Executive Compensation: An agency problem: The globalized world of today has seen many scandals derived from the compensation schemes that are granted to top-level executives from their respective organizations. The compensation policies put in place in organizations are a result of a fundamental agency problem‚ the problem being that of the principal and the agent relationship. The issue arises due to the principal who hires the agent to perform day-to-day management tasks and oversee operations;
Premium
Employee Engagement In an organization‚ employee engagement is necessary for a successful business. It is important that employees are happy with their positions and this is usually determined on how they are led by their superiors. This paper will discuss what employee engagement is the reasons why low employee commitment exists‚ ways to involve employees‚ types of employee engagements‚ and lastly‚ a model that will help one realize the importance of understanding how a happy staff of people
Premium Human resource management Employment Human resources
Employee Monitoring: Employer Safeguard or Invasion of Privacy? Sarah L. Voorhees Employee Monitoring: Employer Safeguard or Invasion of Privacy? Employee privacy has been a controversial topic especially with the rise in internet usage‚ the popularity of social media increasing‚ and the addition of GPS to mobile devices. With these advances in technology there are numerous ways for employers to monitor their employees’ time at work. According to Evans (2007) as many as eighty percent of the
Premium Privacy Employment Privacy law
Employee Motivation South University Lauren England Employee Motivation Motivation is a key factor in companies today. The employees of these companies need motivation to keep working hard and staying strong. Especially in today’s economy motivation is a must for employees to help them and keep them going. “Motivation is not simply working hard—it also reflects your view of your own abilities” (Robbins & Judge‚ 2010‚ p.204). There are many ways that companies can help their employees maintain
Premium Motivation Self-determination theory
company through the difficulties of an Internet start-up to a successful initial public offering of stock in June 2000. However‚ his approach to motivation can be described as a bit unusual because it involves taking employees out of their normal work environment and requiring them to do something completely different as a form of punishment. Ferro believes that an occasional kick in the pants is good for employee motivation. He has created what he calls the penalty box for his programmers who
Premium Motivation Maslow's hierarchy of needs
Employee welfare Our human resources system and welfare programs As the driving force for putting Astellas’ business philosophy into practice‚ employees are the stakeholders most deeply involved in Company efforts. Therefore‚ Astellas positions “Employees” as one of the most important factors in CSR based-management. Along with showing respect for human rights‚ character and individual personality‚ the Company strives to provide workplaces that are safe and easy to work in. As a response to social
Free Occupational safety and health
Employee Benefits Increasingly‚ employees are being allowed to choose benefit packages from a menu of items. For instance‚ workers may be given a package of benefits that includes basic and optional items. Basics might include modest medical coverage‚ life insurance equal to a year’s salary‚ vacation time based on length of service‚ and some retirement pay. But then employees can use credits to choose among such additional benefits as full medical coverage‚ dental and eye care‚ more vacation
Premium Wage Employee benefit Employment compensation
Do you consider employee empowerment and participation important? I consider employee empowerment to not only be important‚ but vital to an organization’s level of morale and human potential. Empowerment has many benefits to include: increased motivation to reduce mistakes and have individuals take more responsibility for their own actions‚ increased opportunity for creativity and innovation‚ the continuous improvement of processes‚ products‚ and services‚ improved customer satisfaction by having
Premium Management Decision making Employment
Employee recognition awards In today’s highly competitive business world‚ employee recognition is an important aspect of a business that needs to be given due attention. The way it is implemented and its success depend on how the business pursues employee recognition. In this report‚ we would like to showcase employee recognition in the business world‚ the theories behind each application‚ and how it is implemented by businesses. Employee recognition is an incidence or program by which an employer
Premium Management Employment Organization
maintain a culture of high performance. Managers must be educated about the importance of the grievance process and their role in maintaining favorable relations with the union. Effective grievance handling is an essential part of cultivating good employee relations and running a fair‚ successful‚ and productive workplace. Positive labor relations are two-way street both sides must give a little and try to work together. Relationship building is key to successful labor relations. This survey is
Premium