...Benefit Types Holly Regan HSM/240 February 14, 2014 Terra Harris Benefit Types The Cocoon House is a non-profit organization which addresses a major social problem in society called homelessness. They address this particular social problem by offering benefits and services to those needing such assistance with a goal of clients achieving one’s full potential with a combined organizational support system. Some of the benefits and services they offer are expert services and subsidies which most often are provided by way of counseling and educational programming. Credits/vouchers provided to clients are for payment to other businesses or organizations that the client otherwise could not afford to utilize. Material goods/commodities are in-kind benefits which are distributed surplus farm materials from the government like cheese, bacon, or flour. Power over decisions presents criteria of a rational model which includes such items as 1) behavior reflects purpose of intention, 2) power is centralized and the decision process is orderly and procedural, 3) rules are based on optimization of all sorts of resources with information often widespread and extensive, 4) decisions are taken focusing on value-maximizing choices, and 5) Ideology is efficiency. These benefits are in place for at-risk youths and their families in that have found themselves in desperate situations with a heavy emphasis on those with no housing or temporary shelter. Each benefit and service is managed...
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...Cameron Boyd Benefit Types for the American Cancer Society Everybody benefits from the American Cancer Society the patient, organization, and employees. The patients benefit because they are able to receive treatment with a possible cure for their illness. Family and friends benefit as well because they do not have to watch their loved ones suffer from cancer. Patients also receive transportation assistance to and from treatment. They also get free room and board if they have to travel far. The American Cancer Society provides their patients with caps and wigs, and offer emotional support to their patients, and loved ones. The organization benefit by saving lives and receiving large donation to help research and to provide effective treatment. There are many benefits to for patients staff, and organization as one. The main benefit for the organization is funding and saving lives. This is the best reward in my opinion because God is watching and he will bless the whole organization. As for the employees the receive employment benefits that helps to make the workplace a pleasant place for staff and patients. The first work benefit they receive is medical, dental and vision insurance. Their family also receives life insurance, and 403(b) plan with employer contributions. This brings financial stability for the staff, and if the staff is financially stable then the organization falls into place. The benefit that this organization receives as one really motivates...
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...Benefit Types HSM 240 Ricardo Hernandez February 23, 2014 Tiffany L. Smith There are a plethora of benefit types and services available to the clients who receive treatment at MODCO. MODCO is not only a “walk-in” “walk-out” facility, it is a residential treatment facility that provides individual and group counseling to drug addicts, soon to be mothers the homeless, individuals with HIV and AIDS, and those in need of employment. One of the main goals of the program is to the clients and residents are taken care of and given guidance on self progress. The program is funded through many government grants, as well as several restaurants and churches. Drug addiction is a major epidemic and social problem in the local community. There are many consequences that follow as a result of usage. MODCO works closely with other well established organizations to ensure the progress and wellness of the clients and residents. MODCO offers treatment for parenting basics, receiving mental health evaluations, going to dental and medical appointments, receive family counseling, and receive any other types of services that they specifically need. The services provided most certainly address the social problem of drug addiction and the affects that it can have on a family. MODCO teaches love, leadership, independency, a responsibility. They offer their services to all who they come in contact with. Some other services provided include, job training, volunteering, housing for ex convicts, out-patient...
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...BONDS: TYPES, RISKS, AND BENEFITS When a corporation wants to borrow money from the public on a long-term basis, it does so by selling securities that are called bonds. There are different types of bonds available, each with different risks and rewards. The different factors associated with each type of bond, determines how it fits into your portfolio. A bond is an interest-only loan, where the borrower will pay the interest every period, and then repay the principal amount at the end of the loan. The value of bonds fluctuates. When the interest rate increases, the bond becomes worth less. When interest rates fall, the bond becomes worth more. A bonds value at a particular point in time, known as its yield to maturity, can be calculated by using information such as: the number of periods to maturity, the face value, the coupon or stated interest payment made on a bond, and the market interest rate for bonds with similar features. With this information we can calculate the bonds yield to maturity (YTM) or “Yield” for short. The US government is the biggest borrower in the world. In early 2009, the total debt of the US Government was approaching $11 Trillion Dollars. When the government wants to borrow money for more than one year, it sells Treasury Notes/Bonds to the public. Most US treasury bonds are just ordinary coupon bonds. Some older issues are callable meaning the government can repurchase the bond at specific price prior to maturity. Treasury issues have...
