Consideration when building market-competitve compensation system Essay Example for Free

Consideration when building market-competitve compensation system Essay Discuss and explain the considerations when building market-competitive compensation systems. A company that strives to be competitive in whatever market they belong to will always look for strategic and competitive advantages. Building a market-competitive compensation system is the first step needed to attract, retain, and promote high performing individuals who will help a company reach and maintain that edge over competitors, so it is imperative to get it right the first time: offer compensation that is far above the median wage and the company must lower its bottom line, leaving it less money to reinvest, pay stockholders, etc. Offer too low a compensation package and the company will not be able to attract the high performers it is looking for to drive the competitive advantages further. To build a market-competitive pay system a company must: Conduct Strategic Analyses When a company conducts a strategic analysis of both the external market (industry profile, competitor information, long-term growth prospects) and internal factors (functional capabilities, financial situation) it is looking for the parameters or the limits that it can perform and grow with (Martocchio 146) . Assess competitor’s pay practices with compensation surveys The textbook goes into depth the factors surrounding compensation surveys, much of which are better explained in a statistics class. It is understandably difficult for a company to develop an internal custom compensation survey, as training personnel who have never done this is difficult, not the mention a company’s competition is understandably resistant to releasing pay numbers to rivals! Published surveys do exist, however, and consulting firms are there, depending on the industry. The most important strategic considerations to develop in a survey are determining the releva nt job market and choosing benchmark jobs within that market (150). Integrate internal job structure with external market pay rates – Using regression analysis, which â€Å"describes the linear relationship between two variables (i.e. simple regression) or between the linear composite of multiple variables and one other variable (i.e. multiple regression)† (380). In simpler terms, it is finding the sweet spot for the company pay based on external markets and what they pay and factors internal  to the company (relevant work experience, job value, etc). Determine compensation policies – A Company has three pay level policies to choose from: market lead, market lag, or market match. A market lead policy â€Å"leads† the way, establishing a pay which is higher than market trends but may result in reduced profits. This is, however, what a company may want to do to differentiate itself from the competition. Market lag policy has a company compensating employees less than the average. This is best suited to a lowest-cost strate gy and the claim can be made that those low costs are passed to the clients or consumers. Market match policy ensures the company is compensating its personnel the same as current market trends. It is a safe way to go but does little to help a company distinguish itself from competitors, but if it fits within the strategic goals of a company it is the way to go. Works Cited Martocchio, Joseph J. Strategic Compensation: A Human Resource Management Approach 7th Edition. Upper Saddle River: Pearson, 2013.

Black is Beautiful in Shakespeares Sonnets and Astrophil and Stella Es

Black is Beautiful in Shakespeare's Sonnets and Sidney's Astrophil and Stella    Germinating in anonymous Middle English lyrics, the subversion of the classical poetic representation of feminine beauty as fair-haired and blue-eyed took on new meaning in the age of exploration under sonneteers Sidney and Shakespeare. No longer did the brown hair of "Alison" only serve to distinguish her from the pack; the features of the new "Dark Lady" became more pronounced and sullied, and her eroticized associations with the foreignness of the New World grew more explicit through conceits of colonization. However, the evolving dichotomy between fairness and darkness was not quite so revolutionary; in fact, Sidney and Shakespeare lauded the virtues of fairness with the same degree of passion as their predecessors, albeit in a cloaked form. To counter their mistresses' exterior darkness, the poets locate an interior lightness that radiates beyond the funereal veil of hair or eyes†¹raven-hair or jet-eyes is acceptable only if there is an innate brightness that illuminates th e sensuality of the superficial.    Most of the poems addressing the light/dark antithesis choose at some point to make an open declaration that embraces or undermines the dichotomy and lays the groundwork for the rest of the poem. The dichotomous lines tend not to be as straightforward as they suggest. "I can love both fair and brown," from John Donne's "The Indifferent," seems to blur the line between the colors, but by revealing the gracious equanimity of his desire, Donne implicitly reinforces brown's aesthetic inferiority. Shakespeare parodies the antiquated contrarieties, which he acknowledges in Sonnet 127: "In the old age, black was not counted fair" (1). In... ...line "But being both from me" as the couple's being "away from" the speaker, the line can also imply that the two inhabit his mind (11). With this reading, "To win me soon to hell, my female evil/ Tempteth my better angel from my side" means not that the Dark Lady will cast Shakespeare into misery through her upsetting the triangle, but that her power will shift Shakespeare's mind to the dark side. Her temptation is filled with reference to dirtiness of sin: "And would corrupt my saint to be a devil,/ Wooing his purity with her foul pride" (7-8). "Proud flesh" is the swollen flesh surrounding a wound; thus her "foul pride" may be a pun on her genitalia. The eroticization of her darkness is a salient pointer towards the fascination the poets hold toward darkness; beneath that impure exterior lies a devilish promiscuity unlike that of all the other fair-haired maidens.

