Linkage of Case to Chapter Material This case focuses on the controversial $165 million in retention bonuses paid to employees of the Financial Products unit of the American International Group (AIG), a behemoth insurance and financial services company. In early 2008, employees in the Financial Products unit were asked to remain with the company through the unit’s shutdown and, essentially, to work themselves out of a job. To entice talented employees to stay and work through the shut-down, a contractual retention bonus plan was instituted. When the bonuses were paid in early 2009, controversy and outrage arose given that AIG was the recipient of a substantial amount of United States government bailout money under its Troubled Assets Relief Program (TARP). Amid this controversy, Edward Liddy, AIG’s CEO, requested the bonus recipients to return half of the bonus amount.
Promoting an employee from within the company can benefit the employee and the company. Promoting an employee who has shown superior job performance is a good way to reward a hardworking employee. With internal recruitment, a company does not face the issue of hiring someone that the company knows nothing about. Unfortunately, internal recruitment is limited because there may not be any employees capable of fulfilling the position. External recruitment by means of applications and resumes may increase the chances of hiring an individual who does not perform well at the job.
My Boss, L.J. Watkins, wants to cut cost because of increased competition from another firm and some changes have already been made. Before these change Watkins Co. had a relatively laid back atmosphere in which supervisors did not frequently push or confront employees that often. Wages were considered low for the area and as a result workers would work overtime to make up for their low pay. They were unsupervised during these overtime hours and reportedly were very productive.
Week 9 Case Analysis Utiliscan’s By: Tenika Carroll Wednesday March 3, 2010 Dr. Kimberly Scanlan Utiliscan has experienced a growth rate in company business. The HR director and the company CEO’s have been having a very hard time trying to find experienced employees and also address the current issues within the Utiliscan. So Paul the current Director of HR has just learned of a new opportunity and has decided to leave the company, but before he left he conducted a survey on some of the employee concerns. Once the survey was completed, Paul was asked to complete a conceptual plan that would address the employees concerns and stay within the companies’ budget. Throughout the case analysis Paul will address each of the employees
There is no training program for them that state any reasons why the culture of the company relies on customer satisfaction. So in this case some employees may feel resentment for having to put so much effort into making their customer happy. For instance, some Nordstrom employees may feel that it is too difficult to meet the needs of some of their customers. Employees are expected to go out of their way, even to work long hours or beyond their hours to meet their customers’ needs, but they do not get compensated for any overtime. The environment for this employee could be very stressful and cause them to not want to put much effort into sales.
The difference between me people in leaderships positions are salary, and their lack of brains." (Jack Parsons, personal communication, August 2007). My mother's response was: "They tend to do for the well off or whites better than the lower class or minorities except for welfare and in that respect blacks rule." (Kathleen Riddell, personal communication, August 2007). If you could resolve any inequities within your community, what would you change?
Unions have helped bridge the pay gap between male and female teachers, black and whites teachers, etc. I am a firm believer that teachers are under paid, but I also think teachers pay should be based on their effectiveness and ineffective teachers need to be fired or reeducated themselves, possibly put on a probationary status. But in some states, after two years of mediocre service, a teacher is branded as “tenured” and they have a job for life. This leads to problems of absenteeism, poor work ethic, failing America’s future economy, etc., because these teachers are protected by the
Data Collection QNT/351 July 8, 2013 William Buck Data Collection BIMS has undertaken an integrative study to gain a better understanding of the root cause of the employee turnover problem at the company. In the first study the process was plagued by data coding, entry problems, and problems with the construction of the questionnaire. This compromised the data integrity and yielded disappointing results. However, the quantitative analysis of the data from the first study also provided some useful lessons, which prepared the organization to undertake a more concrete quantitative analysis in a subsequent study. Debbie Horner, the HR manager of BIMS conducted an employee survey as an instrument of
One of the major factors contributing to the change of marriage in the United States is the economy. The transition from an agricultural economy to an industrial economy definitely impacted the formation of the family forever, especially for African Americans. As our economy changed so did gender roles; which is another agent in family formation. Though women didn’t enter the workforce in vast numbers until 1970 or so (Hattery-Smith, p. 46), they have caught up and even passed their male counterparts in the African American community, causing conflict between the normality’s of American life and their own realties. Gender role differences aren’t the only reason African American men are being surpassed by their female counterparts in earnings, but because of incarceration rates.
Should the minimum age be raised? One very important controversy most people all over the world are dealing with involves money. There never seems to be enough of it. Minimum wage in the United States is approaching an all-time low. Some believe that raising the minimum wage would hurt people by making it harder to find jobs, when it actually will create more job opportunities for Americans.