...have a strong development team that is expertise in technologies like Object orientation, distributed databases and client server architectures. Adaption of using these Technologies helped them to improve overall worker’s compensation workstation that includes; a) Shorten time between date of injury and date of claim resolution and eliminate over-payments. b) Reduce unallocated expenses by automating filing of state forms and form letters. c) Establish a strong competitive position through fully-automated telephone reporting capabilities and medical bill review. d) Establish the best customer service in the business. e) Maintain consistent, quality level of execution. f) Improve financial controls. g) And provide information to customers that demonstrates the value of Travelers' Loss Payout education Services. Worker’s compensation from the Commercial Lines Department has the largest share of market by insuring 50% of the fortune 500. Management always believed that worker’s compensation market requires additional innovative applications of information technology to improve customer service. In house Information Technology Department...
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...Willie Bates Module 1 Case 1 ITM 524: Foundations of Information Technology Management Dr. Mina Richards January 21, 2014 Introduction A socio-technical paradigm combines the social and technical paradigms, and could be described as the study of the relationships between the social and technical parts of any system (Coakes, 2002). Researchers and some managers have acknowledged that technical and social factors interact to influence organizational outcomes. Significant changes in the workplace are the result of new and advanced technology. According to F. Land, there are two sometimes conflicting set of values that underlie socio-technical thinking (Land, 2000). The first is a belief in the importance of humanistic principles. The main task of the designer is to enhance the quality of working life and the job satisfaction of the employee. In turn the achievement of these objectives will enhance productivity and yield added value to the organization. The second set reflects managerial values. Socio-technical principles are merely instruments for achieving primarily economic objectives. Humanistic objectives have no value in themselves but if their achievement produces a better performance from employees leading to the fulfillment of the economic objectives well and good. This paper will illustrate how the first principle proves to shaping the final outcome in Painter’s Case Study. The critical elements to...
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...Explain your recommendations in terms of internal and external equity issues and why? 3. How can the company offer the right recruitment package to new hires without alienating the current work force, but attain the desired internal culture for today and tomorrow? When properly designed, compensation systems promote desirable employee behaviors, which are instrumental to the successful implementation of business strategies. In the Nutriments company case, the manager would have to improvise and prepare a complete pay structure that is formatted to the needs of each job description provided. The management also has to look into the demand of the specific position. As a result, good fit, or alignment, between an organizations business strategy and its compensation systems should lead to improved organizational effectiveness. To establish a complete compensation package, Nutriment’s HR management consultant, Jack Stewart, needs to start off with the strategic analysis. This would help show the organization’s strategic plan towards its vision and mission and allow the organization to set the path for its compensation strategy. Compensation systems in organizations in the high-technology industry are distinct from those in the other industries and the differences are related to the degree to which firms are research intensive. Being a technologically innovative company should increase the organization’s potential to develop a source of sustained competitive advantage (Arora, Fosfuri...
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...Formation Of A Legal Firm Name: Institutional Affiliation: Date: In the current century, it is evident that numerous changes have been observed in the law firm business. The traditional law firm practice model has as a result been passed by time and firms or any person attempting this model have always found themselves struggling in this dynamic market. The traditional law practice has also been marked by constant consternation as the law firm does not produce good results. The incorporation of the new law firm practice model is evidenced by the rising number of law firms over the years. This means that to start a firm in the 21st century, then you definitely have to use the business models applicable in the current century and not the ones that were used in the 19th century. With these, it follows that successful lawyers are those who have changed their modus operandi and embraced the latest legal practices, something that my friends and I would use to establish a successful law firm. The turning point in the establishment of the modern law practices came about as a result of the high court decision by the U.S Supreme Court (Bates & O'steen V. State Bar of Arizona, 1977) in (Munneke, 2012, p. 4). It is worthwhile noting that the success in the Law firm requires a proper identification of a legal niche to practice in. According to Munneke (2012), the competition that the law practice faces from other professionals necessitates the careful niche selection...
