Employee Compensation A Company - 2085 Words

Briefly describe the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing. Employee compensation is very important in any organization since it helps to mark the established relationship between the employer and employee. Compensation usually encompasses many motivating factors that act as a catalyst to an employee in the cause of work. It has been discovered that organizations with good compensation practices are able to maintain their skillful and experienced workers. This then leads to a company gaining a competitive advantage in the market since customer value is greatly delivered (Milkovich et al, 2011). McDonalds is a global company which has widely use franchisers in order to expand its business globally. The company is well known for its unique techniques in preparing customers differently from other competing firms within the food industry. Geographically, McDonalds has several branches and regional centers that help ensuring that customer needs are timely attended. In addition, the company is also known to have a large workforce who manages its daily operations. It is believed that McDonalds is an equal employer since it doesn’t discriminate recruiting potential employees on race, gender, country of origin and gender. But, however, there is a variance of salaries which are brought about by the nature of work, duties and responsibilities one holds andShow MoreRelatedCompensation and Benefit System Proposal Essay example1090 Words   |  5 Pagesresource department has came up with a new compensation plan. In the propose compensation and benefits system plan , I will explain a new compensation plan for Holland Enterprises, also I will explain the components of the compensation and benefit system plan in order to attract and motivate employees to be productive . In order for the compensation and benefits system plan to be operational, the package should include a necessary level of compensations to fulfill basic needs, equity with the externalRead MoreSamsung Electronics s Current Compensation Program1646 Words   |  7 PagesSamsung Electronics’ current compensation program can be evaluated for effectiveness based on several factors. An effective compensation program must create employee motivation, value employee efforts, and be aligned with internal strategies as well as external conditions. We will evaluate Samsung’s current compensation strategy based on the internal and external alignment aspects. Internally consistent compensation programs take into account the internal factors of a firm such as resources, performanceRead MoreThe Impact Of Contingent Compensation On Employee Performance Essay1251 Words   |  6 Pagesof contingent compensation on employee performance in hospitality industry Introduction Compensation is regarded as one of the most persistently motivating ways to incentive employees (Torres Adler, 2012). So, it is important for a company to choose a reasonable compensation system which can not only increase the revenue but also can motivate the employees to do the better job (Johnson, Friend Agrawal, 2016). Many companies will consider carefully about designing the compensation system to retainRead MoreEmployee Compensation Programs Essay1416 Words   |  6 PagesBenefits have most definitely changed throughout the past years. According to Compensation, during 1880 people worked approximately 14 hours every single day except on Sundays and would only receive a raise if they stayed with the company for five years and if the company prospered during that time (Gerhart, 2011, p. 414). Over the next couple of years, employees began seeing work hours change from 60-64 hours per week to 54 hours by the year 1930. Eventually, employees were able to have holidaysRead Mo reCompensation and Benefits1475 Words   |  6 PagesCompensation and Benefits Lisa Epps BUS303 Human Resources Due Date Ashford University There are many people that would choose their life career around the benefits and compensation they may receive. Compensation is known as human resources function that deals with every type of rewards that one may receive in return for performing organizational tasks.()1 Do to these rewards such as compensations; turn-over can be affected in the workforce. If an employee did not feel they valued at theRead MoreBenefits And Benefits Of Ford Motor Company1657 Words   |  7 PagesFord Motor Company is a multinational automaker located in the United States of America. The company has employed thousands of employees across the world. Any successful company must provide its employees with a good compensation and benefits plan to remain competitive. As a result, this study focused on researching the types of compensation and benefits plans Ford Motor Company offered to its employees. The study found out that the company offers compensation and benefits plans such as base payRead MoreEmployee Compensation and Corporate Culture- What Works1736 Words   |  7 PagesAmir Hejazi Employee Compensation and Corporate Culture: What Works? When determining what method to use to compensate employees, a company must be aware of the impact that different compensation methods can have on employee performance, and