Your search returned over 400 essays for "Compensation"
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Compensation Plans: Targeting Incentives

- Incentive based compensation plans are one of the most conversed topics organizations that have been dealing with for quite some time. There have been several philosophies, formulas, and plans used but in the end, each type of plan has created unfavorable and optimistic results. The questions have always been whether the positive that comes from incentives plans are worth the challenges they create. In examining some of the plans that offer individuals, team based, and long-term incentives, they all vary in different ways that they are applicable, administered and designed, and beneficial to the organization’s objectives....   [tags: planning, financial performance, compensation]

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Managing Compensation Systems

- Managing Compensation Systems In our current business environment, there are several types of compensation programs for employers to choose from, and numerous combinations of these programs. Each plan is valid and valuable, but different companies, departments, and positions require different compensation plans. No matter what compensation program a company chooses, the program should balance internal equity and marketplace competitiveness. Before choosing a compensation program, a company should evaluate its culture and needs and perform a SWOT analysis before designing a roll out program....   [tags: Business Environment, Compensation Programs]

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Compensation Cases and Their Impact on China and Japan

- History and the notion of compensation are two key aspects in the study of Sino-Japanese relations. During the 1980s, the opening up by the People’s Republic of China’s government about war atrocities led a number of victims to seek reparations and apologies from Japan. Compensation cases were brought forward from the 1990s and broke the silence about what had ‘truly’ happened during the war. Moreover, the rapid spread of new information about the past prompted increased tensions between the two countries that had previously ignored the issue in order to privilege economic and diplomatic cooperation....   [tags: compensation, friendship treaty, sino-japanese]

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Considering Workers Compensation Insurance For Your Construction Business

- When considering workers compensation insurance for your construction business, it’s important to keep in mind the risks associated with the concrete industry. Some of the ways to protect your company from these risks include: • Securing insurance coverage for all employees based on their job description or class code • Ensuring that independent or subcontractors have their own workers comp coverage in place • Understanding your policy limits and whether the policy completely covers your risk. No matter how big or small the construction firm, if it has employees and works with the public, there are inherent liabilities each business owner faces....   [tags: Insurance, Workers' compensation, Employment]

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Executive Compensation

- For Sunan Pty Ltd to have a successful float, a detailed and well thought out compensation governance needs to be developed. The following recommendations have been built create a compensation package to help maximise shareholder interest for Sunan Pty Ltd. PRINCIPLES OF REMUNERATION Remuneration packages should be created to attract executives capable of motivating people, communicating a vision, and leading a company to success to achieving long-term shareholder value ***** Remuneration packages should reward success over short and long term periods with an emphasis on the long term ***** Remuneration packages should be fair to all stakeholders of the business REMUNERATION COMMITTEE T...   [tags: Business Compensation Payroll]

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Responsible Executive Compensation for a New Era of Accountability

- Compensation and the Chief Executive Officer Executive compensation has come under increasing scrutiny in recent literature in the wake of the growing publicity surrounding managerial failures and executive self-interest. Financial experts have long been examining the problem of aligning the performance of executives with their salaries and benefits. Public discontent with the visible top-heaviness of the compensation structure has brought this issue into the spotlight throughout the business world....   [tags: Executive Compensation and Social Responsibility]

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The Effects Of Compensation On Non Monetary Compensation

- ... What strengthens the desire to complete a task or attain a goal. This answer is different for each; however, the foundation lies with intrinsic and extrinsic rewards. Some employees prefer non-monetary over monetary compensation and vice versa. Non-monetary compensation correlates with intrinsic rewards, which are individual incentives motivating employees by boosting self-esteem (Reed & Bogardus, 2012). Monetary compensation relates to extrinsic rewards, which are outside influences increasing esteem (Reed & Bogardus, 2012)....   [tags: Motivation, Reward system, Quality management]

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Compensation is Key to a Successful Business

- Executive Compensation Business Key To run a successful business there are some master minds and professionals required who are not suppose to run the business only but should also know that how to take the business in the correct way and get more profit from that. They are not only focusing the current business location but also preparing the schedule for the future planning. The business is depends on the management and the managements is depends upon the managers, who are running the business in the smooth way....   [tags: salaries, benefits, management]

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Employee Compensation At The United States

- Employee Compensation Introduction With human resource management becoming the most comprehensive subject when it comes to the management of people in organizations, it is imperative to reiterate the importance of worker compensation in the confines of managing labor. The chief purpose of this term paper is to analyze the Soergel (1) report on the state of employee compensation in the U.S. Based on the report that was presented by the Labor Department of the United States; there were not changes in the patterns of employee compensation in the country....   [tags: Employment, Wage, Minimum wage]

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The Importance Of The Total Compensation Program

- Organizations are working hard in today’s world of business, not only to remain competitive, but also to focus on stability and structure. Employees are the backbone of an organization. It is becoming more important to offer quality HRM programs to staff, in order to support the retention of trained and experienced staff. Employees have always been concerned with salary however, there is a new focus emerging that looks at compensation as a whole entity. Monetary wages are now just as important as other benefits such as paid time off, medical and dental offerings and retirement....   [tags: Human resource management, Employment, Salary]

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Compensation and Benefit System Proposal

