Short Term Incentive Pay System - 1800 Words

Short Term Incentive Pay A survey report for publicly traded companies administered by WorldatWork found that 99 percent of the 350 companies had some form of short term incentive pay system in place (Miller, 2014). Short term incentive pay compensates employees for achieving short term business goals that are typically a year or less. These goals can depend on factors such as the type of business, its specific strategy, and market conditions to name a few. Metrics for short term incentive plans can include financial metrics like revenue growth and profit maximization as well as non-financial metrics specific to the company, such as safety or quality assurance, customer satisfaction, and more (Fotsch Case, 2015). Short term incentives normally reflect a percentage of the employee’s salary or wage; there are threshold, target, and maximum levels that can be achieved providing different levels of compensation based on outcome. Short term incentive pay can involve individual employee performance, or g roup company wide performance. Some examples of short term incentive pay include merit pay, bonus pay, and profit/gain sharing. Understanding the specific processes and benefits of these types of short term incentives allows employers to choose which plan saves the company the most money in terms of productivity and reduction of turnover. Individual Short Term Incentive Pay Over half (55%) of publicly traded companies offer an annual incentive plan or bonus plan toShow MoreRelatedChoka Enterprise Rewards System974 Words   |  4 PagesEdmonson Student Number: 308004287   Coursework Assignment CHOKA Enterprise Rewards System PROPOSAL: OBJECTIVE An effective reward system is organized to stimulate, inspire and motivate individuals to enhance their overall job performance. Our system is design to appeal and retain staff of the right quality with an understanding of the financial status of the organization. This reward system is design to boost the functions and core values of the organization that our employees willRead MoreHRM 531 Week 2 Knowledge Check Essay1628 Words   |  7 PagesA. competency-based pay system B. employee stock ownership plan C. organizational reward system D. merit-pay method Bottom of Form Correct :Organizational reward systems include both financial and nonfinancial rewards for employee contributions. Materials Components and Objectives of Organizational Reward Systems Top of Form 2. ___________ bridge the gap between organizational objectives and individual expectations and aspirations. A. Financial systems B. Corporate compensationRead MoreBenefits And Benefits Of Employees Essay1345 Words   |  6 Pagesâ€Å"As the workforce changes, so must compensation and benefits. Pay will need to be meaningful in other words, worthwhile for employees who don’t work the standard 40-hour Monday through Friday workweek, while taking into account an altered workload due to different numbers of hours put into work (Weathington Weathington, 2016).† The idea of satisfying employees in organizations through compensation package is common however lots of companies don’t see it as being beneficial. Compensation has developedRead MoreWeek Five Assignment : Pay For Performance1218 Words   |  5 Pages Week Five Assignment: Pay for Performance Yadilka York American Public University System Professor Daniel Hladky Human Resource management- HRMT 407 September 4, 2016 â€Æ' ABSTRACT The debate encompassing legitimacy pay for instructors has existed for a considerable length of time in numerous nations over the globe. The level headed discussion has been especially warned in the United States. Since the 1920s, government funded schools started honoring pay generally as indicated by titleRead MoreAlliston Instruments 21428 Words   |  6 Pagesan effort to increase efficiency persuaded the union to accept an incentive program in exchange for job security. An individual performance pay plan was implemented with no detailed records to set standards. Standards were based on the estimates of supervisors based on a failed year; this shows that the compensation strategies and practices directly affected the company’s production quality. Supervisors can’t receive the incentive bonus and are making less money than their subordinates causing moreRead MoreAgency Theory Is Used to Explain Executive Pay Essay1256 Words   |  6 Pages Agency theory has often been used by economists to explain executive pay. Both executives and shareholders may have divergent interests and risk profiles under agency theory. For instance, executives view their interest in profits as a bonus in contrast to shareholders that consider their interest to be dividends and capital gains. With divergent interests, executives may prefer to avoid risking company assets or resources to protect their jobs. That is, a risk that fails can put executives outRead MoreThe Pay For Performance Plan1280 Words   |  6 PagesAbstract The pay-for-performance plan has been implemented in many organizations as a motivational strategy for workers. However, the plan remains a hard sell in public schools where teachers have deliberately turned down its implementation. Although the incentive program boosts individual performance, it undermines the effort of other staff members since; there is no universally accepted criterion that is used to gauge teachers’ performance apart from student test scores. Apparently, the lack ofRead MoreThe Finance Theory, Equity And Financial Crisis994 Words   |  4 Pagesorganization. A lot of researchers have explored the problem of remuneration systems and how to improve the remuneration structure in the banks. This essay mainly uses agency theory, stakeholder theory, institutional theory, Transaction cost theory and other related theories to explain how the remuneration packages influence the bankers in short-term and long-term. Meanwhile, it also shows some problems of remuner ation system in corporates especially in banks by analysing the recent literature. FinallyRead MoreWhy Incentive Plans Cannot Work Paper1506 Words   |  7 PagesFerrari M/W 3:50 Why Incentive Plans Cannot Work The article titled Why Incentive Plans Cannot Work by Alfie Kohn was very interesting. Rewards offer temporary compliance that can ultimately destroy relationships among employees. It hinders the ability to manage a company. It creates short-term success and does not mean long-term commitment. In this, I find that incentives do not alter the attitudes that underlie behaviors. Incentives hinder creativity andRead MorePay for Performance1091 Words   |  5 PagesTraditionally, all incentive plans are â€Å"pay-for-performance† plans. They pay all employees based on the employee’s performance (Dessler). Compensation is a primary motivator for employees. People look for jobs that not only suit their creativity and talents, but compensate them both in terms of salary and other benefits accordingly. Compensation is also one of the fastest changing fields in Human Resources, as companies continue to investigate various ways of rewarding employees for performance.

Monsters in Literature Essay - 925 Words

Monsters run free in epic poems of centuries far past; horrific, villainous creatures of fantasy who illustrate all that is bad in the world and stand for the tribulations the epic hero much overcome. The Anglo-Saxon epic Beowulf is no different. Some are born of, and in turn give birth to legends, such as the fire-breathing dragon, while others are tied to the bible. In studies, Beowulfs monsters are explained and will continue to be analyzed as symbolic of countless different ideas. In relation to each other and the epics hero, the monsters of Beowulf represent the ever-present flaws of humanity and the monstrous feelings or behaviors that over take the mind in a moment of weakness, leading to eventual downfall. Like all monstrous†¦show more content†¦Unwelcome to join in with the people of Heorot in their merriment, Grendel haunts them in the night, taking all joy out of the pleasures he cant enjoy. As the men lounge â€Å"insensible to pain / and human sorrow† (119-20), Grendel creeps amongst them, creating havoc and leaving â€Å"butchered corpses† (125) in his wake. The character of Grendel shines light on the truth of jealousy; not only is it unwanted, but it is sudden and disastrous in its strike, â€Å"the shadow stalker, stealthy and swift† (702) appearing suddenly out of the night. Beowulf is able to defeat Grendel when others can not because he realizes how this jealousy must be faced. As swift and overpowering as jealously is, it can not overtaken by a quick strike of a word or a sword. Instead, Beowulf defeats Grendel by holding him tight and firm as â€Å"every bone in [the monsters] body / quailed and recoiled† (752-3), crushing the creatures destructive hand until his power weakens; thus likewise crushing and quelling the jealousy inside until it fades, rather than allowing it to grow within and overtake him. Without an arm and thus without the crushing hand of influence, the powerless Grendel retreats to die and fade away. Grendels Mother, then, appears as the face of vengefulness. This fault is not so common a powerful occurrence as guilt; emerging only when faced with grief and loss and the desire for retribution. Grendels Mother is described as having â€Å"scavenged and gone herShow MoreRelatedMonsters and Men in a Array of Literature 727 Words   |  3 Pages Monster and Men have been around for ample number of years. In addition to this, every circumstance they have been portrayed in literature of some sort varies from the author to the time period to the genre. Three indigenous pieces that differ from each other are obscure from the: Macbeth, Beowulf, and Frankenstein. All three writers published each for separate purposes. William Shakespeare Constructed Macbeth for the king and was