New House Decision Essay Example | Topics and Well Written Essays - 1750 words

New House Decision - Essay Example This paper will assess the consequences brought about by economics on every major decision we made. Furthermore, this will show the important things to be considered in buying a house with a purpose of helping anyone who is in the quest of deciding to purchase one. Economic Principles The first thing to be accounted for is the opportunity cost. McConnell & Brue (2005) defined opportunity cost simply as the value of the forgone opportunity to obtain something else when coming up to a decision. Opportunity costs include the possible gains from investing the same amount of money in a business or stock market instead of using it to pay for the down payment (Derrick, 2009). To obtain a house would mean foregoing the chance of earning interest from a possible investment using the same money. It would also mean foregoing the opportunity of going to a postgraduate program or a doctorate one. There were actually several things one forgoes in deciding to buy a new house. Another thing to consi der is the tradeoffs, from which opportunity cost arises. According to McConnell & Brue (2005), trade off is when you give up one thing to attain more of something else. It is more likely the same with the opportunity cost. The difference is that trade off is the decision itself while opportunity cost concerns the value of the thing given up. In decision making, most of the time, one has to choose an option rationally. In the case, one either has to choose between buying a house or not. If one will opt to purchase a house, his ability to buy another good declines. For example, if one chooses to get the house located near to his or her office, a part of the savings will be lost which could intently be used in buying clothes. So, she will buy fewer clothes, or worse, she will not buy anymore since the same amount of money was used to get the house. Another example would be the same amount used to buy a house could be spent in sending a child to a prestigious school. To others, purchas ing a house would mean sacrificing the education of their children. To arrive at a decision, one has to consider the benefits over the costs. Since buying a house is a life-changing decision, one must think of it carefully. Purchasing a house offers the soon-to-be homeowner long-term financial-related benefits like tax savings. Some people even agreed that it’s the best investment to make. Quealy & Tse (2010) said that â€Å"property taxes, the interest part of the mortgage payment, and in some cases, a portion of the common charges, are tax deductible.† Basically, homeowners can deduct mortgage interest, points or the charges by the mortgage lender, equity loan interest of up to $100, 000, home improvement loan interest, mortgage tax credit, and real estate tax or often called as property taxes. Mortgage interest deduction can be the largest among all other deductibles since one can deduct up to $1 million. When one takes a loan for major house improvement, he or she can deduct the interest payment without any limit, provided that the said improvement adds value to the house. To sum it all, it will be a huge tax savings. However, these tax deductibles can only be claimed if deductions are itemized rather than standard deduction. Another incentive a homeowner can get is that the values of real estates, over the years, have appreciated. Along with this is the fact that the value of the house appreciates. The costs to be incurred in purchasing,

Putting Our Brains on Hold Essay Example for Free

Putting Our Brains on Hold Essay The reading â€Å" Putting Our Brains on Hold,† by Bob Herbert, indicates that the United States is twelve among countries with college degrees. Also, this reading indicates that the percentage of people with college degrees has fallen, and that Americas young people are moving in the wrong direction at a time when college education is needed. Herbert says that engagement in issues that happen in society can lead to creative ideas and would enrich the lives of Americans. Many people are to blame for the society not engaging in the issues that happen in society. The most significant idea in this reading is parents, students, the educational establishment, government leaders, and the news media having the blame for not letting the society engage in the issues that happen to the society. Many children do badly in school because of their parents. Children of middle and upper classes are more likely to get high grades. Traumatic events can affect a child by giving that child a poor grade.The more time a parent spends with a child the more likely a child is to get a better grade. Children can do baldy in the classroom because of their carelessness.Teacher preparation is important for a teacher to be effective in the classroom. Good teacher preparation can have an affect on a students academic achievement. A teachers confidence can affect a students performance. It is important that teachers believe in themselves and in their abilities. The media can also affect childrens performance in school in a negative way. Television watching can replace activities that can help a child do better in school such as reading and doing homework. Television can also replace reading. Reading requires more thinking than television watching. Reading development. This is how television can affect a persons performance in school. Many people are not learning about the issues that happen in society. Many people are to blame for the society not engaging in the issues that happen everyday. This engagement can lead to creative ideas.

