Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Providing employee benefits
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Providing employee benefits
In an organization, employees may receive compensation benefits as for time offs. They may include sick leave, personal leave, vacations, holidays and even sabbaticals. Employers are aware that their employees need a break. Different organizations have different PTO policies. Paid time off can be defined as any time, which is not worked, but is paid. Although these plans are costly to companies, they view these plans as employee friendly. Companies try to offer the best plans, which are very competitive in attracting and retaining the talented workforce (Smith, 2012). Most of The employers prefer to come up with paid time off plan. This creates a flexible arrangement that allows the employee to use his/her off days at his/her discretion. The …show more content…
For instance, employees for Company A used to utilize their PTOs on a yearly basis, whereas Company B employees spent them on a monthly basis. One time might feel their time period was better than the other party. Employees from Company B might also feel their plan was the best as they did not accumulate these PTOs. This will also be a difficult issue, but we will try to harmonize and encourage most employees to take their PTOs at low work. This will be aimed at minimizing the labor costs when the work levels are low. Pay rate adjustment Issue This will be a critical issue. Most employees value their pay more than their working conditions. The two company’s employees will be bargaining for more pay than what they were earning at their previous single companies. Though they might want the company to raise their rates, the management might even be planning to slash them. A committee will have to form to look into this matter, as it is not a light matter. The personnel department will work for the best interests of the employees, through negotiating better pay rates. Conditions attached to …show more content…
As a merger, the company will now need a PTO policy that is same for all employees working in the merger. Some problems might arise if the two systems operate. Apart from running a costly human resource benefit system, there will be problems with employees operations. One section of the employees operating under a particular system might feel discriminated. This feeling might fuel un-cooperation in the work processes and create divisions in the workforce. This might lead to low productivity, and in extreme cases it can lead to industrial actions. Employees might term such actions as unfair thus negative merger publicity (Smith, 2012). All new employees will be direct to the PTO system, which was used by Company A. New employees cannot be expected to take leave their first months as they are still trying to catch up with the organization policies and month long off might cause their learning interruption. I would recommend the one PTO system, which was used by Company A which involved employees getting 30 days of paid time off, each year. There are so many benefits attached to these PTOs. To employees, they feel that they are entitled use PTO as adults, at their own will, with no restrictions. Employees are also realizing that paid time offs come with certain flexibility. Employees appreciate this flexibility and tend to be more loyal to their organizations as they feel that they are
In the year of 2005, the companies eventually found a way to make it easier for the companies to combine without having any major issues or problems. Unfortunately, around the year of 20010 the merging com...
Leadership succession in a merger of equals is an article, which examines the implications of leadership succession in an extreme form of mergers, a merger of equals, can yield important findings to better understand what allows some mergers to succeed while others fail (Cheng, 2012). Mergers and acquisitions are much more common these days and only a few of them end up being successes. Even though mergers and acquisitions do not result in much success rate, many organizations still prefer it because, it is used as a cooperative strategy but nowadays it is used for cooperative development. Cultural differences and merger integration can be considered as an important factor in the failure rate, but this study mainly focused on the choice of leadership succession and merge of equals. Mergers of Equals Mergers of equals is the combination of two organizations of similar size to form a single organization.
Arizona employers who do not currently offer paid sick time will be required to start accruing as of July 1, 2017. There has been an enormous amount of debate over whether there is a need to offer sick time, especially to employees who have paid time off which can be used for anything, including sick days. On the other hand, there is a significant need for employees who are not offered any paid sick time or paid time off. You will find a mix of employees and employers on either side and sometimes on both sides of this debate. Few will change their opinion when they think of themselves as the employee versus the employer and vice versa. Employers and employees have raised concerns alike regarding whether providing days specifically denoted as sick will encourage more unplanned days off, will negatively impact those that do not get sick, and whether it is fair to require sick time versus paid time off in which we can all agree everyone should have paid sick time when the
At a macro level as a result of the acquisition the combined size of Turner & Townsend Thinc was considered to be of strategic benefit to both firms. While there have been no official mass redundancies, role duplication has resulted in early retirement and resignations. However, the common problem faced after the acquisition is power struggles, excessive overhead, bureaucracy, uncontrolled layering, and decision strangulation.
A merger is a partial or total combination of two separate business firms and forming of a new one. There are predominantly two kinds of mergers: partial and complete. Partial merger usually involves the combination of joint ventures and inter-corporate stock purchases. Complete mergers are results in blending of identities and the creation of a single succeeding firm. (Hicks, 2012, p 491). Mergers in the healthcare sector, particularly horizontal hospital mergers wherein two or more hospitals merge into a single corporation, are increasing both in frequency and importance. (Gaughan, 2002). This paper is an attempt to study the impact of the merger of two competing healthcare organization and will also attempt to propose appropriate clinical and managerial interventions.