Yoko ono louisiana

She was also married to John Lennon until he passed away! As her 80th birthday approached this year, she presented her most diverse and extensive range of oeuvres including 200 objects, films, music, photographs, poems, etc. at at Louisiana. Her works are not only within art, but also performance, music, peace and feminist movements – she's equally talented in all of them. The exhibition, which is the greatest one she has ever had in Europe up until now ncluded some of her most recent works as well as some of her earliest ones.It reflected how important her oeuvres have been to the development of contemporary art on a global scale. The essential elements of her oeuvres are not only objects but also ideas that she transmits through verbal instructions. Consequently she builds an interesting relationship with her viewers. She is the initiator and gives viewers an active role inviting them to use these instructions to interact in the creative process of her works if they are perf ormable, or gives them food for thought if they are utopian.The thematic range of these ideas is enormous as they can be poetic, crazy, clever, social criticisms and involve subtle sense of humour. At Louisiana she invited her visitors to â€Å"Watch the sun until it becomes square† and create a painting on a transparent plastic surface using water drops and a sponge. She also invites everyone to write a wish and hang it on the â€Å"Wish Tree† – Everyone's wishes will be collected and sent to her â€Å"Imagine Peace Tower† in Reykjavik where millions of wishes from across the world are saved.I must admit some of her works almost provoked reactions such as â€Å"Is she serious? † and â€Å"This is a Joke† sometimes – but art is art, and often comes in rather rare forms that play with our minds. She is unique in her own ways and her works are strongly One area played her music ranging back to songs, videos, concert recordings and poste rs from when she first met Lennon until her last remix album mies, I'm a Witch† released in 2007 – I find it quite astonishing that she is as active as she is considering her age – Good Asian genetics I guess.Yoko mentions herself that exhibiting at Louisiana was a must in life to consider herself a â€Å"made† artist, which is one of the main reasons her exhibition here was so unique and special. One of her major architectural installations â€Å"En Trance† was there, which hadn't been seen for years. It consists of a wall with six different entrance options that lead to different experiences such as crawling under/through different structures, seeing yourself hundreds of times in a mirror and even watching a woman fall quite ridiculously while attempting to get through one of the entrances.

