Case Study 1 Fit Stop – Designing a Reward System Introduction Starting a business can be an exciting time for an entrepreneur but new market concepts and opportunities are useless without the strategies to operate the company to success. Day to day strategies are needed to achieve the organizations goals. The largest expense of any company is usually the compensation strategy. The face of the retail company is the service staff and their relation to the customer are paramount to success. Firms are in competition to find qualified, engaged employees. The pressure for an organization to get it right is the key to competitive success. Companies now look to creative compensation strategies to create a environment that employees want to …show more content…
The organization must attract and retain the individuals with the attributes necessary for the tasks required. The organization through its managerial system must then support and guide the desired task behaviors for each individual in the organization. The compensation system must comply with all laws in the jurisdiction it operates and be seen as equitable for members of the organization. The organization must achieve these compensation goals in a cost effective manner. Fit Stops key strategy of competing in the market place is exceed customer expectations by providing personalized training advice, consultation, and top customer service. Susan's initial thought of compensation is to match what her competitors are doing. By matching the compensation systems of organizations, she will be operating in the same pool of applicants as her competitors. Fit Stops challenge is to align its compensation system to its organizations strategy by firstly the ability to attract and retain and secondly to promote the desired employee behaviors'. Fit Stop needs to have fully engaged employees, to provide the personalized service that it provides to its customers. Their employees need to be highly motivated and knowledgeable with a strong concern for their customers. Employees must be flexible and innovative to developing solutions, and keeping up with the latest in fitness and training trends. As trends develop they must also
S.P. is admitted to the orthopedic ward. She has fallen at home and she has sustained an intracapsular fracture of the hip at the femoral neck. The following history is obtained from her: She is a 75-year-old widow with three children living nearby. Her father died of cancer at age 62; mother died of heart failure at age 79. Her height is 5’3 and weighs 118 pounds. She has a 50 pack year smoking history and denies alcohol use. She has severe Rheumatoid Arthritis (RA) and had an upper GI bleed in 1993 and had Coronary Artery Disease with CABG 9 months ago. Since that time, she has engaged in “very mild exercise at home.” Vital signs are 128/60, 98, 14, 99 degree farenheight (32.7 degrees C) SAO2 94%
In the case of the Fit Stop we will include a physiotherapist, a trainer with a kinesiology background, a manager, and customer service staff. We will design the sill blocks as follows:
The second choice for the alternative design for Dynacorp would be Functional / Product matrix of strategic design. Dynacorp manufactures a range of products in the field of global information systems and communications. Since it has the major functional structures defined such as engineering, manufacturing and marketing, it can be linked to the various products Dynacorp manufactures. This allows comparatively easier transformation from the existing structure.
1. Describe bone physiology and the bone remodeling cycle. Be sure to emphasize the two types of bone tissue and the roles of osteoblasts and osteoclasts.
The applicants are morally correct as long as their action promotes their long term interest. If their action produces or will produce for them a greater outcome of good, versus evil in the long hall than any other alternative, than that action is the right one to act on, and the individual should take that to be a moral act. An Assessment of Morality by Ethicsinbusiness.net
As a member of management Clive Jenkins is responsible for boosting employee morale to ensure that company goals are met
2. What types of symptoms did Jennifer, Cassandra, and James have in common? Which organ or tissue seems to
The main purpose or mission of the Greenhill Community Center was to provide human service programs for learning, growth, and enrichment throughout life within an intergenerational setting. The mission seems to fill the need in the demographical setting of the location. The center is located in one of the poorest cities on the East Coast. In the textbook it states a mission as being “the reason an organization exists, and it must be the starting point for its planning.” (Worth, p.172) The mission of the center is very sound, but in the process of hiring a new director, I think the mission focus was lost. I saw a couple of incidences of “mission creep“ in the reading. (Worth, p.173) One being the focus the trustees put on not
Explain to her (through her daughter as necessary) what you will be doing. You might want to explain that t takes extra time to listen to her heart & that just because you listen for a long time does not indicate there is a problem. Move your stethoscope in inch-long increments, in a Z pattern across the chest, from the base of the heart, across & down, then over to the apex. Although heart sounds are generally lower in pitch,
After reviewing the Wilson Brothers Case Scenario, as Director of Human Resources for the organization, what conclusions can you draw with respect to the status of the company’s compensation strategies that are currently in place? What would you do to begin to address this situation? (3 Marks)
Poor work life balance for gen. y – When gen. y can’t work due to their social life outside of work. The gen. y wanted more flexible working hours instead of wanting to only have to work full-time. Francoli gave them the solution to pick between two option which where 1) was to work longer hours four days a week and have the Friday off or 2) employees get to choose when they want to work put to only 8 hours a day.
Scott Starson, a brilliant physicist has been in and out of mental institutions due to his bipolar disorder. He was lastly admitted again after he made death threats to his roommates and was found not criminally responsible for that offense. His physicians suggested different sorts of treatment for his illness. Scott Starson refused to give consent to the treatment for reason that he had a scientific research to finish and he didn’t want the medications to slow him down. His physicians not finding him competent enough to critically make that kind of decision, brought the case
Each of the three managerial strategies has different implications for how the reward and compensations should be designed. In the case of the Fit Stop, it is a close choice between human relations and high-involvement. However, I believe that a High-involvement managerial strategy would be the best choice to implement. This strategy makes a major effort to create jobs that are both interesting and challenging and
A well-articulated compensation philosophy drives organizational success by aligning pay and other rewards with business strategy. It provides the foundation for plan design and administration and anchors current and future plans to the company's culture and values (Kaplan, 2006, p.32). Recognizing and rewarding achievement is the cornerstone of the company A’s compensation philosophy. The mission of the company is to attract, select, place and promote all individuals based on their qualifications. The company believes that performance-based compensation helps attract, develop and retain talented professionals. In addition to base pay which based upon local market conditions and targeted to be above market, the company provides the following types of potential compensation to reward performance:
Overview: Universal Luxury Group is an international group of companies principally engaged in the production and sale of luxury goods including Food and Beverages, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelry, and other business. Among them, this case is handling Perfumes and Cosmetics business group that accounts for EUR 2,231M, 19% of sales revenue.