Paul Fortune was the GM for HI, came from England in April 2002 to the preparations for RDH. Problem: The challenge was to transform a large group of family-based employees, working under an ad-hoc management style, into a professional group of dynamic employees operating within a structured international organizational culture. Fortune also realized that many of the existing staff, who had been employed for as long as 30 years, were limited in their work professionalism and the ability communicate in English. Opportunities: Fortune has to reduce the number of employees from 675 to 350 employees by November 2002. A two month training period for all employees would being in search for employees with the right attitude and ability.
The right to take unpaid parental leave for men and women ( if you have worked for the company for more than one year), and the right to take reasonable time off work to look after dependants in an emergency. The right under Health and Safety law to daily and weekly rest breaks. The right not to be discriminated against. The right to
This makes it easier for employees to budget effectively in their personal lives and provides consistency in income. Base pay allows an organization to budget effectively as well. The organization can forecast labor costs easily. It promotes consistency in pay rates for similar positions throughout an organization which can be seen as a benefit to both employer and employee. Inconsistency in pay rates for equal or similar positions can become a problem when employees discuss pay amount themselves, and a headache for HR and finance offices to keep track of.
According to the Fair Labor Standards Act of 1938, an employee who works more than the maximum of forty hours per weeks must be paid no less than 1.5 times his/her regular pay rate for all hours over forty (Hollowell & Miller, 2012). The FLSA takes concern in child labor laws, minimum wages, and overtime provisions. Overtime is usually referred to as “time and a half”, which means you are paid one and a half times the hourly rate for each hour worked over the forty hour limit. In this case, I only achieved more than forty hours for the first two weeks. Since I am a non-exempt employee, I have to be paid minimum wage: $7.25 as of July 24, 2009 (Hollowell & Miller, 2012).
Bonus Plans are beneficial on many levels. They inspire and motivate employees to reach and even exceed their goals, improving the productivity of the company as a whole. By offering more than just monetary bonuses, companies can customize their rewards, allowing employees to choose something they may not purchase themselves. Developing a bonus plan with guidelines is key in keeping a system consistent and fair, allowing any arbitrary guesswork to be abandoned. Tuition Assistance is another highly beneficial perk that many companies offer.
Companies will have an opportunity to choose among the best talent on the market. Without fictional unemployment people would tend to stay in their current jobs for life and create a stagnant system that could create a negative effect like subduing innovation. Fictional unemployment is also important because it matches the demand for workers with the supply from companies and helps bring equilibrium into the labor
1.1) The purpose is to become a better all rounded employee for the company thus benefiting the company with better output from yourself. The benefits of improving own performance is not only do you become a creditable asset to the company but you also become a better credit to yourself. Another benefit is that with continuously improving own performance the skills you learn will make every day to day work easier and result in getting work done quicker with less stress. If you’re always learning new skills it makes it easier to adapt to an ever changing business environment. 1.2) Feedback comes in all different way but are almost always positive in some way.
Once top employees feel that they are no longer mastering, they begin to look elsewhere for a new job opportunity. Tuition assistance programs become highly beneficial to gifted employees because they know that having an advanced degree will enrich their performance on the job, ameliorate their career growth opportunities and allow them to possibly earn more money. (Rodriguez) Analysis: After researching tuition reimbursement implementing tuition reimbursement should be done to retain talented employees which prefer to continuously want to learn and grow within the organization. More employees will be satisfied with the organization and their salary will vary based on their education
Cynthia Moore: Can you describe a typical day on the job? Jenny Graves: On a typical day I have about five students that I tutor. Some days it can be more or less just depending, especially on Saturdays since there is no school and they have more time. I work with each student for about thirty minutes to an hour depending on their needs. Cynthia Moore: How do you see your career growing or changing?
In addition, they may teach at Universities or work for private companies or work in the government. Lastly, a Psychologist also writes books and articles in professional journals. The working conditions for a Psychologist are based on the field they work in. Most Psychologist work about 40 hours per week, this depends on the urgency of their research. Psychologist with a private practice set their own hours, and many work part time as independent consultants.