...Incentive Schemes Author(s): Stephen EnkeSource: The Review of Economics and Statistics, Vol. 42, No. 2 (May, 1960), pp. 175-181Published by: The MIT PressStable URL: http://www.jstor.org/stable/1926536 .Accessed: 16/12/2014 02:40Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at .http://www.jstor.org/page/info/about/policies/terms.jsp .JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range ofcontent in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new formsof scholarship. For more information about JSTOR, please contact support@jstor.org. .The MIT Press is collaborating with JSTOR to digitize, preserve and extend access to The Review ofEconomics and Statistics.http://www.jstor.org This content downloaded from 210.212.230.198 on Tue, 16 Dec 2014 02:40:01 AM All use subject to JSTOR Terms and Conditions THE GAINS TO INDIA FROM POPULATION CONTROL: SOME MONEY MEASURES AND INCENTIVE SCHEMES Stephen Enke RECENT surveys of population growth in RIndia and the slow progress of the Second Five Year Plan confirm the awful suspicion that India's extra consumer-goods output will be needed for extra population. Some Indians accordingly wonder if the central government should not now institute a program of incentive payments to families that limit births. This would be a logical evolution of schemes already ...
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...Michael Hill Jeweller Introduction Michael Hill Jeweller is a New Zealand established Jewellery business; retailing in Jewellery and watches was founded by Michael Hill in 1979 with his first store opening in Whangarei. Now the Michael Hill chain has more then 250 stores opened across Australia, New Zealand, Canada and the United States. This report will discuss the management theories in organisational behavior, communication, working in teams, leadership and human resource management within the organisation. Organisational Behavior Organizational behavior is the study of both group and individual performance and activity within an organization Douglas McGregor’s X and Y theory explains that managers should give more attention to the social needs of people at work. Theory X assumes people dislike work, lack ambition, are irresponsible and prefer to be led. Theory Y assumes people are willing to work and accept responsibility and are self directed and creative. Communications Michael Hill Jewellers use many different communication channels throughout their organization, the richness of communication channel diagram below; helps us understand how MHJ uses personal and impersonal ways to communicate various types of messages throughout there organisation. Postings, e-bulletins Postings, e-bulletins Face- to –face, Meetings Face- to –face, Meetings Email, Voice-mail Email, Voice-mail Low Richness * Impersonal * One- way * Fast ...
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...Annual Report and Annual Report and Financial Statements Financial Statements 2015 2015 “ think the store is I genuinely trying to improve performance and there is evidence of progress.” Ipswich “ hen I shop in Tesco W now there is an overall better feel.” “ lease keep the P prices low, the shelves well stocked and the tills manned with enough staff.” “ ontinue to work on customer C service – it makes a big difference.” Newton Abbot Aylesbury “ he store is of vital importance T to the local community, long may it continue to be so.” Maldon London In this report: Strategic report Chairman’s statement CEO introduction Three priorities Our business model Key performance indicators Financial review Environmental and social review Principal risks and uncertainties Corporate governance Financial statements Other information Page 2 3 5 8 10 12 18 22 26 72 146 FINANCIAL HEADLINES £69.7bn £1.4bn £961m £(6.4)bn 9.42p £(8.5)bn Group sales Group trading profit Underlying profit before tax Statutory profit/(loss) before tax Underlying diluted earnings per share Net debt (13/14: £70.9bn) (13/14: £3.3bn) (13/14: £3.1bn) (13/14: £2.3bn) (13/14: 32.05p) (13/14: £(6.6)bn) The champion for customers Our business was built with a simple mission: to be the champion for customers – to help everyone who shops with us enjoy a better quality of life...
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...Management Foundations Dr. Alberta Thrash, Instructor Strayer University December 14, 2014 Two methods an HR professional could use to determine incentive pay. Specify the principal manner in which the proposed methods take into consideration individual, group, and company performance. As an HR manager of a new retail company that is growing in revenue and profitability it is important to enhance the base compensation and benefits package offered to employee. Many companies are using employee incentive and reward schemes to help them motivate workers, increase productivity and recruit and retain valuable staff. Incentive schemes work by encouraging employees to associate excellence with reward. This is achieved when employees consistently see their colleagues being rewarded for delivering excellence in their field. Over time, it can lead to the development of a more positive workplace ideology which in turn can help to keep individual employees and teams of workers motivated (www.ovationincentives.com). Incentive pay is the forms of pay linked to any employee’s performance as an individual, group member or organization member (Noe, Hollenbeck, Gerhart, and Wright (2014) p. 371). The two methods often used to determine incentive pay are merit pay and profit sharing. Merit pay is system of linking pay increases to ratings on performance appraisals (Noe, Hollenbeck, Gerhart, and Wright (2014) p. 375). A healthy competitive spirit among employees can propel them to achieve...
