Marshall & Gordon

HUMAN RESOURCE MANAGEMENT Assignment 2 Marshall & Gordon: Designing an Effective Compensation System Situational Analysis Paul Nasr is the president of Morgan Stanley (MG) who has nearly 20 years of experience in the capital markets business. He assumed the leadership of the newly created Capital Markets Services division. The Capital Markets division is an interdisciplinary entity created to serve as a link between the Investment Banking division and the sales and trading arms of the firm, Equity and Fixed Income.The division is created to provide the clients with more focused attention and service. The employees in this division were also expected to generate business from organizations that were not previously clients of Morgan Stanley. Nasr hired Parson who is a successful, young banker and has a proven track record in the financial sector. He believed Parson is the right person in growing the capital market services arm of the firm. Parson had ten years of experience and possess es strong relationships in the banking and insurance industries.He didn’t have the Ivy League background that other employees in Morgan Stanley had had but he has the required experience working in bank and investment houses. He quickly rose up the ranks to become the Managing Director of a small firm. He is assigned the title of Principal and is expected to give analytical solutions to complex problems, have good client relations, understand the clients’ objectives and constraints and identify and create business opportunities for MG. He should possess excellent negotiation skills and also be a team supervisor and leader of the Investment Banking Department. 60O FEEDBACK PROCESS This process is a feedback solicited from superiors, peers, subordinates and internal clients as well as self-evaluation of an employee to gauge his/her performance. The inputs from this feedback helps in understanding and quantifying an employee’s strength, his/her deficiencies as well as gives cues for required developmental trainings and appraisal/promotion. This process minimizes the perceptional evaluation from a single source and gives a sense of ownership and fair judgment to one’s self perception.During the performance evaluation before his supposed promotion to the managing director or partner of the firm, Parson is credited for his good marketing skills, knowledge of the market and product, aggressiveness in making the deals with clients, his ability to cross-sell products to the clients. But he also got some very negative comments for being judgmental, not being a team player, not being professional at times. Nasr, though, defended that Parson is still young in MG and needed time to align himself with the firm’s values. Problem DefinitionNasr is staring down the barrel on whether to promote Parson as a Managing Director/Partner of the firm or give him more time. He also did not want to lose Parson who might leave the firm if he did not get the promotion. Options Nasr has three ways of coming out of this quagmire: a. Promote Parson and assume that he will get better with time. b. Hold his promotion till the next evaluation and give him a chance to overcome his shortcomings. c. Terminate his employment because his work doesn’t align with the firm’s core values. Evaluation Criteria:The following criteria should be used to evaluate the options available to make a fair decision: a. The employee should be result-oriented b. He should have good interpersonal skills c. He should bring new business to the firm d. He should be able to win the confidence of the clients e. He should possess both the market and product knowledge f. Understand the needs of the clients and utilize his market knowledge to work with the product specialists in providing a new product g. He should be a good team player h. He must possess good analytical skills to solve complex issues. Evaluation of Options a. ) Promote ParsonRob Parson is an excellent employee who has turned around the Capital Markets Services division in Morgan Stanley in an unconventional way and brought in new business through his aggressive marketing skills. He is instrumental in improving the market share from 10th position to 3rd position, during which the market share rose from 2% to a substantial 12. 2%. Since the division is new, he had to adopt these methods to win the clients’ trust. He introduced clients to his colleagues and also is able to cross-sell products. He might not always be social given his responsibilities but he is not antagonistic towards anyone.Moreover, Parson acknowledges that he is poor at self-promotion and is not in sync with the organization’s goals. b. ) Hold his promotion Nasr is in a position of responsibility and authority. If he chose to promote Robert Parson just on the basis of results, it would create a wrong precedent to other employees that they can bypass the Morgan Stanley culture and still get promoted. In addition, Rob Parson is personally recruited by Nasr and, giving a promotion to Parson despite the interpersonal issues indicates adaption of unfair practices in the performance evaluation.Also, the newly implemented 360-degree feedback stresses on culture of the firm rather than goal orientation. In this case, Parson is more goal-oriented than organization-oriented. So, his promotion being put on hold could be a viable option at this juncture. c. ) Terminate his employment Parson came from a background where he ought to be more result-oriented than being a cultural-fit in pursuing his goals. By adapting this strategy, he had created an internal notion that employees can bypass the core values of an organization to achieve one’s goals.This could undermine the very working culture of the firm and would lead to internal conflicts within the employees. So, his employment could be terminated to maintain the stability within the organization. Recommendation It can be concluded that he is a valuable asset to the firm given his contributions and should be promoted to the Managing Director position. He could undergo trainings on team building and interpersonal skills to further improve himself. The 360-degree performance evaluation can be used to give feedback to Parson on both his strengths and areas where improvement is needed.

