Standard Chartered Bank is a British bank headquartered in London with operations in more than seventy countries. It operates a network of over 1‚700 branches and outlets (including subsidiaries‚ associates and joint ventures) and employs 73‚000 people. Despite its British base‚ it has few customers in the United Kingdom and 90% of its profits come from Asia‚ Africa‚ and the Middle East. Because the bank’s history is entwined with the development of the British Empire its operations lie predominantly
Premium Bank Performance appraisal Employment
Performance Management and Performance Based Pay Compensation and Benefits MGT 548 Cardinal Stritch University Group MSM 3-356 Instructor: Rafael Viscasillas 7/25/05 Table of Contents Performance based pay is an effective way to adequately distinguish between the best and worse performers within the company structure. Commonly referred to as merit pay or skill based pay‚ performance based pay is a compensation system designed to reward employees for attaining additional skills or for
Premium Performance appraisal Human resource management Management
Effects of Motivation on Employees’ Job Performance in an Organization The primary objective of this paper is to describe‚ analyze and evaluate the effects of motivation on employees job performance in an organization. Furthermore‚ this aims to give insight to employees and administration who are working within an organization. The importance of motivation and how it affects an organization’s performance in it’s entirety‚ will be the best deciding measure between good and bad motivational
Premium Motivation
particular industry is high. Virtual assessments come at an initial cost but over time have shown to lead to lower costs in the hiring process. Candidates feel as though more is being assessed than their appearance and ability to interview. There are some drawbacks though. There is little excuse any more to not be proficient with the use of a computer‚ but these tryouts have the potential to eliminate good candidates that have little or no experience with computer simulations. Also‚ the virtual tryouts do
Premium Problem solving Cost Costs
Working Paper Series The Characteristics of Performance Related Pay Schemes Dr Mark W Gilman Canterbury Business School Working Paper No. 59 March 2004 THE CHARACTERISTICS OF PERFORMANCE RELATED PAY SCHEMES Mark W Gilman Dr M W Gilman Canterbury Business School University of Kent at Canterbury CT2 7PE Tel: 012227 823797 E-mail: m.g.gilman@ukc.ac.uk 1 Abstract Despite the growing amount of literature on performance related pay (PRP) schemes there is still very little‚ which
Premium Performance management
Apple Inc. 1. How has Apple performed in the PC industry? What is your evaluation of its performance in the PC business? Apple‚ like many successful companies‚ has gone through the business lifecycle multiple times. Apple went from introduction in Steve Job’s garage to a steep decline into near bankruptcy. The have most recently rode a new wave of growth and are now sitting in a mature stage as the most one of the most highly valued publicly traded companies. Apple has continued to be a laggard
Premium Apple Inc. Steve Jobs Innovation
MANAGERIAL COMPENSATION BASED ON ORGANIZATIONAL PERFORMANCE: EVIDENCES IN VIET NAM BANKING SECTOR ABSTRACT Viet Nam banking sector was emerging rapidly after had joined WTO at the end of 2006 and performance contingent compensation is a widely accepted means for rewarding managers‚ but there is no empirical test of its effectiveness in Viet Nam banking sectors. Does managerial compensation to organizational performance lead to higher organizational performance? It appears to be a truism that if you
Premium Motivation Management Salary
Student’s Academic Performance? Is a student’s failure in a class an indication that a teacher or professor did not adequately perform his or her job? There are two points of view on this issue. Many will argue that teachers should be paid on a merit system‚ or Pay for Performance system. There are some that believe that there are too many external factors in a class room for a teacher’s salary to be based on how he or she performs in the class room. Teacher’s pay for performance will be highlighted
Premium Education
Performance Related Pay Author of Report: Shevon Oxford (Personnel manager) The purpose of this report is to gather views from staff regarding the introduction of a performance related pay system. Requested by: Tony Milward (Personnel Director) of Transmitacom. Transmitacom is a company‚ which produces software for the telecommunication industry. Date request was made: 01/11/04 Date completed: 16/11/2004 The data was collected from a variety of books dedicated to the subject
Premium Maslow's hierarchy of needs Productivity Motivation
been a pervasive issue in health care because of the Pay-for-Performance (P4P) Programs. Pay-for-performance is defined as a plan of reimbursement that connects compensation to quality and effectiveness as a motivation to develop the health care quality as well as making a decrease in costs. Hospitals and providers are being encouraged by government agencies and individual health plans to encourage excellence standards. Pay-for-performance methods could cause consequences such as reduction admission
Premium Health care Health care provider Medicine