Profit sharing Essay Example

Profit sharing Essay Example Profit sharing Essay Profit sharing Essay Whichever programme is taken most of the training will take place on the shop floor. The experience of working in more than one selling department is given, as well as in some behind-the-scenes functions such as finance and the supply chain. Practical training will be supplemented by formal training sessions. These may include personal coaching, help from subject experts, a specific training course and easy-to-use training resources. There are no prescribed time limits to complete the programme, but a target date will be made by the manager and staff trainer. Regular progress meetings will allow quality time to discuss achievements and any areas for development. Training in John Lewis is also quite good: giving different types of training for people and also no specific time is given for most of the program, making it more convenient for the employees as well as people who might want a career in John Lewis receives and also the people who are going to work for a short period of time or students applying for work experience or only working in their vacation gets a different type of training which is better since it saves time and money but on the other hand it also is a disadvantage since the people applying for a short time will have a different place and different people to teach them therefore this also wastes time and money. Motivation The Human resource department is also responsible for motivating the employees. Motivation is the desire of an individual to work and to get involved in activities. Money, and the way it is paid, can affect motivation to work. These are some of the most usual payment systems: Time rate or wages Paying by the number of hours worked. Piece rate Paying by the number of items (pieces) produced. Overtime Extra pay for work done over and above normal working hours. It is usually paid at a higher hourly rate, e. g. double time means twice the normal hourly rate. Shift payments Usually paid for working unsocial hours such as night work. Bonus payments A special single payment for achieving a target. Profit sharing A percentage of the companys profit is shared amongst the workers. A loyalty bonus can be used to persuade workers to stay with their employer for a long period of time. Employees may not want to work longer than their contracted hours but they can often be persuaded to do so by receiving a higher rate of pay. A perk is a payment in kind; instead of giving money the employer might provide: Cars, health insurance, free uniform, discounted products, and first class travel. Most people work to satisfy needs of one kind or another. Non-financial motivators are things other than money that motivate people to work. Abraham Maslow developed his hierarchy of needs based on research about what motivates people to work. He suggested that there were 5 levels of need that influence a persons behavior. 1. Basic needs A person starts at the bottom of the hierarchy and will initially seek to satisfy basic needs (e. g. food, shelter). 2. Safety needs Safety needs at work could include physical safety (e. g. protective clothing) as well as protection against unemployment, loss of income through sickness etc). 3. Social needs Social needs recognize that most people want to belong to a group. These would include the need for love and belonging (e. g. working with colleague who support you at work, teamwork, communication) 4. Self-esteem needs Esteem needs are about being given recognition for a job well done. They reflect the fact that many people seek the esteem and respect of others. A promotion at work might achieve this 5. Self-actualization Self-actualization is about how people think about themselves this is often measured by the extent of success and/or challenge at work People are only truly motivated by enabling them to reach for and satisfy the factors that Herzberg identified as real motivators, such as personal growth, development, etc. , which represent a far deeper level of meaning and fulfillment.

UC budget crisis Essay Example | Topics and Well Written Essays - 1250 words

UC budget crisis - Essay Example This essay will discuss the ways in which the media, and in turn the general public, have reacted to this higher education budget crisis and how it will effect the nations social structure as a whole. These media outlets will reveal just how detrimental the budget crisis is to the future of our democratic society and how it is effecting the overall free will and intelligence of those wishing to make a better life for themselves. As Edward Said describes, " Higher education may be one of the few institutions left that still fosters critical inquiry, public freedom, and common deliberation, simultaneously keeping alive the promise of democratic ethos and politics" (Giroux 670). This growing fear seems to be shared by citizens throughout California as the budget crisis continues to take away more of the programs, teachers, and financial aid that universities rely on to educate their students. In his article, "Saving Public High Ed," written for the Inside Higher Ed website Joseph Aoun writes, "Our nations system of public higher education is in crisis. Unprecedented funding cuts are affecting about 70 percent of American college students and their ability to attend public colleges and universities." With this radical amount of college students being affected, more and more are left with no other choice than to drop out, or postpone their education. Aoun goes on to say how the UC system is different from colleg es in the rest of the world, describing the American system as decentralized. He says that it allows for a diversity of approaches and a significant amount of innovation making it bountiful in educational richness not found anywhere else. The article goes on to stress that with budget cuts comes the loss of these differences that set our schools apart from the rest of the world and eventually what sets us apart as an overall country. One of the worst and most substantial of the UC budget cuts is the IOUs that were issued to the California students who rely on the funding they receive from the Cal Grant. The views expressed in Aoun' s article can also be seen in another Inside Higher Ed piece written in July 2009 at the height of the IOU fiasco. "IOU Student Aid" laments on the trials and unfair disadvantage this budget cut places on California students. The article states, "California's controller estimates that $159 million in Cal Grant payments normally made in July will be made with warrants instead." These warrants put both students and universities in an awkward position of limbo. Many first time college students come from families who are already nervous about being able to pay for college and knowing that they will not have the money upfront may be enough to deter many from attending college. The universities themselves, who are already trying to work with a tight cash flow, fear that a delay in receiving funds could be extremely difficult to handle. These articles are two of many that the Inside Higher Education website has produced. These pieces are written with an underlying panic and fear for the future and what these budget cuts could do to our government, economy and society. They are written hoping to inform the nation of the dangers of the UC budget cuts in the hope that awareness can help restore the UC system to what it once was. Unlike Inside Higher Education the internet blog archive UTO the Rescue houses links to dozens of internet blogs in the hopes of

