This chapter discusses reward and pay plans. It covers intrinsic and extrinsic rewards, financial and non-financial rewards, and performance-based and membership-based rewards. It also discusses different types of reward plans including incentives, executive compensation, international compensation, and issues around establishing pay structures.
Diversity In Organizations, Chapter-2, Organizational BehaviorDr.Amrinder Singh
Diversity In Organizations, Chapter-2, Organizational Behavior
This PPT is based on the Organizational Behavior Book Written By Stephen P. Robbins & Timothy A. Judge, Edition -17th, Publisher Pearson
Understanding Work Teams, Chapter-10 Organizational BehaviorDr.Amrinder Singh
Understanding Work Teams, Chapter-10, Organizational Behavior
This PPT is based on the Organizational Behavior Book Written By Stephen P. Robbins & Timothy A. Judge, Edition -17th, Publisher Pearson
L E A R N I N G O U T L I N E
Follow this Learning Outline as you read and study this chapter.
Who Are Leaders and What Is Leadership
Define leaders and leadership.
Explain why managers should be leaders.
Early Leadership Theories
Discuss what research has shown about leadership traits.
Contrast the findings of the four behavioral leadership
theories.
Explain the dual nature of a leader s behavior.
Note: If this publication all links are dead, but you need to download files from this publication, please send me a private message and I'll try to help you or emai to info@presslounge.vn for supporting
Disclaimer: We do not encourage illegal activity. References to a content protected by the copyright law, are given exclusively in the fact-finding purposes. If you liked the program, music or the book – buy it.
Introduction1but the focus in this chapter is pay. they al.docxmariuse18nolet
Introduction
1
but the focus in this chapter is pay.
they all help maintain employee commitment
There are many work motivators, including
promotions
desirable work assignments
peer recognition
work freedom
Rewards Review
2
bonuses
piecework
commission
incentive
plans
merit pay
plans
cost of living
increase
labor market
adjustment
profit sharing
time-in-rank
increase
protection
Program
pay for time
not worked
services/
perks
assigned
parking space
preferred
assignments
business
cards
own
secretary
impressive
title
participation in
decision making
greater job
freedom
more
responsibility
opportunities
for growth
diversity
of activities
Financial
Non-financial
Extrinsic
Implied
membership-based
Performance
based
Explicit
membership-based
Intrinsic
Types of Reward Plans
3
intrinsic rewards (personal satisfactions) come from the job itself, such as:
pride in one’s work
feelings of accomplishment
being part of a work team
extrinsic rewards come from a source outside the job, mainly by management:
money
promotions
benefits
Intrinsic versus Extrinsic Rewards
Types of Reward Plans
4
financial rewards:
Financial versus Nonfinancial Rewards
nonfinancial rewards:
wages
bonuses
profit sharing
pension plans
paid leaves
purchase discounts
make life on the job more attractive; employees vary greatly on what types they like
Types of Reward Plans
5
performance-based rewards are tied to specific job performance criteria
commissions
piecework pay plans
incentive systems
group bonuses
merit pay
membership-based rewards such as cost-of-living increases, benefits, and salary increases are offered to all employees
Performance-based versus Membership-Based
Compensation Administration
6
An effective, fair compensation program:
Companies derive their compensation programs from job evaluation, which defines the appropriate worth of each job.
Both employees and employers
can research compensation
facts and issues at
www.salary.com
http://salary.nytimes.com/
http://www.salaryexpert.com/
attracts
motivates
Retains competent employees
Compensation Administration
7
The Fair Labor Standards Act requires:
minimum wage
overtime pay
record-keeping
child labor restrictions
exempt employees
include professional and
managerial employees
not covered under
FLSA overtime provisions
nonexempt employees
eligible for premium pay
(time and one-half)
when they work more than
40 hours in a week
Compensation Administration
8
Civil Rights Act:
broader than Equal Pay Act
prohibits discrimination on the basis of gender
used to support comparable worth concept
salaries established based on skill, responsibility, effort, and working conditions
Equal Pay Act of 1963 requires that men and women hired for the same job be paid the same.
Job Evaluation and the Pay Structure
9
Job analysis information determines the relative value, or rank, of each job in the organization.
