Tuesday, December 24, 2019
A Critical Analysis Of The Uk s Compensation Culture
A critical analysis of the UKââ¬â¢s ââ¬ËCompensation Cultureââ¬â¢ ââ¬Å"Does UK law encourage people to ââ¬Ëblame and claimââ¬â¢?â⬠Compensation culture is a culture where individuals try to get compensation for any loss, damage, or suffering caused by another individual. This commonly stretches to include incidents that have weak or insubstantial links between the claimant and defendant (Horsey and Rackley 2009). Lord Falconer the former Lord Chancellor defines compensation culture as ââ¬Å"â⬠¦a catch-all expressionâ⬠¦ itââ¬â¢s the idea that for every accident someone is at fault. For every injury, someone to blame. And, perhaps most damaging, for every accident, there is someone to payâ⬠(Lord Falconer, 2005). This essay will briefly explain negligence and its elements and will further critically analyse the UK compensation culture and discuss whether it exist, or whether it is a perception created by the media. This essay will further discuss whether the UK laws encourage people to blame and claim and what the UK law has done to prevent an increase in the compensation culture. The tort of negligence was established with the leading case of Donoghue v Stevenson (1932) . Donoghue got sick from having a drink in a cafà © after finding a snail in the bottle. Around this time, there was no route for litigation due to no contractual association. The only contractual commitment was with Donoghueââ¬â¢s friend who bought the drink and the cafà © ow ner. Lord Atkin quoted the Bibleââ¬â¢s principle ofShow MoreRelatedExecutive Pay Should Be Regulated to Prevent Executives Paying Themselves Too Much1552 Words à |à 7 PagesTable of Contents 1. Introduction 3 2. Case of Bank of America CEO Compensation 3 3. Arguments on Steep Executive Compensation 4 4. Conclusion 6 References 6 1. Introduction In this period of severe economic recession in Europe and America, executive pay should be regulated to prevent executives paying themselves too much. This topic has been rising presently as due to recession and critical competition , the performance of multinational and large organizationRead MoreRecommendations For A Firm Wide Fcpa Compliance Program2193 Words à |à 9 PagesRisk Assessment The program must be relevant to the company and its operations. Because risks differ in type and size from country to country, and because no two companies are the same, a compliance program requires advance analysis of the risks of the industry sectors, analysis of the country and the region, size of the business and size of the company, type of companyââ¬â¢s products and activities, level of interface with government officials, quality of contractors, agents, distributors and partnersRead MoreBoost Juice in Germany2505 Words à |à 11 Pagesissues when considering the deployment of an Expatriate to Germany to support expansion. In particular, the issues faced by the organization within the five arenas of recruitment and selection, training and development, cross-culture, performance management, and compensation. 1.1 Expatriate Recruitment amp; Selection Involvement of the expatriateââ¬â¢s spouse in any pre-assignment, on-assignment and post-assignment training and support, particularly in language and cultural training (Salas et alRead MoreHrm at Glaxosmithkline Pakistan1565 Words à |à 7 Pages Training and Learning 3. Corporate Culture 4. Incentives and Rewards for employees 5. The 70-20-10 principle 6. Innovation Vs Risk 7. Leadership and Organization Development 8. The HR strategy About GSK: GlaxoSmithKline (GSK) is one of the world s leading research-based pharmaceutical and healthcare companies. Headquartered in the UK, it is a global organization with offices in over 100Read MoreCase Study: Budgens Stores Ltd7053 Words à |à 28 PagesOrganizational Culture Cultural Diversity Communication Barriers Teams and work groups Team composition Workplace Conflicts Personal Interests vs. Organizational goals Lack of support and coordination Ethical Issues Local laws and regulations Compensation Planning Employee Retention Competitors HR Strategies Virtual teams Personal and business ethics Information safety Stakeholder relationships Different compensation packages for ParentRead MoreMuslims and The Holy Quran1621 Words à |à 6 PagesNon-Muslims on English translations of the Holy Quran. However, little attention has been given to the translation of Quranic euphemistic expressions into their equivalents. For the previous studies didnââ¬â¢t discuss euphemisms in the Holy Quran as culture-bound units and therefore suggested traditional solutions for their translations such as paraphrase and transliteration. The proposed study differs from the previous ones because it looks into theories of translation including functional and formalRead MoreSuccess and Failure of Erp Implementation1690 Words à |à 7 Pagesand Umble, 2002) Corey Eaves states, ââ¬Å"â⬠¦more than 40% of ERP implementations fail to achieve even half the planned business benefits.