Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

The Terms of Employees Payment - Assignment Example

Comments (0) Cite this document
The following paper entitled 'The Terms of Employees’ Payment' presents the existing pay and reward package of engineers in the specific organization that has been developed through negotiations between the employer and the engineers’ union five years ago…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.8% of users find it useful
The Terms of Employees Payment
Read Text Preview

Extract of sample "The Terms of Employees Payment"

Download file to see previous pages The terms of employees’ payment within each organization have to be based on specific criteria: emphasis needs to be given on equality among employees so that conflicts in the internal organizational environment are avoided (Laffont and Tirole 1993). In the case of pay and reward pay package of engineers a significant dilemma appears: is this package fair, taking into consideration the changes developed in the organization since its introduction? The answer should be negative. The specific view can be justified through the following argument: the visits of engineers to the depot have been a key part of their position, meaning that their payment would be significantly lower if they were not obliged to visit the depot. In other words, the terms of engineers’ pay and reward have been arranged in this way mostly because engineers had to visit the depot many times each time, a fact that would reduce their free time for making calls to sites. It is for this reason also, that the term for a visit of at least 4 sites and the provision of reward for visiting extra sites was set in the agreement between the employer and the engineers’ union. The above agreement would not be valid today since the working conditions of engineers have been significantly altered so that a key feature of their daily tasks, the need for visiting the depot, has been eliminated. Being considered as valid, the above agreement can lead, in the short or the long term, to severe turbulences within the organization, at the level that other employees have not been favored from similar advances in their daily tasks.
From another point of view, the current pay and reward package of employees leads to another concern: the employer had suggested such a package on the terms that the daily calls of engineers to sites could not be over a particular number. This means that having to visit the depot on a daily basis, engineers could not visit many sites each day; for this reason, 4 sites have been set as the basis for their payment and any extra site was set as a term for the bonus.  ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
(The Terms of Employees Payment Assignment Example | Topics and Well Written Essays - 2000 words, n.d.)
The Terms of Employees Payment Assignment Example | Topics and Well Written Essays - 2000 words. Retrieved from
(The Terms of Employees Payment Assignment Example | Topics and Well Written Essays - 2000 Words)
The Terms of Employees Payment Assignment Example | Topics and Well Written Essays - 2000 Words.
“The Terms of Employees Payment Assignment Example | Topics and Well Written Essays - 2000 Words”.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Terms of Employees Payment

E-Commerce Payment Methods

Continuous studies reveal that offering alternative methods of paying increase sales because of the fact that, the several options of payment offered by an electronic store increases the likelihood for customers to find a mode that suits them best when making a purchase online. This paper will take a research that expounds on electronic commerce payment methods and their affluence on today’s world.
Bill Me Later
Different people have different views regarding some methods of settling debts. Likely, as a shopper, you have used several of the most popular methods of payment . However, when it comes to setting up a Web shop, exactly what does storekeeper require in order providing a choice of modes of payments to his custome...
9 Pages (2250 words) Research Paper

E-Payment Systems Assignemnt

...?E- Payment System Executive summary With the rapid development of networking technologies during the early 1990’s human being witnessed the commercialization of internet and massive growth in the field of electronic commerce (E-commerce). Organizations across the globe are incorporating internet into their system in order to gain competitive advantage and to create a core competency. Majority of the early adapters got hugely benefitted for its inclusion. Earlier E-commerce was considered to be a core competency for the organizations however at present it has been a necessity in order to survive in the market place. The report will highlight on the different existing methods of online payment and will try to explain the pros and cons...
5 Pages (1250 words) Assignment

Episode-based payment recommandation

... care system. They reason that from this system, coordination in service delivery and resource utilization is interfered with hence resulting to the en-mass wastages and the rise in insurance premiums and other related charges. Many models of service provision and payments have been devised over years. Key in these models is the FFS (Fee For Service), capitation as well as the bundles/episode type of payments. However, each has had its own short comings in terms of overall efficiency in costs and quality service provision (Keckley, Underwood and Frink 7-10). The bundle or episode based payment stands analytically promising than the previous systems. It entails summation of all costs in treatment of a certain condition through a defined time...
3 Pages (750 words) Research Paper

Payment systems

... functions and responsibilities: monetary policy, banking supervision and payment systems. 5 Andrew Crockett (1998, p. 4) realizes that "payment systems were not only a technical matter but also went to the very heart of central bank policy concerns." Jacques' Theory of "Fair Payment System" In his book "Equitable Payment", Jacque proposed a universal theory of "fair payment for work." 6 Two concepts constitute the backbone of the theory. One is the felt-fair payment for work representing the wage perceived by the employees participating in the research to be fair for the work. (Dornstein, 1991) The second concept is the level of work performed by the participants measured in terms of time span of discretion. The time span...
4 Pages (1000 words) Essay

