Compensation And Benefits Of Employees - 1446 Words

Compensation and Benefits When most people thing of compensation and diversity in the same category, they assume the discussion will be under the umbrella of discriminatory practices against women and minorities. However, compensation and benefits are tools at the disposal of human resources professionals for recruiting and retaining a diverse employee pool even in the absence of a formal diversity management programs. Like a properly executed training and development program, benefits packages can also be levied to attract and retain workers, as well as motivate them. Employees have multiple needs that vary based on age, family, cultural values, and stage of career, and human resources departments are tasked with finding solutions to accommodate this wide range of concerns, without anyone feeling as though they are being treated unfairly. While benefits like on-site daycare would work wonders to attract and retain parents of small children, offering such a pricey perk to that is only useful to a certain segm ent of the employee pool can be off-putting to other workers. Finding the balance between the needs of the company, needs of the employees, and the perception of fairness is critical. Where compensation and benefits become a critical tool for human resources is talent retention. Much has been discussed lately regarding the female brain drain, where women are leaving corporate America in droves. There are many things human resources can do to mitigate this that if openShow MoreRelatedCompensation And Benefits Of Employees921 Words   |  4 Pagesthat in order to retain the solid, highly productive workforce it currently has in place, it is important to enhance the base compensation and benefits package offered to the employees. The company currently offers a basic compensation program and only federally mandated benefits. Employee surveys suggest the compensation and benefits program may be out of date. Employees are beginning to consider leaving the organization. 1.Propose two (2) methods an HR professional could use to determine incentiveRead MoreEffects of Globalization: Compensation and Benefits for Employees677 Words   |  3 PagesCompensation and Benefits The process of globalization has numerous significant effects on countries, organizations, and individuals. These effects can be observed in the quality of products, in their prices, but also in their availability. Because of globalization, numerous companies prefer to expand their business on international level. Some of them outsource some of their processes and activities to cheaper destinations that allow them to reduce their investments. But globalization alsoRead MoreEmployee Compensation Programs Essay1416 Words   |  6 PagesBenefits have most definitely changed throughout the past years. According to Compensation, during 1880 people worked approximately 14 hours every single day except on Sundays and would only receive a raise if they stayed with the company for five years and if the company prospered during that time (Gerhart, 2011, p. 414). Over the next couple of years, employees began seeing work hours change from 60-64 hours per week to 54 hours by the year 1930. Eventually, employees were able to have holidaysRead MoreThe Implementation Of The Apple Company1657 Words   |  7 PagesThe Apple Company satisfies most of its employees using its comprehensive compensation plan that includes all workers irrespective of their positions. To start with, it is among the most profitable companies in the world and it focuses on the manufacturing and designing of software and electronics. Additionally, its most pop ular hardware devices are iPod, Mac Book, iMac, and iPhone, which make significant contributions to the company’s profits. The software devices that it manufactures are iTunesRead MoreConsiderations for Compensation and Benefits1442 Words   |  6 PagesConsiderations for Compensation and Benefits Abstract Compensation is one of the most important considerations perspective employees will make prior to accepting a job offer. For this reason, another performance of Human Resource (HR) professionals is the compensation analysis. The focus of the analyst in this position is to use strategy in formulating compensation and benefits packages that are attractive and conducive to maintaining talented employees (Editorial Board, 2011). As another criticalRead MoreLeveraging Labor Relations1366 Words   |  6 PagesCompensation and Benefits Leveraging Labor Relations Companies are interested in leveraging relationships with their employees in order to improve the quality of the health care they provide. Labor relations refer to managing situations between companies and their employees in different unions. This activity is usually attributed to human resources management. Therefore, this