Compensation And Benefits Of Employees - 921 Words

You are the HR manager of a relatively new retail company that has both retail stores and Internet sales. Your company is steadily growing in revenue and profitability. The company realizes that in order to retain the solid, highly productive workforce it currently has in place, it is important to enhance the base compensation and benefits package offered to the employees. The company currently offers a basic compensation program and only federally mandated benefits. Employee surveys suggest the compensation and benefits program may be out of date. Employees are beginning to consider leaving the organization. 1.Propose two (2) methods an HR professional could use to determine incentive pay. Specify the principal manner in which the†¦show more content†¦The merit increase is normally given on th e basis of an employees having achieved some objective performance standard, although a superior’s subjective evaluation of subordinate performance may play a large role in the increase given. Merit raises can serve to motivate if employees perceive the raise given to be related to the performance required to earn them. Merit pay plans establish an effort performance and performance reward link, if an employee’s effort leads to successful performance, the employee is rewarded by the organization. In consideration to group and company performance if the individual performs well, the reward is granted regardless of how well others have performed their jobs or how well the company, as a whole has done. Pay for performance incentives such as gain sharing which is a program which measures increases in productivity and effectiveness and distributes a portion of each gain to employees. (Noel, p.379). With gainsharing the organizations have determined that total quality may be best achieved through effective teamwork. Gainsharing plans offer employees a cash reward for meeting or exceeding goals based on the collaborative performance of a team of employees. Unlike individual incentive plans gainsharing plan allows the employees to know what needs to be done to achieve a payoff. The formula is stated in objective terms and protected from management bias. Gainsharing also encourages the employeesShow MoreRelatedCompensation And Benefits Of Employees1446 Words   |  6 PagesCompensation and Benefits When most people thing of compensation and diversity in the same category, they assume the discussion will be under the umbrella of discriminatory practices against women and minorities. However, compensation and benefits are tools at the disposal of human resources professionals for recruiting and retaining a diverse employee pool even in the absence of a formal diversity management programs. Like a properly executed training and development program, benefits packages canRead MoreEffects of Globalization: Compensation and Benefits for Employees677 Words   |  3 PagesCompensation and Benefits The process of globalization has numerous significant effects on countries, organizations, and individuals. These effects can be observed in the quality of products, in their prices, but also in their availability. Because of globalization, numerous companies prefer to expand their business on international level. Some of them outsource some of their processes and activities to cheaper destinations that allow them to reduce their investments. But globalization alsoRead MoreEmployee Compensation Programs Essay1416 Words   |  6 PagesBenefits have most definitely changed throughout the past years. According to Compensation, during 1880 people worked approximately 14 hours every single day except on Sundays and would only receive a raise if they stayed with the company for five years and if the company prospered during that time (Gerhart, 2011, p. 414). Over the next couple of years, employees began seeing work hours change from 60-64 hours per week to 54 hours by the year 1930. Eventually, employees were able to have holidaysRead MoreThe Implementation Of The Apple Company1657 Words   |  7 PagesThe Apple Company satisfies most of its employees using its comprehensive compensation plan that includes all workers irrespective of their positions. To start with, it is among the most profitable companies in the world and it focuses on the manufacturing and designing of software and electronics. Additionally, its most pop ular hardware devices are iPod, Mac Book, iMac, and iPhone, which make significant contributions to the company’s profits. The software devices that it manufactures are iTunesRead MoreConsiderations for Compensation and Benefits1442 Words   |  6 PagesConsiderations for Compensation and Benefits Abstract Compensation is one of the most important considerations perspective employees will make prior to accepting a job offer. For this reason, another performance of Human Resource (HR) professionals is the compensation analysis. The focus of the analyst in this position is to use strategy in formulating compensation and benefits packages that are attractive and conducive to maintaining talented employees (Editorial Board, 2011). As another criticalRead MoreLeveraging Labor Relations1366 Words   |  6 PagesCompensation and Benefits Leveraging Labor Relations Companies are interested in leveraging relationships with their employees in order to improve the quality of the health care they provide. Labor relations refer to managing situations between companies and their employees in different unions. This activity is usually attributed to human resources management. Therefore, this ensures that the objectives of the company are reflected by these relations. It is important that companies try to improveRead MoreThe Importance of Compesantions