Employee benefits 1.) Pogi Company has established a defined benefit pension plan for its employees. Annual payments under the pension plan are equal to 3% of an employee’s highest lifetime salary multiplied by the number of years with the entity. An employee’s salary in 2011 was P500‚000. The employee is expected to retire in 10 years‚ and the salary increase are expected to average 4% per year during the period. On December 31‚ 2011‚ the employee has worked for 15 years‚ The future value
Premium Pension
Employee benefit plans are continually evolving as the needs‚ desires‚ and majority age of the working population shift. In addition to these factors‚ the fluctuating state of our economy and the healthcare reform are driving employers to find creative ways to continue to provide‚ or enhance‚ benefits while still cutting costs. According to a survey conducted by the SHRM Foundation‚ 72% of HR professionals reported that the benefits offerings at their organization have been affected in some way
Premium Health care Employee benefit Health insurance
Edition Chapter 12 Managing the Employment Relationship OBJECTIVES After reading this chapter‚ you should be able to 1. Explain the concept of organizational justice and how it relates to all aspects of relationship building with employees. 2. Understand how actions taken at organizational entry help to build the employment relationship. 3. Know the major laws and legal doctrines governing the employment relationship. 4. Understand the complexities of employee handbooks. Cllrrent issues
Premium Employment Distributive justice
Managing Employee Performance HR2E01N 31st-July-2009 Q.”Assess the use of 360-degree appraisals in performance management” Performance management is the process of management that contributes to the effective management of individuals and teams to achieve high levels of organizational performance. Some see performance management as performance related pay schemes and others as the performance appraisal systems. In simple terms‚ performance management provides the means for people to improve
Premium Management Human resource management Organization
CHAPTER 8 Employee relations learn ing outcomes After reading this chapter you will: ●● ●● ●● ●● ●● ●● ●● understand the changing nature and continuing importance of employee relations be able to define the differences in the purposes‚ content and operation of disciplinary‚ capability and grievance procedures understand the good practice steps and statutory requirements that ensure the effective handling of conduct or capability cases be able to assess the suitability
Premium Employment Management Discipline
Managing Employee Safety Research University of Phoenix June 1‚ 2008 Managing Employee Safety Research Management of a business involves several factors including maintaining an image that represents the company’s desire to maintain a safe‚ risk free‚ compliant workplace. Whether negative or positive‚ any opinions or publicity on how a company operates can affect and effect a company’s public image and potentially create financial loss. A business must be careful and cognizant of the rules
Premium Occupational safety and health
Managing Employee Relations * Relationship between an employer and employees lies at the heart of what makes an organisation effective. * Employees have power to allow organisation to meet and exceed its objective or to fail. * Highly motivated employees= more productive‚ engaged and greater contribution towards its overall direction and success. * Demotivated employees= high absenteeism‚ poor time keeping‚ low productivity‚ strikes (collective strike) ‚ working to rule= undermine
Premium Trade union Employment Organizational studies and human resource management
Brad v Ada and Connie v Ada Assault Brad and Connie may have an action of assault against Ana. To obtain damages‚ Brad and Connie have to demonstrate that there was an intentional act or threat that directly places them in reasonable apprehension of imminent contact due to the direct acts of the defendant. In Rixon v Star City Casino Pty Ltd (2001) 53 NSWLR 98 (“Rixon”)‚ assault requires proof of an intention to create in Brad’s and Connie’s apprehension of imminent physical interference but does
Premium Battery Assault Damages
Week Four Hand-in Assignment Samuel Brewu Performance Management December‚ 2011 In the article under review‚ Hoogenboezem and Hoogenboezem (2005) discuss the introduction of performance measurement in the Dutch Police service since 2002. This phenomenon followed radical changes in Dutch political organization largely precipitated by the rise of politician Pim Fortuyn who had government performance on top of his political agenda. The Dutch government‚ like most of its Western counterparts had
Premium Police Constable Performance management
Communication an Employee Benefit Plan Bertha A. Navarro Roosevelt University HRM 430 – Online Employee Benefits Professor‚ Don Wlodarski April 29‚ 2013 Abstract A plan administrator for employee benefits has the task of assessing the needs of the employees of the organization. To do this‚ the administrator has the daunting task of identifying those needs in terms of internal and external factors‚ as well as comparing costs for the contemplated benefits so that they meet with
Premium Management Employment Human resource management