Ethical Compensation Free Essays

Employees expect companies to stick to certain standards that represent fairness (Compensation Dilemmas: An Exercise In Ethical Decision-Making 1995). Early efforts of economic views have studied compensation systems over the years. The all-encompassing view at the time was that the best possible compensation systems met the fair days wage for a fair days work criteria. We will write a custom essay sample on Ethical Compensation or any similar topic only for you Order Now The key for managers and others who design pay systems Is to ensure that pay accurately reflected the economic value added to the firm by a worker. This is where fairness is expressed only in economic terms. Since that time management scholars have developed a much richer understanding of what fairness means to employees and how views of fairness affect their attitudes and behaviors. Compensation systems also play Important social and representational roles in organizations and through these roles pay systems affect a variety of Important outcomes such as the nature of employee commitment and performance and work relationships. Given the essential role that compensation systems play in employment relationships, it is also very likely hat they play an important role in shaping whether people feel they are treated with respect, trust, and dignity and whether they believe the values and customs of the organization are worthy of their fullest commitment and highest efforts (Bloom, M. 2004). Could executive compensation be redefined by performance management? â€Å"When no performance measures are defined and documented for company executives, this places no accountability on the CEO to produce measurable results. On the other hand, if performance measures are defined, documented and accountability is laced on the CEO and is tied to compensation this could prove to be beneficial for all involved. While employees are paid based on established Job classification systems, Coo’s however arbitrarily negotiate salaries where there Is no cap, but benefactor. The company is injured by way of a harmful image in the eyes of the industry. The consumers of the company’s products or services are also hurt. The company may also experience retention problems and stockholders may suffer from financial loss. Also employees are left to deal with disappointment, bitterness and owe morale (Carter, C. 2009). Americans are fuming right now. Pummel by the bind of a painful recession and furious over oversized executive compensation packages at the very Wall Street firms widely blamed for the economic chaos, they gradually distrust key establishments and individual leaders. Americans are angered at the financial services region. They believe that these institutions have rigged the game so that top level executives are rewarded substantially even when they fail. Americans want action to restore fairness to the system and get pay back in line. The variety of experts and activists of political leaders and ordinary citizens, there is a belief that executive incentives have exaggerated short-term performance, supported unnecessary risk-taking, and failed to discipline poor performance. Many believe that incentive plans have tempted some Coos to put personal financial interests in front of good stewardship that provides the long-term interests of their organizations (Ethics Resource Center, 2010). In recent years it has become common for corporate board of directors to recruit a star chief executive officer with an executive severance cage. The severance agreement becomes part of a contractual commitment that is often unrelated to the circumstances of the executive’s eventual firing. To complicate matters, severance is often structured as deferred compensation for an executive’s earlier successes, before things would eventually fall apart. When a CEO is discredited they always argue that they were not overpaid at termination because the rise in share price they achieved for stockholders during their tenure with the company. Companies should not make severance commitments when hiring executives. This will come back to haunt them. This style could make it difficult for firms trying to hire top talent. A CEO with ethics would be embarrassed when receiving an abundant severance after their decisions caused severe anguish to the employees and shareholders (Kipling, K. 2008). Addressing specific errors in compensation plans is critical and identifying the best metrics for measuring performance is part of the answer. Maybe creating an ethical organization is a critical first step that sets the stage for effective compensation plans. Ethical performance should be one of the metrics for determining compel;sensation. Many of the problems credited to failed compensation plans are really about ethical slip ups. I’m not saying that executives intentionally engage in bad conduct. But it can mean that a lack of continuous focus on ethics can induce bad behavior. This behavior can turn into rationalizing decisions without truly centering on the allegations for the long-term well-being of the customers, its employees, shareholders and the company as a whole (Ethics Resource Center, 2010). Executive compensation is not illegal. However the actions of some Coo’s and executives can be ethically questionable. From the viewpoint of economic effectiveness, restructuring or even downsizing may be required in order to arrive at specific business goals. Although, making the decision to eliminate Jobs while the CEO is overly compensated for providing inadequate performance is not only feeble make a incredible impact by educating board of directors on accountability in executive packages, compensation and incorporating strategic performance management initiativ How to cite Ethical Compensation, Papers