on organizational culture. Unfortunately, there is no one-size-fits-all answer to the question of employee compensation. Some employees will respond very well to a program that other employees might balk at. Similarly, some companies or industries may flourishRead MoreDiscussion Pay And Benefits For Employees879 Words   |  4 PagesAssignment 1: Discussion—Pay and Benefits This assignment requires that students research compensation strategies and consider general compensation programs for employees. It is essential for the human resources departments to recruit and retain the most competent workers for positions, but it also important to consider the Does your program include stock options, profit sharing, an employee stock ownership plan (ESOP), healthcare, etc.? It is important for the HR department to be proficient inRead MorePurpose Of Workers Compensation Insurance1244 Words   |  5 Pages$3,000 in Workers Compensation Insurance premiums annually, where the premiums raise with number of covered employees. There is a minimum requirement for Employer liability coverage in Workers Compensation, required by law, of $100,000 to $500,000 per employee for body injury claims. Workers compensation insurance aims to provide coverage to employer for medical costs in the event of employee injury due to employer negligence or lawsuit from employee and to provide the employee with coverage forRead MoreCase Study - Mr Rakesh Sharma1679 Words   |  7 Pagesproblem that the Training Manage has to decide whether he should terminate Mr. Sharma or not. The five issues are communication, employees behavior, compensation and benefit, company policy, training and development. Moreover, we also discussed five options to the Training Manager other than termination of Mr. Sharma. These five options are apply employee engagement program, training and coaching system, giving short period to show improvement, reevaluate performance of Mr. Sharma and communicate and

Evaluation and Application of Thesis Free Essays

MMS DBA Student-Walden University Introduction Christopher and Towill in the article, â€Å"Developing Market Specific Chain Strategies†, developed the thesis that there are three feasible pipeline designs for supply chain (Christopher Towill, 2002). These designs resulted from the analysis of the relations between, demand, product, supply lead-times, as main factors in global supply chain, and, cost and agility, as results from the market requirements. Christopher and Towill adopted a notion of total cost that reflects more the unit cost than the traditional way of limiting cost to manufacturing cost (Christopher Towill, 2002). We will write a custom essay sample on Evaluation and Application of Thesis or any similar topic only for you Order Now Hewlett-Packard (HP) along with its early integrated process supply chain management has adopted that notion of total cost (Lee Billington, 1995; Edmondson Wheelwright, 1989). In fact total integrated inventories with retailers adopted by HP correspond to the quick response model developed by Christopher and Towill (Billington et al. , 2004). The predictable demand model may fit the decentralized incorporated system adopted by HP (Edmondson Wheelwright, 1989). Analysis and Findings Based on the assumptions that demand is either predictable or volatile, product is either standard or special, and supply lead-times are either long or short, and all are applicable in the global supply market, Christopher and Towill induced eight possibilities for the supply chain based on demand, product, and supply lead-times (Christopher Towill, 2002). The findings of eight possibilities based on the characteristics of demand, product, and lead-times specified is coherent to the mathematical combination formulae associated, the number of possibilities to combine three sets of two elements each. The analysis of these eight possibilities, in respect with agility and cost effectiveness, led Christopher and Towill to conclude on the representativeness of the three pipelines, lean pipeline, agile pipeline, and quick response model, as supply chain models (Christopher Towill, 2002). These models fit well the global supply chain for, an expected demand is either predictable or volatile corresponding to the two first pipelines and an unexpected demand requires a quick response, hence the quick response model fits that kind of demand. Christopher and Towill provided in that study examples and tables supporting the findings and developed a concise theoretical basis for the quick response model. The tables may have been supported with more mathematical concepts within the text. The research findings by Christopher and Towill in this study are intended for managers of global supply chain as a whole in order to achieve competitive advantage for their companies. The lean supply chain that applies the lean model to the entire supply may be a modern view of the quick response model developed by Christopher and Towill (Mentzer, Myers, Stank, 2007, p. 288). Applicability to HP Hewlett-Packard (HP) started to tackle the global supply cost related problems back in late 1980s, and implemented integrated processes (Lee Billington, 1995; Edmondson Wheelwright, 