Compensation trends in the United States Essay Example for Free

Compensation trends in the United States Essay The current trend of globalization, technical revolution and competition, has had dynamic impact on the compensation trends worldwide, as well as within United States. The whole ladder of compensation from agriculture to Information technology has seen an upsurge in compensation. The economic conditions, the political support and the globalization have played an important role in setting the curve for this trend. There is greater awareness, increased skill, enhanced efficiency and wider range of choices. The human resource has become a more valued, competitive and specialized force affecting the future of economy and industry. They have the bargaining power, and capacity to mould the pattern of growth in every arena of service, research, education, health and industry. â€Å"The RAND Corporation, in a report prepared at the request of the U. S. Department of Labor, says three trends will shape the labor force and employment relationships in the coming years: a slowing in the growth rate of the workforce, an acceleration in technological advances, and continued globalization. † (RAND, 2004) â€Å"The Emerging Trends in Human Resources† looks into many trends which would affect the future compensation package for people in United States. He categorizes them in workplace trends which would affect the employers and employees with better technology, higher health insurance, outsourcing, aging and other factors. Demographic factors like growth, retirement and aging. The organizations will need to respond with more strategy to retain and recruit new employees as well as train and upscale them. The political emphasis on economy, growth and outsourcing will guide the future trend dramatically. The trends of the society will dictate the nature of the work force and the balance of the compensation. International trends like expansion of businesses globally, rise of Asian market and emerging off shoring giants like India, china, Philippines and others add more to the competitive edge. (Greene, 2006-2007) Most companies have turned to total rewards and pay-for-performance programs as a vehicle for maximizing return on investment and employee potential. Variable pay is now a major part of compensation design for nearly 80% of U. S. companies, according to our Salary Increase Survey. Having the best people is more important than ever, especially in a business environment focused on value creation. In fact, many experts believe that attracting, motivating, and retaining the best talent is one of the greatest obstacles to growth over the next decade. Smart companies are finding ways to get the most from their investment in compensation and rewards without sacrificing the ability to compete for talent. (Hewitt, 2007) According to the report, titled, The 21st Century at Work: Forces Shaping the Future Workforce and Workplace in the United States. (RAND,2004) These trends have important implications for vital aspects of the future workplace and workforce and for the U. S. economy. These trends will affect the size, makeup, and skills of the labor force, the kinds of work and its settings, and worker compensation. Understanding these trends will help workers, employers, educators and policymakers make informed decisions that reflect changing realities. (RAND,2004) There is tremendous promise in the rise of competitive compensation package in most fields with better opportunities for growth in Unites States. The demand for skilled human resource will pave the way for next decade in business, healthcare, services, engineering, IT, and many other fields. This is the period of strategic planning, wide range compensation and timely rewards. Work Cited (2-23-2004). RAND Report Predicts Trends in Labor Force. Retrieved February 23, 2007, from BLR Compensation BLR. com Web site: compensation. blr.com/display. cfm/id/153659 Greene, Keith J. (2006-2007). HR SPHR. Retrieved February 23, 2007, from SHRM Web site: www. fmi. org/humanresources/Emerging_Trends_Presentation. pdf Rothberg, Deborah (29-AUG-2006). Study: Skills Shortage Boosts Salaries. Retrieved February 23, 2007, from e WEEK Careers Web site: www. careers. eweek. com/article/Study+Skills+Shortage+Boosts+Salaries/18739 _1. aspx (2007 ). Compensation Rewards. Retrieved February 23, 2007, from Hewitt Web site: www. hewittassociates. com/Intl/NA/en US/OurServices/ServiceHRC. aspx? cid=2402