- Holland Enterprises is on a new strategic direction, to attract and retain the most talented employees and to reduce turn over. Human resource department has came up with a new compensation plan. In the propose compensation and benefits system plan , I will explain a new compensation plan for Holland Enterprises, also I will explain the components of the compensation and benefit system plan in order to attract and motivate employees to be productive . In order for the compensation and benefits system plan to be operational, the package should include a necessary level of compensations to fulfill basic needs, equity with the external labor market, equity within the organization (Henderson...   [tags: Business Proposal ]

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Intrinsic Compensation and Discretionary Benefits

- Compensation and Benefit Systems Intrinsic Compensation and Discretionary Benefits Intrinsic compensation refers to ability of workers to gain pleasure from their accomplishments of their daily activities. This pleasure acts as their reward or compensation of what they have individually done. This has the effect of making the workers enjoy their tasks. On the other hand, workers sometimes receive rewards on top of their salary or wages. These rewards are not mandatory for one to receive. These kinds of additional rewards are referred to as Discretionary benefits....   [tags: Employee, Rewards, Work System]

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Is Incentive Compensation A True Motivator?

- ... This article is accommodating to all leaders, professional, as well as, a new avenue into spirituality motivation in the workplace. Gollwitzer, P. M. (2014). Weakness of the will: Is a quick fix possible. Motivation and Emotion, 38(3), 305-322. doi:http://dx.doi.org/10.1007/s11031-014-9416-3 The author demonstrate the ability to set goal, by one’s own standards, and consider the duration as an intent to apply strategies with self-control. Also, this study gives example how to implement a goals with personal commitment, and the ability to stand firm with their decision regardless of others point of view....   [tags: Motivation, Maslow's hierarchy of needs]

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The Debate Over CEO Compensation

- This paper will discuss the reasons why CEOs are not being overpaid. It will apply the utilitarian ethical principle to many a few aspects to CEO compensation and whether or not it is justifiable for such pay. The paper will look at whether or not their performance is justifiable for the pay because they play such a big role in the livelihood of the company along with the principle agency theory and how it is being addressed for the benefit of the shareholders and others involved with the company, the supply and demand of the CEOs, and the paper will describe the comparison of other professions to help link the idea of CEOs being fairly compensated....   [tags: money, shareholders, company]

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Employee Compensation and Islamic Ethics

- From the Islamic perspective, one major drawback in this organization compensation policy is organizational injustice towards employee. According to Abulhassan (2006), Islamic principles are concerned with justice and fairness. Organizational justice is essential as it represent employee’s perception about fair treatment in organization (Murtaza et al, 2011; Prof. Dr. Muhammad Ehsan Malik et al, 2011). Greenberg and Baron (2003) found that organizational justice comprised of employee’s perception toward distribution of outcome and perceived fairness....   [tags: Islamic ethics case study]

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Financial and Non Financial Compensation

- The chapters for week four were interesting to me because compensation, both financial and nonfinancial, and safety are important to me in the workplace. Until this class, I had only every considered these topics from the view of the employee, not the employer. I have learned that it is important to look at the issues from both standpoints in order to get a clear picture of the issues. This week I chose several subtopics within these chapters that are the most profound to me. These include determinants of direct financial compensation, nonfinancial compensation, and the benefits of health and safety....   [tags: learning journal week four]

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Pay For Performance Compensation Plans

- ... As Harvard professor, Thomas D. Casserly, Jr. states, “effective incentive systems should focus on effective organizational learning and growth, process improvements, and customer-related metrics and milestones” (as cited by Paton, 2009, para. 13). To meet the needs of a diverse workforce, a plan can include several different reward methods including salary, short and long-term incentives, benefits, training and development and recognition. Employees must view short-term individual goals as “tangible and achievable” (Yerre, 2012, para....   [tags: Motivation, Employment, Management, Plan]

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Case Analysis : Compensation Practices

- ... From my experience (I would like to share one of my practices in my country) the public employees in the Government have fixed salaries, based in the level and grades that they are. Example: All directors of Departments have the same level of compensation. However, since Government was lacking certain professional capacities because of low and fixed salaries, recently the Government has established the “brain-gain fund”, in order to attract more professionals (from specific profiles) to apply for jobs in Government....   [tags: Employment, Money, Labour economics]

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Financial Compensation for Organ Donation

- In the United States, there are over one hundred thousand people on the waiting list to receive a life-saving organ donation, yet only one out of four will ever receive that precious gift (Statistics & Facts, n.d.). The demand for organ donation has consistently exceeded supply, and the gap between the number of recipients on the waiting list and the number of donors has increased by 110% in the last ten years (O'Reilly, 2009). As a result, some propose radical new ideas to meet these demands, including the selling of human organs....   [tags: Moral Issues]

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Effects of Compensation on Health

- Compensation plays a huge role in many areas of American society. One of the most important, may be the health of the individuals living in our society. The amount of compensation an individual receives can have a great impact on the individual’s health and the health of their family. Things like income, quality of health insurance, amount of stress, and quality of food consumed are all factors that could contribute to the overall health of a person. 4 Income will many times determine whether or not a person goes to the doctor....   [tags: Income, Nutrition]

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College Athletes Deserve Compensation

- ... The NCAA and the colleges earn enough money made by college athletes, to get the athletes out of poverty. The NCAA’s greatest fear about paying student athletes is the money itself. They worry it will be spread thin between all the sports departments, but with all the money circulating around the college sports industry, they should not have any concerns. The two most popular college sports, football and men’s basketball, generate over $6 billion in annual revenue combined; more than the amount the National Basketball Association (NBA) makes (Nocera, 2)....   [tags: sports industry]

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Californian Workers' Compensation Law