Functionalists View of Education free essay sample

Functionalists look at how society works in a scientific way to see how it works. They have similar ideas about education too. There are three main functions. The first is socialisation. Education is a source of secondary socialisation. It helps to teach young people values, norms equality and achievement. Schools are the main part of a child’s day and therefore influence them greatly. The second is learning skills. When in education, you learn a number of skills such as numeracy and literacy. This has now been made compulsory to ensure young people are getting the best qualification of their ability. This will result in them getting the grades they need and having jobs best suited to them. The final one is the allocation of roles. There is said to be a fair system which allocates the right people for the right job. This is all based on their skills and qualification. We will write a custom essay sample on Functionalists View of Education or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Therefore, everyone has a fair opportunity. Durkheim is a sociologist who compared schools to a miniature society. He believed that social solidarity, social order and meritocracy are learned through education to make people function right through society. Social solidarity happens when the children are made to work in a team or because they wear uniforms. If helps us feel like we belong in the community. However, it also makes people feel less of an individual and more of a group and responsibility is then taken away from them as they feel there are a number of people responsible for wrong doing. The second is social order. There is a hierarchy in schools which shows us some people are more important. Durkheim suggested that schools area small society. The final point is meritocracy. Schools provide us with a chance to learn the skills we need to earn a desirable job. They pass on the ideas of division of labour and such things. This is when role allocation takes place. It sorts out people to the jobs they are best suited. Another functionalist is Parsons. He saw schools as the main way to set norms and values through society. He sees that school and the things we learn will apply to society. It also helps us to become ready for our future in a wider society. He explains how meritocracy takes place. Children who work hard get the best jobs and are rewarded for this. The other children are then encouraged to work harder. Therefore, schools are competitive. However, Parsons was criticised because he didn’t conduct any practical research. Therefore, his theories cannot be tested. Also, he doesn’t take into account the negative things in society such as racism. The final sociologists with a functionalist view that I will cover are Davis and Moore. They believe that the education system is unequal but because society is full of inequalities. They believe that because inequalities exist, it is for the good of society. However, this is not the case. An example of this is that white and black people are treated unequal and this is not good for society. By people seeing a person of different colour skin to them, they may act racist and this is now illegal. Further criticisms are that functionalists fail to explain how or why society changes. Functionalists base there theories on a society that doesn’t change. However, this is not the case. Also, people in society don’t necessarily share the same values in life. Social groups from the same society have different values. Functionalists argue that education passes on the norms of society to create value consensus, however it may be difficult to create value consensus because various social groups will have a different value. Marxist believe that middle-class children are most likely to achieve higher grades and therefore achieve jobs which are seen as ‘middle-class’ jobs. Middle class people have the money and lives which are likely to carry them on through higher education and achieve the skills needed for better paying jobs. This view contradicts the functionalists view but it is great view with evidence through everyday life. Therefore, this is a criticism.