ensures that the objectives of the company are reflected by these relations. It is important that companies try to improveRead MoreThe Importance of Compesantions and Benefits781 Words   |  3 PagesCompensations and Benefits Compensation and benefits are vital in maintaining morale/satisfaction, encourage performance, and organization loyalty. Furthermore, it helps an organization to internal and external equity and reduce turnover. FedEx is an industry leader in US air freight and maintain high revenue growth while controlling market share. As stated in the case, FedEx was changing the traditional pension plan to a cash balance plan due to recent accounting rule changes and employees desiredRead MoreCompensation and Benefits Essay1427 Words   |  6 PagesCourse Project The Compensation and Benefits of the Dooly County School System [pic] Renee Bowens HRM430 Professor Eureka Hampton August 16, 2009 DeVry University Abstract This report will show what compensation and benefits are offered to the employees of Dooly County. It will also show how a sick leave bank would benefit the employees that have exhausted their sick and personal leave days in order to care for themselves or their families. I hope this paper will show readers thatRead MoreBenefits And Benefits Of Ford Motor Company1657 Words   |  7 Pageslocated in the United States of America. The company has employed thousands of employees across the world. Any successful company must provide its employees with a good compensation and benefits plan to remain competitive. As a result, this study focused on researching the types of compensation and benefits plans Ford Motor Company offered to its employees. The study found out that the company offers compensation and benefits plans such as base pay, variable pay, insurance (health, risk, and life), holidayRead MoreAssignment1202 Words   |  5 PagesCompensation Management in corporates amp; 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

Fate And Free Will Oedipus The King - 1136 Words

Clearly depicted, in Oedipus the King, is the Greek s popular belief that fate will control a man s life in spite of man s free will. Throughout the story, the concept of fate and free will plays an integral part in Oedipus destruction and ultimately the death of his family. Destined to marry his mother and murder his father, Oedipus was guided by fate. When Oedipus learns of his fate he immediately tries to prevent it, as did his mother and father. This prophecy, as warned by the Oracle of Apollo at Delphi, was absolute and would inevitably come to pass. As for free will, Oedipus actions, temper, impulsive nature and pride (hubris) as well as his poor judgment (hamartia) all contributed to his eventual downfall because he made those choices. Fate, in Oedipus the King, is understood to be what is going to happen or what the gods make happen. The gods have control of what happens in the story. Therefore, while it seems Oedipus has free will, his fate is determined by the gods which limits and compels Oedipus to make certain personal choices. The king and queen of Thebes had a son named Oedipus. Upon the arrival of their son the king, Laius, and the queen, Jocasta, went to see the Oracle at Delphi who foretold their fate. The Oracle told Laius and Jocasta that their son was going to kill his father and marry his mother. This, of course, struck fear into the rulers. Having seen the Oracle about another matter, Laius and Jocasta believed the Oracle, but they alsoShow MoreRelatedEssay on Oedipus the King: Oedipus Struggle with Fate and Free Will771 Words   |  4 PagesIn our world today, fate and free will remains the biggest mystery of all; is everything we do controlled or do we have the freedom of choice? In the story Oedipus the King by Sophocles, the author uses the idea of fate and free will to explain the struggle of Oedipuss life. Fate and free will is explained as; fate is controlled by an outside supernatural force, and there is no way of controlling it. Free will is when each of us is responsible and controls al l aspects of our own life. The authorRead MoreDestiny, Fate, Free Will and Free Choice in Oedipus the King - Role of Fate635 Words   |  3 PagesThe Role of Fate in Oedipus the King In Oedipus the King, one can easily see the tragedy that comes when Oedipus lives out fate, although not of his own intentions. Oedipus did everything in his own power in order to keep the prophecies from being fulfilled. One might even say that Oedipus ran from fate. Webster defines tragedy as a medieval narrative poem or tale typically describing the downfall of a great man. Oedipus the King is certainly a tragedy, and as Dr. Lucas states in his blogRead More Destiny, Fate, Free Will and Free Choice in Oedipus the King - Defining Fate1000 Words   |  4 PagesFate in Oedipus Rex      Ã‚  Ã‚   During ancient times, the Greeks believed very strongly in a concept called fate.   