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...Kelsey Vanwey Jim Tanoos Consumer Behavior Saturday March 7, 2015 Chapter 9 8. Discuss the role of headlines in a print advertisement. What is the difference between a direct headline and an indirect headline and when might each type be used? “A headline has 5-7 seconds to get the attention of a reader. Not only that, but statistics show that only 2 out of 10 readers will read past your headline. That means if you’re going to hook your reader, you need to do it right away” (8 Types of Headlines that Compel Your Readers to Action, 2009). In addition to grabbing the reader’s attention, the headline must offer some type of value to the reader in exchange for them taking the time to read your piece. “Direct headlines are straightforward and informative in terms of the message they are presenting and the target audience they are directed toward. A direct headline may be used when someone or somewhere is offering a specific benefit, making a promise, or announcing a reason the reader should be interested in the product or service” (George E. Belch, 2014). For example, an ad “LandlordMax – 30% off today only” (8 Types of Headlines that Compel Your Readers to Action, 2009). “An indirect headline is not straightforward about identifying the product or service or getting to the point. However, they are often more effective at attracting readers’ attention and interest because they provoke curiosity and lure readers into the body copy to learn an answer or get an explanation...
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...After watching the tutorials at the end of our lecture, I have found that there are more types of power then I thought of previously. Some of these seem to be effective, while others seem to be less effective. The ones that I find to be the most effective are Referent and Expert powers, I think it is much benefit in a hardworking approach to power, such as with the referent form of power. You can ensure that things get done in an easy and fair manner. Also with the expert form of power, you ensure that you are also on top of the situation, regardless of the surrounding factors, such as people or other stresses. I would like to believe that I have these types of power, but more commonly in my job, I use legitimate power. In most of the time at work I have to be the one to tell all my fellow employees what to do and how to meet our boss demands, therefore meeting our deadline of work is the most important part. Overall I am seen as the authoritative type of management but my boss is more uses of the coercive form of power, which I think is probably the least effective type. It almost makes me want to perform at a lower level when being treated in that way. When he does use this form of power, there are times where I do use some expert power by not responding in a negative way to his coercive attitude. Being aware of these types of power can able to help me identify which types of method I should use when I am the regarding situations, and it also helps me with my leadership skills...
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...<<your name>> <<instructor’s name>> <<course title>> <<date>> Assume you are the HR Director for a midsized company and must make a decision about the company’s employee benefits package. You have not been in this position before and must maintain the current benefits budget; there may be no increases or changes to the package that will result in additional spending. 1. Describe the selection process you would use to make the most cost-effective and employee-friendly decision. Answer – Choosing the right type of benefits package is a very critical component of being attractive employer, helping attract and retain satisfied employees, by ensuring that majority of employee needs are taken care of. Given the huge number of options that are available in the market, with many more coming up every year, it becomes very tricky to determine what benefits package would be the most beneficial to the employee. Given the constraints on budgets, there must be multiple trade offs made between the extent and variety of benefits provided, and therefore the employer has to determine which package would cover the needs of majority of its employees. In this scenario, given that the available budget is fixed and the benefit plan for the next year has to at least as good as or even better than the previous year, the HR director has to think creatively to come up with a package that best aligns with the needs of the employees. The end result...
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...1. INTRODUCTION One of the traditional Human Resource (HR) functions is determining employees’ compensation. In modern organisations, with variety of costly employee benefit programmes, wage incentive programmes and structured pay scale, the compensation task is even more difficult and challenging for an HR specialist. Employee compensation can affect their productivity and their tendency to stay with the organisation. The HR manager must ensure that the compensation policy does not lead to high staff turnover. Employees need for income and their desire to be fairly treated by the organisation make developing HR programmes important for Human Resource Department (HRD). Compensation of people at work has become one of the most demanding problems facing management in South Africa (SA) today. In the past, payment for work performed was simple and straightforward. Paying for work not performed, such as vacation was simply unheard by the management. For most parts the employer displayed a take it or leave it attitude when making pay offers to employees. Today the almost automatic increasing of employees’ salaries every 12 months or so is common practice. Although thing has change substantially, new and better ways of compensating people are needed in Human Resource Management (HRM). To understand the utility of broader construct for considering military and civilian pay comparability, it is necessary to consider how military service differs from employment in the civilian...
