Free Essays on Compensation to Get Inspired & Learn by Example

Abstract

There are various forms of compensation strategies that organizations can adopt. The decision on which compensation strategy to adopt lies with the top management who consider various factors as company profits, objectives, mission, and vision. The Human Resource department is mostly concerned with establishing the best way of ensuring high performance of employees. Given that the employees are the most important aspect of an organization and given the fact that they are usually manipulated by compensations, HR department is highly concerned with the compensation activities. Depending on the objectives of the organization, the management, in conjunction with the HR Continue reading...

Introduction

In modern business approach, different kinds of resources are used to achieve the organization goals and objectives, and to compete in the market. It is important for the organization managers to manage their resources in the most efficient manner. Different types of resources include physical resources, financial resources, and human resources. Among these, the most difficult resources to manage are human resources. It is because; humans are of diverse nature and so they are difficult to control. They have different demands and needs, and for this reason, they require compensation and benefits. It makes it hard to maintain and Continue reading...

Current Policy

The current nurses’ reimbursement policies in Florida are in support of the direct reimbursement which is to the nurses rather than the normal reimbursement that is provided to the physicians. The bill further states that the provisions stated are not restricted to a particular location of practice. This is unlike in previous practices where reimbursement was restricted to a particular location which was most preferably rural areas (AANP, 2012). The bill further stated that reimbursement is restricted to long term care facilities and follow up care. Despite the reimbursement rate that are in existence, there has been a need Continue reading...

Philosophy of Compensation

The company’s mission and vision statements reflect its core values. For the same reason, having the right vision and mission statement is of outmost importance as it serves as a guiding principle for organizations to be able to stay focused on what they intend to do and how they should do it . Most organizations that have aligned their activities on their vision and mission statements have gained satisfactory results. Part of an organization’s strategic development is the setting of goals in line with their core business. For example, a product manufacturer would ask, what is the purpose 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...

'The development of labor productivity and executive compensation on the backdrop of U.S. economy financialization'
Labor productivity is a key economic indicator, which is used to determine the effectiveness of employees’ work - the main productive force of industrial society. In an industrial society, increasing productivity serves as the principal means not only for economic growth, but also for improving the living standards of citizens. With the growth of labor productivity becomes an increase in wages and other income. Important feature of this process is a higher rate of productivity growth compared with the rate of increase in wages Continue reading...

Issues in Medicare/Medicaid Reimbursement

Abstract
The paper is aimed at researching about the Medicare / Medicaid reimbursement issues. The paper starts with a brief introduction of the topic while highlighting major aspects of the challenges faced by patients and medical institutions/physicians. There are several aspects and domains in medical re-imbursement which merit attention and are covered in this paper. After the introduction to the topic, the paper proceeds to presenting literature review of important researches done on the topic. The literature review also covers the major issues in Medicare / Medicaid reimbursement while highlighting various levels including issues faced by patients, medical institutions Continue reading...

Response 1: Compensation

The concept of compensation refers to financial returns and benefits given to employees in exchange for their labor (Odunlade, 2012). There are three forms of compensations – direct, indirect, and non-financial compensation (Hayes & Ninemeier, 2008). Direct compensation is the cash compensation given by employers to employees for the work they rendered (Osibanjo et al., 2014). On the other hand, indirect compensation is a form of benefit that possesses financial value, but not in the form of direct cash payment (Osibanjo et al., 2014). Non-financial compensation has no equivalent monetary value, but employees receive psychological and emotional satisfaction.
In consideration of Continue reading...

Introduction

If we look for specialized services in CCTV and monitoring systems in the UK, the name of 21st Century PLC (21stplc) appears. 21stplc is a specialist service provider involved in trading of monitoring systems and CCTV for network operators and convoy in the transportation industry particularly railways and buses. 21stplc with its modernization established a market dominant bunch of solutions that particularly addressed the contemporary challenges of public transport sector. Majority of the European reputed transport operators recognized the advanced solutions and services provided by the 21stplc. The company faced challenges in fulfilling Notice 36 and to discourage Schedule Continue reading...

Compensation of Chief Executive Officers at Nonprofit US Hospitals

Introduction
Karen E. Joynt et al have carried out a research to determine the aspects of hospitals on which the CEO compensations were based in the case of nonprofit hospitals. Various aspects of the report are described below.

Data Collection Procedures and Instruments

Dependent Variables. The dependent variable was CEO compensations. The CEO compensations were a combination of compensation received from the primary organization; reportable compensation from related organizations such as foundations associated with the hospital and estimated other compensations. The compensations of all CEOs were adjusted for regional variations through the Medicare Wage Index (Joynt et al.).
Characteristics of the Independent Variables. The Continue reading...