Paul Nasr‚ a senior MD in Capital Market Services at Morgan Stanley (hereafter referred to as MS) is facing the challenging question of how to effectively handle Parson’s annual performance review without creating a vacancy in an irreplaceable area that was difficult to perform and had seen a tremendous amount of turnover at MS. Nasr had the fear of losing Parson‚ his valuable employee and a star producer if he was not promoted to Managing Director as promised by Nasr during his hiring. Rob Parson
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Rob Parson at Morgan Stanley 1.360º Performance Evaluation System Overview 360 º performance evaluation system is a multi source feedback model for evaluating the performance of the employees within a company. The main purpose of this system is to develop the employees‚ not to use it for the administrative purposes as promotion‚ firing‚ and compensation package. The feedback is received from the direct manager‚ customers‚ peers and subordinates. Also‚ the self-evaluation of the employee is taken
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Case Write-up * Case: 360° Performance Evaluation at Morgan Stanley ------------------------------------------------- Vision Statement: “Connecting people‚ ideas and capital‚ we will be our clients’ first choice for achieving their financial aspirations.” This vision draws on essential skills in connecting the brightest people with the most powerful ideas and the capital to help clients succeed on their own terms. (Letter to Shareholders) -------------------------------------------------
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The Relationship between Authentic Leadership‚ Total Reward‚ Employee Engagement and Employee Discretionary Effort Doctor of Research In Management (DRM) RESEARCH METHODOLOGY Lecturer: Prof. Carol Hooi Group Assignment by: Agus Setiawan Ikin Solihin Rocky Nagoya Satya Radjasa Chapter 1 Introduction Background to the Study The global economic condition in the past couple of years has been showing signs of slowing down. Oil & Gas price have been slashed by more than half of what it used to be
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Total Rewards System Proposal Organization Overview This paper will discuss the total rewards program for Apple Inc. This company is a technology company that produces cutting edge computers‚ smart phones‚ tablets and portable music players. Apple Retail has been in existence since 2001 and now has 365 stores world wide with over ninety thousand employees in thirty nine countries. Apple Retail enables customers to touch and feel the products and work with knowledgeable sales associates
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Morgan Stanley becoming the “One-firm firm” 1. What‚ if any are the deficiencies in the Morgan Stanley performance evaluation plan? * A common “firm-wide” evaluation matrix is generic and risks eliminating division specific competence demand evaluation criteria. For example‚ the investment banking métier is quite a different business and requires quite different skill sets to succeed compared to trading and sales * The skill sets to succeed are quite different on different levels of responsibility
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Why a Total Reward Program is Important As the labor force becomes more highly developed and demanding‚ rivalry between organizations for talented employees is drastically increasing. It is extremely important that organizations make their company more enticing as an incomparable career opportunity. Instituting a total rewards system into an organization can do much to help it invite the paramount talent available and significantly condense turnover. The longevity of an organization’s employees is
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Ⅰ. Introduction Morgan Stanley is a global financial business firm serving a diversified group of corporations‚ governments‚ financial institutions‚ and individuals in 36 countries around the world‚ and sets its headquarter in New York City. The main areas of business for the firm today are Global Wealth Management‚ Institutional Securities and Investment Management. Morgan Stanley settled its Asia Pacific headquarters in Hong Kong in 1987 and its main business helps shape global views on China
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How do the Sears changes reflect a total rewards approach? A total rewards approach can be implemented in a company to attract‚ engage‚ and retain employees. When designing an effective total rewards approach a mixture of five key elements are used to tailor a program that reinforces the overall business strategy of a company while ensuring organizational success for the future. These five key elements are: compensation‚ benefits‚ work life‚ performance and recognition‚ and finally development
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Morgan Stanley is a global financial services firm with more than 600 offices in 30 countries and over 53‚000 employees. It was founded in 1935 and is headquartered in New York City. The firm operates in four segments: Institutional Securities‚ Asset Management‚ Retail Brokerage‚ and Discover (which provides Discover Card services.) The firm acquired the Discover Card business as a result of its merger with retail brokerage Dean Witter Discover and Co. in 1997. The unification of Morgan Stanley
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