Use Of Steel In Building Design Construction Essay

Use Of Steel In Building Design Construction Essay Steel is a mixer from alloy which consists a lot of iron and around 0.2 % of carbon. Grade will affect the weight of it but normally it is 2.1% by weight. For iron, carbon is the most common alloying material, but it also uses other elements such as manganese, chromium, vanadium, and tungsten. Carbon and other alloying elements likes what I mentioned just now are acting as a hardening agent. From doing so, it can prevent dislocations in the iron atom crystal lattice from sliding past one another. By control the amount of alloying elements, it can indirectly control the hardness, ductility and the tensile strength of the resulting steel. By increasing the carbon content, it can be made harder and stronger than iron, but such steel is also less ductile than iron. Steel also called as a versatile material because the composition and internal structure to tailor its properties can be adjusted by us. Due to this reason, we can produce steel for paperclips, steel bridges, thin strips of st eel for razor blades and large beam for column. Properties of steel Steel more or less is a linear elastic material, it has a strong tensile strength which made it can be bend into whatever shape that you like, and it also have the same compressive as the tensile strength . It different from concrete, as we know that concrete is very low in tensile strength but it has a strong compressive strength. However, with enough applied force, steel and other metals will cease to behave elastically and begin to behave plastically. When a material is linearly elastic, its deformation, or strain, will be directly proportional to the applied force and it will return to its original shape when the force is removed. A plastic material ,on the other hand, will permanently deform without breaking. In real life, we cant found such thing as perfectly elastic or plastic material. Material likes steel, the tensile strength and the compressive strength are concerned by structural engineers. When steel reaches its yield strength, It started to stretch and transition from elastic to plastic behavior. When there is more force that applied on steel, it will made it reaches its ultimate tensile strength and eventually it will break. Due to the high tensile strength that steel has, structural engineers take this advantage in their design. In some Natural disasters likes earthquake or major structural failure, the properties which steel has is very useful because it allows the structure to absorb extra load. For those material that too brittle, it will shatter instead of stretch, it possibly will cause the structure to crash down, but for material likes steel, when the structure is ruined, but its plastic behavior allows time for escape. Advantage of steel As all engineers know, steel is very useful in construction. There are a lot of advantages of using steel in construction. That is why so many construction in the world use steel as main material. 1. Recycling Use steel in construction only will generate a small amount of waste. For all those light gauge steel construction is 100 percent recyclable. In one year, over a trillion pound of steel was recycled. According from a trustable data, it shows steel industry annually saves energy up to 18 million households for a year. 2. Strong and Durability Compare with use wood for framing work, steel is significantly stronger than wood. Other than carbon fiber, there is no other material can match steels superior strength and durability. The reason we never apply carbon fiber in our building is because carbon fiber is much more expensive compare with steel. Building that uses steel will enable the building to resist earthquake, hurricanes and other natural disease. 3. Climate and Condition As we know, steel made from strong iron and carbon, so it will never crack, shrink, splinter, creep, split, or swell. Individual members of a wood-framed building react differently to climate changes. This wood movement may include expansion, contraction, warping, twisting, etc. 4. Weigh Steels weigh is 60 percent lesser than wood. 6 tons of steel can supports 2000 square foot home, but for lumber, it needs around 20 tons to support 2000 Sf home. Although steel is light but it is very strong. Use steel for foundations can make it be lighter; transportation and site handling are easier. Problem of steel There is no perfect material in this world; each material has their strong point and week point. For steel, the most serious problem is corrosion. Due to the moisture of the air, those steel that exposed to air will get rush easily. Owner of the house have to spend a lot of money to remove those rush steel and replace it with new steel. So rather than waste a lot of money to replace after it rush, engineer had found out some way to prevent it before get rush. 1. Materials resistant to Corrosion In real life, we cant find a material that can totally immune to corrosion in all environments. To prevent corrosion, we have to know the environment factor that causes them to rush. Corrosion Resistance Date are used to assess the suitability of material in an environment. 