Selling a dream house Business planSelling a dream house Business plan Click here for more on this paper……. Click here to have a similar […]
CONTROLLING BENEFITS COSTS: EMPLOYING CONTINGENT WORKERS, HRM OUTSOURCING – BASED COMPENSATION SYSTEMS
CONTROLLING BENEFITS COSTS: EMPLOYING CONTINGENT WORKERS, HRM OUTSOURCING – BASED COMPENSATION SYSTEMS; PACT OF COMPENSN CISIONS
Compensation and Strategy: Controlling Benefits Costs The ability to adequately control employee benefit costs today is often the difference between organizations that are successful and those that are not. This is even more complex with the recent Affordable Health Care Act. Discuss how health insurance benefits might impact the organization’s overall strategic goal-setting process. Discuss how a business can control its health insurance benefit costs while using the benefit package as a recruitment and retention tool. Give practical examples and bring in real-life business examples (including employer names from your readings/research). Bring in at least 5 library sources to help strengthen and support your response. Submit your paper by the Module due date. Paper length: 4-5 pages, not counting the cover and reference pages.
Employing the Contingent Worker: Is it Worth It? Hipple, S., & Stewart, J. (1996). Earnings and benefits of contingent and noncontingent workers. Monthly Labor Review, 119(10), 22-30. Retrieved June 2, 2013, from the TUI Library. In the article, “Earnings and Benefits of Contingent and Non-contingent Workers”, the premise of how a contingent worker, which has become a key foundation of US workforce, is compensated compared to regular workers. In this case assessment, compare and contrast the various aspects related to how contingent workers are compensated versus that of a regular worker. As you undertake this comparative analysis, address the following aspects: 1. Given the different levels of pay and total rewards, how may an organization create a sense of internal equity? 2. Specifically, how has the employment of contingent employees affected an organization’s business, its HRM responsibilities, its overall costs, as well as its organizational culture? 3. In your educated opinion, should the compensation of contingent workers be the same as regular, full-time employees doing the same work? Discuss. 4. How would you, as the CEO of the company, create a sense engagement with the infusion of regular employees and contingent workers? Bring in at least 2 library sources to help strengthen and support your response. Paper length: 4 pages, not counting the cover and reference pages. (I will attach these references) Beard, K. M., & Edwards, J. R. (1995). Employees at risk: Contingent work and the psychological experience of contingent workers. Journal of Organizational Behavior (1986-1998), 109-109. Retrieved June 2, 2013, from the TUI Library. Controlling benefits costs. (2011). The Controller's Report, (6), 5-7. Retrieved June 2, 2013, from the TUI Library. Controlling benefits costs, increasing productivity key employer concerns. (2010). IOMA's Report on Managing Benefits Plans, 10(8), 1-3. Retrieved June 2, 2013, from the TUI Library. Hipple, S., & Stewart, J. (1996). Earnings and benefits of contingent and noncontingent workers.Monthly Labor Review, 119(10), 22-30. Retrieved June 2, 2013, from the TUI Library. Lawrence, T. (2012). Integrating contingent workers. Baseline, (114), 13-13. Retrieved June 2, 2013, from the TUI Library. Sheehan, C., & Cooper, B. K. (2011). HRM outsourcing: The impact of organisational size and HRM strategic involvement. Personnel Review, 40(6), 742-760. Retrieved June 2, 2013, from the TUI Library.
CONTROLLING BENEFITS COSTS: EMPLOYING CONTINGENT WORKERS, HRM OUTSOURCING – BASED COMPENSATION SYSTEMS CONTROLLING BENEFITS COSTS: EMPLOYING CONTINGENT WORKERS, HRM OUTSOURCING – BASED COMPENSATION SYSTEMS; […]
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ANALYSIS OF THE SUCCESS FACTORS OF SHENG SIONG GROUP LIMITED
ANALYSIS OF THE SUCCESS FACTORS OF SHENG SIONG GROUP LIMITEDPaper instructions:
Organization of the study
Chapter 1 : Introduction
Cover the background of the company, the motivation of study and research
Chapter 2 Literature Review
Chapter 3 Research Methodology
Chapter 4:Findings, Data Presentation and Analysis
Chapter 5 Conclusion and Recommendations
ANALYSIS OF THE SUCCESS FACTORS OF SHENG SIONG GROUP LIMITED ANALYSIS OF THE SUCCESS FACTORS OF SHENG SIONG GROUP LIMITED Paper instructions:Organization of the […]
Identify key terms and planning tools related to strategic planning for the Mobile Communications division
Purpose of this assignment
Students will identify key strategic planning tools and apply them to a global corporation. They will be required to evaluate the effectiveness of these tools and to put them to practical use through an examination of the Sony Corporation, which has a broad portfolio of products and a trading presence in many international markets.
