Problems and recommendations for Merit Pay system at Konica Minolta Essay

Problems and recommendations for Merit yield system at Konica Minolta Business Solutions - Essay ExampleThe project provides examples of the compensation structures in other organisations providing the respective(prenominal) pros and cons of the same. Finally, it recommends a suitable compensation structure for Konica Minolta Business Solutions along with its probable impact on the organisation. requital structure in Wal-Mart The organisation chosen for the purpose of this research is Wal-Mart. The reason for choosing this company is that it would be a perfect example to show how a poor compensation structure could lead to serious wrongfulness for the organisations. It would also be possible to show how restructuring of the pay structure would benefit the employees and the organisation. The organisation is one of the sell giants in the world. However, the compensation structure is seen to be un well-disposed for the employees. Research revealed that Walmart CEOs periodic wage eq uals one stratum salary of new employees (Brainz, 2010). It demonst pastures a great extent of disparity among employees in the organization. It was seen that the CEO of the company earns an bar of $35 every year, which is an hourly earnings of $16,826.92. On the other hand, the freshly employed worker earns totally $8.75 in an hour. His gross income in a year amounts to $13,650 only. The figure is quite low for a newly recruited employee in comparison to the revenue that the company gene ordinates. It also reflects the lack of concern of the employer towards its employees. This is the cause of the high rate of attrition in the organisation. According to the reports published by the company, it was estimated that there were 74,300 workers occupying positions in Florida Wal-Mart in a quarter. The make out of workers leaving the organisation in the next quarter amounted to 15,500. 2900 more number of workers was recruited. This represented that the quarterly rate of turnover was as high as 17.3%. It was estimated that if this figure remained unchanged then out of every sixer recruitment, one would leave the organisation in every three months (WARN, 2005). Compensation in other organisations- study of success and failure Proctor and Gamble was one company which was considered to be one of the most favorable companies to work for. The company demonstrates very low rate of attrition because of its favorable pay structure. The voluntary turnover rate in the company is only 2% per year. The popularity of the organisation gets depicted from the fact that it receives more than 125,432 US applicants every year (CNN Money, 2011). The companys present human resource development structure is exceedingly attractive which makes it one of the most employers of recent times. The average annual pay for the most common compensable job in the organisation is $87,000, while the average hourly payment for the most common hourly paid job is $48,673. For example, a person ho lding the managerial position in the production department gets an average annual salary of $87,000. On the other hand, a technician whose wage is calculated on an hourly basis gets an average annual payment of $48,673 (CNN Money, 2011). The figures demonstrate that the employees are adequately compensated which can be accounted for

Is Fuel Price Hedging profitable for airline industries Article

Is Fuel Price Hedging profitable for airline industries - Article ExampleMost airlines straightaway shelve go off costs. This has not always been the scenario. As recently as 15 years ago, give the axe hedging was rare. European flag carriers used currency hedges previously to dilute their risk in fuel volatilityIn the last 12 years (From 9/11 particularly), unstable oil legal injurys ready caused a huge panic situation in the airline industry, a trend which will credibly continue for some time. Crude price level rose to nearly $150 per barrel approx, afterward collapsing to below $40, and recently recovering back to $122 (Wyman) (Oilnergy). The past five years have been very fascinate for global airline industry. The state of the capital markets has not been too rosy itself leaving many corporations without some(prenominal) access to capital let alone cheaper ratesIn these times of significant modification and instability, it is a need that these airlines employ a feasible risk management program, allowing not just now confronting the most contend of times, but should also lead them to prosper in face of adversities. The question we will try to arrange through this case study is that is it worth it in terms of profitability for airline Industry? previously all airlines hedged their exposure with respect of an oil future. Future implies paying a decided price for an amount of oil on a stated date(s). Consider a company buying a this future of jet fuel at $10 per barrel and jet fuel rises to $18, that commitment protects $10 worth of jet fuel underlying from the consequent 80% increase in price. Airlines typi resoundy hedge between 30 to 70% of their expected fuel costs. The recent survey of 24 anonymous multinational carriers reveals a very important snippet of data (Mercatus Energy)Hedging instruments as we assumed initially only involved fuel hedging used futures contracts. Nowadays, the exposure can be hedged in hefty ways which includes the go od old futures, comparatively newer forwards and the latest ones namely options with the limits like covered call and

Do Student-Athletes in College Look At Their Coaches As Parent Figure Research Proposal

Do Student-Athletes in College Look At Their Coaches As Parent Figure - Research Proposal ExampleAs the paper discusses with many of research studies in the theme of relationship between a coach and the gymnastic students in schools focusing on the leadership attributes and the moral and ethical relations, few studies have centre on the acceptable mode of handling the athletes by the coaches. With such perceptions as have been shown to hold in good deals views concerning the way that coach-student relationship should be, there lacks a standard tool on which the interactions and attitudes towards each other(a) should be understood. There exists a gap in literature on whether students perceive their coaches as reboot figures or not and what would be the factors that influence such perceptions. The lack of such literature from past studies and connect academic materials shows the necessity to have a structured take aim into the theme in order to excogitate future studies and und erstanding of the theme. This study is aimed at establishing a qualitative justification through research study on whether the athletic students in colleges perceive their coaches as parents or not. This study is aimed at establishing whether student-athletes perceive their coaches as parents or otherwise through a qualitative analysis of the opinions by the athletes.The study is also focused on bridging the gap that currently exists between the literatures on student coach perceptions especially in the sport and contribute towards shaping future research studies in the theme.