Research wage information at
the Bureau of Labor Statistics
http://.
Diversity In Organizations, Chapter-2, Organizational BehaviorDr.Amrinder Singh
Diversity In Organizations, Chapter-2, Organizational Behavior
This PPT is based on the Organizational Behavior Book Written By Stephen P. Robbins & Timothy A. Judge, Edition -17th, Publisher Pearson
Understanding Work Teams, Chapter-10 Organizational BehaviorDr.Amrinder Singh
Understanding Work Teams, Chapter-10, Organizational Behavior
This PPT is based on the Organizational Behavior Book Written By Stephen P. Robbins & Timothy A. Judge, Edition -17th, Publisher Pearson
L E A R N I N G O U T L I N E
Follow this Learning Outline as you read and study this chapter.
Who Are Leaders and What Is Leadership
Define leaders and leadership.
Explain why managers should be leaders.
Early Leadership Theories
Discuss what research has shown about leadership traits.
Contrast the findings of the four behavioral leadership
theories.
Explain the dual nature of a leader s behavior.
Note: If this publication all links are dead, but you need to download files from this publication, please send me a private message and I'll try to help you or emai to info@presslounge.vn for supporting
Disclaimer: We do not encourage illegal activity. References to a content protected by the copyright law, are given exclusively in the fact-finding purposes. If you liked the program, music or the book – buy it.
Introduction1but the focus in this chapter is pay. they al.docxmariuse18nolet
Introduction
1
but the focus in this chapter is pay.
they all help maintain employee commitment
There are many work motivators, including
promotions
desirable work assignments
peer recognition
work freedom
Rewards Review
2
bonuses
piecework
commission
incentive
plans
merit pay
plans
cost of living
increase
labor market
adjustment
profit sharing
time-in-rank
increase
protection
Program
pay for time
not worked
services/
perks
assigned
parking space
preferred
assignments
business
cards
own
secretary
impressive
title
participation in
decision making
greater job
freedom
more
responsibility
opportunities
for growth
diversity
of activities
Financial
Non-financial
Extrinsic
Implied
membership-based
Performance
based
Explicit
membership-based
Intrinsic
Types of Reward Plans
3
intrinsic rewards (personal satisfactions) come from the job itself, such as:
pride in one’s work
feelings of accomplishment
being part of a work team
extrinsic rewards come from a source outside the job, mainly by management:
money
promotions
benefits
Intrinsic versus Extrinsic Rewards
Types of Reward Plans
4
financial rewards:
Financial versus Nonfinancial Rewards
nonfinancial rewards:
wages
bonuses
profit sharing
pension plans
paid leaves
purchase discounts
make life on the job more attractive; employees vary greatly on what types they like
Types of Reward Plans
5
performance-based rewards are tied to specific job performance criteria
commissions
piecework pay plans
incentive systems
group bonuses
merit pay
membership-based rewards such as cost-of-living increases, benefits, and salary increases are offered to all employees
Performance-based versus Membership-Based
Compensation Administration
6
An effective, fair compensation program:
Companies derive their compensation programs from job evaluation, which defines the appropriate worth of each job.
Both employees and employers
can research compensation
facts and issues at
www.salary.com
http://salary.nytimes.com/
http://www.salaryexpert.com/
attracts
motivates
Retains competent employees
Compensation Administration
7
The Fair Labor Standards Act requires:
minimum wage
overtime pay
record-keeping
child labor restrictions
exempt employees
include professional and
managerial employees
not covered under
FLSA overtime provisions
nonexempt employees
eligible for premium pay
(time and one-half)
when they work more than
40 hours in a week
Compensation Administration
8
Civil Rights Act:
broader than Equal Pay Act
prohibits discrimination on the basis of gender
used to support comparable worth concept
salaries established based on skill, responsibility, effort, and working conditions
Equal Pay Act of 1963 requires that men and women hired for the same job be paid the same.
Job Evaluation and the Pay Structure
9
Job analysis information determines the relative value, or rank, of each job in the organization.
Research wage information at
the Bureau of Labor Statistics
http://.
