...Week 7 Written Assignment: Tuition Reimbursement Implementation Report XCOM/285 Essentials of Managerial Communication May 22, 2011 Robin Minard The following report was drafted to further explore expanding employee benefits within in the organization. We had a very profitable year and adding tuition reimbursement as an employee benefit for the employees working on their bachelor’s degree in business or communication can be a positive in more than one way. The organization is in the perfect position to proceed with the education reimbursement employee benefit due to the fact that the company has already approved a budget inclusive of this additional employee benefit costs. Expanding the employee benefits to include tuition reimbursement will increase the level professional opportunities ( improvement in self esteem), increase the career options, and improve earning potential, increase employee retention, all having a positive benefit on the organization. National statistics show during the last decade, more companies are offering a tuition reimbursement benefit and are spending more money helping employees get degrees. Universities and community colleges also have started offering more flexible classroom hours for working students and even offer some degrees through online courses ( Schultz, 2007). An opportunity to obtain a degree will improve the quality of life for our employees. This investment in them will allow them to be the best employees for our organization...
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...Tuition Reimbursement Implementation Report Ronald Ahrens XCOM/285 Essentials of Managerial Communication University of Phoenix The following report was helping us explore why we should expanding employee benefits with in this he company. We had a good year but without a good year it would benefit the company so adding tuition reimbursement as an employee benefit would be great. It would help the employees working on their degree in business or communication as they are working for us so this can be a positive in more than one way showing we care about their interest expand their career by going back to school. The company is in the perfect position to proceed with the education reimbursement employee benefit due to the fact that the company has already approved a budget inclusive of this additional employee benefit costs by paying 100 percent for a A 70 percent for a B and a 50 percent for a C. Expanding the benefits to include tuition reimbursement will increase the way we retain people because they will stay with a company that helps with their school I did when I went to college because the company paid for it so it help make the choice. Study show during the last decade, more companies are offering a tuition reimbursement benefit and are spending more money helping employees get degrees the last two company I have been at have done it. Universities and community colleges have started offering more flexible way to go to college for working students and even offer...
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...Describe the importance of employee benefits as a strategic component of fulfilling the goals of HRM. Though many benefits are not legally required, it is vital for companies to keep up with competition and retain employees. HRM, must act as the driving force behind in building willingness in employees, employee retention and by attracting potential candidates. Using benefits as a strategic component helps enhance the effectiveness, morale, productivity and achievement of goals. The internet helps enable employees to research companies before taking a job. Companies can lose employees to competition as a result of not providing desired benefits and may not look good for business in the long run. In addition to reducing turnover rate companies need to set a best industry safety record. HRM needs to understand what motivates the market of targeted employees. Most are not motivated by just a paycheck, but the perquisites like tuition reimbursement, child care and sponsored family events. (Wiley) Using benefits as a strategic component not only builds motivation, but also helps build stronger relationships between management and employees and the clients. Eventually clients will somehow pick up on these relationships in an event they would have a tour of the company, through word-of mouth and eventually, blogs on the internet. http://www2.enap.gov.br/mesa_redonda/downloads/daley_vasu.mpsa02_PPM.pdf 2. Explain how Genentech and Zappos are using employee benefits as a motivating...
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...Running head: Business Communication Trends Paper Business Communication Trends University of Phoenix COM/285 September 26, 2010 Business Communication Trends Communication is an important skill in which organizations depend on it. Locker and Kienzler (2008) mentioned that business use communication “to plan product and services; hire, train, and motivate employees; coordinate manufacturing and delivery; persuade customers to buy; and bill customers for the sale.” Business communication is important for the success of any business. Business and administrative communication are affected by certain trends. Those trends are: technology changes, focus on customers’ needs and quality, legal, ethical and compliance concerns, globalization and outsourcing, balancing family and work, career flexibility, and rapid change (Locker & Kienzler, 2008). Business Communication roles in day-to-day activities Communication in business is a priority on my daily activities at work. I work with trends and analysis to report the quality indicators that are measured on a monthly basis. Every time a measure does not meet the benchmarks, I have to communicate those changes to managers and employees. Managers need to know the trends to ensure employees are following the guidelines that will allow them to be more efficient. The information is given verbally and written. A corrective action plan (CAP) is written down explaining steps-by-steps procedure on the barriers and action plan...
