doors or Trojan Horses- The intruder creates a malicious code just like they would to create other types of malware. The code is specifically designed to take control of your computer and then hijack all of your files. The files are then placed in an encrypted format so you no longer have access to them. B- Computer Crime: Attacks on People - Sabotage/Destruction of Data -If you fail to pay, the intruder is capable of creating additional malicious code that will destroy the content of your PC a little bit at a time until you pay up. Another type of ransomware presents itself in the form of a Trojan, which scans all of your PC's directories and drives, and then automatically encrypts all of your files so you cannot access them. The Trojan places the finishing touch on the intrusion by leaving a ransom note. 2-Propose two (2) methods that computer users could use to prevent this type of attack. A- Your best defense is to not click on e-mail attachments from unknown sources and avoid clicking anything in a pop up window that you receive while browsing the Internet. B- Make sure your anti-malware software has the latest and greatest definition files so that it is prepared for the current batch...
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...Intro: Act Gamification, the use of game elements; i.e. game thinking and game mechanics…. to promote desired behaviors among customers and employees. It has been a popular business strategy for decades. Loyalty programs, cereal box prizes, employee-of-the-month schemes, hidden tokens within apps — these are all examples. How are companies using gamification? Gamification vendors report that 47% of client implementations revolve around user engagement (Crossword), with brand loyalty accounting for 22% (Tim Hortons) and ‘brand awareness’ 15% of implementations. Here is an example of gamification in the context of brand awareness. (Monopoly) (Samsung campaign) Impressed by Samsung’s promotion? Late 2011 Gartner figures, project more than 70% of Global 2000 companies will use at least one gamified application by 2014. So, the overall gamification market is already sizable. Forecasts from two research firms, MarketandMarkets and M2, based on surveys of game vendors engaged in marketing, put the global market for gamification apps and services in the neighborhood of $400 and $500 million at year-end 2013. M2 Research sees the market growing to $2.8 billion by 2016. ************** The spike that we have seen since 2011 has obviously been driven by: 1. explosion of social media usage, 2. mobile revolution, 3. rise of big data, While just plain points, badges and other virtual goods may or may not have long lasting...
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...Critique #1 Intro to Psychology. Spring 9999. By: Michael Mikey A. Purpose of the study: 1. What was the purpose of the study? The purpose of this study was to test the hypothesis that immediate working memory (WM) would be impaired during moderate rising of blood alcohol concentration (BAC), and provision of a rewarding incentive for good performance under alcohol would counteract this impairment (Grattan-Miscio & Vogel-Sprott, 2005). B. Research questions: 1. What were the research questions? The research questions in this study were: a) Would the immediate working memory be impaired during moderate raising of blood alcohol concentrations (Grattan-Miscio & Vogel-Sprott, 2005)? b) Would provision of a rewarding incentive for good performance under alcohol counteract this impairment (Grattan-Miscio & Vogel-Sprott, 2005)? c) What is the result of reaction time and errors between each group after administering the Sternberg Memory Scanning (SMS) method (Grattan-Miscio & Vogel-Sprott, 2005)? C. Participants: 1. Who were the participants in the study? The participants in this study consisted of 72 healthy undergraduate students. The group consisted of 52 males and 20 females. The participants were randomly divided into 4 groups of 18 with equal amount of males and females. The groups were divided in the following: Group A: Group of 18 male and female participants given alcoholic beverages with no...
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