What is fate?   Fate can be defined as a cause beyond human control that determines events.   It can also be defined as the outcome or end of some sort.   In Oedipus Rex, King Oedipus is a character that lived by fate and died by fate.   This element of fate truly impacted the storyline and the plot, while allowing for some interesting developments that may have been unforeseen byRead More Destiny, Fate, Free Will and Free Choice in Oedipus the King - The Fate of Oedipus1239 Words   |  5 PagesThe Fate of Oedipus in Oedipus the King    In Oedipus the King there comes a point in the play where Oedipus learns something that plays an important role throughout the play.  Ã‚   He learns from a   oracle that he will eventually kill his own Father and sleep with his own mother.   As one could imagine this is a shock to Oedipus, and he does not believe the oracle.   However, he cannot prevent any of this from happening because it is his fate.   Oedipus is a victim of circumstancesRead More Destiny, Fate, Free Will and Free Choice in Oedipus the King - Driven by Fate1105 Words   |  5 PagesThe Role of Fate in Oedipus Rex Before we approach this complex question inductively, we are at first obliged to contemplate what definitions and assumptions are being made. This essay, perhaps more so than others, requires a more extensive look at this aspect of the question, because of the sheer variety of possible responses. However, I now have reduced them to three possibilities. Firstly, we could make the assumption that perhaps as destiny controls all fates, then Oedipus character wasRead More Destiny, Fate, Free Will and Free Choice in Oedipus the King3894 Words   |  16 PagesThe Concept of Fate in Oedipus Rex  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚        Ã‚  Ã‚  Ã‚   To the first-time reader of Sophocles’ tragedy, Oedipus Rex, it seems that the gods are in complete domination of mankind. This essay will seek to show that this is not the case because the presence of a tragic flaw within the protagonist is shown to be the cause of his downfall.    In the opening scene of the tragedy the priest of Zeus itemizes for the king what the gods have done to the inhabitants of Thebes:    A blight isRead MoreOedipus the King: Fate Vs Free Will Essay639 Words   |  3 Pages Oedipus the King, was written by Sophocles between C.A.496-406B.C. In this play, Oedipus is a great example of Sophocles’ belief that fate will control a man’s life no matter how much free will exists. Oedipus is a man of unflagging determination and perseverance, but one who must learn through the working out of a terrible prophecy that there are forces beyond any man’s conceptualization or control. Oedipus’ actions were determined before his birth, yet Oedipus’ actions are entirely determinedRead More Destiny, Fate, Free Will and Free Choice in Oedipus the King - Victim of Fate3445 Words   |  14 PagesThe Victim of Fate in Oedipus Rex The question has been raised as to whether Oedipus was a victim of fate or of his own actions.   This essay will show that Oedipus was a victim of fate, but he was no puppet because he freely and actively sought his doom, although he was warned many times of the inevitable repercussions of his actions. When first considering this topic, I speculated that maybe it was the destiny of Oedipus to suffer, but a friend asked me to explain why Oedipus, in the actRead MoreOedipus the King: Fate and Free Will Essay example2539 Words   |  11 Pages â€Å"‘Tragedy is an imitation, not of men, but of action and life, of happiness and misery’† (Milch 12). This statement by Aristotle reflects the ideas portrayed in the play Oedipus Rex. Written by Sophocles, Oedipus Rex is a play which combines tragedy with irony to tell a story of a noble king who falls short of his greatness. The play was written around 430 BC and originally intended for an Athenian audience. They considered Sophocles their most successful playwright and consequently, hisRead More Boundaries of Destiny, Fate, Free Will and Free Choice in Oedipus the King1282 Words   |  6 PagesBoundaries of Fate and Free Will in Oedipus the King    The ancient Greeks firmly believed that the universe was guided strictly by order and fate. In Oedipus the King, Sophocles has examined the relationship between free will and fate, suggesting that free will paradoxically exists inside the boundaries of fate. It may be concluded, however, that man has free will and is ultimately held responsible for his own actions.    Oedipus destruction was brought about by a combination of fate and free

Strategic Analysis of Burberry Plc Free Essays

