New and Improved Rewards at Work Essay - 1590 Words

Employers have been coming up with innovative employee rewards to boost morale and acknowledge employee needs for creativity and personal goal accomplishment. Some of the latest potential employee rewards include using the internet at work for personal reasons such as shopping, communicating with friends, or personal finances; bringing a pet to work; instituting a controlled napping policy, and the sports and office betting pools.. Determine how innovations in employee benefits can improve the overall competitive compensation strategy of the organization. Workers feeling, which includes competitive compensation and reward strategies, professional growth and development, career paths and succession plans and the organizations leadership†¦show more content†¦Variable pay is a way to reward employees for contributions to organizations goals and dangle â€Å"a carrot† for future performance. It is also linked to the financial performance of the company, but can be tied to productivity, team work, safety, quality or other company/stakeholder metric. Variable pay is a type of pay-for-performance plan that was once used for executive employees, but is now used to award employees at all levels, also considered merit pay. Merit pay increases are universal and are separate from cost of living adjustment. Merit increase is typically based on an employees’ performance and once determined becomes part of the base pay. Team-based rewards are based on the team outcomes or accomplishment and can include noncash rewards such as trips, time off, or luxury items. Company-wide rewards are based on the entire performance of the company. This is usually in the form of profit sharing. Progressive companies are using variable pay more as the workforce compensation, thus ensuring when employees prosper the company prospers. This is yet to be proven especially in the recent economic downturn and payouts have been off because of sluggish performance. With stocks undervalued other compensation such as benefits and perks are more meaningful. (GA Partners, 2014) Explain how innovative benefits could be tied toShow MoreRelatedNew and Improved Rewards at Work1627 Words   |  7 Pagesinnovative benefits could be tied to specific jobs. After that, it critiques the effectiveness of equity-based rewards systems versus those with more creative approaches and discusses the key elements of integrating innovation into a traditional total rewards program. And last, it recommends a process that optimizes an employee-based suggestion program to continually refresh the total rewards of the organization. 1. Determine how innovations in employee benefits can improve the overall competitiveRead MoreNew And Improved Rewards At Work. Creating And Implementing1534 Words   |  7 PagesNew and Improved Rewards at Work Creating and implementing new and improved rewards systems at work has been a tool of success for many organizations. Corporations use these rewards to boost employee morale and to allow their employees â€Å"me time†. Throughout the course of this paper, I will determine how innovations in employee benefits can improve the overall competitive compensation strategy of the organization. Next, I will explain how innovative benefits could be tied to specific jobs. ThirdlyRead MoreEssay Total Rewards1510 Words   |  7 Pages NEW AND IMPROVED REWARDS AT WORK 1 Running head: New and Improved Rewards at Work New and Improved Rewards at Works HRM 533 Total Rewards Dr. Mary Ann Wangemann Read MoreThe Importance Of Employee Motivation And Customer Retention Essay1634 Words   |  7 PagesEmployees play a pivotal role in the success of any business or non-business organization. They determine various organizational success factors including productivity, innovation, service and product quality, customer loyalty, and work efficiency. Indeed, in their research study, Ganesh and Mangalore (2016) established a strong link between employee motivation and customer retention. Therefore, any effort to improve the performance of an organization should begin with addressing human resource issuesRead More Is Financial Compensation Beneficial Or Detrimental In An Empowerment1359 Words   |  6 PagesWhat is an Empowerment ? Basically empowerment means giving the employee the ability to do their work, i.e. through the right training, the right environment, the right information, the right tools and the authority that they need. It is thought that by giving the employee increased power and responsibility that the employee will have increased motivation. Organisations have developed a number of new programs in which it is hoped that employees will have empowerment and so increased motivation.Read MoreLet1 Task 1733 Words   |  3 Pagesmore effort in her work. * Instrumentality: the belief that an individual’s performance will result in a reward for that performance (or the performance-reward relationship). If an employee works for an organization that rewards employees with salary increases or promotion based upon positive performance evaluations, the employee may feel justified in the additional effort he has exerted to receive the positive evaluation. However, if the organization only offers such rewards based upon employeeRead MoreHerman Miller Inc Case Study Essay1167 Words   |  5 Pagesto staff the organization with managers and employees capable of executing the strategy? How did this practice build the organizational capabilities required for successful strategy execution? Lifelong employment is known as permanent employees work for a single employer and are paid directly by that employer. In addition to their wages, they often receive benefits like subsidized health care, paid vacations, holidays, sick time, or contributions to a retirement plan. Permanent employees are oftenRead MoreImproving The Situation At The Engstrom Auto Mirror Plant1345 Words   |  6 PagesScanlon Plan bonus works, create or use their marketing and sales department to the full capacity, and to help empower the workforce work to achieve Corporate Social Responsibility. (CSR) With the problems piling up at the Engstrom plant causing it to go downhill, there are solutions to the problems. As work changes, so do the nature of the relationships between employees and employers. Each expects of the other to focuses on competency, development, continuous training, and work and life balance.Read MoreTask 2.3 Group Dynamics And Teamwork1623 Words   |  7 PagesTask 2.3 - Group Dynamics and Teamwork The organization would be considered a formal group, identified by the organizational structure, with this office being a functional group since it operates as a full-time department team performing ongoing work to achieve organizational objectives. Group dynamics is the forces that operate in groups that affect task performance and human resource maintenance (Wiesner, 2010). While there are a number of models on group development such as Tuckman or GersickRead MoreMerit Pay For Teachers And Teachers1327 Words   |  6 Pagestheir performance, and that of their students. Some states have already started using merit pay programs. Merit pay encourages teachers to work harder at assisting their students in learning. Replacing the current public education system with a merit-based system would rid the education community of bad teachers. It would attract a higher achieving work force to teaching and encourage overall improvement in schools. This would all lead to better teachers and more student success in schools.