and Benefits781 Words   |  3 PagesCompensations and Benefits Compensation and benefits are vital in maintaining morale/satisfaction, encourage performance, and organization loyalty. Furthermore, it helps an organization to internal and external equity and reduce turnover. FedEx is an industry leader in US air freight and maintain high revenue growth while controlling market share. As stated in the case, FedEx was changing the traditional pension plan to a cash balance plan due to recent accounting rule changes and employees desiredRead MoreCompensation and Benefits Essay1427 Words   |  6 PagesCourse Project The Compensation and Benefits of the Dooly County School System [pic] Renee Bowens HRM430 Professor Eureka Hampton August 16, 2009 DeVry University Abstract This report will show what compensation and benefits are offered to the employees of Dooly County. It will also show how a sick leave bank would benefit the employees that have exhausted their sick and personal leave days in order to care for themselves or their families. I hope this paper will show readers thatRead MoreBenefits And Benefits Of Ford Motor Company1657 Words   |  7 Pageslocated in the United States of America. The company has employed thousands of employees across the world. Any successful company must provide its employees with a good compensation and benefits plan to remain competitive. As a result, this study focused on researching the types of compensation and benefits plans Ford Motor Company offered to its employees. The study found out that the company offers compensation and benefits plans such as base pay, variable pay, insurance (health, risk, and life), holidayRead MoreAssignment1202 Words   |  5 PagesCompensation Management in corporates amp; components of compensation | By Regu Krishnan   Dy. Manager Ford India    | Introduction:- The increasing competitiveness of the labour market and turnover of employees had resulted in nightmare in compensation planning. Apart from this, the growing demands of the employees and competitive salaries offered by multinational companies had almost resulted in a compensation war in certain industries. Therefore, the human resources managers

Attention Deficit Hyperactivity Disorder ( Adhd ) - 928 Words

The most common mental disorder children are diagnosed with is Attention Deficit Hyperactivity Disorder. 11% of children in the United States have been diagnosed with ADHD as of 2011. The number of children being diagnosed each year in the past decade has increased 5% per year as of 2003(â€Å"Centers for Disease and Control†, 2015). ADHD is a mental disorder in children that makes it harder for them to pay attention. The children diagnosed with ADHD are usually hyperactive and show signs of impulsive behavior. Children with ADHD have a hard time with following directions, talk nonstop, run around a lot, are very impatient, and play with everything they see (â€Å"National Institute of Mental Health†, 2013). There is not an exact medical test that can determine if a child has ADHD or not. A doctor examines a child for symptoms of ADHD. A child can be diagnosed with predominantly inattentive presentation or predominantly hyperactive-impulsive presentation, or they can be diagnosed with both. Children have to show at least six or more symptoms in each criteria to be diagnosed with ADHD (â€Å"Center of Disease and Control†, 2015). These symptoms must be at least be present for 6 months in a child and affect their ability to perform in multiple settings like at school and home. The main problem is being able to successfully diagnose the mental disorder in children. There are many factors involved that go with diagnosing a child s with ADHD, which can lead to under-diagnosing, misdiagnosing,Show MoreRelatedAttention Deficit Hyperactivity Disorder ( Adhd )1710 Words   |  7 Pages Attention-deficit hyperactivity disorder or ADHD which is often referred to as childhood hyperactivity, it s a severe and chronic disorder for children. 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Educators must also realize that evenRead MoreAttention Deficit Hyperactivity Disorder ( Adhd )1495 Words   |  6 Pagesoccasionally forget to do their homework, get fidgety when they lose interest in an activity, or speak out of turn during class time. But inattentiveness, hyperactivity, and impulsivity are all signs of attention deficit hyperactivity disorder (ADHD). ADHD is a neuro-development disorder and can start as early as three years old throughout adulthood. People with ADHD have trouble focusing on tasks and activities, this can have a negative impact on the individual in different ways. It can make the child feelRead MoreAttention Deficit / Hyperactivity Disorder ( Adhd )1699 Words   |  7 Pageshas had some difficulty sitting still, paying attention and even controlling impulsive behavior once or twice in our life. 