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...Michael Hill Jeweler (MHJ) is a specialty retailer of jewelry in North America and Oceania. Michael Hill established its roots in Whangarei, New Zealand in 1979. To date, Michael Hill Jeweller operates a retail jewellery chain of 270 stores in Australia, New Zealand, Canada and the United States, with over 2,000 permanent employees. Michael Hill has been facing growth issues on expansion and strategic future planning; this is related to losses that occurred in difficult economic times resulting in a scale back of stores in the United States and New Zealand. This report will discuss Organisational Behaviour and apply relevant theories in Communication, Working in teams, Leadership, Motivation and Rewards, and Human Resource Management. Communication Communication is the process in which information is transmitted and understood between two or more people. The communication process consists of many variables, which include sender, receiver, noise and many more, as shown in Figure 1. Michael Hill Jeweller did have a communication setup by morning meetings with senior management and Friday meetings with Regional Managers by phone. MHJ communications included a monthly financial newsletter for store managers from the financial controller, and a more general newsletter, The Times, for all staff. A barrier here occurs when regional mangers are only subject to phone calls during meetings. This creates ambiguity/noise by the perceived message through the channel not being decoded...
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...An Assessment of Executive Compensation in Switzerland With Reference to Referendum in March 2013 on Executive Pay Adamu Yushau Usumanu adamuusumanu@gmail.com This Paper is Submitted in Partial Fulfillment of the requirement for Corporate Finance and Governance course SMC University School of Management Dr. Albert Widman January 29 , 2014 Abstract The citizens of Switzerland in March 2013, decided in a referendum that shareholders must determine Board Member, Chairmen and Executive pay. They also decided to restrict proxy voting and ban severance pay, bonuses, for the purchase and sale of companies. In addition, loans pensions, and remuneration in he form of stocks or profit sharing must be regulated by the bylaws of the company, and finally, individual board members, and chairmen be elected by shareholder every year and banned corporate proxy and the representation of shareholders by depository bank. Key Words: Corporate Governance, Executive Compensation, Referendum, Board Introduction The executive compensation (executive pay) is composed of the financial compensation and other non-financial awards received by an executive of a firm. It is a mixture of salary, bonuses, shares of and/or call option on the company stock, benefits, and perquisites, ideally configured to take into account government regulation, tax law, the desires of...
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...:1: QUESTION PAPER BOOKLET CODE : A Question Paper Booklet No. 327 Roll No. : Time allowed : 3 hours Total number of questions : 100 Maximum marks : 100 Total number of printed pages : 20 Instructions : 1. 2. Candidates should use blue/black ballpoint pen ONLY to fill-in all the required information in OMR Answer Sheet and this Question Paper Booklet. Answer Sheet cannot be taken out from the Examination Hall by the examinees and the same is required to be properly handed over to the Invigilator/Supervisory staff on duty and acknowledgement be obtained for doing so on the Admit Card before leaving the Examination Hall. Candidates are required to correctly fill-in the Question Paper Booklet Code and the Question Paper Booklet No. (as mentioned on the top of this booklet) in the OMR Answer Sheet, as the same will be taken as final for result computation. Institute shall not undertake any responsibility for making correction(s) at later stage. This Question Paper Booklet contains 100 questions. All questions are compulsory and carry ONE mark each. There will be no negative marking for wrong answers. Seal of this Question Paper Booklet MUST NOT be opened before the specified time of examination. Immediately on opening of Question Paper Booklet, candidates should ensure that it contains 100 questions in total and none of its page is missing/misprinted. In case of any discrepancy, the booklet shall be replaced at once. 3. 4. 5. 6. 7. Each question is followed...
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...DIVIDENDS & STOCK REPURCHASE - I Dr. Kulbir Singh ACF Term III 2013-14 IMT Nagpur • Shareholders love it. • Bondholders hate it. • Managers consider it obvious. • Financial economists find it puzzling. • What is it? • Dividends; what else?! INTRODUCTION Dividend has been defined u.s. Sec 2 (14A) of the Companies Act, 1956 Dividend payment by Indian Companies are regulated by Sec 205 of Companies Act, 1956 Dividend is distribution of divisible or distributable profits of a company among the holders of its shares. Paid by the company to its shareholders on the basis of number of shares held by them and the rights attached to the various class of shares. Dividend includes any interim dividend Dividend declared at any time between two AGM Paid in anticipation of profits of a period before accounts for that period have been prepared Can be paid if authorized by AoA Declared by Board of Directors in AGM Declaration of dividend is usually one of the items of the Agenda of every annual general meeting Approval of shareholders required in India and most of Europe and China, but not in some countries like the USA. INTRODUCTION Dividend is paid by a company to its shareholders on a particular date (book closure date) either out of profits or out of reserves. Dividends are paid after providing fro Depreciation (Sec 205(1) to the extent specified in Sec 350 of the Companies Act) and After transferring to the reserves (Sec 205(A)) of the company at least 10% of...