Additional pages payment

...FINDINGS The questionnaire was clearly subdivided according to the channels of non-verbal communication, to wit: facial expressions, the clues in our voices ("vocal paralanguage"), hand gestures, body movements ("kinesics"), touch ("haptics"), and personal space. From the abovementioned channels, both Australians and Indonesians predominantly share the same manifestations of nonverbal expressions on facial expressions (winking, staring, smiling, demonstration of feelings), vocal paralanguage, touch and concept of time and distance; except on the following areas: Facial Expression – Glance: The respondents composed of 20 Australians and 20 Indonesians differ in perception of this non verbal expression. Australians look... The questionnaire...
2 Pages (500 words) Essay

B plan - additional payment

...To, Dear Ms............ RE: Mortgage Application In reference to our previous communication, I am now enclosing a revisedcopy of the financial projections. The earlier projections have been modified to reflect realistic estimates based on new information from the market. Moreover, many of the adjustments have been made depending on the identification of viable or cheaper alternatives to earlier solutions and have therefore been included to reflect better objectivity in the performance of the business. Some of the key areas where modifications have been undertaken include insurance expenses where the weekly estimate has been reduced by €2 due to the availability of a cheaper insurance policy. Expenses incurred... Dear Ms............ RE:...
8 Pages (2000 words) Outline

Methods of Payment

...Methods of Payment Describe each of the following methods of payment made to healthcare providers. Provide a 150-word for each method. The healthcare conditions of the populace have always been the concern of all governments; past and present. For this reason, there are always reviews of the healthcare system to ensure that the people of the nation have what is expected when it comes to the provision of quality health. One of the healthcare reviews have led to the introduction of the healthcare payment system. In this paper, five (5) major methods of payments to healthcare providers shall be critically analyzed in terms of what they represent, impact of the methods on organization’s financial viability, what the methods favor...
3 Pages (750 words) Essay

Payment plan

...Payment Plan Payment Plan Multi Fibre Agreements (MFA) is a set of guidelines drawn up to govern the trade, in textiles and garments in the world. It was designed to help countries cope with cheap textile imports by imposing quotas on exports. It helped developing countries deal with the competition posed by textile imports from developed countries. This plan aims to highlight the functioning of MFA and its economic consequences. Multi Fibre Agreements were set up approximately 30 years ago, and in the last decade there had been attempts to do away with it and the culmination of this was on 1st January 2005 when it was finally abolished. MFA worked by creating quotas that restricted the competition posed by imports irrespective...
2 Pages (500 words) Essay


...Philosophy, Ethics, Management, and Law Affiliation The terms used in management ethics and law have been confusing to many students. They need proper definition in so as to understand. It will help the student in understanding the course itself and conceptualizing what the course involves; Allegation – It is an accusation from one person to another in elaboration why the accuser thinks the one party is guilty of breaching the law. An employee may allege that one of his colleagues sent an offensive email to the management. It can either be a true allegation or false. It should be investigated to find facts before passing judgment. For example Cool Sweats can refute the allegation by showing that George violated the company rules...
1 Pages (250 words) Essay

Introduction of the Euro and the European Constitution in Terms of Framework, Authority, and Aspirations

...Discuss the introduction of the Euro & the European Constitution in terms of framework, ity & aspirations Like all other world bodies, there was a need to bring all the European nations to a single platform. This was all the more needed because the rulers of the respective nations wanted their own particular identity and this brings us to the question that if they needed such an identity what was the need of having European Union (EU)? They could have easily made a body comprising of two or for that matter three countries and enacted their own policies and gone about it in the long run but bringing all the European nations together to a single platform only means that there was a courteous move behind the very same... the introduction of the...
10 Pages (2500 words) Term Paper

Extra Payment of 1000 Pounds

... agreed to perform the service for a given sum of money, therefore their additional demand is akin to a collateral contract. According to Collins2, the law of contract seeks to achieve justice in the market and will therefore be regulated more by the element of fairness of a transaction rather than the freedom of the parties to enter into any terms they like. Therefore, in assessing the transaction, the Courts will examine whether it is fair to both parties, and in this case, despite Phoenix having paid up the extra 1000 pounds, the transaction is not fair to it, nor does the demand for extra payment after contracting satisfy the reasonable expectations of honest businessmen. In the case of DeLassale v Guildford3 a contract was signed...
11 Pages (2750 words) Case Study