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Caucasian children are least likely to have ADHD. 2.5 million children receive medication for ADHD, but African American childrenRead MoreAttention Deficit Hyperactivity Disorder ( Adhd )1002 Words   |  5 PagesAbstract There are many disorders that are first diagnosed whether it is during infancy, childhood or adolescence. The disorders range from intellectual disabilities, learning disabilities, communication disorders, all the way through to elimination disorders. Attention-deficit and disruptive disorders are the most common. All including AD/HD, conduct disorder, oppositional defiant disorder, and unspecified disruptive disorder. Attention deficit hyperactivity disorder is one of the most commonRead MoreAttention Deficit Hyperactivity Disorder ( Adhd )1058 Words   |  5 Pagesfrom disorders such as Attention Deficit Hyperactivity Disorder (or ADHD/ADD.) While much is known about these disorders and how they affect the education of children, there are only a few known methods that consistently help an affected child focus and target in on what they need to learn. Medication for children With Attention Deficit (Hyperactivity) Disorder must be used as an aid to help the affected child to focus and comprehend information being presented to them. Children with Attention DeficitRead MoreAttention Deficit Hyperactivity Disorder ( Adhd )978 Words   |  4 Pagesin diagnoses of attention deficit hyperactivity disorder (ADHD) in children since the 21st century. Per the Centers for Disease Control and Prevention the increase has been seen as a difference from, â€Å"7.8% in 2003 to 9.5% in 2007 and to 11.0% in 2011† (p. 4). Many questions arise concerning why the numbers are on the rise, especially when boys are 7.6 percent more likely than girls to receive the diagnosis of ADHD. When should the line be drawn between a disorder, and hyperactivity that comes withRead MoreAttention Deficit Hyperactivity Disorder ( Adhd )1552 Words   |  7 PagesATTENTION DEFICIT HYPERACTIVITY DISORDER Seth was a second grader at West Elementary. He constantly got reprimanded by his teachers for not paying attention in class. He could not understand the information given to him during the school day. He thought he was stupid and useless. But he was not. His parents got him tested by a doctor for ADHD. He is one of many kids in the United States who have been recognized as having it. Attention Deficit Hyperactivity Disorder is a major issue in the educationRead MoreAttention Deficit Hyperactivity Disorder ( Adhd ) Essay700 Words   |  3 PagesWhat is ADHD? Attention Deficit Hyperactivity Disorder (ADHD) affects almost 10% of American children between 13 and 18 years old, as well as 4% of U.S. adults over 18. Only a licensed mental health professional can provide an ADHD diagnosis, after a thorough evaluation. ADHD has three primary characteristics: Inattention, hyperactivity and impulsivity. Inattentive: Are effortlessly distracted, fail to catch details, are forgetful, and regularly switch activities. Find it difficult to focus

Corporate and Commercial Law Management Pty Ltd.

Question: Discuss about the Corporate and Commercial Law for Management Pty Ltd. Answer: Introduction In order to maintain the rules and regulations of a country as well as for performing activities within the country the country usually has some certain law that govern the citizens of the country. In order to perform business activities within a country the business or corporate laws of that specific country must be abide by the corporate as with these corporate laws the business of the country governs. In Australia, there is Corporation Act 2001 and this Act is designed to govern the industry sector of Australia. The corporation Act is an important Act of the Commonwealth of Australia deal with the business entities of Australia at federal level as well as interstate level (Harris, 2013). All the laws related to the business organization and the business activities use to govern by this Corporation Act 2001 in Australia. The corporate Act enforces numerous additional fiduciary duties for the directors and controllers of the business organizations, which are incorporated under the l egislation or Act of Corporation Act 2001. As per the corporation Act 2001 (Cth), Division 3 section 197 the directors possess certain power in the organization and at the same time they have to perform some duties and responsibilities on behalf of the organization and they are liable to meet certain standards in order to deliver their performance (McQueen, 2009). Moreover, they are liable to the stakeholders of the organization and the investors can sue them for their deteriorating or substandard performance as per the law on breach of duty of care, skill and diligence. Main Context Corporations Act 2001 The corporations act states number of additional duties on the directors of a company. The officers of a company should comply with corporations act to carry their duties. According to the corporations act, officers are required to: Act in a proper manner and in good faith Act with diligence and care Avoid inappropriate use of the information Avoid inappropriate use of the position Disclosing certain interest Corporations Act section 180 provides civil obligations that an officer or a director should exercise a degree of diligence and care in the discharge of the duties and in exercise of the powers (Symon, 2006). The requirement for an officer or a director is to apply a reasonable a degree of diligence or care would be satisfied where they: Make an appropriate judgment for an appropriate purpose and in good faith. Do not take decision to fulfill their personal interest Take decisions and judgment for the development of the organization It is very important for the officers to satisfy the required levels of diligence, skills and duty of care. They should take an active step in the development of the company and understanding the rules and policies appropriately (Mallett, Kendall and Boyd, 2007). The section of 181 of corporation act states that officers and directors should discharge their duties and power in best interest of the company, in good faith and for an appropriate purpose. The section of 184 (1) of corporation act states that a breach of duty would be consider as a criminal breach if the director or officer behave in a reckless manner. The section 183 of corporation act states that the officers of a company must not use the information for personal benefit. The section 182 of corporation act provides civil