SALIENT FEATURES OF WORKMEN COMPENSATION ACT‚ 1923 Submitted by MOKSHA NAIR WORKMEN COMPENSATION ACT‚ 1923 Objective of the Act: The objective of the Act is to provide compensation to workmen for injury or an accident. It was the first Labour Law Act enacted to provide one time compensation to a workman injured on company’s premises or shop floor. Salient Features of the Act: 1. An employer is obligated to pay compensation to a workman in case
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Compensation and Benefits Plan HRM/531 Compensation and Benefits Plan Compensation and benefits play a vital role in employee satisfaction and performance; employees in general want an adequate compensation package for their contributions in an organization. However‚ according to Cascio (2010) a high-based salary alone does not guarantee a productive‚ motivated workforce. Today‚ workers have increasing personal demands to balance their quality of work life; more workers desire a
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Re: Murray Compensation‚ Inc. Facts Murray Compensation‚ Inc. (Murray)‚ an SEC registrant that provides payroll processing and benefit administration services to other companies‚ granted 100‚000 “at-the-money” employee share options on January 1‚ 2006. The awards have a grant-date fair value of $6‚ vest at the end of the third year of service (cliff-vesting)‚ and have an exercise price of $21. Subsequent to the awards being granted‚ the stock price has fallen significantly. On January 1
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Compensation and Benefits (HRM) Since compensation and benefits are vital part of HRM in most of the organizations‚ education of compensation and benefits reflect many practices and concepts pertaining to HRM. Human Resources practices do not operate in parts. They need to be strategic‚ logical and planned in the situation of the bigger organization‚ of which they are a part. Anyone in HRM is first a business partner of the organization and then an HR professional in their individual disciplines
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Chapter 1 Introducing the Pay Model and Pay Strategy 1. How do differing perspectives affect our views of compensation? There are four perspectives in terms of views of compensation: Society’s view * Pay as a measure of justice * Benefits as a reflection of justice in society * Job losses (or gains) attributed to differences in compensation * Belief that pay increases lead to price increases Stockholder’s view * Using stock to pay employees creates a sense of ownership
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ACCOUNTING FOR AIRLINE FREQUENT FLYER PROGRAMS: MANAGEMENT INCENTIVES AND FINANCIAL REPORTING IMPACTS May 2012 Brian J. Franklin‚ BBA Accounting ‘12‚ College of Business and Public Policy‚ University of Alaska Anchorage‚ 3211 Providence Drive‚ Anchorage‚ AK 99508‚ 907-268-4233 Ext. 401‚ bfranklin@frontiertutoring.com ABSTRACT The obligation to provide free or reduced-fare travel to passengers who redeem their accrued frequent flyer program (FFP) benefits represents a significant liability on
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Business Research Report Compensation Strategies ABC Manufacturing Presented to: Western Governors University Assessment Code: RWT1 Table of Contents Executive Summary 3 Introduction 4 Research Findings 5 Market Based Pay Structure 5 Traditional vs. Broadband Strategies 6 Total Rewards Strategy 7 Recommendations 8 Conclusion 9 References
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of the members of that organization”. This is known as “corporate culture”. Recently‚ the National Football League has been exposed on issues with players charged with abuse related crimes. The New York Times article titled “What’s the N.F.L.’s Incentive to Change?” discusses the advantages that this corporation has amid all of the negative media. Reporter Ian McGugan goes on to say that despite all that has happened‚ the N.F.L’s television ratings have exceeded last year’s. Corporate culture is
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for each level are and how they can be reached. How compensation is dispersed and awarded and how the compensation is given. This paper will also discuss what kind of compensation is given‚ whether the compensation is monetary or in another form. This paper will also discuss what the incentives will be for reporting abuse of other employees or violation of company policies and procedures. The steps that the company will take to keep all incentives for the different categories and employees fair and
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EPS and Compensation Only applies to common shares The Issue EPS is a measure of income earned for each share of common stock EPS = NI – preferred dividends (declared and THIS YEARS cumulative but not declared) Weighted average number of shares EPS with a stock dividend = NI – preferred dividends Shares outstanding * split ratio (or 1 + stock dividend %) Example This year we earned $100‚000 and have 50‚000 shares
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