1989). HP company leaders continued research for competitive advantage through supply chain models adopting the concept of total cost and resulted in massive cost savings (Billington et al. 2004). The adoption of the total cost of the supply chain framework mentioned shows that the quick response model as developed by Christopher and Towill is consistent to the HP Company supply model at least for pioneering in viewing the cost of a unit not only in term of manufacturing but in term of supply, building and distribution (Christopher Towill, 2002). The electronic market is changing rapidly an d HP had since 1991 implemented a decentralized and incorporated system that allowed localized divisions to operate more independently (Lee Billington, 1995). This incorporated and decentralized system adopted by HP leaders is consistent to the predictable demand pipeline developed by Christopher and Towill. Conclusion Christopher and Towill concluded, suggesting that: Generally the preferred solution will be that predictable demand for standard items will be met via a lean pipeline probably fed from overseas manufacturers. Volatile demand for special items will then be met via an agile pipeline probably fed from home manufacturers. A third pipeline design is for quick response to top-up standard products for which there are an unexpected demand for specific colors, sizes, and volume. References Billington, C. , Callioni, G. , Crane, B. , Ruark, J. D. , Rapp, J. U. , White, T. , Willems, S. P. (2004, Jan/Feb). Accelerating the Profitability of Hewlett-Packard’s Supply Chains. Interfaces, 34(1), 59-72, from Business Source Premier, doi: 10. 1287/inte. 0103. 0054 Edmondson, Harold E. , Wheelwright, Steven C.. (1989). Outstanding Manufacturing In The Coming Decade. California Management Review, 31(4), 70-90, from ABI/INFORM Global. (Document ID: 289046). Lee, H. L. , Billington, C. (1995, Sep/Oct). The Evolution of Supply-Chain-Management Models and Practice at Hewlett-Packard. Interfaces, 25(5), 42-63. Martin Christopher, Denis R Towill. (2002). Developing market specific supply chain strategies. International Journal of Logistics Management, 13(1), 1-14, from ABI/INFORM Global. (Document ID: 196608131). Mentzer, J. T. , Myers, M. B. , Stank, T. P. (Eds. ). (2007). Handbook of global supply chain management. Thousand Oaks, CA: Sage Publications. How to cite Evaluation and Application of Thesis, Papers

Research in Business

Question: Explore the topic "research in business" Answer: Introduction The Managerial Accounting is the term that is related to the language of the business. It is the process of preparing the short term reports and accounts that will accurately define the monetary and the mathematical knowledge needed by the managers in the short and long term business reports. It facilitates the financial information of the respective business to it's internal as well as external users for example, including investors, managers and others (2009). Sometimes it is also known for showing the end, with the decision made due to the presence of the accounting information.The settling on of decision, as if everyone is familiar with from his or her own experience is one of the difficult jobs (Kaplan, 2009). Classical managerial accounting organization is basically structured to identify the effectiveness of the internal business procedures.The internal business management controls the methods and procedure that is designed by the organizations to maintain and protect the asse ts and the managerial resources. This system in organized to minimize the errors in accounting information and records and to find any deception done either by an employee, customers, and suppliers. (Virgina Tech , 2016).The information of accounting can be related to different ranges of users i.e. like manager in business for managing their accounting and for taking important or relevant decision for their organization, the potential investors might decide their plans of investing by getting appropriate financial statement, and the employees who assess the profitability and their consequences of the organization.It urges the authorities like managers to move ahead before formalizing their potential endeavors and thus, lastly gives characterized objectives and targets, which are known to be the benchmarks for assessment of ensuing execution.The respective management entails the budgetary as well as non-monetary data in order to construct powerful choices, which would accomplish the objectives and goals of the association (Garrison, 2003). Furthermore accounting information is more relevant for making any decision for the betterment of any organization. Making of organizational decision is in any case, creating different strategies utilizing intellectual procedures. Implementing the wrong decision can affect the company in the very negative way and sometimes may also lead to bankruptcy. Young.J also claims that " the way towards bankruptcy is surface create with poor decisions" (Jerreling, 2006). Accounting frameworks verify the legitimacy through the procedure of reviewing and responsibility (Garrison R. H., 2010). Successful and proficient Accounting assumes a focal part in management