Compensation and Benefits Plan for SMC †Business Research Paper (300 Level Course)

Compensation and Benefits Plan for SMC – Business Research Paper (300 Level Course) Free Online Research Papers Compensation and Benefits Plan for SMC Business Research Paper(300 Level Course) SMC is a locally owned and operated company that currently employees 89 employees. Due to a shrinking labor market and increasing turnover within the SMC Company, I have decided to propose a comprehensive, progressive compensation and benefits plan in hopes of decreasing the amount of turnover and increasing the stability of the work force. A recent Ernst Young survey calculated that the cost of replacing a high-level employee may be as much as 150 percent of that departing employees salary. Obviously cost is also factor in deciding what benefits we can offer our employees. There are a host of free and low-cost benefits we can offer that will greatly increase job satisfaction among our work force while costing SMC little to no money. The first option is negotiating special discounts for employees at local stores and restaurants. Hotels, service providers and amusement parks are usually willing to give discounts to team members as long as a small amount of advertising is provided by the company in areas such as break rooms and company memos. Another fantastic idea is to offer free seminars at lunch for employees who would like to attend. Health-care workers, financial planners, safety experts, attorneys and other professionals will often offer their speaking services at no charge. Education is beneficial for both your employees and our business. We can offer a credit union membership. One of the most appreciated, but most overlooked, benefits is membership in a credit union. There are some 6,000 well-established, state-chartered credit unions throughout the United States and Canada that accept start-up businesses as members at no charge. The benefits to our employees are threefold: most likely theyll increase their savings rates (especially if you offer automatic payroll deduction), have access to lower loan rates, and pay lower feesif anyfor services. One last free option we should instate is to offer supplemental health insurance that is paid for by the employees through payroll deductions. Many health care providers will offer discounts for employees who are subjected to this type of health insurance plan. This way, it does not cost SMC any money, and it gives a discount to our employees for personal and family coverage. A good insurance plan for employees will decrease sick days for employees and dramatically increase workers satisfaction. As stated above, cost was a major factor in coming up with an effective benefits package for our employees. All the above options proposed will not cost SMC any money whatsoever. It is proposed that with these implements employee job satisfaction will increase up to 20% which should increase our bargaining power in hiring new team members as well as decrease turnover of our current team members. Research Papers on Compensation and Benefits Plan for SMC - Business Research Paper (300 Level Course)Twilight of the UAWMoral and Ethical Issues in Hiring New EmployeesAnalysis of Ebay Expanding into AsiaResearch Process Part OneNever Been Kicked Out of a Place This NiceThe Project Managment Office SystemThe Effects of Illegal ImmigrationMarketing of Lifeboy Soap A Unilever ProductPETSTEL analysis of IndiaInfluences of Socio-Economic Status of Married Males

Robert K. Merton (1910-2003) - Sociologist Profile

Robert K. Merton (1910-2003) - Sociologist Profile Best known for developing theories of deviance,  as well as the concepts of self-fulfilling prophecy and role model, Robert K. Merton is considered one of Americas most influential social scientists.  Robert K. Merton was born July 4, 1910 and died February 23, 2003. Early Life and Education Robert K. Merton was born Meyer R. Schkolnick in Philadelphia into a working class Eastern European Jewish Immigrant family. He changed his name at the age of 14 to Robert Merton, which evolved out of a teenage career as an amateur magician as he blended the names of famous magicians. Merton attended Temple College for undergraduate work and Harvard for graduate work, studying sociology at both and earning his doctorate degree in 1936. Career and Later Life Merton taught at Harvard until 1938 when he became professor and chairman of the Department of Sociology at Tulane University. In 1941 he joined the Columbia University faculty where he was named to the Universitys highest academic rank, University Professor, in 1974. In 1979 Merton retired from the University and became an adjunct faculty member at Rockefeller University and was also the first Foundation Scholar at the Russell Sage Foundation. He retired from teaching altogether in 1984. Merton received many awards and honors for his research. He was one of the first sociologists elected to the National Academy of Sciences and the first American sociologists to be elected a foreign member of the Royal Swedish Academy of Sciences. In 1994, he was awarded the National Medal of Science for his contributions to the field and for having founding the sociology of science. He was the first sociologist to receive the award. Throughout his career, more than 20 universities awarded him honorary degrees, including Harvard, Yale, Columbia, and Chicago as well as several universities abroad. He is also credited as the creator of the focus group research method. Merton was very passionate about the sociology of science and was interested in the interactions and importance between social and cultural structures and science. He carried out extensive research in the field, developing the Merton Thesis, which explained some of the causes of the Scientific Revolution. His other contributions to the field deeply shaped and helped developed fields such as the study of bureaucracy, deviance, communications, social psychology, social stratification, and social structure. Merton was also one of the pioneers of modern policy research, studying things such as housing projects, the use of social research by the ATT Corporation, and medical education. Among the notable concepts that Merton developed are unintended consequences, the reference group, role strain, manifest function,  role model, and self-fulfilling prophecy. Major Publications Social Theory and Social Structure (1949)The Sociology of Science (1973)Sociological Ambivalence (1976)On The Shoulders of Giants: A Shandean Postscript (1985)On Social Structure and Science References Calhoun, C. (2003). Robert K. Merton Remembered. asanet.org/footnotes/mar03/indextwo.html Johnson, A. (1995). The Blackwell Dictionary of Sociology. Malden, Massachusetts: Blackwell Publishers.