Biography of Alexander Hamilton Essay -- Hamilton Founding Father Bio

Biography of Alexander Hamilton Summary Alexander Hamilton was most likely born on January 11, 1757, although the exact year of his birth is unknown. Hamilton was born on the Caribbean island of Nevis or St. Kitts to Rachel Fawcett and James Hamilton, but he spent the majority of his youth on the island of St. Croix. His formal education as a child was minimal. When his mother died in 1768, Hamilton took his first job as a clerk in the offices of merchant Nicholas Cruger, keeping Cruger's business records, and coordinating business efforts between the merchant ship captains, government officials, and planters. Cruger and a local Presbyterian minister, Reverend Hugh Knox, recognized Hamilton's genius and persuaded him to leave St. Croix for New York City. Alexander left the island in 1772, never to return again. In New York, Hamilton attended several preparatory academies and schools to prepare himself for college. He interviewed with John Witherspoon of the College of New Jersey, which is now known as Princeton, but eventually enrolled in King's College, which is now known as Columbia. In 1776, Hamilton withdrew from King's College and joined a local New York militia to fight in the American Revolution against the British. During his first year of service, Hamilton served as an artill... ...entirely out of the political world after his resignation, but his involvement in politics after the late 1790s did his cause more harm than good. In the election of 1800, for example, Hamilton inadvertently split the Federalist Party to allow his rival, Thomas Jefferson, to become President of the United States. In 1804, Hamilton wrote a series of essays against another rival, Aaron Burr that was partly responsible for Burr's loss in that year's New York gubernatorial race. Burr blamed Hamilton for his loss and challenged Hamilton to a duel in which he shot Hamilton. Hamilton died the next day on July 11, 1804, at the age of forty-seven.

Black & Decker Case

1)Why is Makita outselling Black & Decker 8 to 1 in an account which gives them equal shelf space? †¢Trade is asking for advertising allowances and rebate money on products, profitability in the Tradesmen segment is near zero. †¢The B&D brand in the Tradesmen segment may be regarded as â€Å"weak† due to the fact that B&D dominated the consumer segment. †¢The â€Å"heavy do-it-yourselfers† may have a misconception on the quality/reliability/durability of B&D professional line. These individuals make a living from using these tools and simply cannot risk the aforementioned features. )Why are Black & Decker's shares of the two professional segments — Industrial and Tradesmen — so different? Wouldn't you expect them to be similar? †¢Tradesmen segment is growing faster than the industrial segment. B&D did not initially capture or dominate the tradesmen segment, hence the share differential. †¢Decision influencers in the industrial segm ent viewed B&D as a high-quality brand. Similarly, the consumer segment regarded B&D as a strong brand which helped B&D attain the #1 position in the marketplace. This did not spill over to the tradesmen segment, which needs more differentiation. Strong influencers in outlets such as â€Å"Home Depot† educate the consumer to â€Å"stay away from B&D†. 3)What, if anything, do you learn from Black & Decker's consumer research? †¢B&D uses very similar branding strategies for their tradesmen and consumer segments. †¢Brand perception is the main issue with B&D strategy for capturing a larger market share. †¢Durability/Quality issues are not substantiated. Blind tests of B&D products in the tradesmen segment reveal that B&D products are comparable to other major competitors’ products. In some instances, B&D products are elected as leaders in their product categories. )Joe Galli's objective is â€Å"to develop and gain corporate support for a viable pro gram to challenge Makita for leadership† in the Tradesmen category (p. 1). To gain support, the minimal share objective would have to be â€Å"nearly 20% within three years, with major share ‘take away' from Makita. † How realistic is this? †¢This is realistic due to the fact that there are a number of negative perceptions of Makita’s products including â€Å"arrogant & dictatorial†. The problem is that no single brand dominates all the product categories in the tradesmen segment.This means that product selection may be circumstantial and mostly influenced by tradesmen in-store influencers etc. †¢Currently, B has ~9% market share, meaning that it would have to take ~11% market share from Makita who has ~50% market share. Makita has the most to lose in this industry segment. †¢Since, B is financial strong and is not making much money in the tradesmen segment, the financial risk would be limited. 5)If you think Galli should pursue a â₠¬Å"build share† strategy, what actions do you recommend? Does the DeWalt idea have any merit?How about the subbranding option? †¢Gallie should pursue a â€Å"build share† strategy but only under a different brand. Choosing a different brand name such as DeWalt that already has positive resonance in the tradesmen segment would not only disassociate the current perception of B within that segment, but could help reduce B risk of â€Å"embarrassment† in the other two segments in case the DeWalt brand fails. †¢The sub branding option still carries the B brand with it. At this point in time the tradesmen segment is not a new & emerging market, but a well developed growing market.Sub-branding at best could help drive some product categories, but not the overall brand as a whole. †¢The yellow color choice would help the DeWalt brand truly stick out from the competition. Currently, the most exotic color in the tradesmen segment is teal – Makita†™s color. The yellow color choice would less likely backfire since yellow is a familiar job site color associated with safety. 6)Be specific about what you would do and remember you have at least three audiences to please: the consumer (the Tradesman), the retailer, as well as Nolan Archibald and Gary DiCamillo. Consumer oIntroduce DeWalt brand with yellow coloring oOffer rebates and incentives †¢Retailer oIntroduce DeWalt with limited supply to generate â€Å"pull† oPromote demonstrations of products that demonstrate superiority oMaintain existing B line as a benchmark for DeWalt’s success oSlowly phase out B and replace with DeWalt oOffer volume discounts to large retailers such as Lowes and Home Depot, since this channel is the fastest growing one †¢Bosses oPresent above and maintain sub-branding exit strategy