- Question Presented: Under Californian workers’ compensation law can a worker receive workers’ compensation and when the injury was self-inflicted, and when their participation in the activity was voluntary, and when the activity took place after the work day and when the worker did not want to say no to their supervisor and when they were anxious to get on their boss’s good side and while during the activity business was discussed and when the company built the court for a director of sales, and when the director believed that inviting employees to play was a great way to get to know their employees, to increase morale and camaraderie at the company but when at the activity the employee’s in...   [tags: the case of Lance Baldwin]

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Compensation for College Athletes

- The Bible states in Proverbs 22:7, “The rich rules over the poor, And the borrower becomes the lender's slave.” The rich NCAA and universities rule over the poorer student athletes. These student athletes are borrowing an education with their scholarships and in return are expected to become the slave of the university. The student athletes live in the debt of the university and frequently don’t have enough money for clothes, food, and basic needs. This is just one of the many reasons why college student athletes should be compensated for a percentage of what the university makes due to their success....   [tags: student, revenue, servent]

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Worker's Compensation

- Worker’s compensation is a form of insurance that provides replacement of wages and medical services to employees injured during the course of employment.1 The system is administered and regulated on a state-by-state basis. In the state of Florida, employees must report an injury or accident within 30 days of its occurrence to their employers. Following acknowledgement of the accident, the employer must report the injury to the insurance company within 7 days.2 The insurance company must determine if the work-related injury is covered under Florida law....   [tags: process, insurance, physical therapy]

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Unjust Compensation

- Each year, high school athletes are given scholarships to compete in collegiate level sports. Most people see this as an excellent opportunity for students, but is that really the case. Do these athletes really need this money to attend college and have a better life. I think not. College athletes shouldn’t receive monetary compensation because scholarships should be for academic achievement, playing at the collegiate level is not yet a career, and the love of the sport can be lost. Scholarships should be awarded to scholars, not athletes....   [tags: Athletics]

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Benefits Of An Effective Compensation And Benefit System

- Attracting and retaining the most talented employees is essential for long-term organizational success. An important component to attracting and retaining such employees is the design and implementation of an effective compensation and benefit system. Assuming the role of a highly regarded human resource consultant hired to review, analyze, and revise the compensation and benefit system utilized by my city’s largest employer, Holland Enterprises, this paper presents a revised compensation and benefit strategy that suits the firm....   [tags: Employment, Employee benefit, Wage, Organization]

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Overview of Executive Compensation in United States

- This paper will fundamentally provide a substantive evaluation of how executive compensation correlates with the firm’s performance in the listed corporate firms in the United States. Equally important, such firms which are the beneficiaries of the public funding are entitled to expressly owe the public authorities the obligation to regulate the executive compensation levels. The paper will also delineate the regulatory approaches in U.S. along with the issues facing the executive compensation since the start of the dramatic economic crisis....   [tags: Corporate Governance, Economic Crisis]

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Employee Compensation Programs

- Benefits have most definitely changed throughout the past years. According to Compensation, during 1880 people worked approximately 14 hours every single day except on Sundays and would only receive a raise if they stayed with the company for five years and if the company prospered during that time (Gerhart, 2011, p. 414). Over the next couple of years, employees began seeing work hours change from 60-64 hours per week to 54 hours by the year 1930. Eventually, employees were able to have holidays off to enjoy with families, but they still did not receive pay for those off days, though....   [tags: Business Management ]

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Proposed Compensation Scheme for Nike, INC.

- Since the 1980s, it has been established that there must be a strong association between employee compensation and business strategy (Hufnagel, 1987). However, the development of strategically-oriented compensation scheme is a complex endeavor that requires consideration of numerous factors. Some of these elements are evolving employee needs, changing employee and societal demographics, the changing sexual composition of the labor force as well as transforming qualifications of job applicants (Dawson, 1995)....   [tags: Employees, Offshore, Factory]

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Walmart Compensation Package for its Employees

- ... The most beneficial is internal consistency, it defined each position, and employees are paid based on skill level and qualification. Internal consistency encourages trust with people; it is a sign that a system has been designed, and not patched together. When an employer pays the wages of the internal value of the each job, depending on the work performed the employee is getting paid for the service rendered. Typical factors are considered such as educational requirements, experience and overall responsibilities necessary for the job functions (Romanoff, Boehm, & Benson, 1986)....   [tags: business, market, competitors]

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Compensation Act 2006

- Negligence as a tort is defined as a breach of a legal duty to take care which results in damage to the claimant. It has been established that in order to raise liability and succeed in negligence claim, the claimant must show that the defendant owes him a duty of care, that this duty has been breached, and that he suffered damage or loss which is within the scope of the duty. However, the question of whether a breach of a duty of care has occurred, involves two elements: how much care is required to be taken (in other words; the standard of care) and whether that care has been taken....   [tags: Negligence]

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The Challenges and Trends in Compensation in the Public Sector

- Introduction The purpose of this research paper is to review the challenges and trends in compensation in the public sector from an interdisciplinary view of local, state, and federal agencies human resources. Public sector human resource management continues to experience many challenges in the ever-changing workforce. Through the phases of the employee life cycle, human resource managers are required to keep compensation to the forefront in forming a strategic organization. Of those challenges, budget cuts, which affect pension plans, and tenure, are some of the areas of concern for human resources amongst government agencies....   [tags: human resources, benefits, employees]

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The Compensation Culture: Cliché or Cause for Concern

