Please do not give solution in image formate thanku. Read the following scenario from the Human Resource Management textbook’s supplementary materials and compose your response in essay form. The CEO of your hospital wants to improve employee morale. Recently, she went to a conference where she heard people talking about “open-book management.” According to the conference attendees, many companies have achieved good results by sharing all of their financial statements with employees. But your CEO isn’t sure whether or not they are including compensation in those financial statements. What advice would you give her?
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Please do not give solution in image formate thanku.
Read the following scenario from the Human Resource Management textbook’s supplementary materials and compose your response in essay form. The CEO of your hospital wants to improve employee morale. Recently, she went to a conference where she heard people talking about “open-book management.” According to the conference attendees, many companies have achieved good results by sharing all of their financial statements with employees. But your CEO isn’t sure whether or not they are including compensation in those financial statements. What advice would you give her?
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- As a Tactical Accounts Manager, errors in the allocation of deductions to policy premiums are a serious concern that could have far-reaching consequences for the department and the company as a whole. There could be a number of reasons why deductions are too small. One reason could be that employees are unaware of the true cost of their insurance premiums and thus fail to deduct the appropriate amount from their pay. This could be due to a lack of communication or education about the true cost of insurance, or to changes in premium amounts that are not effectively communicated to employees. Errors in deduction allocation can have a significant impact on the department and the company as a whole. It can result in client complaints, decreased customer satisfaction, and, ultimately, lost revenue. It can also result in higher administrative costs as employees work to correct errors and resolve client complaints. Operational Customer Service Manager When clients update their policies in the…As a Tactical Accounts Manager, errors in the allocation of deductions to policy premiums are a serious concern that could have far-reaching consequences for the department and the company as a whole. There could be a number of reasons why deductions are too small. One reason could be that employees are unaware of the true cost of their insurance premiums and thus fail to deduct the appropriate amount from their pay. This could be due to a lack of communication or education about the true cost of insurance, or to changes in premium amounts that are not effectively communicated to employees. Errors in deduction allocation can have a significant impact on the department and the company as a whole. It can result in client complaints, decreased customer satisfaction, and, ultimately, lost revenue. It can also result in higher administrative costs as employees work to correct errors and resolve client complaints. Information Technology Manager - Nadiya Bryan: A claim's insurance…After you have presented your proposal to hospital administration, and it has been accepted, you are informed that the impending cost reductions will need to be implemented. You are told to meet with your supervisory staff to organize the implementation of your plan. The CEO will be holding hospital employee briefings beginning the next afternoon to provide the employees with an overview of the situation confronting the hospital. Over the next two to three days, you will be meeting with your supervisory staff and then with the laboratory employees to provide additional detail specifically as it pertains to the laboratory and its staff. Your goals are to have your employees fully understand the situation and its implications, allow them to communicate their thoughts and concerns, and to finally accomplish buy-in from the staff regarding the proposal you must implement. Question: What areas of collaboration or coordination, if any, will be needed with the supervisory staff, pathology…
- After you have presented your proposal to hospital administration, and it has been accepted, you are informed that the impending cost reductions will need to be implemented. You are told to meet with your supervisory staff to organize the implementation of your plan. The CEO will be holding hospital employee briefings beginning the next afternoon to provide the employees with an overview of the situation confronting the hospital. Over the next two to three days, you will be meeting with your supervisory staff and then with the laboratory employees to provide additional detail specifically as it pertains to the laboratory and its staff. Your goals are to have your employees fully understand the situation and its implications, allow them to communicate their thoughts and concerns, and to finally accomplish buy-in from the staff regarding the proposal you must implement. Question: What are the various means of communication that could be used in this situation? Which one(s) is chosen…After you have presented your proposal to hospital administration, and it has been accepted, you are informed that the impending cost reductions will need to be implemented. You are told to meet with your supervisory staff to organize the implementation of your plan. The CEO will be holding hospital employee briefings beginning the next afternoon to provide the employees with an overview of the situation confronting the hospital. Over the next two to three days, you will be meeting with your supervisory staff and then with the laboratory employees to provide additional detail specifically as it pertains to the laboratory and its staff. Your goals are to have your employees fully understand the situation and its implications, allow them to communicate their thoughts and concerns, and to finally accomplish buy-in from the staff regarding the proposal you must implement. Question: What steps or functions are key to organizing the plan for implementation? Who needs to be included in…Ezzee solutions, a business consulting company, is embarking on implementing an Information System to integrate accounting, finance, marketing, production and human resource management within the organization. It provides the information an organization needs for efficient operations, effective managerial decision-making and a competitive advantage. You have been appointed to conduct training to the staff at Ezzee solutions on the details of the information system. Your presentation would include the following aspects. Discuss in detail any five benefits an Information System offers to the organization like Ezzee solutions.
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- You just learned how to evaluate pay compression systems by the following metrics: Total Compensation Expense Factor, Pay-for-Performance Expense Factor, Total Compensation Revenue Factor, and Pay-for-Performance Revenue. In the “Practice” sheet of the Excel workbook, you will find a new set of compensation, operating, and revenue data for a different company. Again, you will focus on compensation expenses associated with nonproduction employees. Do and respond to the following: First, compute the total compensation expense factors and total compensation revenue factors across 3 years. Second, compute the pay-for-performance expense factors and pay-for-performance revenue factors across the same 3 years. Third, What trends did you notice? What implications do they have? 2016 2017 2018 Compensation Expenses (Base & Variable Pay): 38.5 41.7 40.6 Pay-for-Performance Expenses: 7.5 10.3 9.9 Benefits Expenses: 18.3 19.9 19.3 Total Operating Expenses: 65.6 72.7 74.0 Total…Assume you are working for a Human Resource Department in a leading apparel company in Sri Lanka. Your board of directors have instructed you to initiate a management trainee programme to hire 10 talented management undergraduates to the organization. Assume you have already advertised this opportunity and you have received 1000 applications. Based on the information above, draft a proposal for the board of directors on how you will be selecting 10 individuals from the pool of applicants and how you would do the induction process for them. Budget approved for these activities are Rs. 2 000 000.00 1) Induction ProgrammePerformance appraisal is a systematic process of evaluating the job performance of employees and providing feedback to help them improve and develop professionally. It typically involves setting performance goals, assessing progress, and providing constructive feedback. Performance appraisals serve several purposes within organizations, including recognizing and rewarding employees for their achievements, identifying areas for improvement, and making decisions related to promotions, salary increases, or training opportunities. Effective performance appraisals are conducted regularly, typically on an annual or semi-annual basis, and involve clear communication between supervisors and employees. They should be based on objective criteria whenever possible, focusing on measurable outcomes and behaviors rather than subjective opinions. Additionally, performance appraisals should be conducted in a supportive and constructive manner, emphasizing opportunities for growth and development…