2. Protective coating For prevent steel from corrosion, protective coatings are the most widely used technique. Protective coatings separate the surfaces of the matter that will corrode from the factors in the environment which cause corrosion to occur. Even protective coating is a common way of corrosion control technique, but it doesnt mean it can 100 percent the surface. 3. Catholic Protection There is another way to prevent corrosion from using electricity. Catholic protection interferes with the natural action of the electrochemical cells that are responsible for corrosion. For those materials which always exposed to air or water, using Catholic protection method is a very good technique. Other than the corrosion problem, steel cant resist heat as well. So when in applied in column, it needs a thick layer of cement to resist fire. From doing this, when the building is in fire, people got a lot of time to run from the building before it collapse. Uses of steel in construction work The number of building keeps increasing nowadays with help of steel components all over the world. The engineer found out that steel that is very useful in the construction work due to the ability of tensile and compressive strength. Cost of steel also affordable by client. In a building, steel parts are the most strong, most solid and reliable type of all building material that can stand the test of time. Due to the reason which is steels are firm, and cheaper compare with other material, aesthetic, fire resist, do not require further treatment and it is environmentally friendly. Advantage of steel is enough to draw attention to metal and steel components; the only issue that needs even more elaboration is their elasticity and reliability. Nowadays people do not want to be scared anymore because of their firbeboard-house or pvc houses will be sweep away by storm, tornados and other natural disasters. Reliable, solid and firm components will brings trust to user. Corrosion is one of the biggest disadvantages of metal parts used for construction though nowadays most of the manufacturers heat-treat metal parts in order they become stainless and stone-like. Heat conductivity is another problem of metal structures that is why houses are not equipped with them in full scale. Structural-Steel Columns The method of securing the ends of a column greatly influences its strength. While wooden and cast-iron columns usually occur in building construction with flat or square ends, structural-steel columns are often used, having either hinged, flat or square, and fixed ends. Where the ends are securely fixed, so that the column is likely to fail in the shaft, before the end connections are ruptured, greater strength is developed than with columns having hinged or pinned ends. Columns having flat or square ends are somewhat stronger than hinged-end columns, but not so strong as those having their ends firmly secured. Light steel framing Thin sheets of galvanized steel can be formed into steel studs used as a building material for rough-framing in commercial or residential construction (pictured), and many other applications. The dimension of the room is established with horizontal track that is anchored to the floor and ceiling to outline each room. The vertical studs are arranged in the tracks, usually spaced 16 apart, and fastened at the top and bottom. Rectangular steel frame, or perimeter frame of the Willis building (at right) contrasted against the diagrid frame at 30 St Mary Axe, London, UK. The primary shapes used in residential construction are the C-shape stud and the U-shaped track, and a variety of other shapes. Framing members are generally produced in a thickness of 12 to 25 gauge. The wall finish is anchored to the two flange sides of the stud, which varies from 1-1/4 to 3 thick, and the width of web ranges from 1-5/8 to 14. Rectangular sections are removed from the web to provide access for electrical wiring. Steel mills produce galvanized sheet steel, the base material for light-gauge steel. Sheet steel is then roll-formed into the final profiles used for framing. The sheets are zinc coated (galvanized) to prevent oxidation and corrosion. Steel framing provides excellent design flexibility due to the inherent strength of steel, which allows it to span over a longer distance than wood, and also resist wind and earthquake loads. Light Steel Framing has been extensively used in cold climate countries due to its good thermal and structural behaviour. Heat loss reduction and tenement thermal comfort have been the main driving forces defining the design of these frames. The main issue to be addressed is how striving for thermal efficiency can lead to structural weakening and poor fire performance. ( http://en.wikipedia.org/wiki/Steel_frame) Summary Steel is a very