ipl-logo

Bunn Case Study

1342 Words6 Pages

1. Pay structure policy in BUNNI The Standard Policy of payment required in BUNNI: The standard policy of BUNNI for payments has been followed by the NUMMI’s standard policy of payments. The Lawler, Mohrman and Ledford (1995) surveyed Fortune 1000 companies in 1987, 1990, and 1993. Osterman (1994) surveyed a national sample of manufacturing and non-manufacturing establishments in 1992.MacDuffie and Phil (forthcoming) have developed an extensive data set on auto assembly plants in 1989 and 1993. They found automobile companies set their payments policy on four criterion and BUNNI is also following these factors to set their fair policy in payments are: A) The knowledge of employment and taxation laws: customs, cost of living index, environment, employment practices of various countries. B) The knowledge of labor markets and industry norms regarding benefits and compensations. C) The knowledge of foreign exchange rate fluctuations and monitoring rate of inflation or cost of living Index in different countries. D) The knowledge and clear conception about the vision and mission of the company, its corporate philosophy regarding managing human resources, its corporate strategy of growth or stability and strategy of its business units regarding cost, leadership, differentiation and innovation. These standards are …show more content…

Two types of general increases are frequently given within BUNNI. The most common is the cost of living increase. Indeed to say that time erodes an employee’s buying power because of inflation. A measure of this erosion is provided by the law unit and legal aspect in BUNNI. If inflation outpaces pay increases, the employee’s buying power is reduced. For this reason, BUNNI included an inflation percentage in pay increases. This cost of living increase is usually given to all BUNNI whose payments are impacted by the

Show More
Related

  • Pension Plans: GASB Vs. FASB

    740 Words  | 3 Pages

    Pension Plans By Tay’veun Glenn Introduction Pensions are known as a retirement account that most employers maintain to give employees who have stayed with the company a payout upon retirement. Most employers give recipients of pension accounts a choice between a lump-sum payment or monthly annuity payments that are based upon the amount of time that the employee worked and their final salary prior to leaving the company. There are different types of pension plans and the use of each one is dependent on the employer. The Governmental Accounting Standards Board and Financial Accounting Standards Board both have to report pensions and have designated different ways to account for it.

    Read More

  • Marx And Mussolini: The Manifesto Of The Feudal System

    705 Words  | 3 Pages

    When money and profits are the most significant in the capitalist society, the employers treated their workers poorly, such as excessive working hours and received lower wages. The exploitation of

    Read More

  • External Factors Of Chick-Fil-A

    1130 Words  | 5 Pages

    Just like any other organization, chick-fil-A is greatly affected by the external environment of the business. Often, the external environment is made up of all outside factors and influences that affect the way an organization conducts its daily operation. It is worth noting that an organization has no influence over its external factors and thus, it has to re-engineer and redefine its process, products and services to work under the influence of the external environment. Below are some of the external factors that affect Chick-fil-A. Consumer income Consumer income is in the wider field of economic factors that affect the sales level of the enterprise. Consumers with high income are likely to possess the power and the ability to purchase products from the company in large quantities.

    Read More

  • An Analysis Of Andrew Delbanco's Essay 'Making It In America'

    1388 Words  | 6 Pages

    FOr this to change, companies need to be less greedy. Factory workers should be paid more with productivity growth and universities should make the tuition more

    Read More

  • 2000 Dbq Essay

    489 Words  | 2 Pages

    Furthermore, as stated in Document E, when the working men get higher pay the prices also increase

    Read More

  • Communist Manifesto By Karl Marx: A Comparative Analysis

    1595 Words  | 7 Pages

    In fact, “by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain” (CR 88) wanting to maximize his profit while minimizing his costs. So, instead of increasing the wages of their workers, they would instead keep their wages low and keep the money they earned. The owner wants an “industry that produces the greatest value” (CR 88) which would lead one to infer that they just should not give the workers a salary. However, although the company owners “neither intends to promote the public interest, nor knows how much he is promoting it” (CR 88) because of the need to raise the wages of workers. The industry owners end up being “led by an invisible hand to promote an end which was no part of his intention” (CR 88) which pushes the owners to increase the wages of factory workers to allow them to be able to purchase more products, thus further supporting industries.

    Read More

  • Essay On Fiduciary Duty

    1765 Words  | 8 Pages

    They must also comply with the relevant parts of the business judgment rule. “Duty of care” and “duty of loyalty” must be adhered

    Read More

  • Mapleton Family Medicine Case Study

    1323 Words  | 6 Pages

    Of course, to the owners their proposed system seems undemanding and effortlessly achievable; however, there may be one or more workers that deem the new plan unfair and difficult to sustain. There may also be workers that feel disregarded and believes that everyone should be including in the decision-making process. The last thing you want to add to your list of problems is a group of disgruntle, unappreciated workers; therefore, I encourage the owners to allow all parties to participate in developmental framework of the incentive

    Read More

  • Essay On Why Women Athletes Should Be Paid

    561 Words  | 3 Pages

    It is believed that in order to have equal wages there will have to be a raise in financial support. Some Universities believe that they will have to increase budgets for

    Read More

  • Maersk Compensation Philosophy Paper

    438 Words  | 2 Pages

    Compensation Philosophy of Maersk A compensation policy is a statement of a company’s stand when it comes to employees’ compensation. It explains why employees are given a certain amount of pay or any other form of compensation. These statements are normally developed by the human resources department with assistance from the executive team. When the statement is well-designed it will support the company’s strategic plan, goals, and competitive outlook, and compensation and reward strategies.

    Read More

  • Organizational Behavior Issues In Engstrom Auto Mirror Plant

    5624 Words  | 23 Pages

    Organizational Behavior Issues in Engstrom Auto Mirror Plant Organizational issues Engstrom Auto Mirror Plant faces multiple quandaries associated with human behavior. Workers feel unappreciated as an integral part of the company, disposable and insignificant. Suspicion about bonus calculations, lack of transparency, job insecurity, and perceptions of inequitableness in the payment scheme have instigated uncertainty and open rebellion against the company. One of the core problems at the organization is low productivity.

    Read More

  • Are Younger Employees More Likely To Be Motivated By Very Regular Pay Increases On A Regular Basis?

    490 Words  | 2 Pages

    In that way, a complex pay process would be implemented that will ensure the balance between internal and external equity within the organization. 8.18) Why are younger employees more likely to be motivated by very regular pay increases than older workers?

    Read More

  • Pros And Cons Of Minimum Wage

    1270 Words  | 6 Pages

    However, how much could the employee be paid for what he/she does? it’s the part of our main topic in this subject. Certainly, there are numerous factors that contribute to an open debate if an individual skill is worth a given amount of money but far beyond this factor, important interests in the public and private sector influence the decision of any possible adjustment to

    Read More

  • Bonanno Case Study

    1617 Words  | 7 Pages

    Introduction This essay will look into how the concepts of resilience and the four trajectories proposed by Bonanno can be applied in the case studies. The target population of the case studies is people with medical conditions, namely, spinal cord injury, SARS and breast cancer. Furthermore, this essay will focus on the similarities of how people behave when facing a stressful situation. [[[[[Different percentages of trajectories, the possible predictors and the reason of the differences in the percentages of different trajectories]]]]]] Stressors and effects The first study is about people suffering from spinal cord injuries.

    Read More

  • Pestle Analysis Of Maybank Malaysia

    709 Words  | 3 Pages

    The legal factor include of the labor laws, consumer laws, safety standards and many more. This factors is significant because the company has to know about what is legal and what is not and follow the legislation that has been set by the government. For instance, Maybank follow the rules by the Malaysian government with setting the security in online banking system. This will keep the customers safe from cybercrime. Consequently, the legal play a main role in the PESTLE

    Read More

More about Bunn Case Study

Open Document