Understanding Business Research Terms and Concepts: Part 1 Essay

For quite a while there has been some discussion around which method of distinctions between Qualitative research and quantitative research. This has been fired in later years with some thinking that a combination of the two is best practice especially in social

Quantitative and qualitative research generates from two different perspectives, and it provide different types of crucial information from the research subject. Qualitative research corresponds more with comprehensive and thorough descriptions of events, whereas quantitative research creates statistical models to explain events. Several advantages and disadvantages in qualitative and quantitative research, depends upon the researcher's purpose and area of focus and information that will answer those research questions (Creswell, (2013).

Researchers are sometimes using Quantitative and Qualitative research methodologies interchangeably, or all three of the methodologies including the mixed approach, Creswell (2009). However, the most distinctive differences between the two is the application used, or the design, using words for qualitative analysis, and

Cooper, D., & Schindler, P. (2012). Business research methods (Twelfth ed.). New York, NY: McGraw-Hill Irwin.

It is common for researchers to compare qualitative and quantitative research methods. Quantitative methods originate from positivist and post- positivist research paradigms. Also, the methods objectively examine statistical data to determine cause and affect and often use generalizable data. There are various methods used in quantitative research such as surveys,

This conference is required and is used to discuss the possibility of settling the workers’ compensation case before going to trial.

Workers Compensation Claim is time-consuming and also involves working with the patient’s employer, and it may require a lot of time and follow-up, and most practices cannot afford losing time and money.

The aim of this paper is to examine the compensation challenges within Owens & Minor and create a compensation strategy that will benefit not only the company, but the employee.

When individuals are searching for employment, they may certainly be interested in the compensation of the position, but something equally important to some job seekers are the benefits and total compensation package that employers may offer. An employee facing separation from employment or one of the other qualifying events must consider that it is not just their salary that they are losing, it may be their health care benefits for themselves and their family. Lawmakers saw the need to establish an incentive for employers to provide continued health care coverage after certain events that led to a loss of health coverage. Thus, Title X of the Consolidated Omnibus Budget Reconciliation Act of 1985 (henceforth, COBRA) enables qualified

The reading course material required for this class, and the information reviewed throughout the course are the foundation for the content of this Guide. Each of the five key compensation processes will be reviewed in the context of:

The program is an excellent opportunity for beginner claims associates and representatives to learn about workers’ compensation claims handling procedures, bill review, licensing requirements, strategy, and claim file documentation and how to combine new knowledge practical experience in claim files. This training can also be used as a first step in understanding Workers Compensation claim handling. This is ideal for colleagues interested in career development, increasing job satisfaction and growing as an individual.

The four key issues that are discuss in this section that will shape the work of compensation and benefits professionals in the future are fallout from the “Great Depression”, rising wages in China, challenges in health care reform, and workforce demographic shifts (Martocchio.2013. p359). Of these four issues my top two are the fallout from the depression and challenges in health care reform. After researching the two, I have concluded that the issue and challenges in health care creates the greatest uncertainty for compensation professional. In 2010 The Patient Protection and Affordable Care Act (PPACA) was signed into law. The purpose of the law is to decrease the number of uninsured people in America. The enacted healthcare reform has influence

New Mexico Labor Department should have made extensive analysis that would evaluate the degree of impact that unemployment compensation information has on the operations of the entire company. This analysis should include both qualitative and quantitative measurements.

The success of companies in today's market place is a process that involves the way business practitioners manage its workers and the financial resources and structures. The management of employees, structures, and financial resources includes the development and establishment of effective compensation strategy. Actually, the lack of a sound compensation system has negative impacts on the company's ability to recruit and retain competent and best-qualified employees. Consequently, compensating workers represents an important practice of a company's human resource management (Martocchio, 2013). Wal-Mart is not only a cultural but also a business phenomenon that operates in a competitive environment that is very unique. The company has grown steadily since its inception to an extent that it has become the number one ranked firm on Fortune 500 for four consecutive years. The success of the company is attributed to sound business practices and strategies throughout the years. Currently, the firm has over 1.3 million employees in America, making it the largest employer in the United States. In addition to being the biggest corporation worldwide, Wal-Mart's ability to attract and retain qualified employees is based on its compensation strategy.

In today’s competitive workforce, compensation and benefit packages plays a crucial role on recruitment and retention for both the organization and the employee. Bumpbie finds itself in a situation where it could positively affect its employee’s morale, turnover rate and longevity; by making a strategic decision to implement compensation and benefit packages that will encourage current workers to stay and entice new applicants. Money is not always the inherent reason businesses experience high turnover rate, the constant shifting in the job market will always be a contributing factor as well as employee’s moral. Mayhew, R. (2016), explains that an “employee compensation plan” refers to all the components offered as well as the way in which they are paid, and the reason behind the employees getting the compensation case bonuses, salary increases and incentives. The fact that there are voluntary and mandatory benefits that organization provides to their employees give employees the freedom of choice, as well as the option to make the whether to stay with or leave an organization based on the benefits it provides. Variable Pay is also an option that some employers offer their employee which is performance based or results oriented. Whether it is profit sharing, merit based programs or incentive bonuses; it all comes down to which organization can provide employees with the compensation or benefits packages that best satisfy their needs.