important character in construction work. It can apply in concrete, farming work, beam, column, etc. Steel strong in tensile and compressive, so when apply in column, it can help column to easily crack or damage. Compare with wood make building, steel make building allow people run away from the building when it was in fire. Steel can be totally recycled, and it will not produce any waste when it apply in construction. Talk about the advantage, steel is strong and it can last longer than any material. Carbon fiber has same properties as steel, but cost of carbon fiber is extremely expensive compare with steel. There is no perfect material in the world, even steel is good, but it can corrode anytime when I expose to air or water. Client or owner spent a lot of money for the further treatment. So rather to spend money on the further treatment, they choose to do something on it before it install. Such way like coating, material resist, and catholic protection. Conclusion Initially I choose wood as the material of the assignment, but eventually I found out that steel is more common use and its properties is very unique. Steel much more stronger than wood, lighter than wood and talk about the further treatment, woods are easily spoil, so it will waste more money. But nowadays steels are getting lesser, we have to find another material to replace it, Carbon fiber has the same properties with steel but the problem is it is very expensive compare with steel. Recycle is the best way to solve this problem. Steel can be cycle easily, we can get the source from tin, old car, old buildings beam. From doing this, we can make sure

The Ages Of Poetry Essay -- essays research papers

The English Romantic poets of the 19th Century had a conception about nature that, over a century later, appears in the poetry of today. These poets have had a significant influence on the attitude and vocabulary a contemporary poet uses. Among the contemporary poets, Dana Gioia, in his two poems, "Becoming a Redwood," and "Rough Country," has drawn on the idea of the innocence and untainted part of nature that parallels the Romantic poetry of William Wordsworth and William Blake in their poems "Nutting," and "The Tyger." Also, Gioia has captured the wild-like and untamable demeanor of nature that many English Romantics have similarly captured. Finally, Gioia uses the concept of the sublime in his poetry to the extent that nature becomes dangerous to humans. Many English Romantic poets have written about the innocent and purity that can be found in nature. In Wordsworth's "Nutting," he comments on the beauty of the innocence of an "unvisited" nook his character discovers. Wordsworth writes, "Unvisited, where not a broken bough / Drooped with its withered leaves, ungracious sign / Of devastation; but the hazels rose / tall and erect, with tempting clusters hung, / A virgin scene!" (Ln17-31) Wordsworth is commenting on the innocence and beauty of nature without human intrusion. This Romantic conception of innocence parallels Gioia in his poem "Rough Country." He writes, " a spot so hard to reach that no one comes-- / a hiding place, a shrine for dragonflies / and nesting jays, a sign that there is still / one piece of property that won't be owned." (17-20) This last line implies that this part of nature will remain untouched, this part of nature will remain pure and innocent, and a Rom antic conception of nature that even Gioia has adopted in his poetry. Another conception that the English Romantics held about nature was that nature is wild and untamable. This wild-like aspect of nature is described in William Blake's "The Tyger." Blake writes, "Tyger, Tyger / Burning bright / In the forests of the night / What immortal hand or eye / Dare frame thy fearful symmetry?" (1-4) Blake creates this image of the Tyger as a wild beast, an untamable creature of the for... ... no silence but when danger comes." (25-27) This English Romantic concept of sublime that Gioia uses, makes humans to not only fear nature such as the Tyger or the mountains, but also to hold high respect for its beauty and magnificence. It is interesting to see how much of our history actually does repeat itself. It is amazing that even today, we are asking the same questions about nature and coming to similar conclusions as people did in the 19th century. Its not that nature hasn't changed, but the attitudes toward nature still build on many general English Romantic ideas. Dana Gioia, in particular, has taken some of the same attitudes toward nature as the Romantics have; he has developed the untamable and wildness of nature, the innocent and virgin, as well as the sublime in his two poems, "Becoming a Redwood," and "Rough Country." English Romantic poets such as William Wordsworth and William Blake influence each of his poems. Because of their strong influence on contemporary poets today, it would not be surprising to see their influence carry on in yet another century, and have the influence on poets for years to come.

