Importance Of Both Financial And Non Financial Motivation Commerce Essay

Importance Of Both Financial And Non Financial Motivation Commerce Essay It is widely believed that an effective management system of motivation in a company will directly influence employees to achieve their goals and businesses objectives (Accel-team, 2010). According to Accel-team (2010), motivation can be explained in financial and non-financial aspects. Financial rewards can be defined as using money as an incentive to employees for improving productivity. In contrast, non-financial rewards motivate employees by job enlargement, team working, and quality control circles etc. The below argument will show that financial and non-financial motivations are both determinants which affect employees through investigation. Taloy year pointed out that the best way to motivate people at work is by money. In other words, those workers who produce more in a fair day can receive more payment (Accel-team, 2010). The main reason for workers to go to work is that they can earn money to consume (Accel-team, 2010). Thus, workers are encouraged to work as efficient as possible they can (Accel-team, 2010). For example, Tesco is one of the top three retails in UK (Thetimes100, 2011). There are over 3700 stores and 440000 employees globally, which is very difficult to organize well (Thetimes100, 2011). However, Tesco makes good use of incentive payment to motivate employees (Thetimes100, 2011). Tesco not only give employees increased income, but also use targeted benefit to support the varied lifestyles of employees (Thetimes100, 2011). Furthermore, Fringe benefits prefer to provide their worker some in kind rather than in crash (Accel-team, 2010). For instance, company cars and private health insurance may lead to good performance of employees in a company (Accel-team, 2010). As another example that the fortune magazine states that Google is a company which is listed on the top 50 companies to best work for (Ezinearticles, 2008). Google provide their staff some usual perks which certain health cares and children facilities by allowing workers to bring their pets to work (Ezinearticles, 2008). The result for these series of Fringe benefits not only reduces the number of sick-leave days, but also can bring a good environment for workers. Nevertheless, financial rewards are not the only method that satisfies employees. There are non-financial rewards, which are as important as financial reward (Changingminds, 2011). Fredrick Herzberg of needs has claimed that both financial and non-financial rewards play significant roles in motivation (Changingminds, 2011). This is show in Figure 1, physiological need is at the bottom of the pyramid, such as wages for worker to be used each week or providing workers a good working environment (Changingminds, 2011). If the physiological needs are satisfied, employees needs will move to the next level which is called safety needs, such as living in a safe area or job security. As the level goes up in the pyramid, the financial factors will not satisfy the workers need while non-financial rewards motivate employees (Changingminds, 2011). Figure 1 (Changingminds, 2011) In order to motivate employees in higher levels in Maslows hierarchy of needs, it is necessary for business to consider more in non-financial rewards such as job enlargement and team work quality control circles. Job enlargement involves giving workers more jobs to avoid repeating doing the same job. In other words, they can change their jobs and tasks, so that they will not feel bored. For example, KFC invested more than 240 million Yuan for 20 million employees over a 17-year period when it entered China market ( Robroad, nd).The reason for KFC to use such a large amount of money to train their employees is that it aims to improve employees ability to deal with different jobs and tasks ( Robroad, nd). Meanwhile, team work is another good way to combine polled talents to work more efficiently. For example, one of the worldwide leaders in luxury automobiles BMW believed that teamwork helps workers trust each other and share their ideas by brainstorming, which hence helps the company run more efficiently (Swampfox, nd). Therefore, BMW spent thousands of money to make workers learnt how to trust and communicate better through a series of practice by using ultimate driving machine (Swampfox, nd). Finally, quality control circles are able to improve the nature of job directly. Staff can meet regularly to study and solve production problems. In addition, they also have abilities to help the company to make decisions. The well known computer company IBM does well in this area, employees in IBM can take part in decision making and bring some useful ideas for the company (Ocities, nd). At the same time employees feel that they are trusted and powerful when they were making an attempt to solve the problem (Ocities, nd). Therefore, non-financial motivation such as job enlargement, team work and quality control circles are also effective ways to motivate employees. In summary, it is necessary for a company to make sure what the employees really need and choose financial rewards or non- financial rewards to encourage them. There is no doubt that fair day pay and fringe benefits are still reasons why people keep working. However, non-financial rewards which include job enlargement, team work and quality control circles are more attracted for some higher educated employees, which are equally as important as financial rewards. Therefore, businesses need to balance each of them and make the most use of them to motivate the staffs. References Section: Accel-team (2010) [Online] Employee Motivation: Theory and practice Available at: http://www.accel-teamHYPERLINK http://www.accel-team.com/motivation/index.html.com/motivation/index.html Access Date: 12, March, 2011 Changingminds (2011) [Online] Maslows Hierarchy Available at: http://changingminds.org/explanations/needs/maslow.htm Access Date: 12, March, 2011 Ezinearticles (2011) [Online] Google sets the standard for a happy work environment Available at: http://ezinearticles.com/?Google-Sets-The-Standard-For-A-Happy-Work-EnvironmentHYPERLINK http://ezinearticles.com/?Google-Sets-The-Standard-For-A-Happy-Work-Environmentid=979201HYPERLINK http://ezinearticles.com/?Google-Sets-The-Standard-For-A-Happy-Work-Environmentid=979201id=979201 Access Date: 11, March, 2011 Qocities (nd) [Online] IBM Ideas Program Guide Available at: http://www.oocities.org/~keithgibby/ibm_ideas_prog_guide.htm Access Date: 12, March, 2011 Robroad (nd) [Online] KFC restaurant managers to do what the main job Available at: http://www.robroad.com/light-industry/index.php/restaurant-training-kfc/ Access Date: 12, March, 2011 Swampfox (nd) [Online] BMW delivers teamwork at Performance Center in Greer Available at: http://www.swampfox.ws/bmw-delivers-teamwork-at-performance-center-in-greer Access Date: 12, March, 2011 Thetimes100 (2011) [Online] Motivation theory in practice at Tesco Available at: http://www.thetimes100.co.uk/case-studymotivational-theory-in-practice-at-tesco132-396-3.php Access Date: 12, March, 2011