hinting advice toward the king. In reflection, the epic poem of BeowulfRead MoreEssay about Mary Shelleys Frankenstein784 Words   |  4 Pagesnovel. Her monster has frightened many generations throughout the ages, and lingers as a warning of science gone too far. But why did her monster survive the ages? I believe that Mary Shelleys monster managed to hold our attention and chill us to the bone, because she weaved a tale that incorporated the genres of gothic, and romantic literature into a narrative of complete terror, and psychological torment that managed to surpass any other gothic literature of her time. Gothic Literature was a genreRead MoreFrankenstein essay 2 672 Words   |  3 Pagesï » ¿ Frankensteins Monster and Miltons Satan An Essay on Paradise Lost and Frankenstein By Chris Davidson Almost all great works of literature contain allusions to other great works of literature that enhance the meaning of the work. Mary Shelly’s Frankenstein is an excellent example of a major literary work that contains a sustained allusion to another major work. Frankenstein contains many references to Milton’s Paradise Lost, and the two stories are parallel in many aspects. In Shelly’sRead More Exposing the Role of Women in The Madwoman in the Attic Essay1701 Words   |  7 Pagespotential for women in a world shaped by and for men. Specifically, Gilbert and Gubar are concerned with the nineteenth century woman and how her role was based on her association with the symbols of angels, monsters, or sometimes both. Because the role of angel was ideally passive and the role of monster was naturally evil, both limited a woman’s behavior into quiet content, with few words to object. Women in the nineteenth century, Gilbert and Gubar claim, lived quiet and passive lives, embodyingRead MoreExamples Of Archetypes In The Odyssey1291 Words   |  6 Pagespatterns in common. Humans from a thousand years ago and humans in modern times have archetypes. Archetypes are characters, actions, or situations that are repeated in all human life. Archetypes are found in myths, legends, dreams, films, music, literature and several other forms of entertainment. In fact, The Odyssey, a prominent piece of writing, contains many archetypes. The Odyssey is a 3,000 year-old epic written by Homer in Ancient Greece. It describes the adventures of Odysseus. As well asRead MoreFrankenstein, By Mary Shelly1192 Words   |  5 Pagesrange from poems to stories, where the main theme was a mysterious type of romance. Romantic Literature usually emphasized a love for nature, imagination, emotion, and value for the common man. The genres include; the medieval past, the mystical the supernatura l, the gothic and the exotic. In romantic literature, the character usually rebels and longs for freedom. Frankenstein is an example of Romantic Literature because it carries the characteristics such as: the characters rebelling, the charactersRead MoreSigmund Freud s Frankenstein 1299 Words   |  6 Pagesare unware of; he explained the definition of the uncanny which is â€Å"the uncanny is that class of the frightening which lead back to what is known of old and long familiar.† One can see the relation of the uncanny to May Shelley’s Frankenstein, the monster that was created by the character named Victor Frankenstein was greeted with fear by the people he meets. The monster’s treatment of fear put him under the category of Sigmund Freud’s The Uncanny. we see a point of commonality where the relation ofRead MoreThe Humanization of a Monster1460 Words   |  6 PagesFrankenstein where the narration shifted was when Victor allowed the monster to tell him the story about all of his experiences up to that point. He starts by telling Victor about his realization that all humans shared a mutual hatred and fear of him just based off of his appearance. He also told of how he learned the english language by stalking cottagers and how he found Victor’s documents stating that he hated the monster. The monster swore revenge on all mankind, especially Victor, and admitted toRead MoreSigmund Freud s Frankenstein 1361 Words   |  6 Pagesthey are unware of. He explained the definition of the uncanny which â€Å"the uncanny is that class of the frightening which lead back to what is known of old and long familiar.† One can see the relation of the uncanny to May Shelley’s Frankenstein, the monster that was created by the character named Victor Frankenstein who was greeted with fear by the people he meets. The monster’s treatment of fear put him under the category of Sigmund Freud’s The Uncanny. We see a po int of commonality where the relationRead MoreAnalysis Of The Poem Beowulf 851 Words   |  4 PagesEnglish literature. It is also widely known as the earliest surviving piece of literatures in vernacular European Literature. The language of this poem is Old English, spoken by Saxon people. This poem depicts a traditional story that is a part of oral Germanic tradition. As per experts, this is work of a single poet and was composed in then England. It has been determined by the scholars that this poem was written between 8th and 11th century. The value of this poem in English literature can be compared

