problems. Due on Friday‚ Jan. 30‚ 2014 (Submitted through the drop-box on eCentennial) Tasks: Case Study (Study only one of the following cases which are posted on eCentennial) 1. Case 1: Running case: The New Pay Plan 2. Case 2: Case Incident: Salary Inequities at Acme Manufacturing 3. Case 3: Alliston Instruments 4. Case 4: Plastco Packaging For the chosen case‚ answer the following three questions one by one (Make sure you answer the following three questions but not those questions at the
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Case You are the internal audit senior responsible for conducting an assurance engagement of the XYZ Company payroll process. This process has not been audited for three years and‚ as such‚ is due in the normal audit cycle. There have been no significant changes since the previous audit‚ that is‚ there were no system changes‚ no reorganization of personnel‚ and no substantive procedural changes. However‚ during the last assurance engagement‚ the internal audit function identified several observations
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Case #1 Executive summary Our company operates in a small but lucrative market. We make expensive hi-tech widgets. Due to one of the broadest product portfolios in the market we have a sustainable‚ long-term relationship with our customers. The market we operate in is narrow from both customers and competitors’ perspective. At this point in time we command approximately 40% market share‚ while our closest competitor holds 25%. The remaining 35% is divided between 6 other major competitors. From
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Name: Cao Tien Minh Chau Class: Business Ethic A Chapter 3 – Discussion Questions – Walmart Case 1. In my personally‚ Walmart is a socially responsible company. The facts I would want to know in order to answer this question are Walmart: * Firstly‚ people receive a significant financial benefit from Walmart such as investors receive dividends‚ consumers receive low prices. Besides‚ Walmart also creates many jobs for employees and many businesses benefit for its suppliers. In the other hand
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benefits 1. Fixed annual wage. 2. Infrequent layoff ‚ 52 week notice period (too long) 3. Much better than industry avg (2x salary) 4. Bonus generously paid 5. layoff notice to 325 employees 12 1.It’s a seasonal industry. Fix wage and low layoff increase cost of operation. 2. Bring cost down to at least industry avg 3. Reduce hourly wage 1.Enjoy greater salary and wages 2. Job security What is your general position in the negotiation? As management‚ we can
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Overview Microlite S.A. is a company in Brazil that manufactures alkaline and zinc-carbon batteries. In 1992 the company was faced with a reduction of tariffs on imported manufactured goods which would mean that the international competition would increase significantly. Luiz Pinto‚ who was a Microlite manager at the time‚ was faced with the opportunity to reduce labor and manufacturing costs by closing down the plant in Guarulhos and move production to the plant in Jaboatao. The choices
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1 dollar per day in Bangladesh. I feel very upset based on the event that Bangladesh factory collapsed a few weeks ago because modern-day slavery still exists in Bangladesh. As a result‚ modern-day slavery still exists on account of the workers’ salaries‚ working conditions and because some workers are forced to work. One of the primary reasons of why modern-day slavery still exists is that the wages of workers in this factory were lower than the legal wage. Plenty of workers got less than
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is to recognize that his workers are also members of‚ and thus are affected by‚ an entity larger than the company; that is‚ the country. 2. The possible psychological impact of a wage increase on his workers. Reports by popular media on wage and salary compensations may have influenced the employees’ mind set. 3. The basis for MPI’s current compensation system and how its implementation affects interactions within the firm. 4. The staffing policies being followed by the firm in recruiting selecting
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cover services‚ salaries and equipment‚ is not sufficient to fund the necessary IT upgrades given the in house salaried workers and the trusted local subcontractors EDC is used to working with. 2. Inadequate‚ non-coherent IT infrastructure company wide. ANALYSIS 1. The IT Director‚ Deluca‚ is only able to work with about $1.2 million dollars a year. He can only work with a small fraction for infrastructure changes as the rest is allocated for in house employee salaries‚ services‚ and equipment
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follow such ‘bell shaped’ distribution. Therefore many companies do not simply ‘rank and yank’. They use stack ranking mainly to determine the compensation as a way to motivate workers. Such compensation usually include BSMA (Base Salary Merit Award‚ or a.k.a. annual salary increase)‚ Bonus payout and KCA (Key Contributor Award‚ which is extra bonus paid to small percentage of top performers). In my company‚ stack ranking has been implemented for quite long time. Our employees will be categorized
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