Plus by Ed Sheeran free essay sample

â€Å"Plus By: Ed Sheeran† My first impression of this album was kinda bad. I did not get the entire album. It was hard to relate to when I thought it through. I was not a big fan about the album, until a couple years that had passed. I was finally able to relate to it, somehow it expressed my emotions every single second of the day. My family was having problems coming from all directions. It seemed to talk to me. It became an album that I constantly listen to every day. The songs that stood out to me the most were â€Å"Lego House†, â€Å"Small Bump†, â€Å"A Team†, and â€Å"Kiss Me†. These songs were my favorite, the way it just moved my emotions around and made me feel as if I was finally finishing my depression stages. Ed Sheeran is a 26 year old, male. This album is called â€Å"Plus†. His music is Acoustic, pop, and contemporary folk music. We will write a custom essay sample on Plus by Ed Sheeran or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This album was about his experiences and what he witnessed that inspired him to devote them to those people. This album is very heart touching and it is so perfect! There is not 1 song that I do not like. Honestly, I could listen to this album forever. There are so many people rather listen to rap music when they’re going through problems when this album should be mostly listened to because it helps you cope with anything on your mind. This is a â€Å"Must† listen to album. He dedicated â€Å"A Team† to a young girl named Angel that he met in shelter that was soon going to be closing down and people like angel would have trouble finding another place to go. I do not like the album â€Å"X by: Ed Sheeran†, that album just does not fit in with my life. The lyrics in Thinking Out Loud, â€Å"When your legs don’t work like they used to before.† make no sense to me and it just does not mix in with my â€Å"vibes†. The album genre seems as it changed and it just does not really make me want to listen. Some of the songs on his album are over played but on the â€Å"Plus† album I could listen to it none stop and not be bothered by it at all. The album is amazing, catchy, and relatable in many reasons and ways. Go home and listen to the album because no matter what you might think about before you listen to it it is one of a kind and you will not regret playing this song. Teenagers would really love this because this is the hardest age for them and it just feels rights when you listen to it even if you are in a good or bad, you will fall in love with it. The way it makes you feel like one of a kind feeling that you will not get from any other album or song ever.

phlosophy in the matrix essays

phlosophy in the matrix essays On 1999, the weekend before Easter (purpose or no?) the matrix hit movie lovers by surprise. Similar to the star wars culture it started cult viewers into questioning and even believing the story. This film from start to finish comes on strong, promising to give viewers insight on a science fiction world that so narrowly resembles ours. This has brought close examination of this film and its messages, and is the outcome that I hope to derive from my study; the different levels of interpretation of the matrix. Firstly what does the word matrix mean? The above states quite clearly that it basically means a womb. But this simple 6 letter word has somewhat became twisted around the films plot by the Wachowski brothers to mean something on an a lot more 3 dimensionally spiritual level. The backbone of this film relies a lot on the simple question of what is the matrix. This phrase only becomes technologically explained leaving you, on a personal level to subconsciously debate the question. This brings the film into a different light. One that so similarly resembles reality, which puts unstable minds and those who rely on movies to provide a safe haven from the harmful natures of reality, into questioning the probability that are we living in a matrix. This fear, brought on the eve of the new millennium, was cantered around the already present technological fear of A.I. Acting on the moral panic that A.I. has been progressively inducing. It states that some day humanity will be surpassed and replaced as top proprietors on earth by its own creations: machines. I can visualize a time in the future when we will be to robots what dogs are to humans This naturally gives the film controversial appeal acting on an existing panic and achieves an already naive audience base, which may relate or find this story believable or forthcoming. Examples of this were cre...

