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
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and are now also incorporating various benefit and incentive plans. Mathis & Jackson (2011) states that “more than 80% of organizations are now utilizing variable pay” (p.396). Also, a recent survey shows that 48% of executives see benefits as extremely important in the retention of employees and in impacting organizational performance (Mathis et al., 2011, p.428). The Plastec Company will need to re-evaluate its compensation strategy due to recent turnovers within the company. Anticipating company
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Vasella gave to Novartis employees around the world, he continually emphasized that talent identification, the use of systematic talent development, and strong pay-for-performance were central tasks and responsibilities for the company and every manager. With regard to his and the company’s philosophy on accountability and incentive pay-for-performance, Vasella noted: “The best time to form views about management is before you come to the top. You see how the real world works and how bureaucracy works,
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punishments for undesirable behavior to help steer employees toward intended performance goals. Reinforcement theory states that a response followed by a reward is more likely to recur in the future (Thorndike's Law of Effect). The implication for compensation management is that high employee performance followed by a monetary reward will make future high performance more likely. By the same token, high performance not followed by a reward will make it less likely in the future. The theory emphasizes
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under which of the HR domains (e.g. Organizational Design, Staffing, Performance Management an Appraisal) does each issue belong? Identify some strategies for dealing with these issues. There are four employees under Suzanne Roberts (Vice President of Accounting at Valley National Bank); Bob Phillips, Carla Goodman, Greg Williams, and Kathy Lewis. Some of the issues facing the vice president’s department are: Staffing, Performance Management, and Appraisal. Bob Phillips came to Valley National Bank
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organization’s budget and employ’s performance. 2.First the first aspect, we all know that organization’s pay level is based on the organization’s goal, market dara, legal requirements and principal fairness. (Noe, Hollenvech, Gerhart, Wright, 2011, p363). Because capital is limited, organization’s HR department often makes the upper limit. However they still want to abstract talent to perform best (work performance management), so there is a balance to keep on the pay level. 3.“Compensation satisfactory
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Motivational and sales performance reports On Glaxo Smith line India Limited Mumbai- India Contents Introduction 3 Company background 4 Literature Review 5 Intrinsic Rewards 5 Extrinsic rewards 6 Hygiene factors 7 Current issues, solution Proposal and conclusion 10 Stability 10 Hidden policies 10 Security 11 Politics in pay increment and promotion 11 Delay in reimbursements of incentive and awards 12 Unhealthy competition 12 Expectancy and valance of awards 13
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0012 Senior Government Managers and Officials Senior government managers and officials plan, organize, direct, control and evaluate, through middle managers, the major activities of municipal or regional governments or of provincial, territorial or federal departments, boards, agencies or commissions. They establish the direction to be taken by these organizations in accordance with legislation and policies made by elected representatives or legislative bodies. Example Titles assistant deputy
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Compensation * What is total rewards * How is it different than traditional compensation * Why compensation philosophies vary by organization * Entitlement vs. performance philosophies Intrinsic vs. extrinsic rewards- Intrinsic rewards may include praise for completing a project or meeting performance objectives. Other psychological and social forms of compensation also reflect intrinsic type of rewards. Extrinsic rewards are tangible and take both monetary and nonmonetary forms
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to maximize human capital so workers achieve organizational goals. HR helps build high-performance work practices. HR practices should lead to sustainable competitive advantage. 2 Components of Staffing Contribute to Retention 1. 2. 3. 4. 5. 6. 7. Awareness of legal aspects Strategic human resource planning Recruitment Selection Orientation, training, and development Performance evaluation Compensation 3 Legal Aspects of Staffing 1. 2. 3. 4. 5.
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