Pass Papers Avon Case Study free essay sample

Avon emphasizes standardized products that carry its global brand, but allows product lines and brand names to vary by country if needed. In addition, each country operation sets its own prices to reflect local market conditions and strategic objectives. Whenever possible, Avon transfers organizational learning and successful practices from one country to another. [See Map 16. 1] QUESTIONS 1. The chapter describes different marketing orientations. Discuss the applicability of each to Avon’s international operations. The five common marketing orientations are production, sales, customer, strategic marketing, and social marketing. The production orientation does not apply to Avon. Initially when Avon entered its first foreign market, it went to nearby Canada probably focusing on a sales orientation with little product adaptation. Today, Avon utilizes aspects of customer, strategic marketing, and social marketing in its global strategy. Avon modifies its products to meet specific customers’ needs such as technology-driven skin care products in Japan and including insect repellent in the Brazilian skin cream. We will write a custom essay sample on Pass Papers Avon Case Study or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Avon modified its distribution method, particularly in China, as part of the overall strategic marketing orientation. Avon’s social marketing orientation is part of its global image supporting women and their needs. Specific programs include fighting breast cancer and domestic violence. 2. Why is Avon so much more dependent on its foreign operations than on its home (U. S. ) operations? Avon forecasted slow growth in the U. S. based on heavy competition. This is often why companies decide to go global. Avon also considered some changing socioeconomic trends that might impact their sales model. More women were working full time and direct selling models did not fit that lifestyle. Avon also recognized that less than 5% of the world’s population lives in the U. S. 3. Discuss socioeconomic and demographic changes that could affect Avon. In addition to the changing role of women in the workforce in the U. S. , Avon must evaluate each country’s availability of salespeople and customers. The availability of women who want to work part time in direct sales is a key trend for Avon’s sales force recruiting. Also, are women at home and available to meet with Avon representatives? The increase in the middle class, particularly in emerging markets, expands the potential customer base. All of these trends impact the way Avon goes to market. 4. How might a global recession, such as the one that began in 2008, impact Avon’s operations? Some Avon products are considered by women as essentials and they will continue to purchase these products even in difficult financial times. However, many products sold by Avon are categorized by their customers as nonessentials. As the family budget tightens, customers reduce their purchases of the nonessentials. As profit reduces for the company at large, global expansion might be scaled back or new product introduction might be delayed. Many companies are looking very hard at cost structures and making major modifications to maintain profit levels. 5. What are the major competitive advantages that Avon has? How easily might other companies duplicate these advantages? Avon has name recognition globally. They also have a global organization, not just sales, but product development and distribution. Avon has proven it can adjust its model to meet country-specific requirements specifically in China. Mary Kay Cosmetics has recently entered the Chinese market and has very similar models. Avon has also used brand marketing in its â€Å"Hello Tomorrow† campaign and uses celebrities when that ad strategy is attractive to their customers. Although costly all of these things can be imitated with the exception of the brand loyalty. 6. Avon does not sell within the United States in retail establishments (with the exception of kiosks handled by some of its reps). What are the pros and cons of distributing this way? The original reasons for direct sales still hold true, including cost savings through a smaller number of employees, low advertising budget, and not paying for shelf space in stores. These cost savings allow Avon to keep prices low. Another advantage is the relationships and loyalty that Avon ladies develop with their clientele. Cons do exist with this model. Customers cannot obtain products whenever they want to and returns do occur because of difficulty in matching colors in catalogs. As Avon attempts to go higher end, they cannot alienate their value-focused customers.