How John Keats used Symbolism in his Ode to a Grecian Urn...

How John Keats used Symbolism in his â€Å"Ode to a Grecian Urn† nbsp;nbsp;nbsp;nbsp;nbsp;John Keats was born in 1795 in Moorfields, England. He was the son of a stableman who married the owner’s daughter and eventually inherited the stable for himself. He was fourteen when his mother died of tuberculosis. Having been apprenticed to an apothecary at the age of fifteen, John felt the need to leave medical field to focus primarily poetry. Keats’s imagery ranges from all of our physical sensations: sight, touch, sound, taste, and sexuality. Keats is one of the most famous for his Odes. Traditionally, the ode is lengthy, serious in subject, elevated in its diction and style, and often elaborate in its stanza structure. â€Å"Symbolism seems the†¦show more content†¦The silence of the urn is stressed, it is the â€Å"unravish’d bride of quietness.† Symbolism is used to compare the urn as a â€Å"foster-child of silence. Keats makes use of time and motion with the word â€Å"still.† Although the urn exists i n the real world, which is subject to change and time, the urn and the life that it represents are unchanging. Hence, the bride is â€Å"unravish’d† and as a â€Å"foster† child, the urn is touched by â€Å"slow time,† not the time of the real world. Because the urn is a thing, and the figures are carved on the urn, it is not bind by time; therefore, the urn may be changed or affected over â€Å"over slow time.† nbsp;nbsp;nbsp;nbsp;nbsp;According to author Jack Stillinger, in a book titled Twentieth Century Interpretations of Keats’s Odes, â€Å"In the first line of the poem Keats pointedly enunciates the duality of his theme in a metaphor whose dual functions are neatly balanced. By addressing the urn as a â€Å"still unravished bride of quietness,† ‘he suggests its changeless ungenerative descent through the ages, it does not reproduce itself, remains the itself and transmits itself and its meaning directly (Stillinger, pg. 49). nbsp;nbsp;nbsp;nbsp;nbsp;Line 3 makes reference to the â€Å"Sylvan historian.† Keats is symbolizing the border of leaves that encircles the vase. This â€Å"Sylvan historian† holds all of the answers to the past that this urn is representing. The urn can expressShow MoreRelatedTo Autumn, by John Keats Essay887 Words   |  4 Pages The poem â€Å"To Autumn† by John Keats was written with a sense of him describing his girl as a person, of whom he loved very dearly. This was the last great ode he was able to write before he died (Prince). This poem was written on crisp, fall day in September (Flesch). After Keats had composed this poem, he wrote a letter to his friend calling his work a genesis (Flesch). Even though this poem was written for Keats lover, it also described how as the seasons are changed to fall, summer still has aRead MoreSimilarities and Dissimilarities Between Shelley and Keats6975 Words   |  28 PagesSimilarities and dissimilarities Though P. B. Shelley and John Keats were mutual friends, but they have possessed the diversified qualities in their creativity. These two are the great contributors of English Literature, though their lifecycle were very short. Their comparison are also little with each other, while each are very much similar in thoughts, imagination, creation and also their lifetime. 01)  Attitude towards the Nature P. B. Shelley: Whereas older Romantic poets looked at nature as