obligation that forbid an officer or director from making an improper use of their positions to gain a benefit. Therefore, if an officer breaches his duty then it would be considered as criminal offence (Australian corporations legislation, 2010). The corporation act 2001 states breach of the statutory duties can lead to penalties under the act that ranges up to $200,000. The act states that an officer of a company is liable personally for the breach of the duty of care, diligence and skills. Therefore, officers are required to act for an appropriate purpose and in good faith, act with diligence and care, avoid inappropriate use of the information and position and disclosure of the interest (Homburg, 2008). Relevant case According to the Corporation Act 2001 Section 197 the directors of an organization are liable for the debts as well as the other obligations, which are incurred by the organization as a trustee of that organization (Mitchell, 2011). As per the law a director of a company is liable to discharge the entire or part of the liability incurred by the company in case of the company has not fulfill the liabilities or cannot fulfill the liabilities or unable to fulfill part of the liabilities of the company. In case of the company is not entitled to be completely covered against the liability incurred by the company, out of the trust asset exclusively as the violation of trust by the company, the company performing exterior to the scope of the power of the directors in the company. In case of deny by the trust or restricting the corporation right to be covered against the liability is also not entitled to be completely indemnified against the liability out of the trust assets. The directors a re usually liable individually as well as jointly with the company (Symon, 2006). The directors do not have any liability under the subsection (1) in case of the director entitled to be completely indemnified by the other directors of the company. Corporate Debacle The Trio Group collapsed which was the largest superannuation scam in the Australian history. Approximately $176 million of investment funds of Australians either missing or lost. Due to this collapse, more than 55,000 investors were affected. The government of Australia provided compensation to investors of about $55 million who had invested in the group. The Australian securities and investment commission and Australian prudential regulation authority took actions against the people and officers involved with the group which include former and current directors, financial advisors and auditors (Washington, 2010). The actions taken by the government included prison sentences of three years, suspension of the Registrable superannuation entity license, enforceable undertakings ad cessation or cancellation of the Australian financial services licenses. In the late 2003, the collapse of the group commenced when the write global asset management Pty ltd purchased funds management busines s in the Albury, New South Wales. The directors of the Write Global were Mr Matthew Littauer, Mr Cameron Anderson and Mr Shawn Richard. They became the directors of the Tolhurst Funds Management Pty Ltd. The director Mr Richard became the main figure of Trio Group for the collapse. The following directors changed large number of companies such as Tolhurst Funds Management Pty Ltd was renamed as Astarra Funds Management Pty Ltd and a subsidiary of the Astarra Funds Management was reamed as Trio Capital Limited. The RSE license was held by Trio issued by the APRA (Watson, Gleeson and Higgins, 2013). The company was the trustee of Apra superannuation funds and a superannuation trust. The Trio was responsible of 29 managed investment schemes. Therefore, the officers of the group are liable for the breach of the duty of care, diligence and skill. Examining the law on breach of duty of care, skill and diligence The examination of the role of the directors on the basis of duty of care, skill and diligence is dependent on the management of the corporation. In general terms the board is responsible for the provision of the strategic planning and thereby the strategic planning helps in the creation of the appropriate corporation with providing the knowledge about the business and the financial affairs of the corporation. In discharging the mandate to manage the corporate affairs, the board must comply on the objects of the corporation of the laws as stated by the patent letters and the articles of the incorporation (CASSEL, 2016). The creation of the examination of the breaching of the law helps in the creation of the interests of the shareholders with the creation of the interest and the shareholders that are helpful for the creation of focus on the role of the directors with the creation of the incorporation and the henceforth helps in the creation of the establishment of the rules. The direc tors help in the creation of the power with the creation of the competence and the diligence helps in the creation of the best interests and thereby the corporation is seemed to be enhanced with the creation of the fiduciary duty. The fiduciary duty is enacted because the obligation of the governing bodies with the creation of the appropriate legislation boundaries and the standard of the care (Cope, 2006). It henceforth enhances the attempt of the combination of the court decisions with the creation of the attempt of the resources and thereby the legislations are seemed to be under the content of the non-corporation laws. The trust must be established for the motive of creation of the profit and thereby the corporation organized helps in the creation of the duty of the loyalty. The case provided in this report helps in the establishment