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...Introduction Theoretically, earnings management is a technique taken by manager in manipulating accounting transaction in order to achieve some specific objective. This is more likely to occur in few circumstances either the company unable to meet the investor expectation or sometimes also due to several motivation factors. Even though earnings management is often intentionally to misleading information, however it is consider as “allowable but unethical” as long as not lead to fraudulent activity. This concept is said to be unethical because it still against the objectivity and the originality of that standards even complying all the basic requirements. In this writing provide some discussion of literature review of the CEO changes and earnings management. Generally, according to big bath hypothesis, the CEO is trying to hide current higher earnings in order to secure their position in future drop earnings performance. In other hand, the contemporary CEO claim that he always does not have sufficient time especially on his first year tenure to show his capability, hence take opportunistically behavior by manipulate the account in achieving their target. Also, in few cases, CEO’s compensation also being some motivation factors. CEO big bath hypothesis Generally, the likelihood involuntary CEO turnover are positively related to a firm's earnings management. The relation surrounding CEO turnover also occurs either the current performance good or bad. Big Bath in accounting...
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...[Nom de la société] | [Adresse de la société] ------------------------------------------------- FINAL ASSIGNMENT Business ethics Should executives have to be offered bonuses to do their job well when other employees are expected to do their job well in the absence of bonuses? Should executives have to be offered bonuses to do their job well when other employees are expected to do their job well in the absence of bonuses? Introduction Nowadays, in many companies, executives receives more and more incentives like bonuses if they do their job well. In these same companies, it’s a rare fact that workers have bonuses. Equality between executives and other employees’ compensation is often not respected, most of workers find the bonus system very unfair. That bring us to the following question: should executives have to be offered bonuses to do their job well when other employees are expected to do their job well in the absence of bonuses? In this paper we will see that executives have to be offered bonuses to do their job well only if others workers are expected to do their job well with the same advantage of bonuses as reward. Through this paper, we will see that bonuses can leads workers to be jealous of executives, we also see that bonuses improve the company performance and finally we will see that bonuses make the workers more devoted to their company. Thesis statement Executives have to be offered bonuses to do their job well only if others workers are...
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...Chapter 1 INTRODUCTION 1.1: ORIGIN OF THE REPORT Being a BBA student of this university, we are all required to prepare a term paper for every course in each semester. For this course, our course instructor, Lecturer Ummya Salma had asked us to submit a term paper as per our will. After thoroughly analyzing all the topics, I have chosen the “Gainsharing Approaches” as my topic. 1.2: OBJECTIVE OF THE STUDY Gainsharing approaches are important elements of the incentive plan. The main objectives for this study include the following: 1. To analyze the impact of various gainsharing approaches 2. To explore the different types of gainsharing approaches 3. To explore the recommendations that can make the gainsharing approaches programs more effective 1.3: SCOPE OF THE STUDY The scope of the report outlines the various objectives of the report. The scope of this report is to understand how comprehensive gainsharing approaches have become and to understand the massive impact it has on employee performance. 1.4: METHODOLODY I have gathered the information from various sources. The major sources of information include the book on Human Resource Management by Keith Davis and William B.Werther also Human Resource Management by Gary Dessler. For further elaboration and clarification, I also took help for various websites. I have mainly used secondary sources of data which was collected through various books and websites. 1.5: LIMITATIONS OF THE STUDY Research...
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...SUPPLY/ SALES ACCOUNT BREAKDOWN NOTE: Detailed and proper breakdown is as stated on the excel sheet Product supplied as at December,2013 ------------ 10bottles of 75cl =90,000 Sold 2 bottles in cash. 1. Mr.LanreAlabi 2. Mrs.Adeleye Products supplied as at January 08, 2014 ---------30bottles of 75cl ===270,000 16bottles of 50cl == 120,000 Complementary 50clbottles for intended staff 3 1. Mr. Tony Okaka 2. Miss Bola Akinbola 3. Miss Anna Obinjoka Complementary 50clbottles for targeted distributors 1. Mrs. Helen Monu – CEO Lush beauty range of products. 2. Mr.MutiuOgidi – Director Living well organisation 3. Mr. Paul Ikwensi - 08033051931(as directed by chairman) Bottles sold 1. Mrs.Adeleye 1 50cl bottle Bottles distributed to major pharmaceutical dispensaries within Lagos, with focus on Ikeja and mainland/Surulere local government areas 1. Health plus -------- E-Centre Sabo yaba ======= 1/2 2. Unilag Pharmacy ----------- Elkanemi road Unilag ========== 1/2 3. BiolaAmilegbe -------------- Egbeda, Ikeja =========1/2 4. Akin --------- IjuIshaga ==========1/2 5. RogersMosalashiroad,Ojuelegba Lagos ======1/2 6. Atupapharmacy – cokerrdilupeju,lagos ======1/2 Bottles distributed outside Lagos to Ogun state 1. Mr.ShinaOworu – Abeokuta Medical pharmacy ==== 6bottles of 75cl 2. Mr. Franklin Anosike – Ijebu-ode ============= 6bottles of 75cl 40 75cl bottles supplied with 2 bottles sold in cash & 22...
