Compensation Management Essays (Examples)
Study Document
Globalization Of Insurance
...Compensation management While the U.S. enjoys the largest insurance market, U.S. companies no longer own the majority of the insurance market share in the country. Foreign companies do with 74% (Vaughan & Vaughan, 2013). This goes to show the extent to which foreign companies have grown in the insurance industry thanks to the globalization of insurance but also to the spread of wealth throughout the world. Insurance companies and finance go together as the former depends upon the latter for return on investment (ROI). Part of the problem with the globalization of insurance is that everything has been globalized—right down to investable markets. Since 2008, central banks around the world have lowered rates to the point that it is impossible for insurance funds to obtain a targeted ROI without investing in risk assets. Likewise, regulatory bodies have gone global as well with organizations like the Common Framework for the Supervision of Internationally……
References
References
Egan, M. (2018). Tax cut triggers $437 billion explosion of stock buybacks. Retrieved from https://money.cnn.com/2018/07/10/investing/stock-buybacks-record-tax-cuts/index.html
Flegm, E. H. (2008). The Need for Reliability in Accounting. Why historical cost is more reliable than fair value. Journal of Accountancy, 205(5), 34.
Healy, P. M., Palepu, K., & Serafeim, G. (2009). Subprime Crisis and Fair-Value Accounting. HBS Case, (109-031).
Laux, C., & Leuz, C. (2010). Did fair-value accounting contribute to the financial crisis?. Journal of economic perspectives, 24(1), 93-118.
Light, L. (2019). More than Half of All Stock Buybacks are Now Financed by Debt. Here’s Why That’s a Problem. Retrieved from https://fortune.com/2019/08/20/stock-buybacks-debt-financed/
Reda, J. (2018). How Stock Buybacks Can Affect Executive Compensation. Retrieved from http://clsbluesky.law.columbia.edu/2018/08/03/how-stock-buybacks-can-affect-executive-compensation/
Young, M. R., (2008). Both sides make good points. Journal of Accountancy, 205(5), 34.
Vaughan, E. J., & Vaughan T. M., (2013). Fundamentals of Risk and Insurance, 11th Edition.
Study Document
How To Use Employee Referrals To Increase Workforce But Still Be
… example, a referral who is a family member or friend of the referring source is less likely to have a great relationship with management at the organization and is more likely to leave the company at some point than is a referral who is simply part of … the agent’s pay is based upon performance for the principle, this is an impractical strategy in HR. In other words, when the agent’s compensation is determined by whether or not the agent succeeded in facilitating the principle, then it is highly unlikely that the agent will try ……
References
Bibliography
Bussin, M., & Christos, D. (2018). Blind hiring not as crazy as it sounds. HR Future, 2018(Sep 2018), 36-39.
CBS News (2017). Retrieved from http://www.cbsnews.com/videos/meet-bozoma-saint-john-the-woman-tasked-with-fixing-ubers-image/ " target="_blank" REL="NOFOLLOW">
Study Document
Recruitment Of Talented Employees
… a new product. New hires are interested in salaries which support their lifestyle, are emotionally fulfilling for their needs, and have a unique compensation package with what other organizations are offering (Keller & Meaney, 2017). Awareness of how the company’s compensation and salary compare with other companies on the market are thus essential.
In fact, marketing a company’s need for new hires much like ……
References
References
Bajic, E. (2013). The 6 steps for retaining good employees. Forbes. Retrieved from:
https://www.forbes.com/sites/elenabajic/2013/07/15/the-6-steps-for-retaining-good- employees/#63a92aa5721f
Fallon, N. (2016). 6 steps for learning how to recruit the best talent. Business News Daily.
Retrieved from: https://www.businessnewsdaily.com/6252-tips-for-recruiters.html
Keller, S. & Meaney, (2017). Attracting and retaining the right talent. McKinsey. Retrieved
from: https://www.mckinsey.com/business-functions/organization/our-insights/attracting - and-retaining-the-right-talent
Williams, D. & Scott, M. (2012). Five ways to retain employees forever. Harvard Business
Review Retrieved from: https://hbr.org/2012/11/five-ways-to-retain-employees
Study Document
Maslow S Hierarchy Of Needs Model And Its Application In Human Resources
… example, a referral who is a family member or friend of the referring source is less likely to have a great relationship with management at the organization and is more likely to leave the company at some point than is a referral who is simply part of ……
References
Bibliography
Bussin, M., & Christos, D. (2018). Blind hiring not as crazy as it sounds. HR Future, 2018(Sep 2018), 36-39.
CBS News (2017). Retrieved from http://www.cbsnews.com/videos/meet-bozoma-saint-john-the-woman-tasked-with-fixing-ubers-image/ " target="_blank" REL="NOFOLLOW">
Study Document
Agency Theory
… is in serious need of an effective leader to guide the company to success.