The Motivation of Employees

This paper mainly focuses on the impact of managers and leaders on employee’s motivation.
Many researchers have found that in spite of any theory of employee motivation, the high motivation among them invariably depends on interesting work, pay, good working conditions, the appreciation that they receive from their superiors, and job security. These factors are important factors in helping to motivate employees (, 2002). When we look at the advantages of employee it can be pointed out that motivational and inspirational experiences in their organizational life improve employee's attitudes, confidence, and performance. Managers and leaders are expected to have exceptionally good leadership qualities and good peop...
7 Pages (1750 words) Assignment

The Induction and Socialization of New Employees

Also, a sense of empathy seems to exist in the best organizations around the world since they think both from the organizational perspective as well as from the side of the employees who are going to give in their best and thus benefit the organization in the long run, not to forget do themselves a favor in terms of their future growth and exposure levels. However, all this is easier said than done since the problems do arise from time to time and it is significant that both the organization and the employee understand that they have to co-exist for the betterment of each other. No one of these two entities could exist in a vacuum and thus it is of paramount importance to understand the very same. The end results would be in terms...
10 Pages (2500 words) Assignment

The Apparent Lack of Motivation and Growing Anomie Among the Employees

Even without taking into account those respondents who have offered a neither-positive, neither-negative rating, the results show that almost half of the sample surveyed has ranked their enjoyment at work unfavorably.
The second variable tests whether the employee enjoys working on his or her particular shift. On this variable, 3 respondents offer no response, but 24 out of 75 employees give this a positive or very positive rating, which equates to 32% of the sample. 36 respondents have however ranked this variable as negative or very negative, which equates to 48% of the sample. Yet again, this variable is unfavorable for almost half the sample, which indicates that most employees are not happy with the shift they are workin...
9 Pages (2250 words) Case Study

The Key to Motivating Centers' Employees

The reasons for working are as individual as the person. But, we all work because we obtain something that we need from work. That something obtained from work impacts morale, employee motivation, and the quality of life. To create positive employee motivation, treat employees as if they matter because of employees' matter. Whatever the employee’s personal reason is for working, the bottom line, however, is that almost everyone works for money? Whatever you call it: compensation, salary, bonuses, benefits or remuneration, money pays the bills. Money provides housing, gives children clothing and food, sends teens to college, and allows leisure activities, and eventually, retirement. To underplay the importance of money and be...
7 Pages (1750 words) Case Study

The Organizations Requirement for Employees

The Employment Rights Act also provides for redundancy as one of the fair reasons for dismissal. Therefore Border Builders has the right to legally dismiss its employees on grounds of redundancy and it is possible that Margaret’s dismissal may qualify as a legal dismissal under the Employment Rights Act.
The test for redundancy was first set out by the Courts in the case of Safeway v Burrell3, wherein a three-stage procedure was set out as follows: (a) was the employee dismissed? (b) whether the organization’s requirement for employees to carry out such work has diminished? and (c) whether such diminution of work is the reason for dismissal? Therefore, this case laid out a simple factual analysis as the correct ap...
11 Pages (2750 words) Case Study

Gross Domestic Product and the Nations Competency in Terms of Economic Welfare

It is often used to compare the economic performance to aid as a prediction tool and to analyze the business cycles and the recessive and expansive economic performances within them. This further aid economic and fiscal policy formulation of the government and is also used to analyze the consumer behavior and the economic phenomena involved. (Heakal, R. 2008).These figures can be a benchmark to compare economies of different nations and the economic prediction process is also made possible.

A usual pattern of assessing the Gross Domestic Product is to have an initial GDP report on every quarter which is an advance report. Two corrective reports follow this before the final figures on GDP are arrived at. It usually takes...
7 Pages (1750 words) Report

Impact of Motivational Factors upon Employees at Bank AlFalah and Standard Chartered Pakistan

The impacts of these policies upon the employees of the banks will be studied with the help of the responses of the employees of both of the banks. The proposed research study will present the case studies of these two banks by employing a qualitative research approach. The data and information for the study will be collected through secondary and primary resources i.e. through literature review and in-depth interviews of the employees of both the banks. The study will help in the identification of the major strengths and weaknesses present in the motivational policies of these banks and will allow proposing the formulation of improved policies.

Motivation basically refers to satisfying one’s needs through differe...
14 Pages (3500 words) Research Proposal

E-Payment Systems

The Internet is as well-positioned as one of the most excellent business tools nowadays. Approximately the entire households have the facility of the Internet; but previous to people attach to the net, they require being aware of its advantages and disadvantages. This technology-based transform has changed the way business cash transactions. Now we have internet banking, mobile cash transfer, and other ways of online case and payment. The internet is growing as the most important technology area for electronic commerce. Equally essential, Internet technology is being more and more functional to smooth the advancement of the management of the rest of the business publishing employee personnel policies and strategies, analyzing acco...
10 Pages (2500 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic The Terms of Employees Payment for FREE!

Contact Us