- ‘The Compensation Culture: Cliché or Cause for Concern?’ This essay is focused on assessing the argument of the author, Hand, in his article on compensation culture. It will begin by providing a definition of the term ‘compensation culture’. In the first part, the essay will utilize research criteria covered in the syllabus in order to efficiently criticize the article. Secondly, it will consider the contribution made by this article in relation to compensation culture, before making a conclusion....   [tags: Article Analysis ]

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Minamata Patients’ Life and Minamata Compensation

- ... Although they got the compensation, their life was not really easy. One thing we should bear in mind is no cure for the Minamata disease. The patients should spend their life going to hospitals for treatments to reduce pain and rehabilitation. They also faced tough discrimination from other people. People didn’t want to get closer to them as people were afraid to be infected. Some people also chose not to tell to their relatives. However, there are some people who bravely confirmed their status and decided to be Kataribe....   [tags: certification, discrimination, expenses]

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Compensation For Today 's Average Worker

- tro: Compensation for today 's average worker has always been a highly sensitive topic for any employer. Determining fair compensation can be a overbearing task as there are many contributing factors that make up the general pay scale. When determining pay a company must always consider the hourly amount, the benefits that may be offered, any incentive that could potentially be incurred and ensuring that their employee have an established work life balance. For an employer to be successful in determining compensation for their associate they must remain grounded around 1 key principle....   [tags: Employment, Wage, Salary, Minimum wage]

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College Athlete Compensation

- College Athlete Compensation Imagine working 40 plus hours a week, and you start very early in the morning and sometimes go into the night working to be the best. Sometimes you even work more than that. Imagine having a job and not getting paid, but, rather, you were just doing it because you loved it. That’s what a college athlete’s life is like; they play because they love it but don’t even get a dime. Would you still do your job if you didn’t get paid. College athletes should get paid to compensate their hard work....   [tags: payment, ncaa, sports]

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Detrimental Effects of Extended Unemployment Compensation

- Detrimental Effects of Extended Unemployment Compensation Most every individual, family, and even the nation as a whole experience lean times and periods of great prosperity. During seasons when the economy is not doing well, unemployment rises, causing individuals and families to face unplanned financial hardship. President Franklin D. Roosevelt recognized the need for a temporary financial bridge for those facing the dilemma of lost income and led the way in establishing unemployment insurance in the 1930’s....   [tags: Economics, Unemployment Essays]

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Compensation For Organ Donation : The Sale Of Organs

- Compensation for Organ Donation The sale of organs is a very controversial topic and has been illegal in the United States of America since 1984 (“Legislative Chronology”). Selling organs can have many benefits and negative outcomes for both the people giving their organs and the people receiving the organs. Since organ sales are illegal nearly everywhere this business is quite risky and dangerous. Although, organ sales have helped some very impoverished people who are desperate for money. The system of selling organs is complex and has many positive reasons to be legal and many negative reasons for the sale of organs to remain illegal....   [tags: Organ donation, Organ transplant, United States]

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Executive Compensation and The Free Market System

- Summary: Many academic institutions, such as Cornell University and the University of North Carolina, define an argument is a main idea, often called a claim, backed up with evidence that supports the idea. The purpose of this paper is to analyze arguments made by Mr. R. Thomson about the excessive executive pay and weather he succeeded in presenting a clear and convincing argument. Introduction: Mr. Roger Thompson is Editor of the HBS Alumni Bulletin. In his article “Excessive Executive Pay: What’s the Solution?” Harvard Business School, he raises a critical economic issue about the relationship between the recent economic meltdown and the excessive executive pay....   [tags: Business Administration]

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Selective Optimization With Compensation Model Of Aging

- ... Lastly, compensation, which is essentially finding new strategies or ways around something if a loss were to occur or if a plan did not go as planned. An example of compensation would be hearing the loss in older adulthood, a new strategy would be to seek out medical attention and get a hearing aid. In being educated as to what the SOC Model of Aging is, applying the model to an aging plan can be executed. In my family, there are many biological/physical and social/psychological occurrences....   [tags: Old age, Ageing, Gerontology, Death]

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Injuries of Zack Smith and the Compensation Claim

- Table of Contents: Introduction: ................................................................................................................4 Summary: ................................................................................................................. Overview of Karate Group members:..........................................................................6 Level of Cohesion between group members: …………………………………………7 The Norms of the Group members: ……………………………….. Current Stages of Group development:……………………………………………9 Group Dynamics and their problems: ………………………………....   [tags: group theory and skills]

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Compensation Culture And Its Effects On The Mass Media

- Introduction From the 1990s, the reports that cover the compensation cases increased dramatically in the mass media (Almond, 2004). There is a view that a huge number of tort cases in the ‘compensation culture’ are unjustified and unfair. In the mid-1990s, the term ‘compensation culture’ first appeared in a famous British newspaper (Levin, 1993). Actually, this is an extreme view, which will be criticized in this paper. This essay emphasizes the compensation culture is a myth (Morris, 2007). There are three reasons: Firstly, the data of the tort claims declined in recent years....   [tags: Tort, Tort reform, Tort law, Punitive damages]

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Accounting for Compensation at a Company

- Re: Murray Compensation, Inc. Facts Murray Compensation, Inc. (Murray), an SEC registrant that provides payroll processing and benefit administration services to other companies, granted 100,000 “at-the-money” employee share options on January 1, 2006. The awards have a grant-date fair value of $6, vest at the end of the third year of service (cliff-vesting), and have an exercise price of $21. Subsequent to the awards being granted, the stock price has fallen significantly. On January 1, 2008, Murray decreased the exercise price on the stock options to $12....   [tags: Accounting Case Study]