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...Differentiating Between Markets Structures Tyrell Hall ECO/365 Publix Super Markets Incorporation is high end market place for shoppers with discriminating tastes and who are searching for only the highest quality meats, cheeses and diary, bakery products. In 1930 the start of Publix humble beginnings as a food store in Winter Haven, Florida. Publix has grown to one of country leading super markets in the southeast, with over 1,100 super markets in six states (“Publix”,n.d.). Publix employs more than 168,500 people. Publix is the largest employee owned grocery chain in the United States. This paper will highlight the importance of research to the marketing strategy and the direction in which Publix Super Markets Inc heads. Additionally this paper will cover competitive intelligence and analysis in order to explain the role it plays in the development of marketing strategies and tactics. Industry The industry that Publix operates in is the grocery industry, which would be an example of a monopolistic competition. Monopolistic competition occurs when there are many different firms competing for market share over similar products. There are generally low barriers to entry, which means it is easy for a small company to become a competitor in the market (David C. Colander, 2013). All of the companies in this system sell similar products and must make a strong effort towards product differentiation. Products and services are considered to have a high elasticity...
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...recruit top-notch employees, Lowe’s offers benefits that are sought after by many. Several options for health care benefits are allotted depending on co-pay amounts, which cover standard care, prescriptions, dental, and vision. Lowe’s total rewards package offers paid and unpaid time off from work to their employees as well as a basic sick pay leave. In both vacation and sick pay, employees, after 89 consecutive days of employment, will accrue six days per year. (Lowe’s Employee Benefits, n.d). Employees have access to stock purchase plans, and 401K plans while employed at Lowe’s. “Lowes matches the first 3% deferred at each pay period at 100%” (Lowe’s Employee Benefits”, n.d, n.p.). In addition to these somewhat standard offerings, Lowe’s offers quite a few other notable benefits: • Life Insurance – Several plans are available to the Lowe’s employees depending on their needs and how much they want to receive in the event of their death or the death of a family member. The plans available are; basic term, employee term, supplemental term, dependent term, personal accident and travel accident plans. • Disability Insurance – Short and long term disability programs are set forth at Lowe’s....
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...Compensation Strategies Table of Contents Executive Summary 3 Introduction 5 Research Findings 6 Health Benefits 6 Retirement Planning 7 Employee Rewards and Incentives 8 Recommendations 10 Conclusion 11 References 12 Executive Summary We need to re-evaluate our current employee package. Our compensation strategy needs an entire tune-up. We do not offer competitive benefits that will entice the type of employees we want working for our company on a long-term basis. A new, improved, and luring employee benefit package will help set us apart from our competition. Our current benefits policy includes: Paid vacation for salaried employees only after 1 full year of continuous service, paid sick days for salaried employees only after 1 full year of continuous service, medical and dental only to all employees after 6 months of continuous service, holiday dinner for corporate employees and their spouse/domestic partner. We can improve these areas and add some other options to our current employee package, Our current health benefits are through an HMO, which is the best option at this time. Perhaps in the future when we have become a 500+ employee company we can look at the other option, a PPO coverage with an additional option to include an HSA account. Our current HMO plan provides coverage with a small co-payment and a 20/80 % coverage with a $1000 annual deductible. The only way I can see right now to...
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...Structure Market structure in economics is the quantity of organizations manufacturing duplicate products, which are similar as well in price. In the market, the performances of single organizations are critically swayed by market structure. Market structure consists of a Monopoly, Oligopoly, Monopolistic Competition, and Perfect Competition structure. These structures affect how market equilibrium is recognized. Monopoly: A monopoly is a firm that has no opponents in its business. It decreases output to increase revenue and increase profits. An example of monopoly is the U.S. Postal Services. Oligopoly: An oligopoly is an business with only a small number of organizations that can decrease the amount produced and increase revenues in the same manner a monopoly does. An example of Oligopoly is AT&T and T-Mobile. Monopolistic competition is an industry that covers numerous competing firms, which has a similar but somewhat different product. An example of monopolistic competition is wholesale retailers. Perfect Competition: Perfect competition: Perfect competition occurs the minute several small firms compete against each other. An example of a perfect competition is agricultural farms. History of Costco The entire history of Costco began with Sol Price and his son, Robert, opening the first Price Club warehouse on July 12, 1976 on Morena Boulevard in San Diego, California, thus giving birth to a very new concept: a retail warehouse club. The Price family placed Price...