Secondly, the manner in which the company designed its compensation package basically encompassed the substantial use of stock options, and this motivated the CEO to work hard towards the sustainment of the company ……
References
References
Ballwieser, W., Bamberg, G., Beckmann, M. J., Bester, H., Blickle, M., Ewert, R., ... & Gaynor, M. (2012). Agency theory, information, and incentives. Springer Science & Business Media.
Bou?ková, M. (2015). Management accounting and agency theory. Procedia Economics and Finance, 25, 5-13.
Eisenhardt, K. M. (1989). Agency theory: An assessment and review. Academy of management review, 14(1), 57-74.
Healy, P. M. (2005). Financial Reporting Problems at Molex, Inc.(A). Harvard Business School.
Larcker, D. F., & Tayan, B. (2007). Executive Compensation at Nabors Industries: Too Much, Too Little, or Just Right?. Rock Center for Corporate Governance at Stanford University Case Teaching No. CG-05.
Mitnick, B. M. (2015). Agency theory. Wiley encyclopedia of management, 1-6.
Scott, W. R., & O\\\\\\'Brien, P. C. (2003). Financial accounting theory (Vol. 3). Toronto: Prentice Hall.
Tearney, M. G., & Dodd, J. (2009). Accounting theory. H. I. Wolk (Ed.). New York: Sage.
Study Document
Veteran Benefits Administration
… veterans in need, to their families or to their survivors as the case may be. Some of the various kinds of assistance include compensation and pension pay, rehabilitation assistance, support with finding employment, assistance with furthering educational opportunities, obtaining a home loan, and obtaining life insurance. The … valued and in exchange the U.S. government ensures that each solder is taken care of upon returning to civilian life; 2) it provides compensation, insurance and other benefits to veterans; 3) it supports them in pursuing educational opportunities; 4) assists them in finding employment, and 5) helps … family, education, and financial stability are the areas of social need that the VBA specializes in for veterans.
First, the VBA oversees disability compensation that is paid to veterans who have been disabled by an injury or disease suffered or made worse over the course of the … VBA oversees and dispenses pensions……
References
References
Cohen, S. (2019). Disband the Veterans Administration. Retrieved from https://www.city-journal.org/veterans-administration-benefits
Faurer, J., Rogers-Brodersen, A., & Bailie, P. (2014). Managing the re-employment of military veterans through the Transition Assistance Program (TAP). Journal of Business & Economics Research (Online), 12(1), 55.
Hazle, M., Wilcox, S. L., & Hassan, A. M. (2012). Helping veterans and their families fight on!. Advances in Social Work, 13(1), 229-242.
Panangala, S. (2018). Department of Veterans Affairs FY2018 Appropriations. Retrieved from https://fas.org/sgp/crs/misc/R45047.pdf
U.S. Department of Veterans Affairs. (2014). Retrieved from https://www.benefits.va.gov/BENEFITS/about.a sp" target="_blank" REL="NOFOLLOW">
Study Document
Policy On Shift Swapping
…
The agency is facing a lawsuit from Matt Glynne, a part-time employee who was injured on the job after his claim for workman’s compensation was rejected. Glynne’s claim was denied because he was shift swapping when the injury occurred and therefore, not clocked in under his own … to have another person work on their shift. Shift swapping is carried out in exchange of an agreement to trade shifts or for compensation from the employee who was initially scheduled to work. While this practice is permitted because of its potential positive impacts on the working … pay another employee for shift swap. According to the Agency’s Chief Counsel Office and Unit supervisor Mike O’Neil, the agency should pay Glynne’s compensation claim because Unit supervisors had knowledge of the shift swapping.
Major Elements of the Scenario
The issue facing the agency reveals several components … line with the agency’s policies……
References
References
Bowen, G.A. (2009). Document Analysis as a Qualitative Research Method. Qualitative Research Journal, 9(2), 27-40. DOI: 10.3316/QRJ0902027
Disselkamp, L. (Ed.). (2013). Workforce Asset Management Book of Knowledge. Hoboken, NJ: John Wiley & Sons.
Golden, L. (2015, April 9). Irregular Work Scheduling and Its Consequences. Retrieved May 20, 2020, from https://www.epi.org/publication/irregular-work-scheduling-and-its-consequences/
Paychex. (2019, November 13). How to Manage and Minimize Trading Shifts at Work. Retrieved May 12, 2020, from https://www.paychex.com/articles/payroll-taxes/how-to-manage-and-minimize-trading-shifts-at-work
Study Document
Family Business Reliance Industries Ambani Family
… Dhirubhai gave control of daily operations to his sons Mukesh and Anil. When Dhirubhai died in 2002, Mukesh and Anil assumed control of management of the whole company. Within two years’ time, a private spat between the two brothers had broken out into the public realm and … just the family owner’s livelihood but also reputation and sense of self-worth. Daily & Dollinger (1991) note that “organizational performance is correlated with compensation in owner-controlled firms but with size in professionally-managed firms” (p. 3). Families tend to reward those who perform will with greater compensation, but with professionally managed firms, compensation is given based on the size and role of the position and not necessarily performance. In other words, family-owned firms are more supportive … and family run businesses are more cost-conscious in this manner.
