Compensation Scenario
Scenario Background -- Jack Parks is the benefit manager for a division of USA Motors. He is concerned about the level of absenteeism and the "paid absence" agreement negotiated a decade ago. The theory was that by giving workers a full week of paid absence against which they could charge personal absence, they would be encouraged to plan ahead and let supervisors know when they might be gone so that staffing could remain consistent. In reality, workers discovered that by not charging off any paid absence days they could receive a full week's pay in June when the company paid unused benefit hours. Workers had, in fact, come to think of it as a bonus that coincided with summer vacations when USA shut down for inventory in the summer. Parks believes that he can control this abuse of a benefit by a series of percentile deductions on future pay for chronic absenteeism once vacation, holiday and sick pay was used up. Parks sent his idea to the corporate negotiators who, after looking at the potential corporate benefits, placed it as a high-priority bargaining topic for the upcoming union contract negotiations.
Paid Absence as a Strategy -- In a larger work organization, absenteeism is the single largest cost in terms of lost labor time. It can be viewed as an indicator of poor performance, but because human beings are individuals, with individual and unique needs and issues, must be part of any contract between worker and employee. There is a difference between someone who takes off work to get a serious dental procedure, someone who has stayed up too late and imbibed the night before, and even an employee with fever and flu symptoms who insists on coming to work anyway. One model indicates that when people are dissatisfied with their jobs, they are absent more frequently -- they are withdrawing from the workplace. In some ways, using a paid benefit as a way to make money but become absent, is also indicative of this type of behavior (McClenney, 1992). By the same token, it is almost impossible to never be ill, need time off for family issues, or other emergencies that are unplanned. For this reason, it is vital...
In order to compare the executive compensation in both countries, the countries firms should be matched and compared according to industry, size and operation. The executive compensation can be measured or compared accurately according to the industry and firms sizes. From the data, it was found that the executive compensation in both countries were high whereas the firm performance was reducing. The data collection for the executive compensation in
The Perils of Executive CompensationIntroductionExecutive compensation acts as an incentive for CEOs to enhance an organization�s performance and is common practice across industries. Michael Eisner was famously rewarded handsomely via executive compensation for his stewardship of Disney in the 1990s (Downes et al., 2007). Elon Musk has even more famously accrued substantial personal wealth via executive compensation for meeting targets related to Tesla�s share price (Jones, 2021). While executive compensation
Human resource management is one of the essential components to the competitiveness of global firms. Corporations that perform exceptionally regarding human resource management tend to integrate strong discipline in their people with attention to strong social capital (developing networks and relationships within the organization). The multiplier impacts of this combination generate inimitable conditions for people management, which in turn drives employee engagement in the global context. The following study focuses
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Any organization that deals directly with petroleum-based products, including storage facilities, will be affected by the act. The act also provides for Area Contingency Plans in case of emergency. The Pollution Prevention Act aims to reduce pollution "through cost-effective changes in production, operation, and raw materials use," ("Pollution Prevention Act"). Recycling programs fall under the Pollution Prevention Act; therefore, organizations might be required under this law to participate in
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