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...Student Full Name : Fikreselassie Betelie Geressu Student Number : R1405D135465 Course Code : MBA-608 Course Name : Business Economics Assignment : Assignment I Submission Date : 01-November-2014 Question 1: Since the recent Great Recession of 2007-2009, there has been increasing disillusionment with the free market system. Critically analyze the view that the free market system is the best and only realistic alternative for determining the allocation of resources in an economy. Solution 1: A general slowdown in economic activity, a downturn in the business cycle, a reduction in the amount of goods and services produced and sold—these are all characteristics of a recession. The recent Great Recession which officially lasted from December 2007 to June 2009 has many factors of which the main root problem is the bursting of a huge trillion dollars housing bubbles and loss of confidence by investors and the public in the strength of key financial institutions and markets. One example of this is the housing crisis morphed into a financial crisis since banks held mortgage backed securities and other assets. Irrespective of such seasonal situations, the market should be free for competition and regulate itself only based on the fair and free competition, which sets the best price for the goods and services a buyer pays for depending only on the market supply and demand. Free market system is the best and realistic, which can give the efficient and optimal resource...
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...Market Structures in Kudler Gerard A. Brady ECO/365 November 7, 2013 PH.D. Sol Dresher Market Structures in Kudler Currently, KFF has minimal competition and owns a substantial portion of its market share. From the 2010 and 2011 customer marketing surveys, strengths and weaknesses of KFF strongly identify with the consumers view. The 2010 market survey shows KFF’s strengths to be convenient store hours, appealing atmosphere/décor, attractive displays, merchandise satisfaction, and the overall satisfaction of the store. Each category listed as strengths from the 2010 survey shows that less than 20% of the customers shopping at KFF express dissatisfaction in these areas. This analysis leads to the weaknesses shown in 2010. The weaknesses would be any category that has a customer dissatisfaction rate above 20%. Listed from weakest to weak; good value, good selection, courteous, and knowledgeable staff categories show red flags. These four categories alone define Kathy Kudler’s mission for creating an upscale gourmet shopping experience. The areas KFF most wants to prevail are the areas given the most dissatisfaction by customers. Looking into the 2011 market survey, it shows that dissatisfaction is rising in other categories. KFF strengths in 2011 according to its consumers are, store hours and the atmosphere/décor. Of the nine categories, customers show satisfaction with only two of the nine survey categories. This is a significant decline from the five satisfied categories...
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...WPS05 Employee Engagement SIES College of Management Studies Working Paper Series The Working Paper Series would attempt to disseminate the findings of research in specific areas and also to facilitate discussions and sharing of perspectives and information about the identified areas. The papers carry the names of the authors and should be cited accordingly. The views, findings, and interpretations expressed in this paper are entirely those of the authors. They do not represent the views of SIESCOMS and its management. These working papers would be available online at www.siescoms.edu. No part of the paper can be reproduced in any form without the prior permission of the author. However, they can be quoted by citing the reference. 1 Working Paper 05/07 Employee Engagement Nitin Vazirani Dean in OB and HR SIES College of Management Studies Nerul nitin@siescoms.edu Abstract Employee engagement is the level of commitment and involvement an employee has towards their organization and its values. An engaged employee is aware of business context, and works with colleagues to improve performance within the job for the benefit of the organization. It is a positive attitude held by the employees towards the organization and its values. The paper focuses on how employee engagement is an antecedent of job involvement and what should company do to make the employees engaged. The paper also looks at the Gallup 12 point questionnaire, twelve-question survey that identifies...
