Employee Incentive Plan Evaluation at XYZ Industries Essay

Employee Incentive Plan Evaluation at XYZ Industries - Essay Example The Company will implement a new incentive plan, the details of which are given in the following sections. The plan will be reviewed after a period of twelve months. Objective: To become the leading provider of blood bags in North America. Types of incentives proposed: Incentive plans are broadly classified into three groups, namely those for individuals, groups, and the enterprise (Bohlander & Snell, 2010, 455). Individual incentives: a. Hourly pay of $5 per hour with a maximum of $10 a day (five working days). Every employee is eligible. b. Sales incentive – 25 cents per bag, for exceeding targets for sales and marketing staff. There is no limit on the amount that can be earned. c. Bonuses – Thirty percent of basic pay for all employees twice a year (employees are at liberty to choose the time, but needs to provide one month’s advance notice. d. ... cturing and packing (Note – the company has excess production capacity and aims to achieve a 30 percent increase in sales this year) Enterprise incentives: a. The Company is planning to go public and is planning to introduce 100,000 shares in February 2011. It is expected the value of each share will be approximately $7. Of these, thirty percent will be held by the owners, fifteen percent will be given as employee ownership, and the rest be made public. Employees are not allowed to sell the shares to the public for a minimum period of five years. It is hoped that full cooperation from all employees and departments will be there for the successful implementation of the incentive plan. Review of the bonus plan: A review of the effectiveness of the plan was made after a period of fifteen months in June, 2011. The gap of an additional three months (plan introduced in January 2010). This was to assess the impact of the stock ownership plan which was planned in February 2011, as men tioned in the incentive plan. The review was conducted by the human resources manager, Mr A. as he had a good rapport with all employees. This was the first time that a relatively comprehensive incentive plan was introduced. Previously, only the group bonus plan was in operation. Hence the employees were willing to cooperate until the period of review was over. Moreover they were happy that they could obtain additional compensation when compared to previous years. But the following drawbacks were noted after discussions, which need to be looked into by the management and implemented as far as possible. The company did achieve it target of thirty percent increase in sales. With regard to the sales and marketing personnel had the following complaints especially from the top performers who

The Cold War Doctrines Essay Example | Topics and Well Written Essays - 1000 words

The Cold War Doctrines - Essay Example It was caused by political and economic differences between the United States and the USSR (Posen 98). President Harry S. Truman reigned in the United States during the cold war. He faced a lot of internal challenges during the cold war. The United States faced severe shortages in housing and consumer products, many strikes and widespread dissatisfaction with the level of inflation. Turman used certain tactics to dominate the United States during the cold war. He signed the National Security Act 1947 as part of the world war strategy. He also reorganized armed forces by merging the state of war and the department of the navy into the National Military Establishment. He also created the United States Air Force, CIA and the National Security Council (Bostdorff 28). He used administrative commands to stop ethnic prejudice in the military forces. He dismissed a bunch of communists’ supporters from office by the creation of loyalty checks. He bitterly fought the republican leaders on foreign policy. Through his belief against communism, he protected Turkey, Greece and Iran by making a peaceful solution, not sending United States troops to war, and prevention of soviet penetration. He came up with the Fair Deal program which involved anti-union Taft-Hartley Act and vigorous civil rights program (Bostdorff 14). He also made a commitment to recognize the institution of the state of Israel. This was made to sustain the formation of a motherland for the Jewish people. Turman’s presidency was extremely active in foreign policy, which was containment of Soviet expansion as the cold war unfolded. It is necessary to note that Turman authorized the Hiroshima and Nagasaki atomic bombs which killed thousands of people in Japan. He used nuclear weapons against Japan as the Japanese government refused the terms of Potsdam Declaration (Bostdorff 160). This made the Japanese surrender on the 14th of August; 1945. The atomic bomb scene was revisited in the cold war and was recognized to have rendered convectional forces largely irrelevant to the modern battlefield. Corruption was a key issue in Turman’s government which runs through individual members of the cabinet and the senior white house staff. He relied distinctly on his cabinet and popularized such phrases as ‘The buck stops here’. Turman initiated the Berlin Airlift. This was a strategy that delivered meals and other supplies using military airplanes to people. Turman also used the strategy of rapid demobilization, which involved sending the veterans home. This policy was primarily financial since it involved funding domestic spending requirements. President Eisenhower was the thirty fourth president of the United States. His presidency was dominated by the cold war which begun during Turman’s reign. He was popular for ending the Korean War and presiding over eight years of peace. He signed peace treaties with South Korea and the republic of China. He expanded t he National Security Council which was initiated by president Turman. He was the first president to conduct televised press conferences. Just like Turman he was an anti-communist, and through this, he developed a marketing and armed coalition with the Spain through the Pact of Madrid. Signing the Southeast Asia Treaty Organization alliance, was another strategy to prevent communism. He accepted the principle of containment which sought