111021, 137 PM Commentary - HRMN 395 7381 The Total RewardsBenitoSumpter862
11/10/21, 1:37 PM Commentary - HRMN 395 7381 The Total Rewards Approach to Compensation Management (2218)
https://learn.umgc.edu/d2l/le/content/615465/viewContent/22667815/View 1/19
Module 2: Core Elements of Monetary Rewards
Topics
Topic 1: What are Monetary Rewards?
Topic 2: Key Elements of Analysis and Documentation
Topic 3: Assessing and Rewarding Performance
Topic 4: Regulatory Aspects of Monetary Rewards
Topic 5: Philosophy of Market Positioning and Link to Total Rewards
Topic 6: Conclusions
Topic 1: What are Monetary Rewards?
The total rewards approach to compensation management is strategically planning a
targeted reward package to successfully attract, retain, and motivate segmented
populations of employees who possess the requisite knowledge, skills, and abilities (KSAs)
needed to achieve the organization's objectives. Table 1.2 in module 1 illustrates the
interdependent relationship of the components of the total rewards approach to
compensation. The table shares the three major components of total rewards, including
the monetary, non-monetary, and other elements of the work experience, which combine
strategically for the total rewards philosophy for the organization. Column 1 in Table 2.1
below shares many of the monetary rewards organizations offer today and will be
described in this module.
https://leocontent.umgc.edu/content/umuc/tus/hrmn/hrmn395/2218/modules/m2-module-2/s3-commentary.html?ou=615465#I
https://leocontent.umgc.edu/content/umuc/tus/hrmn/hrmn395/2218/modules/m2-module-2/s3-commentary.html?ou=615465#II
https://leocontent.umgc.edu/content/umuc/tus/hrmn/hrmn395/2218/modules/m2-module-2/s3-commentary.html?ou=615465#III
https://leocontent.umgc.edu/content/umuc/tus/hrmn/hrmn395/2218/modules/m2-module-2/s3-commentary.html?ou=615465#IV
https://leocontent.umgc.edu/content/umuc/tus/hrmn/hrmn395/2218/modules/m2-module-2/s3-commentary.html?ou=615465#V
https://leocontent.umgc.edu/content/umuc/tus/hrmn/hrmn395/2218/modules/m2-module-2/s3-commentary.html?ou=615465#VI
11/10/21, 1:37 PM Commentary - HRMN 395 7381 The Total Rewards Approach to Compensation Management (2218)
https://learn.umgc.edu/d2l/le/content/615465/viewContent/22667815/View 2/19
Table 2.1 Three Elements of the Total Rewards Model
Monetary Rewards
Non-monetary
Rewards
Work Experience
Base Pay
Income Protection
Benefits
Values of the Organization
Variable Pay Medical Insurance
Community (Individual
and Organizational)
Merit and Cost of
Living Increases
Vision and Dental Recognition
Retirement Savings Disability Training and Development
Performance
Feedback
Life Insurance Promotions
Deferred
Compensation
Paid Time Off Sense of Accomplishment
Day Care
Employee
Assistance
Program
Health Related
Programs
Tuition Assistance
Monetary Rewards
Monetary rewards are, unmistakably, a vital element of total rewards. Christofferson &
King (2006, p. 27) describe mometary rewards as "the pay provided by an employer to an
employee for services rendered ...
111021, 137 PM Commentary - HRMN 395 7381 The Total RewardsSantosConleyha
11/10/21, 1:37 PM Commentary - HRMN 395 7381 The Total Rewards Approach to Compensation Management (2218)
https://learn.umgc.edu/d2l/le/content/615465/viewContent/22667815/View 1/19
Module 2: Core Elements of Monetary Rewards
Topics
Topic 1: What are Monetary Rewards?
Topic 2: Key Elements of Analysis and Documentation
Topic 3: Assessing and Rewarding Performance
Topic 4: Regulatory Aspects of Monetary Rewards
Topic 5: Philosophy of Market Positioning and Link to Total Rewards
Topic 6: Conclusions
Topic 1: What are Monetary Rewards?
