organizations need to be open in their planning and need to ensure equality when creating benefits packages and pay structures. “The organization with effective compensation and benefits drives its personnel costs‚ manages the performance of employees and rewards the extraordinary performance” (HR Management Guide‚ 2011). Benefits and Compensation Equal Pay Act (1963) and Minimum Wage In 1963‚ the Equal Pay Act was established in order to assist in the elimination of wage gaps between minority groups
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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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Inadequate Compensation Percent Responding: 57.2% "Compensation for most positions is far below the market average for our region‚ no annual increases in the last 4 years." Salary.com’s survey results show that inadequate compensation is by far the number one reason that dissatisfied employees want to leave their job. It has been proven time and again that fair pay practices benefit not only the employee‚ but also the employer (by reducing unwanted and unanticipated turnover costs). Employees
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Athlete Compensation The idea of paying college athletes has been an ongoing debate since the early 1900s. With current television revenue resulting from NCAA football bowl games and March Madness in basketball‚ there is now a commotion for compensating both football and basketball players beyond that of an athletic scholarship. Because of the title “Student-athlete”‚ college athletes have the obligation to be a student first‚ and an athlete second and should not be paid to play. There have been
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company highlights the rising trend to health consciousness and the aging demographic of the baby boomers. There is also a rising competition with the super premium ice cream giant Haagen Dazs and small ice cream manufacturers that copy the Ben & Jerry menu. Ben & Jerry’s distribution is also facing limited growth‚ they will need to expand to other channels. The company organizational structure is weak and will need to be redesigned as this creates poor employee morale. In terms of supply‚ Ben
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In the section of John Henry Newman from Knowledge Its Own End‚ Newman gives compelling arguments that Liberal Education is the heart of all extensions of knowledge. He takes in his life and religious experience to prove to others how important this form of education is‚ compared to practical education. The difference between these two educations is practical‚ or useful knowledge‚ is for everyday application. As for liberal education‚ it is pursued “for its own sake” with continuous learning. When
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Compensation and benefits Assignment – 1 BPCL KOCHI REFINERIES BPCL KOCHI REFINERY Kochi Refinery‚ a unit of Bharat Petroleum Corporation Limited (BPCL)‚ embarked on its journey in 1966 with a capacity of 50‚000 barrels per day. Formerly known as Cochin Refineries Limited and later renamed as Kochi Refineries Limited‚ the refinery was originally established as a joint venture in collaboration with Phillips Petroleum Corporation‚ USA
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innovative marketing strategies that highlight company’s image of a socially responsible company. Recommendations: Hiring top talent is a priority and prerequisite to manage and grow the company and compensation is a big element of its ability to attract that talent. It should dissolve the 5:1 rule of compensation and pay per market rates for every position. For its marketing strategy‚ it should highlight its image of being a socially responsible company since research has shown that customers prefer to
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Name Student Number External and Internal Factors and how they affect Benefit Packages Course Number Compensation and Benefits Session I FALL 2013 Date Introduction When creating a benefit package for their organization‚ managers must take into consideration an array of conditions that will affect both the organization and the personnel it employs. These conditions range from external factors such as laws mandated by both local and federal agencies to internal
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Jerry Spinelli’s Crash is a book about change. The main character‚ Crash (his real name is John Coogan but everyone calls him Crash) changes from a bully to a nice person. Crash was under influence from a bully named Mike Deluca. Another character‚ Penn Webb‚ helps him turn into a nice person. The theme of this book is do not judge a book by its cover. Crash was a bully in many ways‚ so was Mike. For example‚ in the beginning of the story when both Crash and Penn were in first grade‚ Crash knows
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