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The Pros and Cons of Using Web-based Compensation Tools

- Technology and the Internet has made many business functions easier, faster, and expanded the reach of many processes. e-Compensation is one of those processes that has benefited from technology; it has made knowing what similar job salaries and compensation easier to access and for management to determine what it should take to retain vital talent within an organization. This paper will discuss the advantages and disadvantages of web-based compensation tools, how it supports the job evaluation process, the advantages and disadvantages to centralized approach to merit pay programs, discuss integrated analytic features needed for compensation planning and decision support in e-Compensation s...   [tags: Pro Con Essays]

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Components of Compensation paid to Employees

- A rigorous review of compensation and all its components Compensation is what is paid to an employee, whether in the form of wages, salary or incentives by the employer for a specific amount of time, skill and effort made available by the employee in fulfilling specific job requirements (Biesheuval, 1984). Compensation is important in organisations as it conveys information to an employee about their relative importance to the organisation and provides a scale to identify how much recognition they are receiving for their contribution (Harley and Stephenson, 1992)....   [tags: wages salary incentives work employer job]

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Effectively Managing Employee Compensation and Benefit Packages

- ... A disadvantage of this approach is that there may be discrepancies between the expatriate and other host country employees with similar responsibilities. In addition, it is oftentimes “expensive and inefficient” (Barns-Green, 2013, p. 13) due to taxation by the host country. A host country approach is desirable for employees that will be an expatriate for an extended period of time. An advantage of this approach is that it provides “equality between the expatriate and his or her new local peer group” (Barns-Green, 2013, p....   [tags: globalization and human resource management]

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compensation

- Basis For Compensation Premier Conferencing basis for compensation is based on individual, team/organizational efforts. Premier’s associates are their greatest assets and they work collaboratively to achieve a rare degree of success to satisfy their client’s unique needs. In doing this, Premier’s employees work hard at their jobs to provide outstanding service to their customers, therefore received above average pay, both individual, team players, and organizational. It’s great that Premier Conferencing emphasizes on having fun in the workplace while being productive and successful in increase sales and commissions....   [tags: essays research papers]

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702 words | (2 pages) | Preview

Marshall& Gordon Company; Designing an Effective Compensation System

- Case 1: Marshall& Gordon Company; Designing an Effective Compensation System In April 2010, KK BB, the CEO of Marshall & Gordon, a leading public relations firm met with the firm’s leadership committee off-site in Miami. This off-site brought together Marshall & Gordon’s executive committee, practice and regional heads, and senior HR officers to discuss on redesigning the firm’s compensation system. A global advisory taskforce, under the direction of an external consulting firm, had spent three months collecting and analyzing data....   [tags: rules, laws, performance management system]

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Should Colledge Athletes Receive Compensation for Playing?

- ... Sharon Law, a former teacher believes ”that I believe that any student that is accepted into a university setting should be considered equals. By paying athletes, this would separate him or her from their peers and cause favoritism and negativity among their peers and professors.” She believes that if an athlete were to be paid, this would take away from learning, and would certainly be a distraction to other students. Favoritism is brought on by the payment of athletes. This is due to the fact that the school puts so much on the shoulders of these teachers to make sure the athletes pass....   [tags: students, education, NCAA]

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Employment Compensation Of The North Carolina Department Of Commerce

- ... As you can see, you will need to have a legitimate reason for quitting your job, not quitting just because you can’t handle the responsibilities, duties, or the fact that you don’t get along with another coworker. Basically, you are more likely to receive unemployment benefits when you are available to work full time and not only part time. Secondly, is retiring from the job. This is where your retirement would be voluntary or involuntary. In the “If you were to retire” section, it says, “If the reason for the retirement is because the job has become unsuitable in light of your physical condition and the degree of risk to health and safety, you may be eligible for benefits provided you r...   [tags: Unemployment, Unemployment benefits, Employment]

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A Procative Approach To Improving Minor League Baseball Compensation

- ... Figure 1 These numbers do not take into account insurance premiums or clubhouse dues, both of which are deducted from each paycheck. These figures are much lower than the salaries received by major league players. Once a player is placed on a club’s 40-man roster, he is entitled to the minimum salary prescribed in the Basic Agreement, which for 2014 is $500,000 for MLB service and $81,500 for MiLB service. Historically, while the average minor league salary has risen by just 75 percent since 1976, the average MLB salary has risen by approximately 2,000 percent thanks in part to union representation and open markets....   [tags: salary, drafts, education]

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Compensation and Cost Cutting: An Example of the BP Company

- This form of compensation encourages and is encouraged by the “glorification of self-interest” or the “selfish syndrome” (Mintzberg, Simons & Basu, 2002, p. 67). Mintzberg et al. (2002) criticize Jensen and Meckling’s (1976) narrow view of economic man or homo-economicus, where everyone and everything has a price and corporations exist to maximize shareholder value achieved ostensibly by the ‘CEO as hero’. This pervasive “glorification of self-interest” and ‘CEO as hero’ are examples of extreme individualism that have resulted in senior executive pay and conditions exploding since the 1990’s, which continues today even after recent asset bubble crashes have left a trail of economic and socia...   [tags: Contracts, Employees, Management]

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Why Shareholders Should Have A Say On Executive Compensation