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...University of Redlands Makebra Bridges – Human Resources Management Because of limited resources, many small businesses have difficulty recruiting & retaining top talent. In this paper, I will discuss how companies use indirect-financial incentives to gain a competitive advantage. How Small Businesses Provide Competitive Compensation Packages in a Global Environment. Table of Contents Introduction………………………………………………………………………………………………………….. 2 Salary vs. Compensation ..………………………………………………………………………………….. 3 Indirect Financial Payments ……………………………………………………………………………….. 5 1. Employer Match Incentives 2. Cash Rewards 3. Flexible Hours 4. Tuition Reimbursement 5. Paid Time Off Employee Rewards …………………………………………………………………………….……………… 12 Conclusion ………………………………………………………………………………………….……………… 13 INTRODUCTION In today’s workforce, small businesses—companies with 100 or less employees—are making a BIG impact. * There are more than 23 million small businesses in America--accounting for 54% of all U.S. sales. * Since the 1970s, small businesses have provided 55% of all jobs and 66% of all new jobs. * The 600,000 plus franchised small businesses in the U.S. account for 40% of all retail sales and provide jobs for some 8 million people. * The number of small businesses in the United States has increased 49% since 1982. * Since 1990, as big business eliminated 4 million jobs, small businesses added 8 million...
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...Compensation & Benefits Devry University Compensation Definition Compensation is defined as the amount of total monetary and non-monetary pay to an employee from an employer in return for work performed as directed in the job description (Heathfield). Compensation can also be thought of as direct financial compensation, indirect financial compensation, and non-financial compensation. Compensation is the reason why millions of people go to work every day. Some forms of monetary compensation can include payments such as profit sharing, bonuses, overtime pay, sales commissions, and checks. Then there are the forms of non-monetary compensation that could include things like a company-car or a company-paid house. For example, in the military we have company-paid housing. Some people might not think of the military as a company but many companies have modeled their staffing just like ours and we have forms of monetary and non-monetary compensation as well. Overview of Compensation Philosophy A good compensation philosophy shows an employers’ commitment to how much it values its employees. It gives employees something to reference when talking about pay during any type of negotiations. Its purpose is to attract the best candidates and to motive and retain its current employees. In order to ensure that a company can attract, retain, and motivate its employees it compensation plan must contain the following components: base pay, incentive pay, and benefits. A good compensation...
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...our profits to reinvest into our employees. Until now our employee benefits have consisted of medical, dental and life insurance. We would like to add tuition reimbursement to make a more rounded benefits package. An excellent benefit is to add tuition reimbursement for the bachelor’s degrees in business and communication. The benefits of adding tuition reimbursement are endless within our company. This tuition reimbursement program is beneficial to both RJ Welch and its employees. This would offer new opportunities to our employees such as better careers, a higher earning potential and higher company moral. The company would benefit from this addition by being a more attractive company to work for and will increase employee retention. Tuition reimbursement would better employee careers by offering an education that they otherwise may not be able to obtain financially on their own without school loans. The cost of a degree at the end of 2011 will cost approximately $13,000 to $62,000 per student based on research done at (http://www.geteducated.com/online-college-ratings-and-rankings/best-buy-lists/best-buy-online-bachelor-business-managementand). With the cost of this schooling I don’t believe loans of this size are not profitable for enough for employee’s to obtain on their own. With this type of tuition assistance our employees will have enough reason to achieve this type of education. This added benefit will also offer higher earning potential to our employees. People that...
