QUESTIONS: Who would most likely have intervened to terminate the senior team over issues of conduct? Give some examples of the kind of ethical misconduct that could have led to the termination of the entire senior leadership of ESIC. Was it a good idea to fire them all at the same time with no detailed explanation? How are the stakeholders of ESIC likely to react to this news? Explain.
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- Mini –Case Mysterious Terminations Multi Global Finance and Insurance Corporation (MGFIC) was, by all accounts, a model insurance company. Profits were strong and had been for several years in a row. The company carried the highest ratings in its industry and it had been recently voted one of the top 100 companies to work for in the Philippines in recognition of its “very employee-focused work environment”. MGFIC offers very generous benefits: free lunches in the cafeteria, on-site daycare facilities and even free Starbucks Coffee in the employee break rooms. In an industry that was still struggling with the massive claims after a succession of typhoons and floods in the Philippines, MGFIC was financially stable and positioned to become one of the major insurance companies in the country. So, why were the CEO, Juan Paredes; the CFO, Lydia Sanchez and the COO, Jose Aquino all fired on the same day with no explanation other than that the terminations were related to issues of conduct?…ESIC MYSTERIOUS TERMINATION Earnestwo Salvador Insurance Corporation (ESIC) was, by all accounts, a model insurance company. Profits were strong and had been for several years in a row. The company carried the highest ratings in its industry, and it had recently been voted one of the Top 100 companies to work in the Philippines in recognition of its “very employee-focused work environment”. ESIC offers very generous benefits: free lunches in the cafeterias, on-site daycare facilities, and even free Starbucks Coffee in the employee break rooms. In an industry that was still struggling with massive claims after a succession of typhoons and floods in the Philippines, ESIC was financially stable and positioned to become one of the major insurance companies in the country. So, why were the CEO, Caleb Briones, the CFO, Kristan Chua; and the COO, Vince Javier, all fired on the same day with no explanation other than that the terminations were related to issues of conduct? QUESTIONS:…Multi Global Finance and Insurance Corporation (MGFIC) was, by all accounts, a model insurance company, Profits were strong and had been for several years in a row. The company carried the highest ratings in its industry, and it had recently been voted one of the Top 100 companies to work for in the Philippines in recognition of its “very employee-focused work environment” MGFIC officers very generous benefits : free lunches in the cafeteria, on site daycare facilities, and even free Starbucks Coffee in the employee break rooms. In an industry that was still struggling with the massive claims after a succession of typhoons and floods in the Philippines, MGFIC was financially stable and positioned to become one of the major insurance companies in the country. So, why were the CEO, Juan Paderez, the CFO, Lydia Sanchez, and the COO, Jose Aquino, all fired on the same day with no explanation other than that the terminations were related to issues to conduct?
- Mexicana’s Compensation Strategy For many businesses in today’s belt-tightening economy, decisions on pay need to be strategic to ensure that employees are treated fairly and to ensure that businesses can remain viable. This requires knowing what your competitors pay their employees and knowing your own salary budget. But knowing what your competitors are paying can be both valuable and painful. As a primary stakeholder and former CEO of Mexicana (a fast growing chain of fresh Mexican restaurants) Bongani Ndlovu knew he was competing against some restaurant chains with competitive compensation systems. Mexicana is a fresh Mexican grill featuring Baja-inspired foods that are made from scratch daily. Following a trip to Cabo San Lucas on the Baja Coast in Mexico, Mexicana founders Bongani and Zandi Ndlovu were inspired with a vision to bring the freshly made Mexican cuisine with the vibrant lifestyle to South Africa. They started their first restaurant in 2008, and after just 13 years,…Philips in Victoria was experiencing severe state problems and falling productivity levels. Management was increasingly concerned over inadequate quality control, poor labour relations and an unsettled workforce with low morale. Compounding this, was an annual labour turnover of 120 percent, rising labour and capital charges and significant tariff reductions.Adopting the participative approach of its parent company in Holland, Philips management held protracted discussions with its workers and their unions. They jointly decided that a massive work-restructuring program should be implemented. Radical changes to work methods, the physical and social environments and the decision-making procedures in the factory were instituted.The old production lines were a major source dissatisfaction among the workers. Each operator placed a small number of electronic components in a television set which moved past on a conveyor belt. This made it boring, unchallenging, lonely and inordinately tedious…for a company launching an effort to improve productivity, why is employee satisfaction important? what consequences could result from neglecting this issue? what measure of fairness could Sport Chalets employees apply to the company’s plans for improving productivity? from the evidence given, would you say the company treated these employees ethically? Imagine that you are an HR manager for a company that plans to conduct time and motion studies to improve productivity. suggest how you might help the company launch the program in a way that treats employees ethically. what business advantages are associated with the concern for ethics?
- A compensation and reward system is mechanism by which manager gives fair and consistent treatment to employee discuss among yourselves and the following situation and answer the question would the new compensation and reward system be effective in boosting employee morale and productivity? why do you think so?How does AirAsia PRACTICE being employee-oriented? List relevant awards and recognition this firm has received in relation to employment practices, being a preferred employer, etc. Other topics, please include as deemed necessaryFACTS: Miss Joan Santos, a computer programmer in Mannadel Corporation for more than six (6) years now, was discussing her salary situation with Mr. Roderick Santiago, her manager. Miss Joan was unhappy because she did not receive any salary increase from ten to fifteen percent. Miss Joan’s performance has been considered very satisfactory for the last five (5) years and previous to this she got very substantial increases in salary due to the important programs that she made for the corporation related to accounting and personnel matters. She made a lot of improvements in the purchasing systems and systematized inventory records in materials management. The management had recently started a comprehensive job evaluation program and some positions are aligned within the salary grade approved by the management committee, where Mr. Roderick Santiago is also a member. Mr. Santiago explained to Joan that her salary was already way above the salary grade for the position evaluated and…
- FACTS: Miss Joan Santos, a computer programmer in Mannadel Corporation for more than six (6) years now, was discussing her salary situation with Mr. Roderick Santiago, her manager. Miss Joan was unhappy because she did not receive any salary increase from ten to fifteen percent. Miss Joan’s performance has been considered very satisfactory for the last five (5) years and previous to this she got very substantial increases in salary due to the important programs that she made for the corporation related to accounting and personnel matters. She made a lot of improvements in the purchasing systems and systematized inventory records in materials management. The management had recently started a comprehensive job evaluation program and some positions are aligned within the salary grade approved by the management committee, where Mr. Roderick Santiago is also a member. Mr. Santiago explained to Joan that her salary was already way above the salary grade for the position evaluated and…Read the passage and answer the question that follows. Precision Manufacturing produces machine parts and has nearly 200 production employees and 50 employees in its front office with responsibilities ranging from data entry to marketing. Jackson Smith is the new compensation manager at Precision, and his first task is to implement a merit pay program that would tie to the company’s performance appraisal process. For the last 10 years, all employees have received an annual pay increase, but it has been an across-the-board increase, with all employees receiving the same percentage increase in base pay. Jackson and the company president have agreed that implementing a merit pay program to provide pay increases based on performance would support the company’s competitive strategy by rewarding employee productivity. The first step in developing the merit pay program is to ensure that the performance appraisal process aligns with the proposed program. The purpose in implementing the merit…i )what are Fringe benefits and discuss how Fringe benefits helps in raising the morale and productivity of the employees ?