â⬠ERP systems take a lot of time and money to implement; even successful implementations can disrupt a companyââ¬â¢s culture, create extensive training requirements, and lead to productivity dips and mishandled customer orders that can temporarily damage the bottom line. Operational problems at Hershey Foods, Whirlpool, and FoxMeyer Drugs have been blamed on poor implementationRead MoreManagement6730 Words à |à 27 Pageshtm AJQ 13,3 An analysis of critical success factors for Six Sigma implementation Sunil Sharma Faculty of Management Studies, University of Delhi, Delhi, India, and 294 Anuradha R. Chetiya Department of Mathematics and Statistics, Ramjas College, University of Delhi, Delhi, India Abstract Purpose ââ¬â The success of Six Sigma implementation is known to depend on a number of critical factors. The purpose of this paper is to explore and analyse Six Sigma critical success factors (CSFs)Read MoreRewarding Employees Through Compensation and the Role Job Analysis and Hr Planning Has on the Organisations Performance with Strategic Human Resource Management and Remedies6185 Words à |à 25 PagesREWARDING EMPLOYEES THROUGH COMPENSATION AND THE ROLE JOB ANALYSIS AND HR PLANNING HAS ON THE ORGANISATIONS PERFORMANCE WITH STRATEGIC HUMAN RESOURCE MANAGEMENT AND REMEDIES CONTENTS PAGE 1. INTRODUCTION 4 2. ASSIGNMENT ONE Read MoreCritical Analysis of Staffinf Issues in Hsbc18114 Words à |à 73 PagesCritical Analysis of Selection Process and Staffing Issues of HSBC UK Bank Table of Contents Executive Summary: 4 CHAPTER 1 5 1. Introduction 6 1.1. Company Profile: 12 1.2. Research Aim and Objectives 14 1.3. Research Question 14 1.4. Scope of the Study 15 1.5. Research Aim 15 1.6. Significance of Study 16 CHAPTER 2 18 2. Literature Review 19 2.1. Importance of Human Resource Management in an Organization: 20 2.2. Importance of Human Resource Management for the
Monday, December 16, 2019
Creating An Action Plan Free Essays
Time management has been the largest challenge to date. Work, life, school balance, while determining what time of day is best to set aside to study, how much time is required to be a successful student and still be able to attend the kids sporting events will have me doing homework in the bleachers often. Fortunately, was able to start planning for the challenges of returning to school the day that I decided to pursue a Bachelors of Art in Accounting. We will write a custom essay sample on Creating An Action Plan or any similar topic only for you Order Now Showing the kids that you are never too old to go back to school. Dreams can mom true if you are willing to work hard and making sacrifices that support your overall goals are worth the effort. My desire to graduate with the highest grade point average that I can achieve, will power me to do my very best each day. Proving to myself that I can do this and learning how to quiet the inner voice, when something gets challenging, has been rewarding and empowering to date. I am very glad that chose to attend AILââ¬â¢. The built in support system, which has been put in place has eliminated any apprehension that would not be able to succeed. The Technical support department being available 24 hours a day to help with computer and connection issues is tremendous. Learning that can rely on my student advisor, Rebecca Anderson, if I have any questions, she has been there to support and assist me through the enrollment process. Shared her experiences as a student and provided examples of other student successes to prove it can be done with commitment. She has also provided insight on the available resources and offered suggestions on how to maximize them. Learning how to navigate and AP into the resources available in the Library and knowing if I have a question, there is a librarian available to point me in the right direction, is refreshing, but also has taken away my fear of not being able to do the necessary research. My fiance has been amazing with the added responsibilities he is willing to take on to ensure can focus on school. He has attended online courses in the past, so he has been a tremendous source of information and support. But he is also there to point out when I am getting side tracked or offer instructive criticism when needed. The kids and I have a challenge in place, the person who has the highest grade point average at the end of their school year in June, gets their favorite meal made for dinner and a week of no chores. So obviously there has been much attention given to grades and homework. Having spent 1 5 years in the military, we are taught to continually assess the plans and goals