Human Resource Management Process1 Essay

The role of a Human Resource department is ever changing in today’s volatile business environment. Over the years HR have become strong strategic partners within an organization by providing functions such as recruitment, training and development and retention. Human Resource, in order to be strategic, works directly with all levels of management in an effort to help with strategy and the growth of the company to meet their vision. One very important aspect is talent acquisition. Having the right people in key roles within the organization is vital to the success and growth of any company. Performing this function includes job analysis, task and KSA statements, preparing job descriptions, recruiting, and then setting compensation. The entire process from job analysis to compensation is discussed as follows; Job analysis                      When a new job is created or a vacancy occurs, it is the role of a HR representative to fill that void. In order to perform this function they need to first understand what role they are trying fill is and what skills and responsibilities this new role would require. By conducting a job analysis they are able to further define important elements of any job and then search for the person or people that are the most qualified and would be a good fit for the company. Job analysis is the process of describing and recording aspects of jobs and stipulating the skills and other requirements necessary to perform the job. It refers to the process of Gathering and collecting information about responsibilities, duties, skills, the outcomes and the environment that influences working in a particular job field. The job analysis process will help the HR managers find the ideal candidate for the position. Task statement                      Task analysis is the process by which a task statement is derived. The task statement is the most important element of task analysis process because it provides a standardized, concise format to describe worker actions. It is a document that defines and describes the specific job to be performed by the candidate. The creation of these task statements may take considerable thought and insight. However, the rewards of conducting this due diligence before taking on the task of hiring a new employee, makes the process very simple and less stressful. Everything is clearly defined and above all, measurable in the future. KSA statement                      KSA statements are the job related knowledge, skills and abilities that an applicant must perform successfully in a certain position. It is a statement that helps employees in the process of identifying the employee who best fits in a particular field. KSA statements help hiring managers identify the knowledge, skills and attributes needed to successfully perform a specific job. Knowing the tasks that have to be performed, helps you to identify the KSA that the candidate must possess in order to perform to the companies standards and in return hire the right candidate. Job description                      Writing a job description is an important step in the human resource staffing plan. A job description typically outlines the necessary skills, training and education needed by a potential employee for a specified job. It provides an outline of what should be done by a particular employee in a specific position. It should give a brief overview of the role, how it relates to the organizational vision, a list of key responsibilities, requirements and qualifications.Once a job description is prepared, it can serve a basis for interviewing candidates, orienting a new employee and finally in the evaluation of overall job performance. By incorporating and utilizing job descriptions, an organization can better understand the experience and skill set needed to enhance the overall success of the company. Recruitment plan                      Once the Job analysis, Task statements, KSA statements and the job description are completed, the next step is to search for candidates. A complete recruitment plan identifies vacant positions in an organization that need to be filled so that so that an adequate job advertisement can be created and placed appropriately for a specific period of time. Most recruitment plans include searching both internally and externally from the organization. When organizations choose the right people for the job, these people are not only great performers with their job, but also tend to stay with the organization longer. Selection method                      The key to the selection process is to choose a strategy for screening candidates that will allow an organization to view the most qualified candidates for the vacant position. Employee selection process usually entails reviewing, screening, interviewing, testing then selecting the best available candidates for theavailable position. Organizations also make use of many outside agencies when completing the selection process. Drug screening and reference checks are often done by a third party. Many companies are beginning to incorporate assessment tests and activities into the selection process to insure additional training is not necessary for potential candidates. A selection method chosen by the