Introduction Strategic development is concerned with the direction and scope of an organization over the long term, which involves the development and deployment of its resources and competencies, through which it achieves competitive advantage in a changing environment. All organizations, whether big or small and regardless of their field of business, are faced with the challenge of strategic development. The challenge can come up from a desire to grasp new opportunities or to overcome significant problems (Johnson, 2008). We will write a custom essay sample on Strategic Analysis of Burberry Plc or any similar topic only for you Order Now This essay deals with the strategic development of Burberry, a UK designer brand that was close to being consigned to history a few years ago, to becoming popular fashion brand in the world. Burberry currently ranks at 51st in FTSE 100 index with a market capitalization of over ?6.5bn (Stocks Challenge, 2012). The essay will analyze the company’s corporate and business level strategy using the market and resource based view – highlighting which one of these, should the company focus on in order to compete effectively within its current market. Background Burberry is an iconic British brand established since 1856 and has been in international business since 1910, having presence in US, Asia, and mainland Europe. In late 1990s, the company was tumbling due to lack of good strategic direction, and at the end of 1998’s financial year Burberry saw its annual profits reduced from ?62 million to ?25 million. The company desperately needed strategic redirection to regain its iconic status. The company restructured its business model in terms of product development, manufacturing, distribution, and market communications. By the end of year 2011, the company’s profit rose to ?295.7 million and ?1.5bn in revenues (The Telegraph, 2011). Overview of Burberry’s Corporate and Business Level Strategies Corporate level strategy deals with the mission and scope of an organization and determines how value can be added to a business (Johnson et al 2006). In the past decade, Burberry has reinvented itself from being a manufacturer of outerwear apparels into a luxurious, stylish and inspirational lifestyle brand. The company started offering trendy fashion goods along with its regular products. In addition to its strategic repositioning, Burberry underwent expansion through opening of new stores in the current markets as well as international expansion in Mid East, Asia Pacific, Americas, and South Asia (Moore and Birtwistle, 2004). Business level strategy focuses on competing in particular markets (Johnson et al 2006). At a business level, Burberry adopted the strategy of intensifying its non apparel product lines and accelerated its retail led growth. Burberry started to live-stream a fashion show through which it allowed customers to purchase products straight from the catwalk. A social networking site was introduced as part of the company’s marketing communication to deepen the relationship with customers and attract new ones (Design Council, 2012). Burberry’s Resources Burberry’s unique resources include its high brand equity, its popular trench coat product and its signature check design. Burberry, having a long history of establishment, has acquired great brand equity. The brand was commissioned to serve the soldiers in World War 1 to adapt officers’ coats for conditions of contemporary warfare in trenches. Burberry has twice received a Royal warrant; once by Queen Elizabeth II and once by Prince Charles, which means that the company can publicize that they are the supplier of products to the royal family (Instyle, 2012). These historic accomplishments have added great value to the brand. Burberry has a very popular trench coat product line which also serves as its unique resource. The origin of this product dates back to World War I when the company produced trench coats for soldiers. The trench coat accounts for 30% of all the company’s sale (The Telegraph, 2011). Burberry has set up a dedicated social networking site called ‘The art of Trench’ over which it shares images of people wearing Burberry trench coats. The website showcases images from professional photographers and is partly user generated. The website has a fan following of more than 7 million users (Design Counsil, 2012). The website is part of the company’s marketing communication campaign dedicated for its trench coat product line. In addition to that, the company has a signature check design which is recognized globally. Burberry has a huge base of loyal customers who love its products for its prevalent design aspects. Over the years, Burberry’s check design has bec ome prestigious, serving as an icon of status, class, tradition, and luxury. Market Positioning The characteristics of a market are assessed through various models such as analysis of Porter’s five forces of competitors’ analysis. Here, we view Burberry’s market positioning through its