Rules of the Road free essay sample

As we journey from the right femoral artery to the lower lobe of the right lung, we see many amazing sights. Starting at the femoral vein which is located in the upper right thigh and pelvic region of the body and runs close to the femoral artery. The femoral vein returns blood in the leg to the heart via the iliac vein. As we go north pass through the external and common iliac veins on our way to the small intestines where we can see most of the colon. The  common  iliac vein  is one piece of a large system that allows blood circulation from the lower  abdomen  and legs. This  vein  is where the external  iliac  veins and internal  iliac  veins unite (WiseGeek). It has 2 main veins, which are joined together to form the inferior mesenteric or the lower half of the large intestines. The function of this vein is to bring the de-oxygenated blood from the legs as well as the other lower regions of the body to the right atrium. We will write a custom essay sample on Rules of the Road or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Up through the inferior mesenteric, we can see the spleen, which holds extra blood, the stomach, which is where digestion starts, and the liver, which is so large it fills the entire upper right section of the abdominal cavity and part way into the left side. Traveling farther north we pass through the inferior vena cava with the kidneys to our right and left. The kidneys provide a wide range of functions to our body by removing wastes and water from the blood, balances chemicals, releases hormones, controls blood pressure, produces red blood cells, and vitamin D. We are now passing the liver which is an organ in the upper abdomen that aids in digestion and removes waste products and worn-out cells from the blood. The liver is the largest solid organ in the body. The liver weighs about three and a half pounds. The right atrium is part of the heart, which is in the upper chamber of the chest, which receives the de-oxygenated blood from our body moving into the vena cava and is then pumped into the right ventricle of the heart, which is the lower chamber of the heart. After doing so it will move through the pulmonary artery on its way to the lungs under low pressure, and there the blood will be turned into oxygenated blood. The right atrium of the heart with the deoxygenated blood and then through the vena cava as it enters the right atrium of the heart and flows through the tricuspid value into the right ventricle, from there it is pumped through the pulmonary valve into the pulmonary arteries which go to the lungs. Pulmonary arteries carry deoxygenated blood to the lungs and divide into very fine branches called capillaries which have very thin walls. As we leave the right pulmonary artery out of the heart and into the right lung, we notice that the right lung has three lobes, unlike the left lung which only has two. These three lobes are known as the superior lobe, at the top, the middle lobe, and the inferior lobe at the bottom. Lungs are delicate and exposed to the environment, almost like an open wound. Because of this the body has developed an elaborate immuno-defense system to combat inhaled pathogens and bacteria (Bacteria Museum). In a healthy individual, this system effectively blocks hundreds of potential illness-inducing assaults daily. To fight infection in the lungs, airway epithelial cells initiate an immune response to inhaled bacteria by signaling white blood cells to move from the bloodstream into the lungs and airway to fight potential infection. Getting white blood cells to the site of an infection can be dangerous. On the one hand, having as many white blood cells as possible at the site of an infection is beneficial. On the other hand, too many white blood cells can lead to excessive inflammation, interfering with breathing and damaging the airways. As we travel further north on our way out of the lungs you will also notice many tree like structures that are called primary bronchi. As you can see the primary bronchi branch into smaller secondary bronchi so the walls of the secondary bronchi can be kept open by rings of cartilage so air can pass into the lung. The secondary bronchi subdivide into smaller and smaller tubes, which are known as the bronchioles. The bronchioles then divides into microscopic tubes called alveolar ducts which as you can see resemble the main stem of a bunch of grapes. As we approach closer we can see each alveolar duct ends in a group of alveolar sacs and the walls are made up of numerous alveoli which might look like one grape. These alveoli help promote the rapid and effective exchange of oxygen and carbon dioxide between the blood circulating through the lungs capillaries and the alveolar air. From the alveoli we are going to pass through the superior vena cava where we will be traveling with the deoxygenated blood from the right atrium.