organization should allow the selection panel of a company to pick the candidate that is most suited to fill the vacant position. Performance evaluation                      A performance evaluation is a review and discussion of an employee’s performance of assigned duties and responsibilities. Performance evaluations need to be in place to support decisions made by management and the HR department. The appraisal is based on results obtained by the employee in their job. These evaluations can also be used to teach as they may show areas that need improvement as well as provide backup for recognition of a job well done. It measures skills and accomplishments with reasonable accuracy and uniformity.The performance evaluations need to be structured and performed in a timely manner as well and managers need to be trained appropriately has to how to conduct these evaluations. Compensation plan                      Compensation is a systematic approach to proving monetary value to employees in exchange for work performed.Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction. Job analysis can be used in compensation to identify or determine skill levels, compensable job factors, fiscal and supervisory responsibilities and required level of education which is related to salary level. Job descriptions are used as a tool for determining salary ranges.Many people associate compensation with money but when looking for a job, many compensation packages are designed with a package of products in mind. Due to the fact that compensation isn’t just about the dollar figure, compensation packages need to be discussed in great detail when hiring new employees.Overall compensation strategies have to be designed to meet the overall objectives of the organization. Would you change anything in your process at this point? No I wouldn’t change anything. This is because of the following reasons: I don’t think that I would change anything about my paper because I did do extensive research on a HR Receptionist position to determining the skills, qualifications and experience needed for this type of positions. There is a legal need to do a job analysis. Employers who wish to demonstrate that their selection processes are valid will need to start with the job analysis. There are also management reasons for doing the analysis. It yields an improved process for obtaining, retaining and managing organization’s work. Job description communicates the organization’s expectations to its employees. Conclusion                      In conclusion, we have discussed the importance of the job analysis process which includes task statement, KSA statement and job description. Job analysis is the procedure used to determine tasks, duties and responsibilities of each job, and identify knowledge, skills and abilities appropriate to perform the job.The job analysis process can render positive outcomes like increased profits, employee retention and reaching overall organizational goals when implemented successfully within an organization. We have also discussed importance of human resource department’s ability to recruit, select candidates appropriately and continue ongoing performance evaluations with the organization’s employees.An organization cannot build a good team of working professionals without good Human Resources. The key functions of the Human Resources Management team include recruiting people, training them, performance appraisals, motivating employees as well as workplace communication, workplace safety, and much more. As you can see, human resource plays a very big role in the foundation of an organization. Literature review on compensation                      Compensation can be defined as any rewards obtained by employees in return for their labor. Compensation can be divided into three aspects, that is; direct financial compensation, indirect financial compensation and non-financial compensation. Direct financial compensation consists of pay received in the form of wages, salaries, bonuses and commissions provided at regular intervals. Indirect financial compensation includes all financial rewards which are not included in direct compensation, and form part of the social contract between the employer and employee such as benefits, leaves, retirement plans, education and employee services. Non financial compensation refers to topics such as career development and advancement opportunities, opportunities for recognition as well as work environment and conditions. As much as many employees focus on direct financial compensation, it is the non-financial rewards that are more effective in the long term employee engagement. Job position covers the various duties such as interesting duties and responsibilities, autonomy, challenges, authority feeling of achievement, advancement opportunities and opportunities for recognition. Work environment focuses on; competent supervision, fun and effective co-workers, flexible scheduling, modified retirement and fair and consistent practices and policies. Scholarly review                      Levels of firms’ productivity widely depend on good compensation strategies. In small businesses, coordination between general resource management practices lacked, hence, diminished productivity levels. Besides, personnel