The Man Who Brought Geometry to the World

The Man Who Brought Geometry to the World Much of our modern science, and astronomy in particular, has roots in the ancient world. In particular, the Greek philosophers studied the cosmos and tried to use the language of mathematics to explain everything. The Greek philosopher Thales was one such man. He was born around 624 BCE, and while some believe his lineage was Phoenician, most consider him to be Milesian (Miletus was in Asia Minor, now modern Turkey) and he came from a distinguished family. It is difficult to write about Thales, since none of his own writing survives. He was known to be a prolific writer, but as with so many documents from the ancient world, his vanished through the ages. He is mentioned in other peoples works  and seems to have been quite well-known for his time among fellow philsophers and writers. Thales was an engineer, scientist, mathematician, and a philosopher interested in nature. He may have been the teacher of Anaximander (611 BC - 545 BCE), another philosopher. Some researchers think Thales wrote a book on navigation, but there is little evidence of such a tome. In fact, if he wrote any works at all, they did not even survive until the time of Aristotle (384 BCE- 322 BCE). Even though the existence of his book is debatable, it turns out that Thales probably did define the constellation Ursa Minor. Seven Sages Despite the fact that much of what is known about Thales is mostly hearsay, he was definitely well-respected in ancient Greece. He was  the only philosopher before Socrates to be counted among the Seven Sages. These were  philosophers in the 6th century BCE who were  statesmen and law-givers, and in Thaless case, a natural philosopher (scientist).   There are reports that Thales predicted an eclipse of the Sun in 585 BCE. While the 19-year cycle for lunar eclipses was well known by this time, solar eclipses were harder to predict, since they were visible from different locations on Earth and people were not aware of the orbital motions of the Sun, Moon, and Earth that contributed to solar eclipses. Most likely, if he did make such a prediction, it was a lucky guess based on experience saying that another eclipse was due. After the eclipse on 28 May, 585 BCE, Herodotus wrote, Day was all of a sudden changed into night. This event had been foretold by Thales, the Milesian, who forewarned the Ionians of it, fixing for it the very year in which it took place. The Medes and Lydians, when they observed the change, ceased fighting, and were alike anxious to have terms of peace agreed on. Impressive, but Human Thales is often credited with some impressive work with geometry. It is said he determined the heights of pyramids by measuring their shadows and could deduce the distances of ships from a vantage point onshore. How much of our knowledge of Thales is accurate is anyones guess. Most of what we know is due to Aristotle who wrote in his Metaphysics: Thales of Miletus taught that all things are water. Apparently Thales believed the Earth floated in water and everything came from water. Like the absent-minded professor stereotype still popular today, Thales has been described in both glowing and derogatory tales. One story, told by Aristotle, says Thales used his skills to predict that the next seasons olive crop would be bountiful. He then purchased all the olive presses and made a fortune when the prediction came true. Plato, on the other hand, told a story of how one night Thales was gazing at the sky as he walked and fell into a ditch. There was a pretty servant girl nearby who came to his rescue, who then said to him How do you expect to understand what is going on up in the sky if you do not even see what is at your feet? Thales died about 547 BCE in in his home of Miletus. Edited and updated by  Carolyn Collins Petersen.

Minimum Wages Essay Example | Topics and Well Written Essays - 250 words

Minimum Wages - Essay Example Some communities are advising to increase it up to $10 per hour (Aprikyan n.p.). Obviously these decisions are going to have strong effect on economy. Minimum wage should be tied up with inflation. People will spend more and this can help in decrease in crime rates too (California Labor Federation n.p.). But for those who are demanding as increase as $10, it’s not logical, when minimum wages will increase so will be the cost of production followed by the increase in cost of living. In the end we’ll go back to where we started .Beside this minimum wage is solely for students or those people who don’t have to raise a family. So instead of just relying on the increase of minimum wages, I think citizens should take responsibility too. Get educated, get skills, get real and live a rational life. CEA. "President to Raise Minimum Wage to $10.10/Hour | California Employers Association Blog."  California Employers Association. Human Resource Solutions for Employers, 19  Feb.  2014. Web.

Stem cell ethics Essay Example | Topics and Well Written Essays - 1250 words - 1

Stem cell ethics - Essay Example Scientists and researchers began to research the mechanisms of life and learned about the multi-cellular world, which lies under the surface of our world. New medicines and treatments were created in order to alleviate and cure these ailments. Rather than looking to meet the status quo in trying to treat conditions, scientists went to the root of the problem trying to figure out how to stop conditions from occurring and treating the problem at the source, a majority of them that are genetically related. The result of this exploration was learning how to use stem cells as a medical application. Stem cells are a unique cell within the body that is found in large quantities in particularly human embryos. In essence, they are blank slates. This means that they can be coded to fulfill the function of any cell in the body. Hence, this is why they are very abundant in embryos because there is germination and differentiation occurring as more systems and features develop. However, in adults a majority of the stem cells have already been used and therefore remain in low concentrations. The goal of medical researchers and doctors is to harvest and engineer stem cells, which could be used in an effort to cure genetic diseases and help extend the human life span (Kelly 3-25). Because embryos have the highest concentration of stem cells that can be harvested, they are the main focus for research. The one huge drawback to this is that in attempting to harvest stem cells from an embryo, it usually results in the death of the individual or serious physiological defects. As a result in order to avoid this, scientists looked to abortion clinics in an effort to obtain the stem cells that are required for research. In this manner, there are no living embryos that are harmed, it is only the leftover biological material that would otherwise be discarded or burned at a biological containment facility. This is what has lead to the connection between