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...CHAPTER I INTRODUCTION 1. Background of Case Study Selection Differentiated strategy is the strategy pursued by the company to produce products that are different or unique compared to competitors' products. Researchers are interested in doing research on the company because researcher wanted to learn more about controls for differentiated strategies, both theoretical and practical. Minnesota Mining & Manufacturing Corporation (3M) is one of the companies that have successfully implemented differentiated product strategy that gives priority to innovation as a competitive advantage offered. This company believes that innovation to be the cornerstone of 3M’s future success. Current management has continued to embrace and expand these policies and philosophies. That is why researchers interested in evaluating policies and 3 M that philosophy is based on the innovation in the implementation of the strategy of differentiation 2. Motivation Motivation researchers conducted a study of control for differentiated strategies in Minnesota Mining & Manufacturing Corporation (3M) because the researchers wanted to know more about the factors that influenced the design of the system and also the policies and philosophy rooted in the innovations made by 3M Corporation. By studying and examining the existing policy and philosophy that is rooted in innovation from the company, researchers can get a clearer picture of how to do a proper evaluation and what steps...
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...com/shop/hrm-530-full-class-dqs-assignments-final-exam/ HRM 530 Week 1 DQs Technology and Strategic HRM (graded) This course focuses on the strategic value that technology brings to HRM and the business. Thanks to technology, HRM is now a strategic partner in companies. How specifically has technology created this strategic partnership? Share an example. What value has resulted from this strategic partnership? HRM Technology Trends (graded) From the lecture, you can see how far HRM has evolved. Conduct some research using your text, supplemental readings, and other academic sources. What are some of the current trends in HRM technology? Where do you see HRM technology headed? Provide specifics. HRM 530 Week 2 DQs HRM Strategic Partnership (graded) As shared in this week's lecture, HRM has moved from support to strategic partner. The examples shared included tracking employee work time, tracking leaves, and time tracking for payroll purposes. How has, and how can, HRISs impact this strategic partnership? Review an example from your employer or through research on how a business has used HRM technology to create a strategic focus. HRIS E-Engineering (graded) Business Process Re-Engineering (BPR) is a valuable tool to help organizations assess the probability of process change. Why might this be an important concept for HRM professionals introducing new technology? How might you apply the BPR process to an HR office that currently only has an employee...
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...Analytics: Driving Return on Human Capital Investment HR Analytics: Driving Return on Human Capital Investment The Business Need for Improved HR Analytics ................................. 3 Leading Practices for Improved Organizational Performance ............ 4 HR Analytics Contributes by Driving Insights to Action ...................... 5 Addressing Information Needs through Analytic Workflows ........... 5 About Oracle Business Intelligence Applications ............................... 7 The Foundation: OBIEE 11g .......................................................... 8 HR Analytics Subject Areas ........................................................... 9 A Case Story ................................................................................... 15 Benefits and ROI ............................................................................. 17 The Value of a Pre-Built Solution ................................................. 17 Business Value Adds Up ............................................................. 17 Maximizing Success – Next Steps ................................................... 19 Conclusion ...................................................................................... 20 The Business Need for Improved HR Analytics As worldwide economic and political conditions continue to concern business leaders, their attention turns to the various levers that can foster success in uncertain times. Employee salaries make up...
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...Business 719 MBA Business Case Study Individual Case Analysis Submitted by: Ujjal Baruah October 24, 2013 Answer 1: Globalization and introduction of information system technology had an effect on the organizational environmental factors in which Sonoco operated. Earlier, factors such as competition, customers, resources, technology and laws and regulations did not impact Sonoco’s business to the extent it did, in 1990s. It was more complacent and lost edge in technology and innovation. It failed to utilize information technology to its advantage. Sonoco experienced new organizational environmental changes such as integration of the markets, disappearing of geographical barriers and condensing of time to delivery. It now must adapt to new global marketplace in order to maintain a successful business. One can say that Sonoco was operating in an organizational environment which was gradually changing from static and simple (low uncertainty) to a more dynamic and complex (high uncertainty) organizational environment. It was a shift from ERA 1 to ERA 3 organizational design. Before Cindy Hardley joined the organization, Sonoco’s organizational structure resembled more of a multidivisional structure as division HR managers reported directly to the general managers of self contained divisions, and corporate HR was responsible for overseeing the activities of the managers heading each divisions. It was more of a decentralized siloed structured and processes and services...