we have set for ourselves. To look for your strengths and weaknesses and to adjust the process, as needed to accomplish the plan. As I come re-familiar myself with the learning process and requirements, will be able to refine my note taking, establish a routine to take advantage of the time have available to study and improve on the way that I process and retain information. As I learn new techniques and information is presented in new ways, it will enhance and change the way that learn. As I become more familiar with intelligent, I will adapt the way I process and retain the information. I believe my academic action plan will always be evolving and improving. My primary goal is to complete school within the time frame currently established and end with a 3. 5 grade point average. I have always tried to ensure that when set goals for myself they are realistic, attainable, specific to the task and motivational. I know that I can accomplish anything that set my mind too, given time and opportunity and finally have both. The financial commitment and sacrifices will be rewarded, when complete school. I will be able to pursue the jobs I want and provide better opportunities for my family. How to cite Creating An Action Plan, Papers
Sunday, December 8, 2019
Statistics Impact of Job Satisfaction on Employee Performance
Question: Explain about the impact of job satisfaction on employee performance. Answer: 1.0 Introduction Employee attitudes are essential for the management, as it determines the behavior of the employees within the workplace. Attainment of high level of organizational performance through productivity and efficiency of the employees is of high priority for the organization (Mathieu et al. 2014). In order to attain this objective, job satisfaction for the employees is of absolute necessity to achieve high level of performance for the organization. Satisfied workers tend to contribute more on the job satisfaction for the organization. Therefore, organizations try to create satisfied workforce for creating wellbeing of the organization. Every organization keeps substantial reliance on the performance of the employee for increasing overall performance of the employees. Job satisfaction of the employees come when the organization all kinds of demands of the employees within the workplace. The organization that is chosen for this research proposal is Leading Edge Group, which is the Australia -based international retail chain operating buying group and sales chain management (Leading Edge Group 2016). The research proposal will be concerned about identifying job satisfaction level of the employees in this organization. 1.1 Problem Statement Retail organizations are very much concerned about earning more and more profit that in turn increases the stress level of the employees. The organizations sometimes ignore the well-being of the employees for earning high level of profit (Imran et al. 2014). This high level of continuous pressure decreases the job satisfaction level of the employees, which results in low level of employee performance. It can be found that Leading Edge Group is the largest independent channel partner in retail chain. However, they are not able to properly manage the job satisfaction level of the employees that is decreasing the production level of the employees and increasing the attrition rate (Ealias and George 2012). 1.2 Research Aim The aim of the research proposal is to investigate the job satisfaction level of Leading Edge Group. 1.3 Research Objectives To investigate the impact of job satisfaction level on the performance of the employees To examine the strategies followed by Leading Edge Group for satisfying their employees To identify the issues faced by Leading Edge Group in implementing job satisfaction strategies for employees To provide suitable recommendations in improving the job satisfaction strategies for employees of Leading Edge Group 1.4 Research Questions How job satisfaction levels influence the performance level of the employees? What are the strategies followed by Leading Edge Group to satisfy their employees? What are issues faced by Leading Edge Group to satisfy their employees? What kinds of strategies should Leading Edge Group follow in satisfying their employees? Reference List Abraham, S., 2012. Job satisfaction as an antecedent to employee engagement.SIES Journal of Management,8(2), p.27. Cullen, K.L., Edwards, B.D., Casper, W.C. and Gue, K.R., 2014. Employees adaptability and perceptions of change-related uncertainty: Implications for perceived organizational support, job satisfaction, and performance.Journal of Business and Psychology,29(2), pp.269-280. Ealias, A. and George, J., 2012. Emotional intelligence and job satisfaction: a correlational study.Research journal of commerce and behavioral science,1(4).