- The following is an essay which discusses the issue of whether Shareholders should have a say on Executive Compensation. Corporate governance can be defined as a set of procedures by which an organisation is regulated. The framework ensures transparency and accountability in business dealings whilst taking into account stakeholders’ interests. Executive Compensation, a formerly marginalised topic in British society and corporate world, has been brought to the frontline of British society by extensive media coverage, due to the subprime mortgage disaster which caused the collapse of some banks, most notably, RBS and Lehman Brothers....   [tags: Management, Corporate governance]

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The Comprehensive Environmental Response, Compensation, and Liability Act

- ... Hooker Chemical drained the canal and lined it with canal to prevent the soon to be deposited barrels of chemicals from leaking. During the period Hooker Chemical used the dump over 21,000 tons of chemical waste. Later on, the company sold the land to the Niagara Falls School Board for $1.00. Immediately afterwards, a series of winters which brought heavy rainfall lead to the leeching of chemicals into creeks, basements, backyards, and the school playground. Consequently, President Jimmy Carter realizing the graveness of the situation, called for a state of emergency, leading to the evacuation of 239 families.2 After the Love Canal Disaster, politicians and the general public alike were...   [tags: industrial waste, laws]

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1431 words | (4.1 pages) | Preview

College Athletes Should Receive Extra Compensation

- College athletes should receive a full scholarship and extra compensation from their school's profits during the athletic season. If you created millions of dollars of revenue for an organization, would you think you deserve some of the cut. College athletes are being used by universities as a means of underpaid labor. The college athletes are confused on their identity as a student. They are different in some ways and the same as other college students when it comes to compensation. College athletes create massive revenues for universities and deal with many unjust rules....   [tags: NCAA, scandals, corruption]

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1897 words | (5.4 pages) | Preview

The Foundation For Effective Job Performance And Compensation System

- ... In other words, it forms the basis for pay and benefits negotiation. It helps to compensate employees accurately based on their job grades or values, and hence avoid issues of inequity and indifference at the workplace. To ensure effective job evaluation process, market-driven and job worth systems are largely used. While market-driven system is determined by the existing pay grade or structure in the opened market based on workforce demand and availability for particular positions, job-worth system depends on the value of the job or position to the organization....   [tags: Employment, Labour economics, Recruitment]

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1078 words | (3.1 pages) | Preview

The Comprehensive Environmental Response, Compensation, and Liability Act

- The superfund program, which was better known as just the superfund, is also known as the Comprehensive Environmental Response, Compensation, and Liability act (CERLA) of 1980 was developed by the federal government as a way to preserve the ecosystem and to clean up toxic, uncontrolled, abandoned hazardous waste sites. The Superfund program cleans up any hazardous waste, be it abandoned, accidentally spilled, or illegally dumped; any of which may pose a threat to future or current health or the environment....   [tags: Comprehensive Environmental Response]

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867 words | (2.5 pages) | Preview

Environmental Response, Compensation And Liability Act Of 1980

- The Environmental Protection Agency’s (EPA) Superfund program was established by the Comprehensive Environmental Response, Compensation and Liability Act of 1980 which was enacted after the discovery of toxic waste dumps in the 1970s. The law allows the EPA to clean up abandoned hazardous waste sites and to compel responsible parties to execute a cleanup effort or have the EPA perform the cleanup and have the responsible parties reimburse the government for doing the work. In 1983, the EPA placed The Tucson International Airport Area (TIAA) on the National Priority List (NPL) because of high levels of volatile organic compounds (VOCs) including trichloroethylene (TCE), perchloroethylene (PCE...   [tags: Water pollution, Water, Superfund]

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946 words | (2.7 pages) | Preview

Receptionist Compensation Case Analysis

- PROBLEM What should Harvey Finley do with the compensation scheme of Cathy Brannen, given her contribution and the present standing of the Troupville Business Systems. OBJECTIVES  To establish a compensation package that would be fair for Cathy Brannen and the rest of the Troupville employees.  To keep Cathy Brannen in the company with an arrangement that is agreeable to her and the company.  To find an alternative solution that would justify the 2% override on Cathy Brannen’s compensation. AREAS OF CONSIDERATION • Salary scheme of other employees in managerial positions....   [tags: Business Employee Retention ]

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795 words | (2.3 pages) | Preview

Employee Compensation and Turnover

- Employee Compensation and Turnover Often, "an excessively high turnover rate compared to the industry standard is a symptom of problems within the organization" (Gomez-Mejia, Balkin & Cardy 1998). Managers must realize that "high staff turnover can prove costly, particularly to small businesses" (Oliver 1998). Strategies have to be crafted that will minimize turnover and the costs associated with it. Although strategies used to retain employees can be expensive, turnover is a cyclical problem that usually becomes more expensive in the long run (Brannick 1998)....   [tags: Human Resources Management]

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2630 words | (7.5 pages) | Preview

Strategic Management, Compensations And Employment Concepts

- Introduction Managers have always understood how important interpersonal skills are to their effectiveness. Recognizing the importance of developing those same interpersonal skills is tied to the need for businesses to obtain and retain high-performance employees. Managers get things done. They also get things done through other people. Utilizing the concepts of organizational behavior is crucial to being an effective owner and manager. Understanding creativity, innovation, motivation, the strengths and weaknesses of employees, roles of management, and the different styles of leadership are all important functions of management....   [tags: Employee Compensation]

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1673 words | (4.8 pages) | Preview