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...Our case study discusses the rise and fall of one of the largest telecommunications corporations in the world, Nortel Networks Corporation. Nortel was one of the many early 21st century telecommunications companies that failed due to upper echelon management, a dysfunctional board of directors, inflated costs and earnings, and a smoke and mirrors illusion of stability. There were many avenues that could have been taken that would have prevented the demise and fall of the organization, but those roads were not traveled. Many argue that government intervention could have prevented the backlash and whitewater effect of Nortel’s bankruptcy, but due to corporate ties within the government and the Securities and Exchange Commission the many CEO’s continued to elude the government auditors and the stakeholders. From an ethical perspective, there were several factors that contributed to the rise and fall of Nortel. The initial CEO and founder of Nortel, John Roth, demonstrated altruistic behavior because he did want the company to profit, the investors to profit, as well as their primary stackholders. Nortel’s fall from grace came swiftly and on many fronts. Its market capitalization climbed to an all-time high of $398 billion in September 2000. Two years later, in August 2002, the amount had plunged to just $5 billion (Collins, 2011, pg. 536). In 2000, Nortel was Canada’s largest producing company and employed 93,000 people worldwide. Their research and development team was renowned...
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...your Master of Business Administration (MBA)? Looking at new employment numbers, there may be no time like the present. A recent analysis of career placement data for 2009 and 2010 by U.S. News revealed that 75.7 percent of 2010 MBA graduates were hired within three months of graduation, up from 70.8 percent in 2009. It's Time to Earn Your MBA. Find the Right Business School Now. Think an MBA might benefit you? Join us as we explore seven MBA specializations that could help you climb the corporate ladder. In addition to required core courses, most business schools allow you to concentrate on one of these key disciplines: * Business Administration Health Care Administration Is An MBA Right For You? * * Management * Human Resources (HR) * Marketing/Communications * Technology * Accounting Keep reading to see if one of these MBA specializations is right for you. #1 - Business Administration Business administration is the meat and potatoes of business school, or what most schools call the core curriculum. In this program, you would take courses like accounting, communications, economics, HR, marketing, and technology. You'll also likely work independently and in groups, pouring over case studies and giving presentations to your peers. Potential career paths: Mastering business administration can help you develop a broad-based background that could help prepare you to move into any number of avenues in today's multi-faceted business world. An administrative...
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...1-1-2003 Strategic Compensation: Does Business Strategy Influence Compensation in High-Technology Firms? Yoshio Yanadori Cornell University Janet H. Marler University at Albany - S.U.N.Y, marler@albany.edu Follow this and additional works at: http://digitalcommons.ilr.cornell.edu/cahrswp Part of the Human Resources Management Commons This Article is brought to you for free and open access by the Center for Advanced Human Resource Studies (CAHRS) at DigitalCommons@ILR. It has been accepted for inclusion in CAHRS Working Paper Series by an authorized administrator of DigitalCommons@ILR. For more information, please contact hlmdigital@cornell.edu. Strategic Compensation: Does Business Strategy Influence Compensation in High-Technology Firms? Abstract This study examined whether a firm's business strategy influences the firm's compensation systems in hightechnology firms. For the firm strategy variable, we used innovation strategy, which is one of the most critical business strategies in the high-technology industry. Our analysis showed that a firm's emphasis on innovation is positively related to the firm's employee pay level, both short-term pay and long-term pay. Moreover, a firm's emphasis on innovation has significant influence on several other aspects of employee compensation management. Innovation is positively associated with the difference in pay level between R&D employees and other employees, time orientation of employee compensation (the relative emphasis...