Florence Nightingale s Play Breaking Social Norms

Genre Analysis During the Victorian time period roles regarding gender, education, the work force, and politics were all set and rarely had any changes made to these predisposed ideologies. By conducting an analysis of the time period using a variety of genres, it became apparent that Florence Nightingale’s role in breaking social norms was a starting point for the revolution of women. It is also evident that her actions are still influential in today’s society. Using two different sources, I compared both themes and techniques used to portray the purpose of the article and video. The first genre typography, is used to present the role that women during the Victorian time period, ranging from education to prostitution. While the video’s iconography genre’s purpose was to educate about Florence Nightingale’s role and what she accomplished in her lifetime. By using several types of genres I compared the roles of Victorian women to Florence Nightingale and her counter actions of the time period, and the impact made then and its relevance today. Structure and Delivery The structure for the typography, which was an article is written in paragraph form, structured by each topic being separated in bolded lettering and ranging in a large variety of topics. The iconography genre, which was a video is short only providing vital information needed to know about Florence Nightingale and her impact on breaking social norm. The information for the article is shaped in this way, toShow MoreRelatedethical decision making16006 Words   |  65 Pagesbioethics, and how is it important to the community nurse? 2. What is the ethics of virtue, and what part do virtues play in the practice of nursing? 3. What is meant by principle-based ethics? 4. How does Kant’s deontological approach differ from Mill’s utilitarian approach? 5. What role does each of the four major ethical concepts— beneï ¬ cence, nonmaleï ¬ cence, autonomy, and justice—play in community nursing practice? 6. How can health care resources be distributed in a fair manner? 7. How doesRead MoreHistory of Social Work18530 Words   |  75 PagesInstitute of Social Sciences Compiled by S.Rengasamy-History of Social Welfare / Social Work Contents History of Social Welfare/ Social Work ..........................................................................................................................3 The need to understand history of social work .............................................................................................................3 Framework to understand History of Social Welfare / Social Work .....Read MoreManagement Course: Mba−10 General Management215330 Words   |  862 Pagesworld? How can companies renew and sustain those factors in the face of the business slowdowns and major fluctuations that challenge the longterm continuation of profitable earnings? As we continue to experience the twenty-first century’s economic, social, and political churning, how will these driving factors be influenced by the brutally competitive global economy in which organizations do not have any particular geographic identity or travel under any particular national passport? What will be the