Sunday, December 1, 2019
Motivation at work free essay sample
Why do people go to work? In this assay I like to talk about my personal experience of going to work with no motivation for a Job, and actually the idea of knowing that you have to go to work you hate. I have been suffering from extreme apathy, lack of motivation and lost interest at my Job. What ended up happening is that I fund a Job that looked acceptable for short period of time, Just to make some money to pay bills, but I got stuck there working in it for a years. Work takes up large proportion of our lives and gives people identities of who we are in the certain way, if there is no motivation for work and you re always miserable that is becoming part of your identity. There are many theories about motivation at work, the most relative to me is theory of Abraham MasloWs (1943), which suggest that motivation is based on meeting psychological need of a person, sectionl, Book 2 of An introduction to human resource management in business. We will write a custom essay sample on Motivation at work or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page b) People go to work for various reasons for some work could be idea of leisure when you do what you like and actually looking forward to go to work, for others like me work could be a place that motivates only for money, theory of Douglas McGregor (1960). I believe the reason why is happening to some individuals, because every person have a reason to believe that they will be recognised and promoted if they work hard even is not part of any formal contract. Every employee have a psychological contract with their employer, which implicit expectations, obligation and promises that both parties believe have been made with regard to what each expected the Job may lead to dissatisfaction and lack of motivation. Victor Vroom (1964) with his expectancy theory states that is not only a reward that is important in motivation, but the link between efforts and reward, so when you put an effort to your ork and get nothing in return could affect your motivation at your Job. This means that, if an employee feels that they are treated fairly and their expectations are met at work, they are more likely to feel committed to their employer and motivated to work hard for them. Guest (2001) stated that Companies who have a positive psychological contract with their employees is the existence of a large number of fair HRM practices in the business. You can easily tell when people feel unhappy with their Job as level of absents higher than average, which could be very cost effective to the company, example Cooper (2000). There is anode important factor that may affect person motivation at work is a person ability to do their Job, Steer and Rhodes (1978) suggest that those factors can affect people motivation and attendance at work. To overcome motivation issues at work its important to meet psychological needs of a person, because when needs are unmet we experience tension and lack of motivation. Maslow agrees that is important to meet needs of individuals at work to motivate them, needs such as a good working condition, attractive wage, prestige Job title and opportunities encouraging creativity. Job security is one of the factors that motivate people. Maslow also believed that all people are motivated by the same thing, but there are different levels of need. Mostly people spending big part of their live at work, people are motivated by working in the company that make them proud, people want to feel important and recognized. Some of us are motivated by the next promotion to get the title that we deserve and to get recognised for that. A new and exciting opportunities provided by employer that would stimulate people and lets them grow is anode important factor that motivates people at work. Some people feel that they doing same old repetitive work they after day could make them bored and unhappy, but by constructing a work with a lot of different skills and different task would motivate any employee. By involving an employee in company development and providing regular opportunities for them to express their opinion on the regular basis will encourage and motivate them. People may, have different priorities at different times of their lives or their career, but there are have to be fulfilling in order to be motivated at work place. There is no one definition of what motivation is ccording to Arnold (1995,p. 21 1), but its basically involves looking at the factors which cause us to behave in the certain way. (d) Additional information from Forbes. com suggests that the trigger that motivates people to achieve is unique for everyone. For some people is money that motivates them for others that they are driven to make a difference. Regardless of what is motivating an individual it has to be managed and balanced, according to the website. Thats why is very important point was made by the Forbes. com which suggests that manager of the business have to work in employees best interests and elp them to achieve their goals, desires and aspirations. The objective should be to work together. Managers have to encourage their employees to exceed expectations by taking responsible risk. Embrace diverse thinking and measure ability to innovate. It also suggests that managers never have to underestimate an employers ability to perform until you are properly evaluated and tested their abilities and potentials. Anode website I have used to support the important point of motivation at work is Business Insider. This website suggests that by simply recognising your worker is hat motivates them the most. Professor Dan Ariely suggests that both money and happiness within a Job playing a part of what motivates people, but true motivation comes from finding meaning in work and being able to see a progress as extremely important motivator. Both of those websites were entered on 26/11/2013, because I fund them both trusted and their made some interesting points.
Subscribe to:
Posts (Atom)