decision making. The proposal of the research undertaken is constructed in a smooth way: the first section reflects the introduction to the research topic followed by the Problem Statement. This section depicts the intellectual research objectives to be attained and justifies th e content. Section two represents the respective Conceptual Framework incorporated with the Research Hypothesis as well as the data analysis and methods adopted. The last section put forth the study structure along with the timeline and the Budget used in the completion of this proposal. Problem Statement The problem for most of the time arises from the thing that how the decision has been made in reference to the accounting information. Either the information that has been recorded is suspicious, clear, or might be doubtful. As per the report of the Joint Auditor's First Bank Annual, Report and Account adulterated accounting information was the purpose of numerous fizzled banks in Nigeria. The significant reason for the utilization of information of accounting is to augment danger, disappointment and instabilities furthermore stay in front of contenders. Despite the colossal advantage of utilization of, it is largely recognized that most inadequate management accounting creates off base data thus bring about the disappointment of associations to accomplish wanted objective. There are instances of directors rejecting the utilization of accounting information in view of their powerlessness to translate such information, along these lines making the association stay at 'the present stat e of affairs bet'. These issues to a great extent add to the disappointment of the utilization of accounting information in business with the outcome that incorrect choices are made to the weakness of the association. It is against these settings that this study is being led (Hayes, 2004).Managerial information is responsible for the accounatblitily of the organization to lead them towards success.The business market has divided in order to create and get the revenue from an organization. The chief task for the management accounting is to reform the complete accounting system so that it can serve the operational need for the organization. The practice of the management accounting will create the new ways of managing the infrastructure of the organization.Non-revenue driven associations incorporate beneficent associations, medicinal services suppliers of non-profit, credit unions, and the intellectually private foundations regarding the advanced education.The management accounting cl assical entertain many associations. Likewise, people utilize the financial ideas that shape the establishment of management accounting in their own lives, to help with all types of decagons, like buying homes and cars, retirement plans, andpartying the expenses of vacations with companions.In such conditions, it is necessary to evaluate and comprehend what are the basic uses of accounting information and thus, the study undertaken will cover the empirical evidence regarding the decision-making strategy required by the management. Also, the inventive procedures and contemporary concepts implemented by the management to entertain the acceptance of the accounting information will be researched upon. The reason behind conducting this research is to anticipate the future of managerial accounting and be proactive towards appropriate decision making for the sake of company. Research Questions The study is undertaken to evaluate the answers for the research questions structured in order to obtain the intellectual understating the managerial accounting and how it is useful for business managers to make better decisions regarding the company and choose the best way for positive results. Te subjected research questions are1. why accounting information is necessary for an organization?2. Does management information control the system and cost of the organization?3. How areas of responsibilities are necessary to evaluate the managerial accounting goals?Research ObjectivesThe main objectives of the research undertaken are to observe the Utilization of the Accounting Information as a management tool with respect to the decision-making. However, the major objectives to be contemplated are: To describe the performance of an organisation to its internal and external users for a particular financial year. This accounting information attracts the users of an organisation to invest their money for the expanding of the business activities as well as dayto-day activities. At the end of each financial year companies published the financial statement which includes Balance sheet and cash flow statements and profit and loss account to depict the company yearly profit and losses and also describe its future activities. To find out the ways through which the cost of products and services should be minimised and affordable to everyone. Use the new technologies machinery and methods and use the good quality of raw materials. To inspect the ways through which the cost in generally outweighs the benefits of the organizations. i.e. author Sally K. Widener explains the relationship of cost, benefits and their strategic risk in 2007 To