Canadian business law case study Example | Topics and Well Written Essays - 500 words

Canadian business law - Case Study Example of Chip operates on an equal bargaining power as the Axel company receiving his services (Government of Canada, 2014).Therefore, his new terms of work calls for autonomous management of his own affairs and complete independence in the execution of his duties as assigned by the company (Primerus, 2014). The Canadian Ministry of Labor provides policy guidelines for managing the aspects of independent contractors. The ministry, while offering protection for the rights of both employees and independent contractors, outrightly describes Chip’s situation differently. He ceased to have entitlement to benefits accruing to the company’s employees. From a critical viewpoint, Chip is no longer Axel’s employee, meaning that he does not have to be answerable to the company. He has no employment rights enshrined in the ESA as he had before going the independence way. Furthermore, he has no entitlement to equal treatment as other employees working under Axel. While coming to this new contract, Chip had made all considerations and come to a sober and an informed decision thereby foregoing all related employee benefits. Against the legal obligations of the Canadian Revenue Agency (CRA), Chip faces two conflicting scenarios; he has fraudulently evaded tax and premium compliance by not informing the Workers Compensation scheme of the current changes in his work contract. According to the obligations of the CRA, Chip ought to commence remitting his own revenue billings, an obligation that he violated by not informing the relevant authorities of the changes in work contract. Moreover, no workplace insurance premiums get billed on the work as done by Chip. This scenario means that he fraudulently remains a beneficiary of the Axel’s employee schemes against the requirements besides signing a different work contract. As he drove out of Axel’s premises, Chip’s mandate was independent of Axel’s. He was absolutely out of duty as per the new work contract such that his

Health and Safety Issues in the Oil and Gas Industry Essay - 1

Health and Safety Issues in the Oil and Gas Industry - Essay Example According to the research findings in order to analytically interpret how oil and gas companies give importance and provide proper care to the potential hazards of their operations, the second research question is formulated to discuss the policies oil and gas companies currently implement to promote health and safety. Consequently, the researcher will provide accounts of actual interviews with managers of oil and gas companies in Saudi Arabia to document the present health and safety policies they execute. The major goal of this study revolves around identifying the health and safety issues in the oil and gas industry and developing new insights about how such issues are managed. This will be clearly shown through descriptive research using numerous data-gathering procedures to arrive at precise outcomes. Also, the researcher will conduct comprehensive procedures to measure the effectiveness of the current issues implemented by oil and gas companies.  For these goals to be achieved appropriately, the researcher came up with a justifiable and flexible research plan. This involves various processes which will comprise the different chapters of the dissertation. After a specific subject is chosen and research questions are formulated, the researcher will conduct normative data-gathering procedures such as interviews and library research. A comprehensive body of literature will be provided which concerns different health and safety issues in the oil and gas industry.  