It is proper to present a business definition of merger as it found on legal reference with the ultimate goal in the pursuing of an explanation on which this paper intents to present. A merger in accordance with the textbook is legally defined as a contractual and statuary process in which the (surviving corporation) acquires all the assets and liabilities of another corporation (the merged corporation). The definition go even farther to involve and clarify about what happen to shares by explaining the following; “the shareholders of the merged corporation either are paid for their share or receive the shares of the surviving corporation”. But in simple terms is my attempt to define as the product or birth of a corporation on which typically extends its operation by combining with another corporation. So from two on existence corporations in the process it gets absorbed into becomes one entity. The legal definition also implied more than meet the eye. The terms contractual and statuary, it implied a process on which contracts and statuary measures emerge as measures to regulate, standardized, governing or simply at times may complicate whole process. These terms provide an explicit umbrella and it becomes as part of the agreement formulating or promoting a case for contracts to be precedent, enforced or regulated in a now or in the future under a court of law under the Contract Business Law Statue of Practice. As for what happens to the shares of the involved corporations no more explanation is needed as the already actions mentioned clearly stated of the expectations of a merge’s share involvement.
...dditionally, the merger can take place in smaller phases. For instance the first phase may include change of the physical look of the branches and the signage - – so as to convey a consistent view and experience for its customers. This phase may also include effective communication to the employees to educate them about the merger, ensure them of their positions and encourage them to participate in the merger. Second, the firm can totally combine the bank’s technology and the information systems which will allow the merged firm to operate as a single entity and to become fully operational. The management should implement the merger with care and prudence, aiming for minimal disruption for the customers and should communicate extensively to ensure all its stakeholders are kept fully informed as they make changes.
The soft factors can make or break a successful change process, since new structures and strategies are difficult to build upon inappropriate cultures and values. These problems often come up in the dissatisfying results of spectacular mega-mergers. The lack of success and synergies in such mergers is often based in a clash of completely different cultures, values, and styles, which make it difficult to establish effective common systems and structuresBased on the case study, extensive research and annual reports of AT&T the writer has mapped AT&T in the different domains. AT&T should strive to attain a perfect circle as close to the centre as possible, which indicates total synergy, order and equilibrium. Where the circle is skewed drastic change is needed as it moves closer to the outer ring of chaos:
That brings a great challenge to succeed, and lets the leadership work in new and innovative ways to make such a merger successful. McClelland’s theory states, in regards to the need for achievement, that people strive “To excel one’s self.to rival and surpass others. to increase self-regard by the successful exercise of talent” (Kreitner & Kinicki, 2010, p. 215). By this definition, the merger would motivate leadership to excel in the face of a challenge, and to increase their professional self-regard in their success in doing so. On an individual level, you are asking the performers and employees to recognize both economic and social climates, and to come together in action to save both their careers, as well as their passion for life....
Generally in the public sector and in some instances in the private sector as well, time off with pay methods separate the different types of time off in categories such as vacation leave, sick leave and personal days off. There are a variety of leave types that apply to these methods as well. Organizations also allow time off for jury duty, bereavement, sick time, holidays and off site training to name a few. These types of leave groups require managers and supervisors to manage the usage of each time category and often times a log
When two companies decide to combine forces and become one bigger, richer mega company, it is called merging. This process forms a new company, combining the money and ideas of what used to be two different entities into one. This, however, is not the only thing that results from merging two different companies, and since we will be discussing the merging of two companies in the pharmaceutical industry, the impact will be incredible. Of course, the merging of two companies will not only have positive impacts but it will have many negative side effects as well. Furthermore, depending on the size of the merging companies and the goals of the people leading these companies there will always be contradictions according to the long-term goals or short-term goals depending on what both parties’ interests are. Our company, Verduga Inc. is contemplating to merge with Coronado-Salinas Inc., so before we rush into such a merger we must contemplate the positive and negative aspects of such a move. When it comes to mergers there are always many possible positive and negative impacts due to the effects of merging; these effects more widely impact the fields on research and development, on employment and management, stocks and shareholders, monopolization, and ingenuity.
Mergers and acquisitions immediately impact organizations with changes in ownership, in ideology, and eventually, in practice. There are multiple reasons, motives, economic forces and institutional factors that can, taken together or in isolation, influence corporate decisions to engage in mergers or acquisitions. The financial risks of merging with or acquiring an organization in another country and how those risks can be mitigated are important issues for corporations to conduct research on. This paper will examine the sensible and dubious reasons for mergers and acquisitions and the benefits and costs of the cash and stock transactions.
Company today doesn’t have a strong employee’s policy about the benefits and rules that are putting in place vacation, personal day, and sick day. To prevent absenteeism human resource have to researched in how important they human capital to they organization. They should separate the different department needed and how it effect productions when they is high absent from delay work. Usual company is not very clear about when to use your vacation and personal day. Also when to call out sick, what are the guideline?
Our company should move to an unlimited vacation policy because not only does it benefit our employees but our company will also do better. The policy will help our employees learn how to balance work and personal life, it will strengthen the trust between
The PTO bank takes the rates accumulation of only the used vacation day during termination.in cases where the employee has not used the sick days off, the company will have many financial liabilities to make during employees termination. This is because, even though sick days off should not be counted in the rates of interests, but its included in the PTO therefor it is