The total rewards approach to compensation management is strategically planning a
targeted reward package to successfully attract, retain, and motivate segmented
populations of employees who possess the requisite knowledge, skills, and abilities (KSAs)
needed to achieve the organization's objectives. Table 1.2 in module 1 illustrates the
interdependent relationship of the components of the total rewards approach to
compensation. The table shares the three major components of total rewards, including
the monetary, non-monetary, and other elements of the work experience, which combine
strategically for the total rewards philosophy for the organization. Column 1 in Table 2.1
below shares many of the monetary rewards organizations offer today and will be
described in this module.
https://leocontent.umgc.edu/content/umuc/tus/hrmn/hrmn395/2218/modules/m2-module-2/s3-commentary.html?ou=615465#I
https://leocontent.umgc.edu/content/umuc/tus/hrmn/hrmn395/2218/modules/m2-module-2/s3-commentary.html?ou=615465#II
https://leocontent.umgc.edu/content/umuc/tus/hrmn/hrmn395/2218/modules/m2-module-2/s3-commentary.html?ou=615465#III
https://leocontent.umgc.edu/content/umuc/tus/hrmn/hrmn395/2218/modules/m2-module-2/s3-commentary.html?ou=615465#IV
https://leocontent.umgc.edu/content/umuc/tus/hrmn/hrmn395/2218/modules/m2-module-2/s3-commentary.html?ou=615465#V
https://leocontent.umgc.edu/content/umuc/tus/hrmn/hrmn395/2218/modules/m2-module-2/s3-commentary.html?ou=615465#VI
11/10/21, 1:37 PM Commentary - HRMN 395 7381 The Total Rewards Approach to Compensation Management (2218)
https://learn.umgc.edu/d2l/le/content/615465/viewContent/22667815/View 2/19
Table 2.1 Three Elements of the Total Rewards Model
Monetary Rewards
Non-monetary
Rewards
Work Experience
Base Pay
Income Protection
Benefits
Values of the Organization
Variable Pay Medical Insurance
Community (Individual
and Organizational)
Merit and Cost of
Living Increases
Vision and Dental Recognition
Retirement Savings Disability Training and Development
Performance
Feedback
Life Insurance Promotions
Deferred
Compensation
Paid Time Off Sense of Accomplishment
Day Care
Employee
Assistance
Program
Health Related
Programs
Tuition Assistance
Monetary Rewards
Monetary rewards are, unmistakably, a vital element of total rewards. Christofferson &
King (2006, p. 27) describe mometary rewards as "the pay provided by an employer to an
employee for services rendered ...
Note: If this publication all links are dead, but you need to download files from this publication, please send me a private message and I'll try to help you or emai to info@presslounge.vn for supporting
Disclaimer: We do not encourage illegal activity. References to a content protected by the copyright law, are given exclusively in the fact-finding purposes. If you liked the program, music or the book – buy it.
9 Salary Surveys A Snapshot Market data obtained from salary surv.docxsleeperharwell
9 Salary Surveys: A Snapshot Market data obtained from salary surveys create the foundation for a viable compensation strategy. When combined with economic statistics and business strategy, they create the infrastructure of an organization’s salary practices. Just as DNA provides information used to construct, identify, and operate the human body, market data obtained from salary surveys are used to construct and operate organizations’ pay programs. Market data evolve from salary surveys that are compiled and analyzed periodically to determine how well the company pays relative to the market. How the company statistically analyzes, charts, and uses the data is a function of its corporate compensation strategy. Then, pay is delivered to employees through base salary and bonus/commission programs and maintained using salary administration guidelines and other pay delivery systems. Critical to this effort is effective communication of all components of pay to earn the most satisfaction from employees, and, ultimately, high productivity and success for the company. THE BIG PICTURE Where do salary surveys fit in? Why do we use them? An organization has many resources to achieve its goals. Even though these resources include land, material, capital, and people, it is only people who make decisions about and do things with the land, material, capital, and the people. An organization’s goals are accomplished only through people. Hence, the major challenge of any organization is to attract, retain, motivate, and align the types and numbers of people it needs to achieve its goals. This is accomplished through a value exchange—a situation in which the company and the employee give value to the other in exchange for value received to achieve their respective self-interests. This notion can be summarized by the phrase, “Value given for value received.” Figure 9.1 shows some of the items involved in the exchange. FIGURE 9.1 Value exchange pie charts. Many items given by the employee to the employer are not quantitatively measurable, but they are present and are very important to the company. The items from the employer to the employee may differ from one employee to the next with regard to what is of value. Indeed, even the relative size of the pieces differs among employees and individuals during a lifetime. For example, a relatively new employee may value growth opportunities more than an employee near retirement. Likewise, an individual might feel pay is very important today but tomorrow, when a new baby joins the family, benefits become more important. This shows that pay is just one component of the exchange. When an employer decides how much to pay an employee, several factors usually are considered: Business strategy. Internal value of job/skill. Market pay. Individual factors. Experience. Education. Performance. Contribution. Skills. Balance with benefits, stock, work environment, etc. What the company can afford. Compensation philosophy. Desired m.