Workers? Compensation

- Workers’ compensation is meant to protect employees from loss of income and to cover extra expenses associated with job-related injuries or illness. Accidents in which the employee does not lose time from work, accidents in which the employee loses time from work, temporary partial disability, permanent partial or total disability, death, occupational diseases, noncrippling physical impairments, such as deafness, impairments suffered at employer-sanctioned events, such as social events or during travel to organization business, and injuries or disabilities attributable to an employer’s gross negligence are the types of injuries and illnesses most frequently covered by workers’ compens...   [tags: essays research papers]

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787 words | (2.2 pages) | Preview

Why Dog Attacks Occur and Who Are the Main Culprits

- Have you ever been or seen someone attacked by a dog. Dog attacks are a growing problem in the U.S today, often resulting in the euthanasia of usually non-aggressive dogs. Instead of direct euthanasia, these are the three details we need to focus on; we need more compensation because aggressive behavior displayed by dogs is usually a form of communication not a direct act of violence. Statistics of dog attacks have been running since the 1980’s, keeping tabs on the amount of attacks based upon breeds....   [tags: compensation and euthanasia]

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1025 words | (2.9 pages) | Preview

Workers Compensation Fraud

- Workers Compensation Fraud Worker's Compensation is a service that provides reimbursement for lost wages to employees who have sustained injuries from work or work-related tasks. It is also one of the services that is most often the victim of fraud. Each of the three types of fraud, claimant, employer, and provider, is defined by the same characteristics, outlined by the Ohio Board of Workers Compensation:  Receiving workers' compensation benefits that are not entitled to the claimant;  Making false or misleading statements with the purpose of securing goods or services under the Workers' Compensation Act;  Altering, falsifying, destroying, concealing, or remov...   [tags: Papers]

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1576 words | (4.5 pages) | Preview

Is Financial Compensation Beneficial Or Detrimental In An Empowerment

- Introduction What is an Empowerment . Basically empowerment means giving the employee the ability to do their work, i.e. through the right training, the right environment, the right information, the right tools and the authority that they need. It is thought that by giving the employee increased power and responsibility that the employee will have increased motivation. Organisations have developed a number of new programs in which it is hoped that employees will have empowerment and so increased motivation....   [tags: essays research papers fc]

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1368 words | (3.9 pages) | Preview

Employee Compensation Plan

- Career Development Plan Summary Online Course It has come to my attention that the team will be restructured. The following proposal includes a job description and qualifications, training program, method for evaluating employee and team performance, challenges of a team performance evaluation, incentive and benefits package, strategies for managing employees careers development and a compensation plan. The team will take on new responsibilities that require the hiring of additional personnel and training for new and current employees....   [tags: Business Human Resources]

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1569 words | (4.5 pages) | Preview

Motivation: Reward System and the Role of Compensation

- Motivation: Reward System and the Role of Compensation The design and management of reward systems present the general manager with one of the most difficult HRM tasks. This HRM policy area contains the greatest contradictions between the promise of theory and the reality of implementation. Consequently, organizations sometimes go through cycles of innovation and hope as reward systems are developed, followed by disillusionment as these reward systems fail to deliver. Rewards and employee satisfaction Gaining an employee's satisfaction with the rewards given is not a simple matter....   [tags: Papers Management Business Essays]

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2351 words | (6.7 pages) | Preview

Performance-based Compensation - Pay for Performance

- Performance-based Compensation - Pay for Performance Corporations are looking for new ways to improve employee performance as well as remain competitive. Pay for performance is one method some businesses are utilizing to improve employee performance. Performance-based compensation exists when compensation is tied directly to that portion of an individual’s performance that can be effectively measured. There are a number of ways in which this may be accomplished and a number of examples as well how it is applied....   [tags: Job Working Business]

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2553 words | (7.3 pages) | Preview

Pay-For-Performance and Productive Workforces

- The company did not truly have a pay-for-performance process. In fact, what it did have was a pay-for-profitability process, commonly known as a profit sharing program. There is a substantial difference between pay-for-performance and profit sharing, both in terms of how the process is structured and how the payouts are determined. Profit sharing is a program based quite simply on how much profit the company makes, regardless of performance. In certain times, a company may not perform very well yet still make a profit....   [tags: business, compensation]

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1167 words | (3.3 pages) | Preview

The Evolution of Executive Compensation from The Early 20th Century to Today

- The Evolution of Executive Compensation from The Early 20th Century to Today Executive compensation has been studied for many years. While the average person probably does not think about it on a daily basis, it is necessary to watch trends. Tracking the amount of money they make as well as the bonuses, stock options, and other benefits shows how these executives are making such high rates of pay compared to the ordinary worker. Tracking how much an executive makes began in the 1930’s. Since this time not only has it been tracked but there have been many changes in the type of tracking, the tax laws and what is available as compensation....   [tags: executive pay, customization, differentiation]

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922 words | (2.6 pages) | Preview

Effective Incentive Compensation For Sales Employees During Tough Economic Times

- Summary: Fernando R. Jiménez, Richard A. Posthuma, and Michael A. Campion authored the Organizational Dynamics journal article, “Effective incentive compensation for sales employees during tough economic times.” Jiménez and Posthuma are professors at University of Texas at El Paso and Campion is the professor of management at Purdue University’s Krannert School of Management. The professors examine what incentive compensation for sales employees will be effective, especially during tough economic times....   [tags: Employment, Salary, Sales, Motivation]