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...Business Related Expenses and its Use by High Level Management Jorge Ormaza Ohio University Company Overview XYZ is an advertising and media company which is well known for the quality of work it provides to its customers. XYZ started its business fifteen years ago and since then it has quintuple its size. Starting with only ten employees, XYZ got in the media and advertising business by offering subservices to big media corporations. A few years after, XYZ increased its labor force and started providing services to the clients directly. Its main core business is providing clients with planning and buying media tools and resources in order to improve and increase its footprint in the advertising world. XYZ offers a high quality end-product which has been reflected in increase in sales by large margins among its clientele. Nowadays, XYZ provides its services to more than two hundred companies world-wide. Its main clients are internet and technology companies or, as they are called internally, blue chips. The Case At the time when I was working for XYZ, employees were able to claim transportation expenses if they worked after 8pm. This policy was a great perk for many employees since XYZ was a company that was winning new clients on a monthly basis. Therefore, the workload was quite extensive for several departments. Since I was working in the Finance and Accounting department of the company, I was able to see all business-related expenses from all the employees at XYZ...
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...2000). The company has two business units which include Boeing Commercial Airplanes and Boeing Defense, Space & Security. There are also several support units which deal with the company’s capital corporations, engineering, operations and technology which help to develop, obtain, apply and guard innovative technologies and processes. The main companies business is handled by its employees, managers and corporate officers who are led by the chief executive officer and overseen by the board of directors. Companies’ practices and governance principles are then reviewed by the board’s governance and a nominating committee. Organizational structure at Boeing Communication at Boeing is a key factor in the success of the company and it also facilitates the organizational structure of the company. The company employs the matrix organizational structure where reporting relationships are set up as a grid rather than the traditional hierarchy and each department is headed by a senior Vice President. Organizational structure can be defined as the network of relationships that exists among various positions and position holders (Bhattacharyya, 2009). As employees, we had dual reporting relationships to the product managers and the functional managers. Through this type of organizational structure, different divisions run independently as a result of the company’s product diversity. Collaboration is essential for the success of the company since technology undergoes constant changes...
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...Compensation Management in corporates & components of compensation | By Regu Krishnan Dy. Manager Ford India | Introduction:- The increasing competitiveness of the labour market and turnover of employees had resulted in nightmare in compensation planning. Apart from this, the growing demands of the employees and competitive salaries offered by multinational companies had almost resulted in a compensation war in certain industries. Therefore, the human resources managers and tax experts have to evolve proper compensation planning for High end and qualified employees. The components of compensation have to be devised in such a way that, it focuses on the growing demands of employees while retaining the competitiveness and profitability of the company. Industry driven factors:- There are also certain driven factors that are influencing the compensation planning. The compensation Packages of knowledge workers are different from that of manufacturing sector. The employees working in call centers are compensated differently (vs) employees of technology driven companies.Some notable examples are., a) Compensation paid in IT/ITES, b) Investment banking/Equity research, c) Software companies, d) High-end industries having high technology content like Bio/Nano technology. e) Private research and related fields.Compensation Oval: | Components of compensation:- Basic wages/Salaries:- These refers to the cash component of the wage structure...
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...revamping its human capital structure. Nature of Change The 21th Century has ushered in several factors that have been the catalyst for a dynamically transforming environment. Scout Mortgage, a loan mortgage broker since 1999 (Hellriegel & Slocum, 2009) has experienced the bullish and the bearish economic environment. In a work environment, the typical factors of change are driven by technological advancements which enable global-market-reach or globalization. With the increase of information technology and global communications, the world is communitively smaller. Any situation that affects a local market can be transformed into a national or international issue. The domestic housing sector economic downturn along with other Wall Street unethical and irresponsible actions have not only lead to a national but international recession and market collapse. In the case of Scout Mortgage, the technological advances have changed the way the company’s Loan Officers conducts business. Technology has automated a lot of task that where the responsibility of the loan officer. This decrease of responsibility along with the derailed housing market has forced Scout’s leadership to make an unwelcomed change. Change Reaction Typically, employees react negatively to change. Because of human nature and the fear of the unknown, which chain brings, it’s only natural that there is opposition to change. The over whelming...
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