related problems are arising as a result of unclear, outlined policies on human resource management and compensation in small businesses. Inadequate and inefficient management of human resources often adversely affects employee’s perception of equity, resulting in dissatisfaction, inadequate motivation, higher turnover and lower productivity (Tate, et al, 1982). Unlike small businesses, large businesses rely on a well organized, formal personnel development to ensure effective human resource management. There are various policies that aid in proper human resource management and increment of productivity levels. These policies are based on both wage payment and other fringe benefits. In order for these policies to effectively work, one need to enact proper maintenance practices which include; appropriate induction of an employee, conducting performances review, providing employee service and instituting governance. However, the surveys were done to come to a conclusion on the gap that was observed between ‘what could be’ and ‘what was’ (in terms of professional human resource management) might be caused by at least four factors; a lack of formal personnel management training, a lack of perception on the part of decision makers that productivity is improved by use of generally accepted human resource management practices, a lack of incentive because employers are family members or an inability to use human resource management practices effectively because of size and monetary constraints. Compensation can also be achieved through recognition of personnel. Recognition of personnel is done by considering the following; the length of service, above and beyond program, peer to peer, retirements and sales. Rewarding of the recognized personnel is done through; certification and or plaques, cash gifts, certification and company logo merchandise. Recognition is meant to; salute years of service, create a positive work environment, encourage high performance, foster a culture of recognition and raise personnel morale. Not all gestures succeed. Celebrating employees can also backfire, as far as the research conducted by Business Scholars at Harvard Business School. There were two reasons that emerged; first, â€Å"employees strategically gave the program improving timelines only when eligible for the reward, and call in sick to retain eligibility,† scholars explain. Secondly, â€Å"employees with perfect pre-program attendance or high productivity suffered 6.8% productivity decrease after program introduction, suggesting they were de-motivated by awards for good behavior they already exhibited.† Compensation related issues have called for relevant compensation plans and decisions in order to cater equally for personnel. There are various decisions that human resource management makes concerning compensation as highlighted below; Compensation decisions are essential in compensation strategies. Compensation of personnel depends on the market position (level of pay relative to competitors), internal versus external orientation, hierarchy (the pay structure and the basic-job versus skills-for the pay structure reward mix, and the basis of research performance versus seniority, groups versus individual and criteria used) (Lawler 1981). These are issues that determine decision of salary increment. Increasing list of decisions has raised doubts about the efficacy of a strategic perspective. It brings to mind the multiple facts of job satisfaction that made the constraint more complex than originally conceived (Heneman, 1985), hence, t is necessary to differentiate decision which are strategic from those that are not. Compensation decision making widely depends on the strategic policies as highlighted below; Competitiveness, whose degrees vary among various organizations and among occupations within them, from a strategic perspective, competitiveness refers to positioning a firm’s compensation relative to its competitors (Belcher, et al, 1987). It deals with total return trade off decision. Internal structure- the internal pay structure is a fundamental policy that requires strategic decisions. Typically it refers to the distribution of rates or internal pay differentials. (Simon, et al, 1987.) Decisions involved depend on the issue of pay, equity and slope of the hierarchies. Forms of pay- this is another policy that pertains the forms of the mix of various elements of total compensation (Heneman, et al, 1973). Decisions include the number of forms to offer, the degree to which each is contingent to employees maintaining their membership in the organization like entitlement, or performance like incentives, relative importance of each form and the proportion of the workforce eligible for each firm. Basis for increase-decisions based on the strategic policies involved in granting pay increase are also involved; they range from an emphasis on short versus long term incentives (Caroll, et al, 1987). Role in the human resource strategy- description of firm’s human resources strategies plays a very important role in decision making (Dyer, 1985). Administrative style- this process is used to administer compensation decision also referred to as strategic properties. It deals with issues such as employee participation, communication centralization