12Incentive PayMedia LibraryCHAPTER 12 Media LibraryPREM.docxaulasnilda
12
Incentive Pay
Media Library
CHAPTER 12 Media Library
PREMIUM VIDEO
HRM in Action
Incentive Pay
LICENSED VIDEO
Pay for Performance
Bonuses
LEARNING OBJECTIVES
After studying this chapter, you should be able to do the following:
12-1. Discuss the major reasons why companies use incentive pay.PAGE 425
12-2. Identify the advantages and disadvantages of both individual and group incentives.PAGE 427
12-3. Briefly discuss options for individual incentives.PAGE 431
12-4. Briefly discuss options for group-based incentives.PAGE 439
12-5. Discuss the major reasons why incentive plans fail and the challenges involved.PAGE 443
12-6. Identify the guidelines for creating motivational incentive systems.PAGE 445
12-7. Discuss the issue of executive compensation and how the major provisions of the Dodd-Frank Act affect the issue.PAGE 449
12-8. Briefly discuss the question of whether incentives improve performance and some options available for incentivizing employees other than knowledge workers.PAGE 453
CHAPTER OUTLINE
Incentive Compensation
Why Do We Use Incentive Pay?
Individual or Group-Based Incentives?
Individual Incentives
Group Incentives
Options for Individual Incentives
Bonus
Commissions
Merit Pay
Piecework Plans
Standard Hour Plans
Giving Praise and Other Nonmonetary Incentives
Options for Group Incentives
Profit-Sharing Plans
Gainsharing Plans
Employee Stock Ownership Plan (ESOP)
Stock Options and Stock Purchasing Plans
Failures and Challenges in Creating Incentive Pay Systems
Why Do Incentive Pay Systems Fail?
Challenges to Incentive Pay Systems
Guidelines for Creating Motivational Incentive Systems
Executive Compensation
Too Much or Just Enough?
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
Executive Incentives
Short-Term Versus Long-Term
The Goal of Executive Compensation
Trends and Issues in HRM
Does Incentive Pay Actually Improve Performance?
Comprehensive Pay and Incentive Programs Aren’t Just for Highly Skilled Employees
p.425
Practitioner’s Perspective
Cindy reflects: Whether the economy is up or down, your star employees can always find another job. This keeps HR departments looking for ways to keep their best employees motivated and engaged in their positions.
One of Cindy’s colleagues, Terry, is a big advocate of incentive pay. “We need to look at ways to reward our exceptional employees now without expanding our base labor costs into future years,” Terry said at one of their strategy meetings. “I’ve seen evidence to support the case that employees work harder if they know they have a fair chance of being rewarded for that extra effort.”
“Well, I’ve heard lots of complaints against incentive pay,” says Bill, another member of their department. “I’m not sure we want to open our compensation program to those issues.”
Is incentive pay a good idea? The pros and cons plus the methods of implementation are detailed for your consideration in Chapter 12.
INCENTIVE COMPENSATION
LO 12- ...
Chapter EighteenManagement Making It WorkChapter OutlineMan.docxchristinemaritza
Chapter Eighteen
Management: Making It Work
Chapter Outline
Managing Labor Costs and Revenues
Managing Labor Costs
Number of Employees (a.k.a.: Staffing Levels or Headcount)
Hours
Benefits
Average Cash Compensation (Fixed and Variable Components)
Budget Controls: Top Down
Budget Controls: Bottom Up
Embedded (Design) Controls
Managing Revenues
Using Compensation to Retain (and Recruit) Top Employees
Managing Pay to Support Strategy and Change
Communication: Managing the Message
Say What? (Or, What to Say?)