Key Sources of Financial Fragility-Free-Samples-Myassignmenthelp

Questions: 1.Describe three key sources of Financial fragility that led to the Financial Crisis 2.Discuss about the Central Banks response to the Crisis. 3.What is the relationship between financial development, growth and volatility? Answers: 1.The beginning of the US financial crisis can be traced back to 2008 following the collapse of Lehman Brothers Investment Bank. This was then followed by the 2009 EU Debt crisis which affected many European countries and finally the global economic downturn. In this essay, I describe the three main sources of the financial fragility that led to the above sequence of events. Securitization According to Diamond and Raghuran (2009), one of the reasons for the financial crisis can be blamed on securitization of assets. Following an increase in demand for housing and low interest rates, many banks began investing in mortgage based securities. A mortgage based security is a type of derivative whose price is based on the value of its mortgages used as collateral. The banks would then sell these securities to investors like hedge funds, pension funds, commercial banks and other institutions. In the process, they were also transferring their credit risk to these investors. As a result, these securities were deemed more profitable to banks and they opened up a new source of funding from traditional ways. As profits grew, demands of the bank and investors to invest in these securities also grew. As a result, banks began lending loans to anyone including subprime borrowers who had a higher risk of default. When the property bubble began to burst and mortgage prices started to fall, the price of the mortgage based securities became volatile and decreased in value. By then, most banks had these securities listed on their balance sheets. The drop in value made these securities worthless and banks were faced with liquidity problems as they were unable to borrow against them. Some went to the extent of becoming insolvent. To prevent the entire system from collapsing, big financial institutions had to be bailed out by the Feds and other governments. Short Term Debt The second reason provided by Diamond and Raghuran (2009) for the financial fragility was the heavy reliance by financial institutions on short term debt capital structures. In good times and periods of low interest rates, short term debt is favored by most institutions as it is cheaper than long term debt. However, as pointed above, a lot of these banks were holding mortgage based securities which were dependant on the value of real estate. Consequently, there was a maturity mismatch as the assets backing the short term debt were long term in nature. Furthermore, during the economic downturn, it was impossible to liquidate property and real estate in the short term. Thus banks were again faced with the risk of illiquidity and potential insolvency. Regulatory Failure and Deregulation The third reason for financial fragility is regulatory failures. There were many regulatory failures that led to the current crisis. For example, there was no strict regulation that existed on the transactions between the banks and other investors when selling the mortgage based securities that proved fragile under stress. These resulted in numerous layered transactions and almost every institution ended up holding these securities, either directly or indirectly, on their balance sheets. In addition, the numerous layers involved in the selling of these securities complicated the supervision process by the regulators. According to Kroszner and Melick (2009), the tools and approaches used for financial regulation prior to the crisis had not evolved along with the changes and sophistication of the financial system. As a result, they proved inadequate. Additionally, other regulatory failures included a decline in credit risk underwriting procedures. Traditionally, the process of offering loans was stricter but with the securitization, it became more relaxed. Furthermore, there was poor oversight by rating agencies on the lending process. In summary, we have observed that the emergence of sophisticated financial instruments coupled with short term debt structures were the key sources of the financial fragility that led to the crisis. This is evident from the way many US banks were moving away from traditional roles of just lending and investing in derivatives like mortgage based securities which they perceived to be more profitable with less strict underwriting procedures. The financial crisis also revealed weaknesses in the original supervisory structures of banks which proved to be inadequate and out of date. Consequently, it generated a need to strengthen the existing framework by tackling existing problems while identifying and preventing possible future threats to the system. 2.The central banks role is to maintain prices and stabilize inflation. According to Bernanke (2009) speech, the central bank (fed) did the following in response to the crisis. Ease monetary policy by cutting down the discount rate- In an effort to improve the economy and reduce inflation, the discount rate was brought down to its lowest rate of 1% over seven months. Provide short-term liquidity to financial institutions that are sound- This allowed institutions to borrow from the bank against the less liquid collateral. By providing liquidity they were reducing systematic risk. Directly provide liquidity to market players in specific credit markets. The aim of providing liquidity was to reduce concerns of rollover risk in cases where a borrower couldnt repay maturing commercial paper. Increase banks portfolio investment in long-term securities- The aim of this is to improve conditions in the mortgage markets by placing a downward pressure on the long term interest rate. 3.Theoretically, financial development should support economic growth as it allows for proper allocation of capital and resources. However, in reality, this may not always be the case as evidenced by the 2008 financial crisis. We observed that financial development came at a cost in terms of volatility. The new sophisticated instruments and multiple layers of transactions made the system vulnerable and fragile to shocks consequently leading to a downward spiral of the economy (Kroszner, 2012). On the other hand it can also be argued that financial development may reduce volatility through risk sharing and diversification. However, this effect may probably be more visible in less developed markets than mature markets like in the west. References Kroszner, R. (2012). Stability, Growth, and Regulatory Reform. Paris: Banque de France. Diamond, D., Raghuran, R. (2009). The Credit Crisis: Conjectures about Causes and Remedies. Cambridge: National Burea of Economics Research. Kroszner, R., Melick, W. (2009). The Response of the Federal Reserve to the Recent Banking and Financial Crisis. Rome: Brugel Institute and the Peterson Institute of International Economics. ernanke, B. (2009, January 13). The Crisis and Policy Response. Retrieved August 5, 2017, from www.federalreserve.gov/newsevent/speech/bernanke20120413a.htm Kroszner, R., Melick, W. (2009). The Response of the Federal Reserve to the Recent Banking and Financial Crisis. Rome: Brugel Institute and the Peterson Institute of International Economic.

