Compensation Package Analysis
Organization: Majestic Hotel Saigon, Vietnam
Job tile: Front Desk Manager The Majestic Hotel, which is a five-starts luxury that achieved through attention to details and complete comfort that ensuring through out courteous services. Since 1925, Majestic Hotel has occupied one of the finest locations in Saigon, where our guests can enjoy the stunning views of Saigon River as well as the elegance of columned and arched classical French colonial design glorify the Golden Age of architecture (Majestic Saigon, 2013). It has gone through several reincarnations over years with many changes that reflect the tumultuous history of Vietnam during World War II and it wad frequented by foreign correspondents and
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Then, my annual salary after 20% tax is $12,360 (i.e. 1,125 – [($1,125 - $250) x 20%) - $80] = $1,030 x 12 =$12,360). The tax is quite high if compared to the salary in market surveys; this is because the tax is the main source of the state budge as a common knowledge (Personal Income Tax, 2013).
From my perspective, I would expect to have overtime, vacations and unemployment insurance that add on into my salary package. It will motivate me on my job performance; increase my productivity as well as being more creative and willingness to take risks. For the superfluous issue, I would recommend to add equivalent of money into my tuition reimbursement instead of the parking reimbursement because most of the employees do not have car and their main transportation is motorbike.
My salary package is little high if compared to the total compensation available of my position in my industry as it depends on the skills, knowledge, effort and working conditions (different ranging of hotel, employee will receive a different salary). Thus, it will be hard to trace the bonuses, as the company will reward employee by cash, and of course it will be different each year. Being a Font Desk Manager, which seems as the hotel’s ‘face’ and represent the hotel in
| I'm not sure what the book says. However I would assume there could be many outcomes such as needs that might be too expensive to cover. Or perhaps not enough people want the same coverage or not enough people to meet the limit requirement for the insurance company. You can also find out that the benefit plan might not suit anyone at all and a serious change is needed.
carefully planned out and considered, the total closure or failure of the organization could be at hand in the near future. In our modern age, employers know that salary is not the only factor that should be considered and that salary alone will not lead to better or more highly profitable workers alone. This is why compensation planning is important and why pay should have some connection between performance and compensation. This is why the human resources department should consider many monetary and non-monetary factors when considering how to properly compensate and motivate employees (Dessler, 2013).
Share how you would compensate each of the employees with the budget dollars provided (see Compensation Template in Doc Sharing). You must provide substantiation for your salary decisions. Even with the decisions you make, what might be some consequences? Input your decisions into the template. Include your risk analysis.
Even though not everyone on the team completed their tasks by the due date time, but we all managed to complete this week assignment. Keyna did not to complete her assigned tasks on time because she did not receive all the materials she needed to complete her tasks. This is due to Rashaad having problem adding his document to Google Docs. We only communicate via emails; meeting was not set up for this project. We can't communicate effectively due to time zone limitations.
tracking number system, so we will know where the equipment is located at all times, when it reaches its destination, and when the shipment is signed for.
Additionally, it is imperative to note that compensation does not automatically imply rewarding in the monetary form. It also includes other benefits such as, health care benefits, work-life balance options, as well as employee perks and incentives. Nonetheless, this day and time employees not only work for the money, but also place equivalent importance on other aspects of compensation.
This letter is in response to your request that was sent on August 31st to schedule a public hearing before the Saratoga Springs Planning Commission regarding the proposed Papa’s Express Car Wash located at approximately 1347 N Exchange Drive in Saratoga Springs. Staff has reviewed the materials submitted and the Planning Director has determined that the proposed development is not in compliance with the Land Development Code. The sections of the Code that Staff has determined the development to not be in compliance with are as follows:
First off we would NEVER throw sales numbers around or guarantee sales it's just not our style . We pride ourselves in being honest and ethical and quoting sales numbers we have absolutely no idea whether we'll hit is even achievable. We tell most new vendors to expect a break even financial situation at best over the first 18-24 months . The first 12-18 months it's imperative that we promote within our distributors ,participate in shows ,offer placement programs.. etc etc..It's all about planting retail seeds that we hope grow and gaining exposure .
Identify and analyze the possible claims that Julie has against her employer. Identify and evaluate the legal basis for the claim, the potential recovery, and the likelihood of prevailing against her employer. (Points : 30)
Compensation packages can include bonuses, benefits like health insurance, retirement benefits, paid time off, and professional development opportunities. Some of the compensation packages can include hourly salary, annual salary and other compensations like fee-for-service, bundle payment models and pay-for-performance. Factors employers need to consider at the time of offering a compensation package are the availability of healthcare providers, the demand for certain services, where those services are offered and which trends are affecting the delivery of those services.
Majestic Hotels, Inc., a privately-held company, has four hotels located in Charleston, South Carolina; Asheville, North Carolina; Savannah, Georgia; and West Palm Beach, Florida that cater to high-end business and vacation travelers. Bank-loan covenants require that Majestic Hotels, Inc. submit audited financial statements annually to the bank. Specifically, the bank covenants contain revenue and occupancy measures that
The Mercedes-Benz U.S. International (MBUSI) is located in Vance, Alabama employs over 4,000 people. This organization has created thousands of others jobs by association in the area and has contributed billions of dollars of other commerce do to its presence in Alabama. This company’s story began in Alabama in 1997. It began producing only one model and after such a great response to the vehicle it increased its production with other models in 2004. Since the inception of the organization into the state there has been only one layoff. Employees make some of the highest wages in Alabama at this organization. There are generous bonus packages and vacations. MBUSI
|1) Which of the following is an example of an indirect cost associated with mismanaged organizational stress? |
Technically, the attributes of Majestica can’t be doubted. We will insist the professional to maintain and develop our quality. Like the 30 length of contract to prevent the leasing of our tips and exclusive technique of the management; the equipments in hotel could let them make decisions on several items, but the special items should keep to stay the style and the luxury level; the staffing would be trained, capable and selected as a fixed rate between foreigner and local people; we could make the concession on the