Final exam Assignment Example | Topics and Well Written Essays - 1250 words - 1

Final exam - Assignment causaThe following diagram illustrates the model. Source of information The message Receiver Inter officious models ar another branch of models of talk. Though achieving the selfsame(prenominal) purpose of transmitting information from a sender to a recipient, the model recognizes active participation of the receiver through feedback. The model in addition identifies continuity in conference as the receiver becomes the secondary sender during feedback and the primary sender becomes a secondary receiver recognizes the role of the environment on communicating. The model is also cyclic. The following diagram illustrates the modes. Field of experience Message Field of experience Encoder, source, decoder Decoder, receiver, encoder Feedback Another model of intercourse is the transactional model that recognizes the potential of simultaneous communication as opposed to the exclusive directional scope of the linear model. The sender in the model is also the receiver at the same time. The transactional model also considers effects of time in communications. The following diagrams illustrate the model. Transactional model in an inter mortalal communication Time Difference in context Transactional model in a mass communication Time Contextual difference (Wood 16, 17) Q2. ... Another link between communication and culture is the role of communication as an indicator of culture. Even though communication influence culture through facilitating sustainability, culture also shape peoples communication approaches. Differences in communication styles among people from different cultures show this. Consequently, communication forms a basis of identifying different cultures. Similarity in communication styles among people from the same culture throw out classify the society into communities while difference in communication within the communities can classify aspects much(prenominal) as behaviour. Indicator role of communication over culture he lps in improving cross- cultural communication by bridging communication barriers. Another link between communication and culture is the role of communication if initiating and influencing cultural changes. One of the examples of this role of communication is in the development and spread of the hip-hop culture that emerged through music artists and was communicated to influence the youth into the hip hop culture (Wood 159, 168). Some of the communication concepts that relate to culture are communication barrier and dynamism in communication amidst development in technologies (Wood 120). Culture defines a persons environment and therefore contributes to situational barriers to communication. Cultural differences are an example. Culture also define norms, behaviour, and attitude that may consider some communication trends as immoral or complex and therefore offer bulwark to advancement in communication (Wood 159). Q3. The first step in preparation for a speech is earning credibil ity from the audience and this is achieved through ensuring reliability

Effective Leadership and Management Essay Example | Topics and Well Written Essays - 2500 words

powerful Leadership and Management - Essay ExampleLeadership skills direct everyone in the root word towards the same delegacy and harness their efforts collectively. Leadership is about energizing the people towards a goal and does contribute signifi bay windowtly. Therefore in simple terms, it can be said that lead is the ability of an individual to influence a class or an individual in a cooperative manner that helps in achieving the organizational goals. Leaders ar seen and expected to have excellent skills for maintaining human relations. Human relation is the term that signifies how well an individual can adjust with each other while working in a group. Groups that work well together, has view for each other and have an understanding between them surely perform better than any other group that is characterized by hostility, misunderstanding, negative feeling and lack of respect between the members (Burrow, Everard and Kleindl, 2007). Hence, it becomes necessary that the leadership skills ar there in every group, which will drive others to achieve the goals and objectives of the organization. Thus, leadership is the key factor that leads to the succeeder of the group. Management The term management is defined as the process of supervising and conducting a work in an efficient and effective manner to its completion through other people. In this definition, the term process refers to the radical activities of the manager. Efficiency and effectiveness deal with what the team is doing and how it could and will be done. Efficiency is about conducting the task in a correct manner and maintaining the relationship between outputs and inputs. For example, in cases where the output is more than the given effort, it referred as increased efficiency. Increase is efficiency is also signified by same output from fewer total of resources (Denning, 2013). Hence, good management is concerned about achieving the goal in an efficient and effective manner, thereby minimizing the speak to involved in the resources. The components of management processes are planning, organizing, leading and controlling. Planning is the component that covers defining the organizational goals, creating a strategy with the aim at accomplishing these goals, developing the hierarchy plan and coordinating the whole process for achieving these goals. Organizing includes portion the individuals to identify their tasks, ascertaining how and by whom the task will be accomplished, who will be coordinating the whole operation and how the decision making will be done. Leading is the process of guiding and getting the work done. This is the process where the managers will aim at motivating the employees, direct the activities, selecting the effective communication channel and resolving the conflicts that the group members may have. The last step is controlling which is concerned with the monitoring the death penalty of the employees and the actual performances are comp ared to the stupefy goals. On the basis of monitoring, rectifications are made if any deviation is found in the actual performance from the expected one (Robbins, et al., n.d.). Relationship between Leadership and Management Management and leadership cannot be separated. regardless of locations, whether it is a school, factory, village, city, country, province or an organization, people with leadership rights are entitled to the management rights too. A leadership process certainly includes all the management proces