Roger Ebert on Finding Nemo Essay Example For Students

Roger Ebert on Finding Nemo Essay Roger Ebert promoted the Pixar film, Finding Nemo as an excellent kids movie that is also pleasurable for adults. His article is ascribed with rhetorical devices that help to persuade anyone reading it. He uses many allusions and pathos that help make his piece emotional and persuasive. Roger uses compare and contrast and classification rhetorical discourses. He makes the piece flow flawlessly using all of the devices and different types of rhetorical discourse. Allusions are within his review that help readers understand what the movie is about. Finding Nemo has all of the usual pleasures of the Pixar animation stylethe comedy and wackiness of Toy Story or Monsters Inc. or A Bug’s Life. †(Ebert)This allusion works because it gives the person reading an idea of what the animated movie is going to be about. He helps to persuade the reader to want to watch Finding Nemo if they liked any of the other movies that were listed. Roger uses pathos in his review to help the reader feel the types of vibes you get from the movie. The movies take place almost entirely under the sea, in the world of colorful tropical fishthe flora and fauna of a shallow warm-water shelf not far from australia. The use of color, form and movement make the film a delight even apart from its story. †(Eberts) In that one sentence the reader gets a very optimistic feeling. Roger uses bright and uplifting words that persuade you to want to watch the movie. Within the article Roger uses the compare and contrast rhetorical discourse. Eberts states â€Å"‘Finding Nemo’ has all of the usual pleasures of the Pixar animation stylethe comedy and wackiness of Toy Story or Monsters Inc. or A Bug’s Life. † He is comparing Finding Nemo to the rest of those movies. He uses this discourse to help and show the reader that if they loved any of those three movies they will enjoy Finding Nemo just as much. Roger incorporates classification rhetorical discourse in his piece to get people interested and try to qualify downsides of the movie. Eberts qualifies â€Å"The first scenes in Finding Nemo are a little unsettling, as we realize the move is going to be about a fish, not people. But of course animation has long since learned to enlist all other species in the human race, and to care about fish quickly. † He states this to show that even though the movie is about fish they still all have human characteristics. He also says this to try to attract more people to this film in case they are ambivalent about watching the film. Roger also says this to appease with people that may think the movie is asinine because it is only about fish. Roger knows how to use rhetorical devices to get people hooked on his reading and persuade them. He uses many rhetorical discourses as well to help strengthen his points. Roger had a positive review on Finding Nemo and recommends it to any age because of the magnificent animation and enjoyable storyline. Roger was accountable for persuading readers that Finding Nemo was worth watching which he did excellently. Bibliography: Ebert, Roger. Finding Nemo Movie Review Film Summary. All Content. N.p., 30 May 2003. Web. 12 Mar. 2015. Germain, David. At the Movies Finding Nemo' SeMissourian.com. N.p., 29 May 2003. Web. 17 Mar. 2015.  . MORGENSTERN, JOE. Finding Nemo Reels In A Whopper of a Fish Story. WSJ. N.p., 30 May 2003. Web. 17 Mar. 2015.