Organisational Transformation in Practice ( Reflective writing) Assignment - 1

Organisational Transformation in Practice ( Reflective writing) - Assignment Example The opening focuses on reflections of the event of the negotiation activities within a virtual learning environment (Lewicki, Saunders, Minton, & Barry, 2003; McKeachie & Svinickie, 2011; Oxford Brooks University, 2009). It is argued that the negotiations course was successful in preparing the learner for further leadership roles (Brookfield, 1995; McKeachie & Svinickie, 2011). Further comments focus on the learner’s style of negotiation and reactions to others during the negotiation process (Antelo, Prilipko, & Sheridan-Pereira, 2010; Balez, 2008; Changingminds.org, 2011, Dunn, 1989, Hudson, 2002-03; Lewicki et al., 2003; Myers, 2009; Shockley-Zalabak, 2002; Shepard, 2010; Verderber, 1990). This report explores how success was achieved in the project, reflected upon, and based on that success, the literature, and personal insight from the reflection further recommendations are made. I sat down to review what I knew so far. My plant was responsible for manufacturing and assembling parts that were suffering from a high incidence of quality issues with massive rejection rates at the customer site. The quality issues had not been resolved and my quality inspectors had uncovered that the problems were, at least in part, due to another division’s parts that were supplied to my plant. I had gotten word that the other plant’s staff and their plant manager had refused to take responsibility. I thought the other plant manager was unfairly and inaccurately interpreting the term â€Å"95% level of quality approval†. The thought of my and my plant’s staff being unfairly blamed for a serious problem at the customer site infuriated me. I have a lot of pride in my work and the work of my staff and I do not take well to others insulting work that has been performed in good faith. I quickly made the assumption before negotiations even started that I w ould have an uphill

The impact of terrorism on tourism Dissertation

The impact of terrorism on tourism - Dissertation Example However, of late the terrorism activities have gained further dominance owing to its growing linkage to the tourism industry. Wilks, Pendergast and Leggat (2006) states in this regard that it is hard to uncover the reasons which have led to the growth of terrorism and its growing linkage to tourism activities. The tourism industry has become the target point for terrorism activities in the international scale owing to the slag of security and alertness. Tourists on tour tend to be remain undeterred about the surrounding environment being lost in the fun of holidaying which becomes the target point of terrorist to easily lay their grounds upon. Wilks, Pendergast and Leggat (2006) further observe that the rate of infiltration of terrorist in tourism centers has also another potential reason other than the lack of alertness of the tourists. The functions of tourism mainly occur along the principal trade routes of any region. Thus the terrorists feel that attack on such trade and economi c routes would help in disrupting the economic activities of the region. Thus terrorist attacks on tourism helps in jeopardizing the trade and economic operations of a region making it poor. ... The linkage of terrorism operations with tourism industries can also be observed to be a potential factor that enables the terrorist outfits to gain considerable publicity. Tourist centers being largely linked with market places helps the terrorist gain wide amount of publicity having conducted a large massacre of human lives and property. It helps them reach their demands to the eyes and ears of the higher authorities. Finally, Wilks, Pendergast and Leggat (2006) state that the nature of the functions of tourism industry being so diversified and spread across international borders that it becomes difficult to trace the movement of terrorists inside hotels and tourist areas. People from various nationalities clad in different type of outfits tend to regularly visit international tourist hotspots which being not closely monitored encourages militancy actions. (Wilks, Pendergast and Leggat, 2006, pp.82, 85-86). Types of Terrorist Activities across Tourism Centers The event of terrorism linked with tourism activities in order to succeed in their goals of spreading terror and panic in the regions takes to different forms of terrorist operations. In this regard, Henderson (2007) observes that terrorist outfits generally carry out a host of terrorist activities, which aims to take many lives in order to succeed in their mission of spreading terror. Different terrorist operations are planed out by the terrorist groups, which can take place individually or in particular assortments. The different activities, which are planned by the terrorist groups, include employment of suicide bombers to counter insurgency operations. The terrorist