Opening the Books
Structuring the Compensation Function and Its Roles
Centralization–Decentralization (and/or Outsourcing)
Ethics: Managing or Manipulating?
Your Turn: Communication by Copier
Still Your Turn: Managing Compensation Costs, Headcount, and Participation/Communication Issues
This chapter is about making it work: ensuring that the right people get the right pay for achieving the right objectives in the right way. The greatest pay system design in the world is useless without competent management. So why bother with a formal system at all? If management is that important, why not simply let every manager pay whatever works best? Such total decentralization of decision making could create a chaotic array of rates. Managers could use pay to motivate behaviors that achieved their own immediate objectives, not necessarily those of the organization. Employees could be treated inconsistently and unfairly.
This was the situation in the United States in the early 1900s. The “contract system” made highly skilled workers managers as well as workers. The employer agreed to provide the “contractor” with floor space, light, power, and the necessary
666
raw or semifinished materials. The contractor hired and paid labor.1 Pay inconsistencies for the same work were common. Some contractors demanded kickbacks from employees’ paychecks; many hired their relatives and friends. Dissatisfaction and grievances were widespread, eventually resulting in legislation that outlawed the arrangement.
Corruption and financial malfeasance were also part of decentralized decision making in the early 1900s. Some see parallels today. To help avoid history repeating itself and to redeem HR (and compensation) vice presidents from the image of unindicted coconspirators, the compensation system should be managed to achieve the objectives in the pay model: efficiency, fairness, and compliance.
Any discussion of managing pay must again raise the basic questions: So what is the impact of the decision or technique? Does it help the organization achieve its objectives? How?
Although many pay management issues have been discussed throughout the book, a few remain to be called out explicitly. These include (1) managing labor costs, (2) managing revenues, (3) communication, and (4) designing the compensation department.
MANAGING LABOR COSTS AND REVENUES
Financial planning is integral to managing compensation. As we noted in Chapter 1, compensation decisions influence organizati ...
Running head CASE STUDY 31CASE STUDY 31AbstractThe hu.docxhealdkathaleen
Running head: CASE STUDY 3 1
CASE STUDY 3 1
Abstract
The human resource manager, Don, is tasked with analyzing the compensation package of the CEO and ensuring fair pay to all employees. The factors that outline this pay structure are all vital importance when determining the compensation structure. The staff seen on the front lines are important to the organization but retaining the CEO is a great determining factor in the success of an organization. The CEO has a higher chance of remailing with the company if they are offered a competitive compensation package.
There are numerous segments that make up the director of human resources responsibilities. For this company, these responsibilities lie on Don, who must create the executive pay structure and condense each component. Don needs to gather further information to correctly determine the effective pay rate for the company’s CEO. The best solution for Don is to use the three best hypotheses to depict the procedures identified with setting official remuneration: office hypothesis, competition hypothesis, and processes used in creating executive compensation. These three theories are described by author Marticchio (2017) as the agency theory, tournament theory, and social comparison theory.
If Don were to utilize the agency theory, he would consider pressuring the COE’s proprietorship within the company. If Don chose to make the pay package through the social comparison theory gathering details on the market rates for similar industries is a must. With this theory, Don can also determine any parts of the CEO’s salary that is performance based and use those numbers to show how the CEO is adding success to the company. Though the company may be in a financial bind, this information can give detail into how the CEO is leading the company to a better future.
As the head of HR, Don must steer between implementing the best practices for the CEO's compensation plans or tweaking the compensation to line up with the objectives to of the investors (Hou, Priem, and Goranova). It is normal that Don will come across bothersome instances regarding the CEO’s pay structure and whether it is the more fair or logical decision. This HR executive has the best chance to create an excellent compensation package that all parties would agree on by detailing the pay contrasts directly to the Oakwood workers and featuring the connection that the pay structure has based on the CEO’s performance. By explaining the abilities, skills, and knowledge the COE must bring into his role, it will be better understood that his higher pay is justified. This pay structure works so well because the CEO only benefits when the company grows and gains in profits (Brisker, Colak, and Peterson, 2014). Offering the employees some examples of commitments and achievements the CEo has performed will provide background into how the CEO will further the company and create opportunities for everyone.