and dispute resolutions mechanisms. Compensation planning and administration has various challenges which require efficient decision making criteria. These compensation related decisions are formulated to do away with disputes that may result from pre hiring pay, ongoing employment, legal compliance, equal pay out and fair labor standards acts. Conclusion                      From what we have seen in the scholarly articles, for one to improve business productivity, it is essential to have relevant compensation strategies to provide guidelines on personnel compensation. Many small businesses are characterized by inadequate and insufficient management of human resources which tend to affect employee’s perception of equity, resulting to dissatisfaction, inadequate motivation and lower productivity, hence, proper human resource management strategies are essential in building a well organized, formal, personnel department to ensure high productivity levels. Compensation can also be achieved through proper recognition of personnel by considering different aspects as highlighted in the articles above. Recognition is essential as it fosters work environment and also encourages high performance through appraisal of morale among the staff. In order to come up to a proper compensation plan, the human resource department needs to formulate clear policies and procedures to follow. These policies aid in decision making regarding various compensation incentives to personnel or employees. These decisions involve financial compensation which is in form of wages, salaries, bonuses and commissions, leaves, retirement plans and other employee services; non financial compensation decision on job positions and working environment related factors. In short, it is essential for a good human resource management to have relevant policies which are essential in identifying when and how to compensate personnel properly. References Amba-Rao, S. C. & Pendse, D. (1985). Human Resource Compensation and Maintenance Practices. American Journal of Small Business, 10(2), 19-29. Belcher, D., & Atchison, T. (1987). Compensation administration (2nd ed.). Englewood Cliffs, N.J.: Prentice-Hall. Caroll S. (1987). Business strategies and Compensation Systems. In D.B Balkin &L.R. Gomez Mgia, New Perspectives in Compensation, Pp 343- 355, Prentice Hall. Ellig, B. R. (1981), Compensation Elements: Market Phase Determines the Mix. Compensation Review. Third Quarter, 30-38. Freedman, S. (1978). Some Determinants of Compensation Decisions. Academy of Management Journal, 397-409. Heneman, H. G. (1985), Pay Satisfaction in K. M. Rowland & G. R. Ferns (eds), Research in Personnel and Human Resource Management, vol 3, p 115-139. Lawler, E. E., III. 1981. Pay and organizational development. Reading, Mass.: AddisonWesley. Simon, H. (1950). Public administration. New York: Knopf. Tate, J. 1957. Suggestions toward a reformulation of wage theory. Reprinted in Mahoney,1979. Thompson, K. (2014). Honoring Employees is Good Business. Phi Kappa Phi Forum, 94(2), 26. Source document

Essay on Yes Please

Essay on Yes Please Essay on Yes Please Sony Corporation of America, located in New York, NY, is the US headquarters of Sony Corporation, based in Tokyo, Japan was founded in 1964. Sony's principal US businesses include Sony Electronics incorporated,, sony Mobile Communications USA incorporated, Sony Computer Entertainment America LLC, Sony network entertainment incorporated, Sony Pictures Entertainment incorporated, Sony Music Entertainment, Sony dash ATV music publishing LLC, and Sony Online Entertainment LLC. with some 900 millionbSony devices in hands and homes worldwide today, a vast array of Sony movies, television shows and music, and the PlayStation Network and the Sony Entertainment Network, Sony create some delivers more in 15 minutes Berrien says to people than anyone else on earth. Sony is a company that inspires and Cecil's curiosity, and who's vision is to use the unlimited passion for technology, content and services to the liver groundbreaking excitement and entertainment. With honesty and integrity Sony s trive to create things for every kind of imagination in doing so, the company will continue to expand an emerging markets, develop new businesses and a separate innovation, all to generate new value for investors and new experiences for consumers. Top three competitors for Sony Electronics, INC. are Panasonic Corporation of North America, Philips Electronics North America Corporation, and SANYO North America Corporation. The comapny that was to become Panasonic started in 1918. Panasonic Corporation of North America is based in Secaucus, NJ, is the principal North American subsidiary of Osaka, Japan-based Panasonic Corporation and the hub of its branding, marketing, sales, service, product development in the U.S. and Canada. For more than 50 years, panasonic has the delighted American consumers with innovations for home and business. Panasonic consumer electronics and technology products range from award winning VIERA High Definition Plasma and LCD TVs and LUMIX Digital Cameras. Philips Electronics North America was founded in 1981. Philips has got everything you need from an early-morning shave to a late night TV fix. The US on arm of Dutch company Royal