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...which they are day by day setting for their students. The questions of the final examinations should, therefore, be representatives of the types of educational objectives set in the different school subjects. The emphasis upon memory and some of the simpler types suggests a need for a modification in emphasis in most of the school subject. Frequently all questions are considered as belonging to one of two groups, “thought questions” or “memory questions”. Such a definite classification is not, however, always possible. The character of the mental process involved in answering depends upon the person replying as well as upon the form of the question asked. Those questions calling for definite facts are almost certain to be based upon memory; on the other hand, those requiring classification, evaluation, contrast, etc. are likely to demand thought on the part of most students. If, however, such classification or evaluations have been made in a previous class exercise some students may easily remember the answers and, in such a case, a thought question for one student becomes a memory question for another. (Monroe, 1923) Hence, the academic performance of a student mostly depend on his/her evaluation in exam. Students excel on either one of the two types or both. But oftentimes, examinees encounter problems in answering either one of the said types. Competitive/ Objectives exams are very much different than the board exams. As a result success in competitive exams requires a different...
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...Audience Analysis Paper Adrian Perez Business Communication Kelly Parker Audience Analysis Paper In any organization or business, different types of meeting will take place with the organization which will involve different situations. It is critical to prepare for a business meeting especially when it involves stakeholders, your managers, salespeople, and customers. The main key to a successful meeting regardless of what is being presented is communication. How will the message be received? What type of audience will be attending? Is the message effective? All these points are important when preparing for a business meeting. There are different characteristics of the audience to consider when preparing for a meeting. When getting ready for the meeting, identify what kind of audience will attend. There are five different types of audiences to consider. One of them is the gatekeeper, which can stop the message and will not be received by other audiences. The primary audience decides if message will be accepted. The secondary audience can maybe implement ideas after they have been approved. The auxiliary audience will not interact with the message. Last but not least, the watchdog audience has political, social, or economic power, which can base future actions on the message. All these types of audiences are going to influence the message coming across. There are two important tools to realize when dealing with business meetings, common sense...
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...Running head: Compensation Planning 1 Compensation Planning Jonathan Phifer BUS 434 Compensation & Benefits Management Instructor Justin Furlong July 8, 2013 Compensation Planning 2 Compensation Planning When HR is designing a strategic compensation plan for and organization there are several key factor to consider which should include criteria for strengthening performance, containing cost, limiting liability, and promoting fair pay for employees. To ensure long term success and organizations need a compensation package that links organization strategy to good performance and ties it to the labor market. It also must be within legal compliance of the law and provides a sound salary structure pay for the employees. With the collaborative between these components they must be designed in such a way that it will support the organization business strategy which will stand the test of time and allow the organization to be successful. In this paper I am going to identify these key components and while designing a compensation plan for Holland Enterprises to allow the organization to be successful in the market place. The global market over the last two decades has placed greater stress on organizations regarding their ability to be competitive and profitable...
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...Request: Development an installation of a benefits election system to support the tracking and reporting of employee (union and non-union) benefits. Background of Request: Memo to Graham Grove, 3/22/04 , on Health Insurance Benefits. This memo is located on the Huffman Trucking Intranet site under Human Resources - Communications tab. Expected Results/Impact when completed: Creation of a project plan in Microsoft Project that will be used to manage, track and report the progress of this software development to the management team. Facts About Huffman Trucking Huffman's primary customers include: • U.S. Government • Automotive parts suppliers to major manufacturers • Electronic consumer products • Raw materials (polymer) for manufacturers of plastic products • Any customer requiring special accommodations, such as wine, computers, munitions, etc. Huffman has facilities in: • Cleveland, OH • Los Angeles, CA • St. Louis, MO • Bayonne, NJ Huffman employs: • 925 drivers • 425 support personnel Huffman owns and operates: • 800 road tractors • 2,100 45' trailers • 260 "roll-on/roll-off" units SR-ht-001: Create a Benefits Election System Define Problem 5 days Analyze Situation 15 days Design Solution 10 days Implement Design 20 days Support Product 10 days Define Problem - Understand Organizational Context of Huffman Trucking HR Department - Understand the history of the problem with Benefits tracking System - Identify the team to...
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