Job description of ICTbusiness and systems analysts in organisations Thesis

Job description of ICTbusiness and systems analysts in organisations and different countries - Thesis Example . 36 2.10.1 Viruses, worms, and malwares †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 39 2.11 Range of business analyst’s role †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 41 2.11.1 Information systems planning †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 42 2.11.2 Software planning †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 44 2.11.3 Feasibility study †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 44 2.11.4 Risk management in software development †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 45 2.11.5 Designing IT in or ganisations †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 46 2.12 IT systems analysts †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 47 2.12.1 IT project manager †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 49 2.13 Business/systems analysts in different countries†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 51 2.13.1 IT User †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦. 51 2.13.2 S2P Analyst/ BA †¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦. 51 2.13.3 Systems Designer †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦52 2.13.4 IT Procurement Director †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.52 2.13.5 IT Procurement Administrator†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.52 2.13.6 Software Development Support Specialist†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦... 53 2.14 Chapter analysis †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 54 3 CHAPTER 3 METHODOLOGY †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 55 3.1 The Research... This paper illustrates that the information revolution has spawned numerous technologies geared towards automating the office. Information systems have created new paradigm shifts in organisational processes. The trend in organisations is to implement office information systems solutions such as groupware and enterprise applications, databases or shared repositories, intranets, workflow, imaging systems, and other customised applications. All these need a specialized skill possessed by business and systems analysts. Internal and external environments in organisations are becoming complicated. These processes and new applications have to be handled by an experienced and specialized workforce composed of analysts who must bewell versed in technology and the business functions. Business analysis encompasses assessments, studies, and analysis of the business functions applied with IT and software applications. Business analysis reconciles the traditional business functions and the techno logy or software so that without it the whole thing will crumble – for example, an organisation conducting outsourcing of human resource has to incorporate the traditional functions with the new personnel who will be handling human resource management. The organisational knowledge and functions have to be ‘transferred’ to the outsourcing company, and this process has to be handled by an analysis team (or an executive team) to analyse the business functions. This is how the business and IT analysts evolved.

Prevailing Legal Theory within the United States Today Research Paper

Prevailing Legal Theory within the United States Today - Research Paper Example These are examples of many different legal theories, but represent the prevailing views of United States Law. Introduction There is no single prevalent legal theory for the United States, however, this study considers that three common legal theories, Legal Realism, Natural Law and Feminist Theory together provide a strong description of the prevailing legal theory that is present in the United States today. Legal theory involves the use of contributions from a wide number of sources including the law itself, but also literature and discussions from a wide range of academic disciplines, including sociology, economics, philosophy and political science . Laws are established and enforced by ruling authority in the area. Within the United States, the Constitution is the document from which any new laws, amendments or statutes must be made and these must stand in agreement with the constitution. Alterations can be made to the constitution by the process of proposing amendments, which are then voted on by congress, and must meet with at least two-thirds approval from both houses of Congress in order to become part of the law. An amendment must then be ratified by three quarters of legislates of the states in order to become part of the constitution . ... Modern jurisprudence mainly focuses on the principles of the laws that are in practice, while legal theorists examine the problems that are present in legal systems and social institutions , including theories of Legal Realism, Natural Law and Feminist Theory which will be discussed in detail within the following sections. Legal Realism Legal Realism is a theory that takes into account that the law is a construct that was developed by humans, who in their very nature are imperfect, and thus as a consequence, the law is subject to misinterpretation, is often not clear, and contains imperfections and frailties. A part of this theory is the indeterminacy of law. This theory suggests that when legal cases and disputes are solved the law is not the only factor which is relevant. Instead, factors such as personal opinions of the judge or jury, the moods of those present and other factors that do not directly pertain to the law have a direct effect on the outcome . For example, a judge my g ive one individual a lenient sentence because they are in a good mood and sympathize with the individual, while giving a harsher sentence for the same crime to another individual at a different time, despite both being equal under the law. The theory of Legal Realism is interdisciplinary in nature, with many who are interested in this theory also having interest in anthropological and sociological approaches to the law. The theory also presents beliefs concerning legal instrumentation, which suggests the use of the law a tool in order to bring about equitability in society and for social uses. It is important that the study of law is linked to the outcomes of particular cases that go through the courts,

