compensation. Pay Equity: Internal and External Considerations KENT ROMANOFF Associate Hay Group‚ Inc. KEN BOEHM Labor Economist Pacific Telesis EDWARD BENSON Vice-President‚ Hay Group‚ Inc. EqUity (or fairness)‚ a central theme in compensation theory and practice‚ arises in many different contexts. Here‚ for example‚ are some major areas: • The legal and economic issue of equal pay for similar work (comparable worth). • Pay differences caused by external competition or market pressures
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International Trade Simulation and Report Michael C. McGee ECO/212 September 7‚ 2011 Mr. Sella-Villa International Trade Simulation and Report International trade is a dynamic‚ ever-changing‚ and progressive evolution that exists in the 21st century. Countries around the world have come to depend heavily on international trade to keep their economies robust and running smoothly. Some countries have the capability to produce a particular good or product more cost-effective and efficient than
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October 1‚ 2011 I was asked to give my recommendations on LJB Company’s internal control system before the company decides to go public in the future. Based on my review of the information that I have been given‚ the following are my recommendations for new internal controls: 1. Establishment of Responsibility 2. Segregation of Duties 3. Human Resources Control 4. Independent Internal Verification 5. Physical controls It is good to see that LJB recognizes the efforts of its
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Situation Analysis Since the inception of a revolutionary spicy chocolate recipe‚ Marilyn Lysohir and Ross Coates have been striving to grow a profitable business in the chocolate industry. Each year Marilyn has loaned the company money to keep it running. Cowgirl Chocolates‚ primarily run by Marilyn‚ with help from family and art associates is branded based on the concept that chocolate lovers are fun and adventuress in spirit and whimsical. Cowgirl chocolates caters to both Chocolate lovers
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RELATIONSHIP BETWEEN INTERNAL AND EXTERNAL AUDIT Professor PhD Atanasiu Pop‚ „Babeş-Bolyai” University of Cluj-Napoca‚ e-mail: apop@econ.ubblcuj.ro PhD Student Cristina Boţa-Avram‚ „Babeş-Bolyai” University of Cluj-Napoca‚ e-mail: botaavram@gmail.com PhD Student Florin Boţa-Avram‚ „Babeş Bolyai” University of Cluj-Napoca‚ e-mail: botaavramflorin@yahoo.com ABSTRACT: Analyzing the evolution process of internal audit‚ from its beginnings and so far‚ we can easily notice that internal audit function was
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Internal and External Equity Comparisons Organizations that has the drive to flourish in a market that is very competitive must have a compensation plan that is well designed and inspires its employees‚ has benefit programs‚ guarantees equity‚ and handles compensation costs. These plans should mirror the culture of its employees. Organizations have numerous of options when designing a compensation plan comes into play‚ and must consider how the options they have chosen will be suitable for their
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specialisation of its meaning. The word case‚ for instance‚ alongside its general meaning of ’circumstances in which a person or a thing is ’ possesses special meanings: in law ( ’a law suit ’)‚ in grammar (e.g. the Possessive case)‚ in medicine ( ’a patient ’‚ ’an illness ’). Compare the following: One of Charles ’s cases had been a child ill with a form of diphtheria. (C. P. SNOW) (case = a patient). The Solicitor whom I met at the Holfords’ sent me a case which any young man at my stage would
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Organizational Structure Organizational Structure Google is one of the largest and well-known companies in the technology industry. They have been known for their search engine for many years now. Also‚ Google has expanded their business into several other areas in technology from smart phones‚ tablets‚ android‚ and business software. Google’s search engine is known for reliably getting its users the information they want. One unique aspect that Google has is its business organizational structure
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with relevant skill level. There are pros and cons to both internal and external hiring. In the current economic scenario‚ companies look cut costs by hiring within their four walls rather than from the outside. it has been estimated that cost on finding and hiring someone externally is 1.7 times more than internal hiring. Furthermore‚ as per the research 40 to 60 percent of external hiring is unsuccessful as compare to 25% for internal. The trend of hiring from outside is no longer frequently practiced
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qualities‚ and abilities and experience necessary to do the job successfully. The recruitment and selection process consists of: Job requisition‚ Analysis‚ Attracting Candidates‚ and selection. Stage one in the recruitment and selection process is the job requisition. During this stage‚ Human Resources should consider if the post is actually needed as in some cases a new employee is not always the answer‚ For instance‚ some tasks may not be necessary‚ some tasks could be incorporated into another post while
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