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...Differentiating Between Market Structures The market structure is made up of competitive businesses. Some industries have a single company that dominates the entire industry while other industries have many smaller businesses competing in the same market. Each industry has its competition and that balance between the businesses can be unique. Dutch Brothers Coffee is part of the coffee company industry and is an example of monopolistic competition. “Monopolistically competitive markets exhibit the following characteristics: 1. Each firm makes independent decisions about price and output, based on its product, its market, and its costs of production. 2. Knowledge is widely spread between participants, but it is unlikely to be perfect. For example, diners can review all the menus available from restaurants in a town, before they make their choice. Once inside the restaurant, they can view the menu again, before ordering. However, they cannot fully appreciate the restaurant or the meal until after they have dined. 3. The entrepreneur has a more significant role than in firms that are perfectly competitive because of the increased risks associated with decision-making. 4. There is freedom to enter or leave the market, as there are no major barriers to entry or exit. 5. A central feature of monopolistic competition is that products are differentiated. There are four main types of differentiation: 1. Physical product differentiation, where firms use size...
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...structures and comparing them to the structure and needs of Kudler Fine Food. The first market structure to be examined is perfect competition. Perfect competition is a theoretical perfect market structure, one which all other market structures are compared to. Under this structure all firms sell an identical product, are price takers, have relatively small market shares, have products and prices that are known by the buyers, are free to enter and exit the industry. This market structure is characterized by large numbers of organizations. Street vendors are a prime example for perfect competition, with the price elasticity of demand of this industries being so closely effective by the demand. The next market structure is a monopoly or a situation where a single company or corporation owns all or nearly all of the market for a given product or service. This means there is virtually no competition in the marketplace. Entry into a monopolistic market is fairly difficult due to highly protective regulations often enforces by these type of companies. Since there is typically only one company in this structure, the company is free to charge whatever they please for their products due to the fact that there is no competition to keep them honest. Companies operating in this structure, such as Microsoft, have a possibility of long-run economic profit, unlike that of perfect competition. In a monopolistic competition structure, there are relatively few barriers to entry. All companies within...
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...American labor movement in the 1990s, < (1990’s?) (reference: William P. Quigley, ‘A Fair Day’s Pay for a Fair Day’s Work’: Time to Raise and Index the Minimum Wage, 27 ST. MARY’S L.J. 513, 544 n.141 (1996)) but for most Americans, “fair” compensation means so much more than salary. Employee benefits play a crucial role in the American labor market, and the benefits that an organization offers employees has an immense impact on its hiring ability, turnover rate, and employee satisfaction and productivity. The rise of the tech industry created a flood of new and unique benefits that companies used to attract the best talent to come to work, specifically in an explosively expanding market. As workers nation-wide hear about the exotic and enticing benefits that organizations, like so many of these tech giants offer, some companies are responding and diversifying the benefits they offer to maintain their relevance in an evolving global economy and social climate. When one thinks of unique benefits, they might imagine the free cafes and childcare facilities that companies like Google provide. Had they read about the entire town that Facebook created for its workforce, images of free bus rides, discount employee stores, and company provided housing might come to mind. Even with unique benefits like the ever-expanding offerings of company gyms and cafeterias, West Coast organizations, such as those ever-so talked about tech giants in Silicon Valley, can blanket one’s thoughts on where these...
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...traditional benefits package and its motivating effectiveness 14 4 The flexible approach to benefits provision in a gloomy economy 16 4.1 Effectiveness of the flexible benefits schemes in motivation 17 4.2 Factors affecting the motivating effectiveness of the flexible benefits schemes 18 4.3 Current issues influencing the adoption of the flexible benefits schemes 20 5 Conclusion 21 APPENDIX - Changes in the British WorkForce 22 REFERENCES 23 FURTHER READING 27 * EXECUTIVE SUMMARY In recent years, in the UK, both employees and employers have to bear negative impacts from the recession, especially employees with their financial difficulties and diverse needs. It is more important than ever for motivation. However, employee motivation is getting harder and harder in the face of economic crisis. In times of gloomy pay awards, employers are finding ways motivate their workers through benefits. Benefits than can address the financial concerns and the diverse needs of employees would work effectively as motivational factors. The traditional benefits package is likely to be ineffective during recession,...
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