Burkart, Panunzi and Shleifer (2003) argue that family owned firms that pass on management responsibilities……
References
References
Burkart, M., Panunzi, F. and Shleifer, A., 2003. Family firms. The journal of finance, 58(5), pp.2167-2201.
Daily, C.M. and Dollinger, M.J., 1991. Family firms are different. Review of Business, 13(1-2), pp.3-6.
McConaughy, D.L., Matthews, C.H. and Fialko, A.S., 2001. Founding family controlled firms: Performance, risk, and value. Journal of small business management, 39(1), pp.31-49.
Ray, A., 2020. Reliance to pay twice. Retrieved from https://www.livemint.com/news/india/reliance-to-pay-twice-to-those-employees-who-earn-below-rs-30-000-11585033829993.html
Reliance Industries, Limited, 2019. Retrieved from https://www.ril.com/DownloadFiles/Subsidiaries%20and%20major%20Associates%20of%20RIL.pdf
RIL Annual Report, 2019. Retrieved from https://www.ril.com/getattachment/2b3a5223-b9a3-4bc1-b9b6-99f9b1e85a07/Financial%20performance%20for%20the%20year%20ended%2031%20Mar,%202019.aspx
Sraer, D. and Thesmar, D., 2007. Performance and behavior of family firms: Evidence from the French stock market. Journal of the european economic Association, 5(4), pp.709-751.
Study Document
Veteran Benefits Administration
… also their dependents. Towards this end, some of the main programs that VBA administers include, but they are not limited to; pension and compensation, rehabilitation and employment, loan guaranty, and insurance. In the year 2016, the National Archives and Records Administration (2016) released a records management inspection report which was categorical that “the VA Records management Program lacks several basic records management fundamentals.” The relevance of VA records cannot be overstated when it comes to veterans’ benefits government accountability. In that regard, therefore, it would … overstated when it comes to veterans’ benefits government accountability. In that regard, therefore, it would be prudent to implement a robust electronic records management system.
B: Fit for the Organization
It is important to note that “the mission of VBA, in partnership with VHA and NCA, is … The keeping of meaningful, proper, and accessible records happens to be in line with this……
References
References
Aziz, A.A., Mohammad Y., Mokhtar, U.A. & Ambari, D.I. (2017). Establishing Policy for the Implementation of Electronic Document and Records Management System in Public Sector in Malaysia: The Influencing Factors. Advanced Science Letters, 23(11), 10732-10736.
National Archives and Records Administration (2016). Department of Veterans Affairs Records Management Program: Records Management Inspection Report. Retrieved from https://www.archives.gov/files/records-mgmt/pdf/va-2016-inspection.pdf
U.S. Department of Veteran Affairs (2020). About VBA. Retrieved from https://www.benefits.va.gov/BENEFITS/about.a sp" target="_blank" REL="NOFOLLOW">
Study Document
Strategies To Improve Retention Rates At A Consulting Firm
… of the problems of interest and what can be done to mitigate these issues. A description of the implications of implementing the career management program is followed by the key recommendation that emerged from the research. These recommendations include providing employees with a career management plan that motivates them to acquire additional education and training as well as instilling an enhanced sense of organizational loyalty to reduce turnover … full professional potential. Finally, a summary of the proposal and key findings that emerged from the research are presented in the conclusion.
Career management/Development Proposal
This proposal sets forth relevant recommendations for ABC HR Consulting together with the corresponding rationale in support of their approval. In addition, … identify underlying causation; and,
· Recommendation #3: Provide all lower-level employees and staff members of ABC with on-the-job training concerning their respective career management planning and optimal strategies for advancing on the……
References
References
Christie, J. (2014, September). Cochrane review brief: Exit interviews to reduce turnover amongst healthcare professionals. Online Journal of Issues in Nursing. 19(3), 7-11.
Dobbs, K. (2009, April). Knowing how to keep your best and brightest. Workforce, 80(4), 56-60.
Hansen, F. (2009, March 27). Refining signing bonuses. Workforce Management, 85(6), 1-3.
Johns, R. & Gorrick, J. (2016, April). Exploring the behavioral options of exit and voice in the exit interview process. International Journal of Employment Studies, 24(1), 25-29.
Ohunakin, F. & Adeniji, A. (2018, March). Perception of frontline employees towards career growth opportunities: Implications on turnover untention. Business: Theory and Practice, 19(1), 278-283.
Tatham, P. (2008, Spring). At my desk. Australian Journal of Career Development, 17(3), 6-9.
Turnover rates by industry. (2019). Compensation Force. Retrieved from https://www.compensationforce.com/2017/04/2016-turnover-rates-by-industry.html .
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