Free Essays on Bonus to Get Inspired & Learn by Example - Page 2

Human Resource Management (HRM) involves managing people in an organization. Initially, it only performed limited functions and was limited to doing paper works connected with hiring and payment of employees within the organization. In this age and time, companies recognize that the most valuable resource they have is the employees, which added important responsibilities for those working in HRM. Their main focus is dealing with manpower and all other decisions pertaining to it that can have an impact on the employees’ productivity. It also ensures that companies are able to recruit, manage, and provide direction for employees. HRM deals Continue reading...

Business Case Analysis

Executive Summary
This is a case of Barrie Super Subs, a chain of over 300 restaurants situated across different locations in Canada. Discussions in this case will focus on one particular branch of Barrie Super Subs only. The team of workers that operate this particular branch of Barrie Super Subs is rather small. With only one chief restaurant manager, one assistant manager, and several part-time leaders, and a small team of part-time crews, the team has survived day to day restaurant operations without any hassle. In terms of profitability and sales, this Barrie Super Subs branch has been on Continue reading...

An Overview of the Concept Covered in the Article

The main concept covered in the article is resource utilization. This is indicated by the fact that the author indicates the intention of MedPAC, specifically, curbing the admission of less sick patients in hospital and a review of the bonus awarded to primary care service providers. According to the author of this article, Shannon, MedPAC undertook a review on the rates that are offered to health specialists and primary health care services and determined that there is a great disparity, with primary care givers being the lowest paid. Additionally, the article covers a concept of motivation through proper remuneration Continue reading...

Part 1:

ANALYSIS OF THE COMPANY
History and Structure of the Business
David started a business of nursing agency, ten years ago in 2004. Initially he started to provide services of relief staff to hospitals and aged care facilities only. Twenty nurses were appointed to provide the services. David himself used to manage all business affairs.

Key or Services Offered By the Business

David provided relief staff services. The services are aimed at helping the companies to continue with their work, when there staff is on leave. The staffs are available for both planned leaves like annual leaves and also for sudden uninformed leaves like sick leaves of Continue reading...

Every generation has different interests and priorities. Some endorse the traditions and some are the protagonist of modernity. This can be related to the hospitality work place and performance of the employees. Incentives are a source of encouragement and motivation. It is necessary to offer the right incentives to the right age group. Employees of different generations work in such companies. An old man would not be happy if a smart phone, laptop and free cellular service are offered to him based on his performance. He might be interested in a bonus, promotion, flexible work hours or an extra Continue reading...

Teaching the workers English.

Promoting competition between the workers.
Teaching workers to set smart daily targets, creating a sense of ownership in the workers by providing opportunities which allow the workers to invest in the business.

Giving monetary rewards.

Treating all employees with respect regardless of their position in the business, creating a team structure that allows employees to police.

Allow job rotation to evaluate individual performance hence vertical integration.

Provide advancement opportunities for all employees; provide housing, affordable medical care and food rewards.
Give employees a means of communication such as a phone where they can Skype.
Create bonding time for milkers such as bonfires.
Allow employees to rotate during the weekends.
Embracing their cultural Continue reading...

Introduction

The Equal Pay Act established in 1970 with an objective to ensure equality for genders. The hourly earnings of females after more than 40 years and even the existence of Equal Pay Act invariably insignificant compared to males, which is evident from the research that revealed the gender pay gap for permanent workers in 2013 at 15.699%. This figure revealed that females to a greater extent discontinued earning compared to males on 4 November 2014 which is a day of equal pay. Unfortunately, the gender pay gap in 2013 expanded compared to previous five years, the figure improved by Continue reading...

Victor H. Vroom proposed the interesting Expectancy Theory of Motivation, who is a renowned researcher in the fields of motivation and leadership in organizations. According to this theory, the employees’ perception of the outcome will decide their level of motivation. The decisions taken by employees are aimed at increasing the pleasure and reducing pain. Vroom suggests that the link between work and outcome is not related very simply. Factors like knowledge, skills, attitude, abilities, and personalities can have significance bearing on the performance of employees.
According to Vroom, effort, performance, and outcomes are related by motivation and expectancy. Expectancy Continue reading...

Introduction

A number of companies incorporated compensation plans on the basis of performance to grow output and income on investment inducted in compensation. These forms of plans are developed to appreciate workers that produce results. Few studies argued that conventional wage enhancement is not associated to performance although it must be. Relatively, a comprehensively developed compensation-oriented reward scheme can be secured straight to the outputs the organizations consider as significant. Nevertheless, generating a performance-oriented compensation plan is not an easy job. This document shades light on numerous compensation practice employed by 21stplc for which it assess the efficacy of conventional Continue reading...

Answer 1)

a) Business strategy analysis
This analysis tool allows the organization to have a deep insight into the industry and to ascertain the key profit drivers and associated business risk. Thus, following the business strategy analysis, the user is able to figure out profit potential of the company at the qualitative level.
b) Accounting analysis
The purpose of accounting analysis is to analyze if the current accounting policies of the company reflects its business economics. Thus, by ascertaining appropriateness of accounting policies, the users can assess the possible degree of distortion in the accounting numbers disclosed by the company.
c) Continue reading...