Technologies Assignment Example | Topics and Well Written Essays - 3000 words

Technologies - Assignment Example Recently gaming is being developed to run on web based platforms usually through cloud frameworks. All these are just but a few of the approaches the web dimension is availing to provide alternative solutions to stand alone systems. Overview The Sanix case study Sanix is a major accounting firm with that deals with auditing of accounts for both medium and small scale enterprises (SME). At the moment they rely in their distributed branches situated in major cities in United Kingdom. These branches are more specifically located in Bristol, Chester, Derby, Leeds, Westminster and London which is the company’s headquarters. At the onset of automating its accounting business, Sanix outsourced development of its accounting software from Brists Software, a company that is a major software developer for large enterprise system. The software was fully licensed to Sanix and it was to facilitate the processing of accounting figures, generate graphical reports and charts, carry out financi al analysis and keep track of all audited contracts. A copy of the software was distributed to all branches and performed its roles independently. Because the system was incorporated almost 10 years ago, Sanix have felt that the system has fallen short of addressing its new challenges. This has been greatly outweighed by new taxation policies and rates that have been introduced in the recent times by U.K government and which its legacy accounting system does not support. Furthermore Sanix have been outstretched by the accumulated data they handle that works beyond the system’s capacity which demands not only a scalable system but also a networked environment. Recently Sanix have also spread its operations to four other smaller towns in remote U.K and mangling these new centers has become rigid and cumbersome. This is accrued to the lack of real time based accounting systems. All these have created bureaucratic tendencies in how they track contracts as well as added costs in e mploying more IT personnel to support their systems from distributed points. Convectional organization of current system The diagram below describes how Sanix’s present accounting system operates Analysis of the problem From Sanix problem statement, with regards to the use of their convectional desktop based software, there are several needs that present itself. These are: the need for scalability that is the need for a system that accommodates flexibility as requirements evolve over time. Secondly is the need for control (Grove, 2009 ). This requires a system that supports a distributed operation but one which can be handled from a centralized point of view. Also the need for a cost effective solution that is affordable to acquire and maintain. Web-based Application as a solution Suitability of web based approach Web based approach comes along with immense solutions that justifies itself as the best option to Sanix’s operation challenges. These are as follows: First o f all web based applications are cross platform. This is unlike the use of traditional installed software that has to be developed exclusively on given operating system. In this case Sanix have been running their accounting software on windows XP platform (Vincent Wade, 2006). This has often forced the company to rely on window based operating systems in order for its systems’ to run. With the adoption of a web based applica

How electricity is produced in nuclear power station Essay

How electricity is produced in nuclear power station - Essay Example A nuclear plant produces heat exactly in the same way as a thermal power plant does by converting the heat generated from the process into steam which is used to swing the blades of the turbine. But we know that the thermal power plant uses oil or coal to generate steam in order to produce electricity. However, the process in nuclear plant is much different since it does not consume fossil fuel to generate heat but rather it works through the process of nuclear fission. A nuclear power plant harnesses the power of atoms to create energy. As we know that the core of the atom is made up of particles called neutrons and protons. The process is initiated when an element such as Uranium is placed at the core of reactors in the rods and free neutrons are released into the core of the reactor. When a free neutron strikes with Uranium nucleus it starts splitting into smaller atoms which trigger the process of fission. When the process of fission sets off on the way, it splits the heavy atoms into multiple atoms by absorption of a neutron. Often in the case of Uranium Nucleus, when the neutron strikes it might split into two smaller nuclei of unequal fragments. During this process, a large amount of energy is exuded and simultaneously some neutrons are also emitted. As a result of this, neutrons start straying and are absorbed by nuclei of other atoms thus creating a chain reaction. The process is depicted in figure 1. Figure 1: Fission process Nuclear energy stems from the nuclear plants called reactor available in different forms such as Pressurized Water Reactor, Boiler Water Reactor etc. A nuclear reactor is made up of some major components; a moderator, fuel rods, control rods and the coolant. The turbine and the heat exchanger lie outside of the nuclear plant. The fuel rods generally have a diameter of 1 cm and they are approximately 11.5 feet long. These rods are assembled into large groups and they are placed at the core of the nuclear reactor and this is the pl ace where Uranium is kept. Control rods as the name suggests is used for controlling the chain reaction as they have a tendency to absorb neutrons. These control rods are connected to machines that can pull or push them to the core of the reactor. When they are fully lowered into the core, it halts the flow of fission process because they absorb all the free neutrons. Similarly, if these control rods are pulled, fission process can again stimulate as a neutron strikes the Uranium giving rise to more neutrons thus again triggering a chain reaction. The moderator also lies at the heart of the reactor and it functions to slow down the speedy neutrons which are flying all around the reactor. Neutrons which are bursting with unflagging energy travel at a lightning speed and they are able to pierce the nucleus of Uranium. Since the chain reaction increases at a blistering pace therefore there is a need to slow down the momentum of the process which can be done by the use of moderators. Th e moderator slows down and moderates the level of speed such that the neutron can be captured by the nucleus of the element in use which can trigger the process of fission. Heavy water is amongst the most common type of moderator although there are other options available too. Heavy water is different from the normal water H2O as it is made up of deuterium which