1. An accountant at a manufacturing company has to make ensure that the company is operating efficiently. They do it by analyzing the company's data, its finance reports, budgets, tax returns, and accounting returns. Since, the company's performance is not directly linked with the accountant's job, his pay should be more emphasized on base pay. He/she does not have much incentive to misreport the company's financials and hence a good base pay will make him work efficiently.
2. A salesperson for a software company has the direct influence on the company's revenue. It means greater the sales that he/she can deliver to the company, the greater is the company's revenue, and hence its profit. So his/her pay should be emphasized on incentive pay. He/she should be incentivized for the number of sales they make in a quarter.
3. A CEO's compensation should be based on pay-for-performance criteria. The CEO is directly responsible for almost all aspects of the business. The CEO can be made to work hard and in favor of the stockholders if their bonuses are linked with the company's performances.
4. A physician at a health clinic should have their compensation emphasized on base pay. Healthcare professionals have to work under extreme pressure. If they are paid on the basis of patients they see in a day, it would be unfair if they have fewer patients on a given day, but they are in the clinic for longer hours. A base pay will make them better off as they know they have some money in their bank balance and they can focus on treating people more efficiently.
With some organizations and jobs, pay is primarily wages or salaries, and with others, incentive pay...
Job Structure: Relative Value of Various Jobs Along with market forces and principles of fairness, organizations consider the relative contribution each job should make to the organization's overall performance. In general, an organization's creation of a pay structure requires that the organization develop an internal structure showing the relative contribution of its various jobs. The first step to design a pay structure is with a job evaluation to measure the relative worth of the organization's jobs, using compensable factors such...
Managerial Compensation is a highly controversial topic in our society today. Some believe that CEO compensation is warranted while others believe that there should be a cap on the level of compensation managers can earn. After reading the section in Chapter 1 on "The Agency Problem and Control of the Corporation," please weigh in on this debate. Be sure to consider important factors such as agency problems and the concept of maximizing shareholder value. Do these views differ in reference...
I need help with my very last assignment of this term
PLEASE!!, and here are the instructions: After reading Chapter Two,
“Keys to Successful IT Governance,” from Roger Kroft and Guy
Scalzi’s book entitled, IT Governance in Hospitals and Health
Systems, please refer to the following assignment instructions
below.
This chapter consists of interviews with executives
identifying mistakes that are made when governing healthcare
information technology (IT). The chapter is broken down into
subheadings listing areas of importance to understand...
The Mayo clinic is one of the most respected names in medicine world. Founded in the 1880s in Rochester, Minnesota, the Mayo clinic embraced innovation from the beginning. It is believed to be America’s first integrated group practice as it employed the concept of coordinated, specialized care and sought out the best expertise. At the core of the Mayo culture, from its inception to today, is a team approach and physician decision making rooted in shared responsibility and consensus building....
Case 2: Going to The X-Stream Gil Reihana is the chief executive officer of X-Stream, an Auckland-based company that assembles personal computers for the New Zealand and Australian markets, and sells them through a number of chain stores and independent retailers. He started the company six years ago, at the age of 25, after graduating from university with a Bachelor’s degree in Information Technology and Management. To establish the company, Reihana invested $300 000 he had inherited and persuaded various...
Please see the articles below… 1. What is your opinion on the subject? 2. Which ethical views (i.e., utilitarian view, moral rights view, justice view, practical view) you feel are being used by both sides of the argument (i.e., for and against downloading) to justify their positions? High Court Enters File-Sharing Spat; Justices Must Determine Software Providers' Liability For Copyright Violations by Anne Marie Squeo. Wall Street Journal. (Eastern edition). New York, N.Y.: Mar 30, 2005. pg. A.2 WASHINGTON -- The Supreme...
What are the major areas of change from the old design
to the new design? What do you think the major concerns will be of
employees and managers in the new design? Use the star model to
identify the transitions at each point of the star.
Case Study 4: Reorganizing the Finance Department: Managing
Change and Transitions Read the finance department case and
consider the challenges you might anticipate during this
reorganization. Develop a transition plan that addresses the
following...
Read the articles provided (Riggio, 2008) and Javidan &
Walker (2012). Perform a self-assessment of the global mindset
competencies. What competencies do you feel are your strengths?
Your areas for improvement? What next learning steps could you take
to address your areas for improvement?
LEADERSHIP DEVELOPMENT: THE CURRENT STATE AND FUTURE EXPECTATIONS Ronald E. Riggio Claremont McKenna College This article discusses the common themes in this special issue of Consulting Psychology Journal on "Leadership Development" and summarizes some of the...
Is anyone help me this question?
CASE 2-5 Coping with Corruption in Trading with Vietnam Corruption is a fact of lifie in China. In fact Transparency Interna-fo travel to cash or gifts. (This was especially true when few tional, a German organization that applies its Corruption PerceptionPRC officials had been abroad.) As a result, traders report that Index (CP) globally. rates China with a CPl of 3.6 and is number dangling foreign trips in fromt of their PRC clients has...
Hi, Kindly assist with my project management assignment below using the attached case study Question 1 Update the project charter for the remainder of the project in response to Adams’ memo (lines 241 through 246). Question 2 Prepare a plan for the remainder of the project in response to Adams’ memo (lines 241 through 246). Your answers to the above will be assessed in terms of the level of communication displayed, the insights and inferences drawn, and your ability to...