The Importance of Strategy Assignment Example | Topics and Well Written Essays - 750 words

The Importance of Strategy - Assignment Example Instead, he proposes that a good strategy is a simple and spontaneous act of thinking on best realistic ways to achieve what one wants, and acts on them swiftly. Roger explains that developing a good strategy is a rough-and-ready process, devoid of comfort. Roger’s assertion that a good strategy does not need a lot of time to develop has some strengths as well as weaknesses. This assertion holds significance in relation to the world environment today being dynamic and competitive. Some of those changes require quick solutions, and due to scarcity of time, managers should come up with the most realistic strategy at short notice. Survival in very competitive environments is usually determined by strategic agility, flexibility and mindfulness (Marianne, Constantine & Wendy, 2014). Concerning long-term plans, Roger’s assertion has a major weakness. Ample time is needed to properly develop the best strategies. It is tempting for firms to delay making strategic decisions until the critical uncertainties are resolved (Ram, 2014, p. 80). An explanation by Roger that strategizing is not a comfort zone is valid. In an environment where things keep changing; competitors plotting moves and counter moves, or organizational goals keep shifting, new strategies are needed from time to time to address those changes. It is preferable to measure performance more than once a year to evaluate the effect of particular actions towards achieving long-term goals (John, 2002). Strategic planning and business planning are two closely related issues; as a result, they are usually confused to mean the same. However, the two issues have fundamental differences as explained below. A business plan is established by a company for a specific product or service, while a strategic plan is established for the entire company. In comparison, a business plan can be carried out at

Methods, Problems and Issues in Maritime Policy Essay

Methods, Problems and Issues in Maritime Policy - Essay Example The liner cargo-carrying service sector, on the other hand, carries out its operations on regular scheduled services between ports which have been advertised. These advertised ports are known as the liner trades, and they operations are based on the principle of common carriage. In this sector, cargoes are transported for a number of shippers simultaneously, unlike in the bulk sector. It is worth noting that the liner cargo-carrying service sector is ordinarily subjected to a wide scope of regulatory constraints in matters of safety and commercial nature. In a majority of the countries, to be particular, some of the liner shipping practices do enjoy conditional exemptions from the anti-trust laws application. Resultantly, this ability to take part in co-operative practices has been contributory to the organisation and the shape of the sector (Starer & Mayerson 2009, p.1). The bulk cargo-carrying sector, on its part, covers a number of primary sub-divisions whose basis is the specific types of vessels while liquid cargoes are shipped in chemical tankers, crude oil tankers, liquefied gas tankers and refined petroleum product tankers, non-liquid cargoes are shipped in dry bulk carriers and other multipurpose carriers. Ordinarily, vessels operating in the bulk cargo-carrying sector hardly operate on services which have been scheduled. Nevertheless, these vessels operate on precise expeditions in fulfilment of either short- or long-term contracts, in which the entire cargo transported on a particular voyage is property of an individual owner (Hubner n.d., p.24). Furthermore, carriers may be operating a number of routes as per the local demand in certain ports and can be shipping different bulk cargoes. These are habitually known as a tramp shipping sector- which is a separate sector within the shipping industry. The impromptu open market mode of operation distinguishes

The Importance of Strategy Assignment Example | Topics and Well Written Essays - 750 words

The Importance of Strategy - Assignment Example Instead, he proposes that a good strategy is a simple and spontaneous act of thinking on best realistic ways to achieve what one wants, and acts on them swiftly. Roger explains that developing a good strategy is a rough-and-ready process, devoid of comfort. Roger’s assertion that a good strategy does not need a lot of time to develop has some strengths as well as weaknesses. This assertion holds significance in relation to the world environment today being dynamic and competitive. Some of those changes require quick solutions, and due to scarcity of time, managers should come up with the most realistic strategy at short notice. Survival in very competitive environments is usually determined by strategic agility, flexibility and mindfulness (Marianne, Constantine & Wendy, 2014). Concerning long-term plans, Roger’s assertion has a major weakness. Ample time is needed to properly develop the best strategies. It is tempting for firms to delay making strategic decisions until the critical uncertainties are resolved (Ram, 2014, p. 80). An explanation by Roger that strategizing is not a comfort zone is valid. In an environment where things keep changing; competitors plotting moves and counter moves, or organizational goals keep shifting, new strategies are needed from time to time to address those changes. It is preferable to measure performance more than once a year to evaluate the effect of particular actions towards achieving long-term goals (John, 2002). Strategic planning and business planning are two closely related issues; as a result, they are usually confused to mean the same. However, the two issues have fundamental differences as explained below. A business plan is established by a company for a specific product or service, while a strategic plan is established for the entire company. In comparison, a business plan can be carried out at