measure and operate the process of data by areas of responsibilities that is necessary to achieve the organizational goals. According to one nine year research that has been published in 2007 that determined the importance of accounting in organizational development and their responsibilities. Justification of the Project This research will be use to identify the means of by which the adequate and inadequate information on accounting can be considered and what are the role of managerial accounting in scattering companies, their cost, benefits, and responsibilities in different areas of an organization. Managerial accounting analysis has become so important in managing the business that they consider as an integral member of the management team.They also strategized the different activities in any organization for the betterment and improvement of the business. They also assess the risk and strategized through planning, calculating and predicting. As well understand the financial side of the business (Marino, 2015).Under these circumstances, the following are the benefits of conducting research proposal on how managerial accounting useful for decision making:It helps to those who wish to check and understand the business activities for investing purposes or performances purposes. It includes internal a nd external users are as follows:Internal UsersOwners: Analyzing the viability and profitability of their investments and decide future activities on the basis of pastManagement: Check the organization performance and position in the market.Employees: for assessing the company profitability and future remuneration as well as job security.External Users Creditors: For determine the credit worthiness of the organisationGovernment: Interested for the tax purposes.Investors: Check the organisation profitability for investing purposes. Expected Research Output/Outcome The discoveries highlight the significance of the pretended by the MA as an asset for control, and for giving legitimating, as to directors' obligations and activities. Further, our study uncovers that whilst the utilization of Management accounting information for decisions is constrained, it turns into a critical gadget because of major monetary challenges inside an organization. It gives the idea that supervisors see management accounting as a method for improving their energy, and affecting authoritative individuals' conduct. Because of the definitive and allocate assets offered by accounting, it is utilized as an essential hotspot for assessing the execution of people and substances.Along these lines, and complying with the exploration in "Dependence on Accounting Performance Measures," it gives the idea that directors think about accounting as a method for affecting inner conduct (Sprinkle, 2003). An instrument makes it conceivable to include a specific number of individuals, a nd to make them concur with the director's vision. This is relied upon to bring about the acknowledgment of "normal" targets. This affirms ST is especially suitable for looking at how a control framework affects behavioral tenets (Macintosh, 2003). The social relations connected with the utilization of Management accounting information by supervisors include a systemic reconciliation of self-sufficiency and reliance (Macintosh N. B., 2002).This is identified with the position of the director as a turn between his subordinates and the partners of the element under his control. It is both organizing and organized through the supervisors' activities. This can be clarified by the way that administration accounting frameworks are the modalities of activity structuration, and by the extent to which directors can be viewed as "educated on-screen characters" in regards to accounting. This is steady with the finish of Scapens (2006), who specified (1) that the administration accounting metho ds utilized as a part of practice are regularly not the "perfect" ones, as may be normal practice is never impeccable and (2) the learning and foundations of key people can influence their utilization of administration accounting practically speaking. This can be clarified by the capacity of the administrators (learned on-screen characters) to translate and utilize Management accounting information in an adaptable way. Reference Bature, u. M. (2014). Accounting information as a tool for sustainable development of enterprises. In proceedings of the multidisciplinary academic conference on sustainable development . Bolt-lee, c. (2007). Management accounting research for the c-suite. Journal of accountancy . Garrison, r. H. (2010). Managerial accounting. Issues in accounting education. Garrison, r. H. (2003). Managerial accounting. New york: mcgraw-hill/irwin. Hayes, d. C. (2004). The contingency theory of managerial accounting. Accounting review. Hilton, r. W. (2009). Managerial accounting. New york: mcgraw-hill. Jensen, e., laurie, c. (2016). Doing real research: a practical guide to social research. Sage. Jerreling, a. (2006). The impact of accounting information on management's decision-making process. Vaxjo. Kaplan, r. S. (2009). Measuring manufacturing performance: a new challenge for managerial accounting research , 284-306.