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...ACCT310 Auditing Individual Assignment 1: The Peninsula Limited: Analysis of a Potential Audit Client Jimmy Chung is the president of the Peninsula Company, a retailer and distributor of consumer electronics based in Hong Kong. Although Lam & Company, the audit firm had previously audited Peninsula, Jimmy has recently become aware of the CPA firm of Zhou & Company from his friend. His interest in the firm was heightened when he discovered that Zhou & Company audited the primary bank with which he did business. During March of 2015, Jimmy contacted his banker who arranged for Jimmy to have lunch with one of the CPA firm’s partners. At that time, a wide-ranging conversation was held concerning Peninsula as well as Zhou & Company. Jimmy discussed the history of the consumer electronics company along with his hopes for the future. The partner, in turn, described many of the attributes possessed by his audit firm. Subsequently, Jimmy requested a formal appointment with Peter Zhou, the managing partner of Zhou & Company, in hopes of arriving at a final conclusion concerning Peninsula’s 2015 audit engagement. A June 1 meeting was held at the audit firm’s office and was attended by Jimmy, Peter, and Andrews, an audit manager with the CPA audit who would be assisting in the investigation of this prospective audit client. Both auditors were quite interested in learning as much as possible about the consumer electronics business. Although there are a...
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...Legal and Business Strategy for UBER licensing and operation issues in NCR By Abhishek Sonavane Ajeet Kumar Aditya Sharma Akshay Garg Alok Shankar Anjali Abstract This paper seeks to highlight the various aspects of the ongoing Uber case in India by tracing the development of the legal issues caused by the alleged sexual assault case that happened in NCR in December. Firstly, the paper gives a brief of Indian Taxi market, NCR region and Uber. Secondly, the paper sheds light on the incident that happened in NCR in December and the cases filed subsequently both in India and US. Thirdly, the paper describes the Uber’s response to the incident and its stance to the regulatory issues. In the fourth part we have discussed the amendment in various legal acts to bring Uber in the ambit of the law. The business strategy used by Uber is discussed in the fifth part. The paper finds its just conclusion in the sixth and the last part. 1. Introduction India is one of the fastest emerging economies in the world and the Taxi market is seeing phenomenal growth for the past 6-7 years. The Indian radio taxi market is estimated to be $9 billion and growing at 1720% annually1. The organized taxi market constitutes only 4-5% of the taxi market2 and many taxi companies are fighting for a share of this market with UBER being an important player. 1.1 UBER Uber, founded by Travis Kalanick and Garrett Camp in 2009, is an American international transportation network company headquartered...
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...International Journal of Retail & Distribution Management Building brand webs: Customer relationship management through the Tesco Clubcard loyalty scheme Jennifer Rowley Article information: To cite this document: Jennifer Rowley, (2005),"Building brand webs", International Journal of Retail & Distribution Management, Vol. 33 Iss 3 pp. 194 - 206 Permanent link to this document: http://dx.doi.org/10.1108/09590550510588361 Downloaded on: 15 September 2014, At: 19:08 (PT) References: this document contains references to 37 other documents. To copy this document: permissions@emeraldinsight.com The fulltext of this document has been downloaded 17452 times since 2006* Downloaded by UNIVERSITI MALAYSIA SABAH At 19:08 15 September 2014 (PT) Users who downloaded this article also downloaded: Jason J. Turner, Karen Wilson, (2006),"Grocery loyalty: Tesco Clubcard and its impact on loyalty", British Food Journal, Vol. 108 Iss 11 pp. 958-964 Mark D. Uncles, Grahame R. Dowling, Kathy Hammond, (2003),"Customer loyalty and customer loyalty programs", Journal of Consumer Marketing, Vol. 20 Iss 4 pp. 294-316 Jennifer Rowley, (2007),"Reconceptualising the strategic role of loyalty schemes", Journal of Consumer Marketing, Vol. 24 Iss 6 pp. 366-374 Access to this document was granted through an Emerald subscription provided by 313615 [] For Authors If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about...
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