Financial Report on Abans Electrical PLC - Free Essay Example

Sample details Pages: 5 Words: 1465 Downloads: 2 Date added: 2017/06/26 Category Finance Essay Level High school Did you like this example? Table of Contents 1.Executive summary 2.Abbreviations included in the Report 3. Sri Lanka Electricals Industry at Overview 4. Introduction of Abans Electricals PLC 5. Profitability Analysis 6.Efficiency / Underwriting Analysis 7.Solvency Analysis 8.Market Base Ratio Analysis 9.Recommendations and Conclusion 10. Reference 11.Annexures Executive summary Public listed companies prepare and present their annual reports included of the financial statements in order to persuade the diversified information and regulatory requirements of different stakeholders and you can divide the into two user groups (The Investor group / Preference share holders), The Investor group look for mainly in a financial statement is Profitability ( especially future profitability ), management efficiency ( effective utilization of assets ), Return on Investment-ROI (Within the firm / Alternatives), Risk taken ( Financial risks and business risk), Return to owners (Dividends/Drawings) and the Preference share holders look for mainly Future profitability, Net realization value of assets and extent to which dividends are covered by profit, This reports analyses the reported performance of the market leader of the Sri Lankan Electricals Industry, Abans Electricals PLC covering the profitability, efficiency, solvency and market based ratios. The report ha s been prepared highlighting the fact that the above aspects of an electrical company are being measured and evaluated using industry specific measures where applicable, which are not common to other industries. Recommendations have been made for improvement based on the analysis, in the areas which has room for improvement and better performance. Don’t waste time! Our writers will create an original "Financial Report on Abans Electrical PLC" essay for you Create order 2. Abbreviations Included in the report Sri Lanka Ports Authority market Intelligence report Abans Electricals PLC ROE à ¢Ã¢â€š ¬Ã¢â‚¬Å" Return on Equity (Profit) ROA à ¢Ã¢â€š ¬Ã¢â‚¬Å" Return on Assets ROR à ¢Ã¢â€š ¬Ã¢â‚¬Å" Return on Revenue EPS à ¢Ã¢â€š ¬Ã¢â‚¬Å" Earnings per share 3. Sri Lanka Electricals Industry at a Overview Sri Lanka Ports Authority market Intelligence report as below given report there are mainly 9 key electricalcompany dominating the market, as per the two of companies are registered members of Chamber of commerce Sri lanka Import section and main two significant players are given in below chat hold 75% share of the total market, with government tax of imported electronics goods revision to embark of the vision of Sri lanaka current government president vision make Sri lanka also like Dubai, Singapore, Hong kong a hub for duty free and duty paid competitive electronic goods seller to attract tourism industry, Industry Player as 2013 CATEGORY CONSIGNEE CONTAINERS ELECTRICAL GOODS IMPORTERS ABANS ELECTRICALS PLC 2534 SINGER SRI LANKA PLC 1219 UNI WALKERS LTD,,,,. 443 EVEREST INDL LANKA CO LTD 161 RICH WORLD INTL. 151 TELESONIC LANKA, 148 SINGHAGIRI PVT LTD 147 DAMRO ELECTRONICS PVT LTD. 140 4. Introduction of Abans Electricals PLC Incorporated in 1981, Abans PLC is the vital trading arm of the Abans Group, representing world famous brands of electric and electronic home appliances, crockery and cookware, sanitary and light fittings and a host of other household items that make Sri Lankan peoples lives easier and better,Abans PLC have a network of over 230 showrooms throughout Sri Lanka with their main showrooms located in three floors of their group head office on the main thoroughfare in the heart of the Colombo City, with 14 more elite showrooms in Liberty Plaza, Rajagiriya, Mt Lavinia, Welisara, Dehiwala, Katunayaka, Anuradhapura, Peliyagoda, Malabe, Maharagama, Kalutara, Kandy etc. Abans also have more than 400 authorized dealers representing them in the remotest rural areas bringing their products within reach of each family and every household in the country. All products sold by Abans carry a trusted guarantee of quality and reliable after sales service. 5. Profitability Analysis Profitability analysis is very important for management and the investors as it gives an indication whether the company has performed up to the expectations and whether to invest in a companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s stocks. According to Abans Electrical PLC annual report the share holder and investor information profitability measure on selling of goods compare to previous year, It clear shows a growth on sales 2013/2012 compare to 2011/2012 grown by 13% and The profit however, increase by over 97%, Source: Statement of Comprehensive Income For the Year Ended 31st March 2013 Source: Statement of Comprehensive Income For the Year Ended 31st March 2013 5.1 ROR This is the profit after deducting all expenses and taxes, which determines the profitability of the company. ROR = Net Operating Income / Total Revenues For Year 2013 = 128, 301, 134 / 2892, 337,763 = 4.4% For Year 2012 =62390871 / 2546,449, 683 = 2.4 % Accordingly the company has increase ità ¢Ã¢â€š ¬Ã¢â€ž ¢s ROR 2% during the year increasing profitability. 5.2 ROE à ¢Ã¢â€š ¬Ã¢â‚¬Å" This showcase the net profits that are earned and returned to equity shareholders. ROE = (Net Operating Income ( less preferred stock dividends / Average common equity ) For year 2013 = 128,301,134- 0 / 551, 054920 = 23% For year 2012 = 62390871 / 429,967, 401 = 14% ROE has been increased by 9% promising higher returns to the shareholders of the company. 