Case study for:
The Sony Corporation, in which students will:
1. Identify key terms and planning tools related to strategic planning for the Mobile Communications division (Task 1).
2. Recommend a medium and long term strategy for the Sony Corporation, based on one of the following options: market entry, substantive growth, limited growth or retrenchment (Task 2).
Scenario: You have been engaged by the Head of Marketing at Sony Mobile Communications to prepare a PowerPoint presentation about the current state of this important division within the Sony Corporation. Although the presentation is intended to be for the Head of Marketing to present to the main board, it is possible that you might be called upon to make the presentation in their place. The presentation should contain around 20 slides (± 10%). You have also been tasked with preparing a report about the future strategy of the Sony Corporation (2000 words ± 10%), for the main board.
Task 1 LO1 (LO1.1, LO1.2, LO1.3) and LO2 (LO2.1, LO2.2, LO2.3, LO2.4)
Case Study for Task 1
Sony Mobile Communications (SMC) is one the world’s leading providers of mobile multimedia devices including phones, accessories and PC cards. The main competitors of SMC are Apple, Nokia and Samsung.
SMC has a key presence in both developed and developing markets and is the world’s fourth-largest maker of handsets. Employing over 7,500 employees over 40 countries, the management team is led (at the time of writing) by Executive Vice-President, Kunimasa Suzuki.
Sales for the Sony Mobile Products and Communications division in 2012 were Yen 622.7m, with an operating income of Yen7.2m. In 2013 their sales were Yen 1,257.6m, with an operating loss of Yen 97.2m.NB: the sales figures for this division of the Sony Corporation include the following products: mobile phones, personal and mobile products (eg. Tablets), and personal computers.
The above is Sony Ericsson’s position in year 2013. Carry out research and analysis on Sony Mobile Communications (SMC) and produce a presentation which addresses the points below:
a) Using SMC as an example, assess how mission statements, company visions, objectives, goals and core competencies contribute to the strategic planning process of an organisation. (LO 1.1)
b) Analyse the factors that SMC need to consider when formulating their strategic plans. (LO1.2)
c) Evaluate the effectiveness of the techniques SMC could use when developing strategic business plans. (LO1.3)
d) Analyse the strategic positioning of the Sony Corporation by conducting an organisational audit (LO2.1)
e) Conduct an environmental audit on SMC. As a minimum requirement you must carry out a PESTLE analysis, Porter 5 Force analysis and an internal audit. (LO2.2)
f) Assess the role of key SMC stakeholder groups – notably, shareholders, staff and customers – when formulating a new strategy. (LO2.3)
g) Present your recommended strategy for SMC in your preferred PowerPoint format. (LO2.4)
To achieve M1, you will make effective judgements about the value to an organisation of mission statements, vision statements, publicly stated goals and core strategies. To achieve M2, you will have used, explained and then evaluated the key techniques available to organisations when they are preparing to implement their short, medium and long term strategies.
Task 2 LO3 (LO3.1, LO3.2) and LO4 (LO4.1, LO4.2, LO4.3)
Scenario: As a member of the Marketing Department, you have been given the task of preparing a report for the main board of the Sony Corporation. The report must be written in a professional manner and properly referenced. The report should comply with the word count of 2000 words (± 10%). You may use tables and diagrams to support your report and to illustrate the text. Word count excludes the index, headings, information contained in tables, references and bibliography.
Case Study for Task 2
Following the analysis you have carried out in Task 1, you are required to produce a report which addresses the following elements:
a) Analyse and evaluate four key options that the Sony Corporation could adopt when considering its future strategy. These options are:
1. Market entry
2. Substantive growth
3. Limited growth
4. Retrenchment (LO3.1)
b) Justify your selection (LO3.2)
c) Assess the roles and responsibilities of Sony staff (functions or individuals, as appropriate) who are directly involved in strategy implementation. (LO4.1)
d) Analyse the estimated resource requirements that Sony will need to identify and allocate if it is to implement the new strategy you have recommended. (LO4.2)
e) Evaluate the contribution of SMART objectives which Sony could employ to help it to achieve its overall strategic implementation. You may consider a number of approaches, including the balanced score card approach. (LO4.3)
To achieve M3 the work you present will be presented in suitable business formats and will use appropriate business terminology accurately, in line with the scenario described in the case study. To achieve D1 you must show that you have evaluated the strategies you have presented in your assignment, such that they are clearly identified in order of importance (as selected by you) in relation to the future success of the company in the case study. To achieve D2 you will have demonstrated an effective approach to independent research and study, and you will have presented your recommendations in an appropriate business format. To achieve D3 you will have drawn conclusions which identify the links between the planning and the implementation of a global strategy for the company cited in the case study. To achieve this you must show that convergent and lateral thinking has been applied to problems and that innovation and creative thought have been applied to your work.
Identify key terms and planning tools related to strategic planning for the Mobile Communications division Purpose of this assignment Students will identify key strategic […]