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939 words | (2.7 pages) | Preview

Social Ties, CEO Compensation, and Mutual Fund Voting Patterns

- 1 Introduction Social connections between parties seem to matter for financial transactions. Cohen, Frazzini, and Malloy (2008) document that the trades made by mutual fund portfolio managers who invest in companies run by people with whom they have social ties (specifically, an overlap in educational background) outperform substantially the other trades made by the same portfolio managers in firms with which they have no social connections. In this paper we examine the effect of whether the type of social ties studied by Cohen, Frazzini, and Malloy (2008) appear also to be related to the executives’ compensation....   [tags: Business Management]

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Compensation of Temperature Effects on Guided Wave Based Structural Health Monitoring Systems

- Compensation of Temperature Effects on Guided Wave Based Structural Health Monitoring Systems Introduction Structural health assessment of structures based on ultrasonic piezoelectric sensors that have the capability to emit and record Lamb waves has developed greatly in recent years. The point has been reached where aerospace manufacturers can acquire complete off the shelf monitoring solutions composed of embeddable sensor networks, acquisition units and necessary software. Pre-established sensor networks can be fitted into composite structures opening the doorway towards permanent health monitoring and remaining service life assessment....   [tags: Temperature, Structures]

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620 words | (1.8 pages) | Preview

Adapting to the Digital Culture: Rethinking Rights and Compensation within the Music Industry

- Music can possess a lasting power to influence the lives of listeners and inspire future works of art. Copyrights give artists and their production teams a monopoly over their intellectual creations insuring their compensation is relative to their audience’s appreciation of the work for a set period. The U.S. Copyright Law in it’s inception saw the value of limiting this monopoly in order to encourage innovation of creative works. Over the years, a complex system of royalty compensation developed based on these copyrights divvied amongst all players within the collaborative production of sound recordings....   [tags: Music Industry]

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811 words | (2.3 pages) | Preview

Should Student Athletes Receive Compensation for Upholding a Higher Standard?

- ... If an athlete would have volunteered not participate in the game. He would he would been suspended from the game and might risk the possibility of being suspended from school. Athletic programs are heavily funded through boosters, major sport endorser, and merchandise sales. Alumni and special interest group invest a lot of money to the athletic program. The alumni banquet often celebrates after a big game or major victories against rival opponents. Student athletes have to participate or make guest appearances to help make money for their schools athletic programs....   [tags: sponsors, morals, ncaa]

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924 words | (2.6 pages) | Preview

Duckworth Industries - Incentive Compensation Programs Case

- Duckworth Industries - Incentive Compensation Programs Case In the current case, Team A examines Duckworth Industries, Inc. - an industrial manufacturer - in order to evaluate its current and proposed incentive compensation programs. Analysis and recommendations follow. Duckworth Industries, Inc., has several incentive compensation programs for different levels of employees, each designed to address different problems or productivity issues. For plant-level employees, Duckworth has an attendance bonus program to reduce tardiness....   [tags: Business Management Studies]

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Indemnity is Immunity from Responsibility for Damages

- Indemnity Indemnity in the legal sense means immunity from responsibilities for damages. This immunity is attained by a contractual agreement between two parties on a particular issue. In the agreement, one party decides to pay for any future damages or losses caused by the second party on agreed issues. In other words, the second party will not be held responsible for any damages or losses. Indemnity will be paid in terms of monetary benefits or by repairs/replacements. The indemnity payments will be made in accordance with the contractual agreement....   [tags: contract, compensation, clinical trials]

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985 words | (2.8 pages) | Preview

Compensation for Living Human Organ Donation is Unethical

- Compensation for Living Human Organ Donation is Unethical As technology continues to progress the feasibility of organ transplantation becomes a commonplace. It is very common for organs to be donated after one passes if it is the wishes of the deceased. As the supply of organs from the deceased is greatly outnumbered by the number of patients on waitlists living donors becomes an issue. Many times a relative or close friend is willing to give up an organ to help save a life. The question is: Is it ethical to accept a monetary payment in exchange for an organ to save a life....   [tags: Argumentative Persuasive Argument Essays]

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1404 words | (4 pages) | Preview

Are You Entitled to File a Personal Injury Claim?

- ... Documentary evidence is key to bolstering the legal feasibility of personal injury claims. Make sure that you have photographs of injuries, witness testimonies, insurance logs and other relevant documentation to hand before contacting us about your personal injury compensation claim. If you are considering trying to claim compensation for a road traffic accident (however major or minor) you will need to review the details of the event carefully. Although road traffic law contains many nuances, a good generalisation is that if you are found to have suffered a collision (or other personal or property damage) due to the reasonably avoidable negligence of another person or organisation of pe...   [tags: lawyer, compensation, claim]

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701 words | (2 pages) | Preview

California Laws Should Be Mandatory Cash Benefits

- ... The health care provider that you use, must be authrpized by Califronia 's Workers ' Compensation Board, with the exception of an emrgency scenario. 2) Advise After you have sought medical treatment, notify your manager about the injruy as well as the cirumctances that lead up to said illness or injury as soon as you can. If you fail to notify your emploer within a time span of 30 days, chances are that you 'll lose your right to receive benefits from the workers ' compenation program. In the event you sustained an occuptaional disease you need to make sure that you advise your manager about this, within 2 years of which the illnes amnfiested itslef, or within a time span of two years r...   [tags: Insurance, Workers' compensation]

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1090 words | (3.1 pages) | Preview

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