Don’s main goal is to ...
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
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Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
2. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 2
Introduction
but the focus in this chapter is pay.
they all help maintain employee commitment
There are many work motivators, including
promotions
desirable work assignments
peer recognition
work freedom
3. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 3
Rewards Review
bonuses
piecework
commission
incentive
plans
merit pay
plans
cost of living
increase
labor market
adjustment
profit sharing
time-in-rank
increase
protection
Program
pay for time
not worked
services/
perks
assigned
parking space
preferred
assignments
business
cards
own
secretary
impressive
title
participation in
decision making
greater job
freedom
more
responsibility
opportunities
for growth
diversity
of activities
Financial Non-financial
Extrinsic
Implied
membership-based
Performance
based
Explicit
membership-based
Intrinsic
4. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 4
Types of Reward Plans
intrinsic rewards (personal satisfactions)
come from the job itself, such as:
pride in one’s work
feelings of accomplishment
being part of a work team
extrinsic rewards come from a source
outside the job, mainly by management:
money
promotions
benefits
Intrinsic versus Extrinsic Rewards
5. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 5
Types of Reward Plans
financial rewards:
Financial versus Nonfinancial Rewards
nonfinancial rewards:
wages
bonuses
profit sharing
pension plans
paid leaves
purchase discounts
make life on the job more attractive;
employees vary greatly on what types they like
6. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 6
Types of Reward Plans
performance-based rewards are tied to specific job
performance criteria
commissions
piecework pay plans
incentive systems
group bonuses
merit pay
membership-based rewards such as cost-of-living
increases, benefits, and salary increases are
offered to all employees
Performance-based versus Membership-Based
7. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 7
Compensation Administration
An effective, fair compensation program
Companies derive their compensation programs
from job evaluation, which defines the appropriate
worth of each job.
Both employees and employers
can research compensation
facts and issues at
www.salary.com
http://salary.nytimes.com/
http://www.salaryexpert.com/
attracts motivates retains
competent employees.
8. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 8
Compensation Administration
The Fair Labor Standards Act requires
minimum wage
overtime pay
record-keeping
child labor restrictions
exempt employees
include professional and
managerial employees
not covered under
FLSA overtime provisions
nonexempt employees
eligible for premium pay
(time and one-half)
when they work more than
40 hours in a week
9. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 9
Compensation Administration
Civil Rights Act:
broader than Equal Pay Act
prohibits discrimination on the basis of gender
used to support comparable worth concept
salaries established based on skill,
responsibility, effort, and working conditions
Equal Pay Act of 1963 requires that men and
women hired for the same job be paid the same.
10. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 10
Job Evaluation and the Pay Structure
Job analysis information determines the relative value, or
rank, of each job in the organization.
Research wage information at
the Bureau of Labor Statistics
http://www.bls.gov/bls/blswage.htm
Job evaluation helps set pay structure.
Other pay structure factors:
labor market conditions
collective bargaining
individual skill differences
11. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 11
Job Evaluation and the Pay Structure
Job Evaluation Methods
A committee places
jobs in a simple rank
order from highest
(worth highest pay) to
lowest.
Jobs placed in grades
to compare their
descriptions to the
benchmarked jobs.
Look for a common
denominator (skills,
knowledge,
responsibility).
Jobs are rated and
allocated points on
several criteria.
Jobs with similar
point totals are
placed in similar pay
grades. Offers the
greatest stability.
ordering
method
classification
method
point
method
12. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 12
Job Evaluation and the Pay Structure
Establishing the Pay Structure
compensation
surveys
Used to gather factual
data on pay rates for
other organizations.
Information is often
collected on associated
employee benefits as
well.
Designates pay ranges
for jobs of similar
value. Results in a
logical hierarchy of
wages, in overlapping
ranges.
wage
curves
wage
structure
Drawn by plotting
job evaluation data
(such as job points
or grades) against
pay rates (actual
or from survey
data).
Indicates whether
pay structure is
logical.
13. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 13
Job Evaluation and the Pay Structure
External factors also influence pay structure.
geographic differences (local supply and demand)
labor supply (low supply = higher wages and vice versa)
competition (HR can match, lead, or lag)
cost of living as determined by the CPI
collective bargaining (unions)
employees must know how the pay structure is derived
14. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 14
Special Cases of Compensation
Incentive Compensation Plans
incentives can be added to the basic pay structure to
provide rewards for performance
individual
group
organization-wide
15. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 15
Special Cases of Compensation
merit pay plans (annual increase, based
on performance)
piecework plans (pay based on number
of units produced typically in a specified
time period)
time-savings bonuses and commissions
Individual Incentives
these work best where clear objectives are set and tasks are
independent
16. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 16
Special Cases of Compensation
Group Incentives
Incentives can be offered to groups, rather than individuals, when
employees' tasks are interdependent and require cooperation.
Advantages Disadvantages
Can be costly to install and administer.
De-emphasizes individual performance,
which can result in excessive peer pressure.
Requires open communication with
employees on costs, profitability, etc. If the
performance targets are not carefully
selected, adverse results may occur.
See:
http://www.hrdm.net/en/group_incentive.htm
Focuses the group on specific
performance targets.
Since rewards are controllable by
individuals, the programs can be very
motivational.
The program can be integrated with other
corporate initiatives and leads to improved
communication and employee relations
17. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 17
Special Cases of Compensation
Organization-wide Incentives
direct employee efforts toward organizational goals (such as
cost reduction)
Scanlon Plan - supervisor and employee committees suggest
labor-saving improvements.
IMPROSHARE - formula is used to determine bonuses
based on labor cost savings.
See http://www.qualitydigest.com/jul/gainshre.html
See
http://www.scanlonleader.org/index.php/Plans-ect./Plans-ect.html
18. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 18
Special Cases of Compensation
Competency-based compensation
Rewarded for skills, knowledge and behaviors
leadership
problem solving
decision making
strategic planning
Broad-banding: pre-set pay levels that determine
what people are paid based on their type and level
of competency.
Paying for Performance
19. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 19
Special Cases of Compensation
incentives for empowered work teams to exceed
established goals and share equally in rewards
depends on:
clarity of team purpose and goals
ability of the team to obtain needed resources
effective team communication skills and trust
Team-Based Compensation
20. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 20
Executive Compensation Programs
executive pay can run 400 times higher than that of the
average worker
2008 saw a decline in exec compensation, mostly due to
economic and political forces.
See:
http://online.wsj.com/article/SB123375514020647787.html
competition for executive talent raises the price of hiring an
executive
high salaries can be a motivator for executives and lower-
level managers
Salaries of Top Managers
21. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 21
Executive Compensation Programs
Supplemental Financial Compensation
deferred bonuses – paid to executives over
extended time periods, to encourage them to stay
with the company
stock options – allow executives to purchase
stock in the future at a fixed price
hiring bonuses – compensate for the deferred
compensation lost when leaving a former
company
22. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 22
Executive Compensation Programs
mortgage assistance
Supplemental Nonfinancial Compensation Perquisites
perks may
include
paid life insurance
club
memberships
expense accounts
free financial, legal and
tax counseling
company cars supplemental
disability insurance
interest-
free loans
supplemental
retirement accounts
postretirement
consulting contracts
23. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 23
Executive Compensation Programs
Supplemental Nonfinancial Compensation Perks
Golden parachutes protect executives when a
merger or hostile takeover occurs by providing
severance pay or a guaranteed position.
For the history of the golden parachute, see:
http://www.businessweek.com/magazine/content/05_50/b3963111.htm
Read about the top 10 golden parachute recipients:
http://www.time.com/time/specials/packages/completelist/0,29569,1848501,00.html
24. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 11, slide 24
International Compensation
base pay: the pay of employees in comparable jobs at home
differentials: compensation given to offset higher costs of
living abroad
incentives: inducements given to encourage employees to
accept overseas assignments
assistance programs: payment for expenses involved in
moving a family abroad and in providing some services
overseas
HR needs to understand the statutory requirements of each country
International compensation packages generally
utilize the “balance-sheet approach,” using these
four factors: