Write a six (6) page paper in which you:

1) Briefly describe the company you researched, its compensation strategy, best practices they are applying, and compensation-related challenges they are facing.

2) Analyze how your company applies compensation practice to determine the positive or negative impact to the company and its stakeholders.

3) Examine the ways in which laws, labor unions, and market factors impact the company’s compensation practices. Provide specific examples to support your response.

4) Evaluate the effectiveness of traditional bases for pay at the company you researched.

5) Use at least three (3) quality references. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length

 

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Question 1. Explain why economic theory should never guide policy action. No citations are required for this answer. 

Question 2

A) The task is to describe multiplier effects in the Grapetown economy using three related industries. The first industry is Wine Manufacturing (ANZSIC Code 1214), for which the proportion of local consumption is 0.6. Total employment in metropolitan area is 20,000 in this industry and equilibrium wage is $7,000. 

i. Select and define two additional related industries. Describe why they are related to Wine Manufacturing and define their proportion of local consumption in the language of economics [15 points]. 

ii. Describe the economic effects in dollars of the following changes: an increase in export income in Wine Manufacturing by $1,000,000, a $750,000 increase in export income for your second industry, and decrease of $300,000 in export income for your third industry [15 points]. 

iii. Using graphs demonstrate the multiplier direct and indirect effects for one of the two industries you have chosen [10 points]. 

B) You are a Ministerial Advisor on questions of economics in your local Department of Transportation. As a method of mitigating traffic congestion on your city’s motorway network, you have suggested to the Minister that a perkilometre congestion price be levied. Unsure, the Minister requests a memorandum discussing the supply and demand effects of implementing such a toll regime. The Minister’s main issue is that she perceives two groups of stakeholders: one that owns large cars that consume lots of petrol, and one that owns small, fuel-efficient cars. The Minister wants an explanation of how these two stakeholder groups will be impacted. In the initial equilibrium, there are 500,000 large, polluting vehicles on the roads, and 500,000 small, fuel-efficient vehicles on the road. For the small cars, the average cost per vehicle-kilometre is $0.30 (in direct fuel and maintenance costs). For the large cars, the average cost per vehicle-kilometre is $0.50. 

1) Use supply-demand graphs to the show the effects of the taxes on the two stakeholder groups. Be sure to label your axes with appropriate labels [10 points]. 

2) Explain the direction and relative magnitude of the shifts in the demand and supply curves you depict [15 points]. 

3) Compare the effects on costs and quantities after systems have reequilibrated, for both stakeholder groups [15 points].

 

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Write a 800-word report using your company or one with which you are familiar (if you prefer, your facilitator can assign one to you). Answer the following questions for your chosen organization.

• Explain what the specific key environmental forces are that created an opportunity for your company.
• Identify if there have been changes in the purchasing patterns of your organization’s target market in recent years.
• Conduct an environmental scan for your chosen company to identify key trends.  For each of the five environmental forces (social, economic, technological, competitive, and regulatory), identify trends likely to influence your company’s marketing efforts and product offering in the future.
• Explain what differentiation strategy your company should undertake to encourage their target market to choose them over other competitors.

Organization to use is QVC… If possible. 

 

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Book Used: Strategic Staffing, Phillips & Gully 

The Job Offer Letter – Read the McDonald’s vignette in Strategic Exercise #1 on page 324 of your textbook.  Carefully think about what should be included in the offer letter based on what you are trying to achieve.  Then, using the information from the “Intro to Chapter Seven Video” and Chapter 11 in your textbook, complete the following:

1. 1. Describe the goals of the offer letter based on the vignette and what you know of McDonald’s.
   2. Develop a comprehensive, well-written offer letter for Pat Edwards that incorporates all necessary job offer components discussed in the intro video (including an employment-at-will clause) that meets the hiring goals.  
      • Not only do you need to be sure that the letter contains all of the necessary information, but it must also be in the correct professional format.  For more on this, as well as an example, please see the following website:

https://owl.english.purdue.edu/owl/resource/653/01/ 

c.  Explain how this letter is designed to meet the hiring goals discussed in part “a” of this question.

2.  Negotiations – To really be a good negotiator, you need to be able to see issues from both sides.  This week you will be looking at negotiations from both the side of the HR professional and the final candidate. 

1. Read the article “How to Negotiate Salaries with New Hires.”  Develop a list of recommendations that you could give to a manager that would help him or her to better negotiate with a final candidate.  Can you add anything that is not in the article?
2. Watch the Deepak Malhotra video “How to Negotiate Your Job Offer.”Develop a list of recommendations that you could give to a job candidate that would help
3. Describe an experience that you have had negotiating a job offer either as an HR professional, manager, or a job candidate.  How did you feel about it?  How could it have been done better? (If you have not ever had to negotiate a job offer, ask someone at work, a family member, or a friend about his or her experience.)

1. Read the case study “Hiring FBI Agents” on page 325 of your textbook. 
   1. Thoroughly address the three questions at the end of the case (page 325.)
   2. If you were a consultant, how would you suggest the FBI improve their process?

 

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Do you believe a Supreme Court nominee’s political views should play a role in his/her approval by the Senate?

I believe that a Supreme Court nominee politician view should play a role in their approval by the senate, because the senate has the responsibility of giving the nominee that fair consideration to a timely hearing and also their own timely vote. It is deeply troubling that the majority republican would decide not to consider fulfill their constitutional duties. With the republicans citing to a vague precedent nominations, it is thus not considered as an election year. The claims by democrats are that republicans should have the constitutional responsibility in at least holding a hearing and a vote on a nominee (Choper, 2013). 

The problem with studying the issue is that there are relatively few examples because it is believed that the Supreme Court justice has lifetime tenure. History has less number of nominees, though it is indicated that the majority of the nominees are highly considered by the senate, with a few vacancies examples taking place and considered in the election year. Even though the examples are found to be few, the rights of the republicans are well supported when they are to handle or not handle the nomination as per their wishes. It is the duty of senate to either confirm or reject presidential nominations as an imperative of his nominate to duty, in such that has been heretofore settled in government practice and that it is expediently now not or properly altered. 

Senators have every right in their deciding as to whether to block nominations in their consideration to the ideology of the nominee and to the judicial philosophy, which is not just their professional qualification. There is nothing in the constitution that forbids those considerations. The responsible senators should scrutinize attributes that will as well have major effects on the future of the nominee’s performance to the bench. Some believe that the president after winning elections should have completed his authority of appointing their nominees and senate in examining whether to or not intellectually justify the capabilities and the all around good guys. One gotten beyond the intellectuals and the personal characters that should not as further question the confirmation of the judge.

               I agree with this view, believing that the constitutional calls for senate advise consent. I also believe that meaningful advice and those consents include the judge’s philosophy examination ideologies, and records. The nominee’s judicial objections philosophy led to the opposed nomination and ad vocation of the filibuster. The reasonable senates don’t expect judicial philosophy nominee matching every way owned and should not only let their decision. I think it would be a great mistake ignoring the extremely important nominee’s aspect record (Epstein, 2006).

agree with this statement in mumimum of 200 words why.

 

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