of the breaching of the fiduciary acts that are helpful for the enhancement of the case with the establishment of the contracts and the torts. The duty of loyalty with the creation of the direction helps in the creation of the honesty and the faith with the creation of the implications that are seemed to be avoiding all the situations and also the general bounding helps in the creation of the conflicts in the interest (Griffith, 2008). The Duty of the skill helps in carrying out the obligations made in the non-profit corporations with the achievement of the degree of the skills and also helps in the creation of the common law known as the substantive law. Under the common corporation Act under the provincial incorporation helps in the creation of the statutes with the construction of the standards thereby it also helps in the construction of the standard of the care in the form of the higher skills with the creation of the abilities in order to make the stand reforms (Yip, 2015). The reasonable limitation must be focused for the enhancement of the decisions overseeing the materials of the corporation. The advice of the professionals must be considered with the clarification of the aspects of the operation of the corporation and also helps in the certifying certain limitations with supervising the roles of the senior management. The Duty of diligence provides the appropriate management of the initiative taken for attending the meetings also helps in resolving the issues that are identified in all aspects of the organization with keeping in view the enhancements of the organization. Under the acts of the corporation, the requisite particular skill level is determined with acknowledging the knowledge and the skill level. The implications lay in variety of the skill levels and thereby it also helps in the creation of the regular board meetings with informing the knowledge of affecting the corporation. The practical implications provides the requirement of calling he annual meetings with the consideration of the awareness towards the policies and also the management is also seemed to be crucial for the enhancement of the program with the appropriate execution of the information provided about the program (Lowry, 2012). The implementation of the screening protocol helps in the consideration of the addressed issue s with the enhancement of the protocols considered. Conclusion The corporate and commercial law helps in managing the business activities within the specific country or territory. With the corporate law the government or authority control the business activities of a certain constituency as it govern the business communities of that particular constituency. It helps the business organizations to perform their activities by meeting the entire terms of the legislations of the constituency. In Australia, the Corporation Act 2001 is made for governing the business activities within the Commonwealth and Federal constituency (Harris, 2013). As per the Act the directors of the organization or the management authorities who govern the organization have some certain duties and responsibilities along with the power to govern the organizations. Moreover, the directors have to perform some additional duties. According to the corporation Act 2001, the directors should perform their duties with proper manners and in good faith; they should act with diligence and care. Beside this the directors of the organization must avoid improper usage of the position as well as must use the information properly. Apart from this the directors should not disclose certain information, which hinder the development process of an organization. References Australian corporations legislation. (2010). Chatswood, N.S.W.: LexisNexis Butterworths. Homburg, J. (2008).Cornerstone law series. [Adelaide]: Law Society of South Australia. Mallett, J., Kendall, K. and Boyd, B. (2007).ASIC's processes for receiving and referring for investigation statutory reports of suspected breaches of the Corporations Act 2001. Canberra: Australian National Audit Office. Symon, H. (2006).Corporations Act 2001. Melbourne: Leo Cussen Institute. Washington, S. (2010).Trio debacle could cost $180m-plus. [online] The Sydney Morning Herald. Available at: https://www.smh.com.au/business/trio-debacle-could-cost-180mplus-20100518-vc8b.html [Accessed 12 Aug. 2016]. Watson, J., Gleeson, J. and Higgins, R. (2013).Historical foundations of Australian law. Annandale, N.S.W.: Federation Press. Harris, J. (2013).Australian corporate law. Chatswood: Butterworths. McQueen, R. (2009).A social history of company law. Farnham, Surrey, England: Ashgate Pub. Mitchell, R. (2011).Law, corporate governance and partnerships at work. Farnham, Surrey, England: Ashgate Pub. Symon, H. (2006).Corporations Act 2001. Melbourne: Leo Cussen Institute. CASSEL, D. (2016). Outlining the Case for a Common Law Duty of Care of Business to Exercise Human Rights Due Diligence.Business and Human Rights Journal, 1(02), pp.179-202. Cope, M. (2006). A Comparative Evaluation of Developments in Equitable Relief for Breach of Fiduciary Duty and Breach of Trust.QUT Law Review, 6(1). Griffith, R. (2008). Abuse and the law: a breach of duty.Nurs Residential Care, 10(7), pp.357-361. Lowry, J. (2012). The Irreducible Core of the Duty of Care, Skill and Diligence of Company Directors: Australian Securities and Investments Commission v Healey.Mod. L. Rev., 75(2), pp.249-260. Yip, M. (2015). Challenging the role and duty of directors in high profile corporate failures in the USA and Europe in the wake of financial crisis - possible allegations against board of directors for breach of duty of care, skill and diligence?.EuroMed J. of Management, 1(1), p.70.