5.3 ROA The profitability on existing investment securities and premiums are measured using this ratio. ROA = ( Net Operating Income / Mean Average Assets ) For year 2013 = 128, 301, 134 + 48,086,865 / 198, 845, 7597 = 8.8% For year 2012= 639,0871 + 27046510 / 120 8902, 531 = 7.3 % There is a slight decrease in the ROA due to the rapid increase of assets during the financial year 2013, compare to 2012. 5.4 Share base Earnings à ¢Ã¢â€š ¬Ã¢â‚¬Å" These ratios measures the share based profitability and earnings of the company. The relevant ratios are follows, Source: Statement of Comprehensive Income For the Year Ended 31st March 2013 6. Efficiency / Underwriting Analysis Efficiency Ratio mainly use to aims the access of management efficiency of the business following will few analysis self made to analysis efficiency level of Abans Electrical PLC, 6.1 Debtorsà ¢Ã¢â€š ¬Ã¢â€ž ¢ Turnover = Sales / Debtors For year 2013 = 289,233, 776,3 / 59,588,576 = 48.5 times For year 2012 = 2546,449, 683 / 40196076 = 63.3 times Debtorà ¢Ã¢â€š ¬Ã¢â€ž ¢s collection period = 365 days / Debtors Turn over For year 2013 = 365 days / 48.5 times = 7.5 days For year 2012 = 365 days / 63.3 times = 6 days Abans PLC have been maintain 1 days difference on outstanding collection days compare to 2013/2012, 7. Solvency Analysis Solvency is again another area where industry specific measurement are in place to measure the solvency of industry, solvency is a very important and essential for customer to maintain consistence level of solvency margins and you can define Solvency in two groups one is short term solvency / long term solvency ratios, Abans Electrical PLC short terms Solvency Ratios as follows, Current Ratio = Current Assets / Current Liabilities For 2013 = 1547035 / 1355743 = 1.14 times For 2012 = 951146 / 735746 = 1.29 times Quick Ratio = Share Capital / Current Liabilities For 2013 = 4258800 / 1355743 = 3.14 times For 212 = 122,850, 000/ 735740 = 166 times Abans Electrical PLC Long Term Solvency Ratios as follows, Depth Equity = Total Liabilities / Total Share holdersà ¢Ã¢â€š ¬Ã¢â€ž ¢ equity For 2013 = 1437402 / 551,055 = 2.60 times For 2012 = 778935 / 429,967 = 1.81 times Leverage ratio = Total Assets / Total Share holdersà ¢Ã¢â€š ¬Ã¢â€ž ¢ equity For 20 13 = 1988457 / 551,055 = 3.60 times For 2012 = 1,208, 902 / 429,967 = 2.81 times Compare with short term Solvency Ratios and Long term Solvency Ratios the shows Abans Electrical PLC has been able to maintain very healthy solvency margin, which is 0.79 times an increase compare to previous year. 8. Market base Ratio Analysis Market base ratio Analysis means primary focus on performance and value of the company shares in stock market. Below table represent a comprehensive summary of all market base ratios of Abans Electrical PLC, Given the below table shows a positive growth during the finical year 2011, further we can see Abans Electrical PLC have executing set goalà ¢Ã¢â€š ¬Ã¢â€ž ¢s and strategic objectives are met will attack more and more investors. Source: Statement of Comprehensive Income For the Year Ended 31st March 2013 9. Recommendation and Conclusion Profitability à ¢Ã¢â€š ¬Ã¢â‚¬Å" Abans Electrical PLC shown 14.43 % increase on Earning per Share and Comprehensive income for the year incremental by 61,429,945 which double income compare with previous year, this records company is moving forward solid growth under blue ocean strategy earning supreme profitability, below table explain by recommendation supported by numbers, Source: Statement of Comprehensive Income For the Year Ended 31st March 2013 Market Ranking How to continue the achievement in the coming financial year is due to introduction of new product manufacturing and contribution of the Service Division which has enhanced the share value to stake holders and provided an opportunity to the company for expansion into new lines of manufacture. Despite global and domestic challenges, the company has introduced products of world renowned brands to increase revenue and enhance customer confidence. The management continuously negotiates terms and conditions with suppliers in order to bring down costs and be competitive in pricing while maintaining high standards of quality, this should be key Abans Electrical should maintain to have a edge over competitors Financial risk management However the negative side to notice is the main factors influence the financial risk of the organization links with its credit risk and market risk. Under the market, risk, interest rate risk and exchange rate risk are prominent. Credit risk of the organization has been mitigated with the evaluation of proper credit term for credit worthy customers and obtaining extended credit terms with supplier. The frequent changes in interest rates are negotiated in line with the intended cost of capital of the organization. Exchange rates are managed with proper negotiation and absorbed to cost structure in advance In conclusion Abans Electrical PLC is a comprehensive performance driven company reach supreme profitability to be one step ahead than competito r to strive for market leadership among the local competitors and it should good impression attract new investors / new share holders to delivery greater return on shares purchase. References Abans Group , Profile (2013) available at https://www.abansgroup.com Accessed on 24 May 2014 Annual Report of 2013/2-13 Abans Electrical PLC ( A copy submitted along with the assignment ) 1 | Page