Compensation While La Miel Filipina is at its pre-operating stage, partners will not receive any compensation. However when operation becomes normal, the business intends to give fixed salaries and wages aside from profit sharing. Any increases or adjustments will just depend on the profitability of the business. See the Table below.
Positions Fixed Monthly Salary
Vice President - Marketing and Advertising Manager ₱ 5,000.00
Vice President – Operations Manager ₱ 5,000.00
President – Financial Manager ₱ 5,000.00
Total ₱ 15,000.00
The general partners of the same level would be handling sensitive positions like the Financial Manager, Marketing/ Advertising Manager and the Operations/ Human Resource Manager. Regular employees would include
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(n.d.). Schedule of Contributions. Retrieved March 3, 2017, from https://www.sss.gov.ph/sss/appmanager/pages.jsp?page=scheduleofcontribution
PhilHealth Premium Contribution Table
Salary Bracket Salary Range Salary Base Total Monthly Premium Employee Share* Employer Share
1 8,999.99** and below 8,000.00 200.00 100.00 100.00
2 9,000.00 - 9,999.99 9,000.00 225.00 112.50 112.50
3 10,000.00 - 10,999.99 10,000.00 250.00 125.00 125.00
4 11,000.00 - 11,999.99 11,000.00 275.00 137.50 137.50
5 12,000.00 - 12,999.99 12,000.00 300.00 150.00 150.00
6 13,000.00 - 13,999.99 13,000.00 325.00 162.50 162.50
7 14,000.00 - 14,999.99 14,000.00 350.00 175.00 175.00
8 15,000.00 - 15,999.99 15,000.00 375.00 187.50 187.50
9 16,000.00 - 16,999.99 16,000.00 400.00 200.00 200.00
10 17,000.00 - 17,999.99 17,000.00 425.00 212.50 212.50
11 18,000.00 - 18,999.99 18,000.00 450.00 225.00 225.00
12 19,000.00 - 19,999.99 19,000.00 475.00 237.50 237.50
13 20,000.00 - 20,999.99 20,000.00 500.00 250.00 250.00
14 21,000.00 - 21,999.99 21,000.00 525.00 262.50 262.50
15 22,000.00 - 22,999.99 22,000.00 550.00 275.00
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**For Kasambahay helper receiving a wage of less than Five Thousand Pesos (P5,000.00) per month, the employer will shoulder both the employee and employer share based on the premium
There are many different types of employees in that business, however, I will focus on the financial analyst, data quality analyst, and a senior variable pay advisor. The financial analyst uses reports results, identifies trends and makes recommendations based on the analysis performed to solve day-to-day financial business problems. (USAA, 2015) The data quality analyst uses relevant industry data quality practices & methods and demonstrated ability to connect data creation, transformation and transmission lifecycles. (USAA, 2015) Last, the senior variable pay advisor uses techniques and tools that promote effect analysis and the ability to determine the root cause of organizational problems and create alternative solutions that resolve the problems in the best interest of the business. (USAA, 2015)
Firstly, the top management team who are the individuals with the highest ranking with senior managerial responsibility in an organisation. The directors of Virgin translate the policy into targets, purposes, and collaborative enterprise that is carefully planned and designed to achieve a particular aim. It makes resolutions that affect people in the organisation. Secondly, a self-managed team, it is the group of employees that is accountable for the producing of the most parts of a product or a service delivering. A self-managed team carry out assisting tasks for example, arrangements and scheduling the sequence of industrial and managements of annual leave and absence, e.g cockpit flight crew. Thirdly, work team who works on recurring duties for example, virgin flight engineers. They are the most useful team where the career signification changes considerably and workers with restricted skills and a particular set of tasks are not able to conquer. Finally, the cross functional teams, it is the group of individuals with multi functional skills working toward a mutual purposes. Sometimes it includes individuals from different departments such as finance and marketing. In addition, it includes individuals from all scales of an organisation for example, cockpit crew and air traffic control
Q1.Based on the 2004 statement of profit and loss data (Exhibits 1 and 2), do you agree with Water’s decision to keep product 103?
To start with, we must first understand what a managerial strategy means and how we can apply the appropriately.
I, Melis Bayraktaroglu, will use this money for my mandatory expenses. My parents will use this money to buy my plane tickets which is departing and returning twice a year (one ticket, returning & departing is 1100$). I will use this money for my phone bill, extra dinners outside of the campus, and personal items that I might need (winter jacket, snow boots, etc.). Thank you.
* Frontline PR is a public relations firm with 150 full time employees, consists mainly of their staff plus some administrative and operations people. Frontline is currently struggling with the cost of health care insurance
These employee’s include engineers, assistants, secretaries, drivers, human resources, trainers, marketers and accounting, all employees indirectly related to the production and sale of the product.
Labor relation, shareholders and public relations, environmental matters, legal affairs, administering personnel policy and benefits programs handle by one person.
The Rose Company is building a new plant to reduce cost, improve the quality of products, and maintain competitive leadership by gaining a slight production advantage. The main obstacles to be overcome are the commissioning of a new plant, new methods and process, and administrative reporting issues. As the newly hired General Plant Manager, I plan to resolve these issues by insisting that all plant communications flow through me, instituting training for plant personnel and setting operational expectations.
Write a 1200-1500 word paper that describes a strategic compensation plan for machine operators at Plastec Company. Refer to the description from the week 3 assignment. Include at least 3 referenced articles and cite them as appropriate. This paper should at a minimum address the following:
Provide Supervisory and Organizational Support . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
This case study is about a student Monroe davies who is in his second year at Harvard Business school and Jim Hummer who is the CEO of a company named Whole Health Management. Jim has met Monroe before and knows that Monore is interested in entering the whole health management.
Secondly, it is the company’s accountant which deals with the company’s annual finance. However under Mr Blacks assistant it is the manager who is given the role to take care of the company’s day to day finance. Under the manager there are four people, firstly it is the employees the people who stock the shelf and assist and help the customer’s. Secondly, it is the cashier who works at the till and scans the items and takes the money of the customers and gives them change if needed. Thirdly, it is the stock keeper he is in charge of keeping track of the stock. Fourthly, it is the suppliers the people or company that supplies item to mobile lunches 4u.
The organisation structure on the following page represents the core roles and responsibilities that would be expected
1. Sullivan & Cromwell associates are likely to find the pay structure fair. Likely comparisons would be with similar positions at other law firms at similar locations. Sullivan & Cromwell, for example, operates mainly in New York, which means salaries could most reasonably be compared with other law firms at this location. Furthermore, the company is very forthcoming with its pay structure, offering a complete and thorough display of its pay structure for different positions online (Glassdoor, 2012). Some salaries are offered per year, while others are offered on an hourly basis. A 6th-year attorney, for example, is paid on an annual basis, while a paralegal associate would be paid per hour. Salaries are also varied according to the complexity and seniority level of the position.