competitors analysis. Burberry’s products include ‘continuity products’ which have a product life cycle of a few years, and ‘fashion products’ which are designed to respond to a fashion trend. Therefore, the market positioning of the Burberry is unique and varies as it targets trendy as well as classic customers. Burberry targets all its customers through a common theme of ‘functional luxury’. Burberry’s main competitors include Coach, Armani, Gucci, and Polo, all of which are among top fashion brands in UK and globally. Coach and Gucci, both are more focused towards fashion accessories while Polo and Armani are more focused towards apparels; although all have a range of products in both apparel and accessory categories. Strategic Management The resource base view of strategy emphasizes upon a company’s internal capabilities in formulating strategies to achieve a sustainable competitive advantage in its market (Prahalad and Hamel, 1990). It also deals with the competitive environment faced by an organization, but from an inside-out approach which implies that the strategy’s starting point is the internal environment. On the other hand, the market-based view emphasizes upon strategy being based on the market positioning of a company (Rumelt, 1991). In order to sustain the company’s current success and maintain its competitive advantage, Burberry should focus on a resource based strategy. It implies that Burberry should continue its effort in maintaining its iconic luxury brand status and built upon its brand equity. The company has a history of more than 150 years of establishment, with having served the British soldiers in the World War I, and having received two Royal Warrants; all of which attach a strong sense of ‘Britishness’ with the brand. In addition to its brand equity, the company has a unique resource in terms of a specialized product line i.e. its iconic ‘trench coat’ with a unique complementary social media marketing communication platform. Additionally, the company has initiated a unique way of promoting its brand through fashion shows which serves not only as a marketing but a sales channel as well. Burberry should keep up its efforts for continuous innovation and promotion for its product. Furthermore, the company has a signature check design that symbolizes Burberry’s status of a classic and luxurious brand. The company should hold on to its signature check design, and apply it to its new product lines. Conclusion Burberry should deploy and develop these unique resources to compete effectively within its current market. Burberry should capitalize upon its high brand equity to develop and enhance new product lines such as home decor, children’s wear, cosmetics and perfumes, all of which are currently being offered by its competitors in its existing market. With Burberry having a foothold in both, apparels and accessories product categories, a further diversification of its products portfolio would put the company in a better position to grab a bigger market share against its competitors. Although Burberry’s expansion into current and new markets over the years has affected the company’s growth and profitability, the company’s success can be largely attributed to its unique resources and capabilities. These unique resources coupled with other managerial, production and distribution capabilities, have served as the company’s’ underlying success factors a nd should be continually utilized for its future strategic development. References Design Counsil (2012) Christopher Bailey: The Art of The Trench. {online} http://www.designcouncil.org.uk/about-design/Types-of-design/Fashion-and-textile-design/Burberry/ (cited on 22nd April, 2012) Instyle. (2012) Burberry {online} http://www.instyle.com/instyle/fashiondesigners/keymoments/0,,20226013_burberry_20236334,00.html (cited on 22nd April, 2012) Johnson, G. (2008) Exploring Corporate Strategy. Pearson Education India Johnson, G., Scholes, K. and Whittington, R. (2006). â€Å"The Environment†, Exploring Corporate Strategy, 7th edition. Prentice Hall: United Kingdom. Prahalad, K. and Hamel, G. (1990) The Core Competence of Organization. Harvard Business Review. 68(3), 79-91. Moore, C. and Birtwistle, G. (2004) Creating an international luxury fashion brand International Journal of Retail Distribution Management, 32 (8), pp. 412-422 Rumelt, R. P. (1991). How much does industry matterStrategic Management Journal, 12(3): 167-185. Stocks Challenge. (2012) UK StockChallenge {online} http://www.stockchallenge.co.uk/ (cited on 22nd April, 2012). The Telegraph (2011) Burberry profits jump 40pc on emerging markets demand. {online} http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8537307/Burberry-profits-jump-40pc-on-emerging-markets-demand.html (cited on 22nd April, 2012) How to cite Strategic Analysis of Burberry Plc, Essay examples