Comparing Common Characteristics of The Trial and Nausea :: comparison compare contrast essays

Common Characteristics of The Trial and Nausea I am happy I took the opportunity to explore Jean-Paul Sartre's Nausea and Franz Kafka's The Trial. These novels are considered by many to be two of the definitive works representing Existentialist philosophy. Many other authors have dealt with the subject of existence in the form of a novel, most notably Samuel Beckett (Molloy) and Albert Camus (A Happy Death). Existentialist ideas have even slipped into the works of authors such as Ernest Hemingway and Joseph Heller. The Trial and Nausea have a great number of common characteristics. Obviously, Existentialism is an important theme in both The Trial and Nausea. The background of this philosophy creates a solid foundation on which the novels develop. Both novels contain a high level of absurdity, which is used as a device to clarify common life experiences that are often overlooked. The protagonist in each novel is presented in an isolated environment. Each character deals with enormous inner turmoil while trying to find meaning in his life. Both novels were written in Europe in the late 1930's, at a time when World War II was beginning to invade the lives of Europeans. Hitler's dominance of human minds was most likely a strong influence on the thought processes displayed by the Existentialists. This mode of thought seems a reasonable reaction to the massive destruction of individual worth and freedom that takes place at times of war. The conceptions of existence have influenced many writers. A specific school of writers, the Existentialists, chose to focus solely on unraveling the mysteries of existence. Sartre and Kafka were two of the most influential and famous writers of the Existentialist school. Sartre, in addition to his acclaim as a novelist, received considerable acclaim as a philosopher. Some critics, on the other hand, were strongly opposed to any notion of the Existentialist mode of thinking.

Hyatt Curacao Management Team and Marketing Strategy Essay

According to Willemstad Curacao (2009), Diego Concha was been named broad manager of Hyatt Regency Curacao Golf Resort, Spa as well as Marina. He oversees the entire process of the 350-room resort, provides proficient control to a team of aggravated employees and adds his noted individual touch to guest dealings. Positioned along 1,500 acres of the Santa Barbara agricultural estate, a multi-faceted luxury resort society, The Hyatt Regency Curacao is seen. With refence to Agent at home Magazine(2010), Diego is the ultimate person to open Hyatt’s latest Caribbean resort, Carlos Cabrera is the higher-ranking vice president of ground operations for Hyatt Hotels Corporation. His experiences and proficiency in the area makes him supremely fit to help fuse Hyatt’s elevated level of values with the island’s rich artistic customs and refined contributions. There are five regional directors of revenue management who maintain the revenue managers and revenue maximization system. The regional directors are associated primarily by produce type, including huge convention, resorts and trade. The panel is dedicated to making Hyatt Regency Curacao the primary choice for leisure and commerce travelers in the Caribbean. And are dedicated to genuinely capturing the atmosphere of the resort. Hyatt uses a status of the art revenue management system to offer federal direction for pricing, division strategy and staff development. Revenue management, though, is supplementary than a computer system. It is an incorporated set of business process that brings together people and expertise, with the goal of accepting the market, anticipating customer behavior and responding fast to make best use of revenue opportunities that arise. Marketing strategy of Hyatt’s is planned to secure and build product value and awareness while gathering the specific business requirements of hotel operations. Creating and differentiating the brand location of Hyatt and our sub-brands is essential to growing Hyatt’s- brand first choice and demand, rate premium and linked business imperatives. Hyatt is paying attention on targeting the distinct consumer segments that each of our brands serves and sustaining the needs of the hotels by systematic analysis and appliance of data and analytics. There is a corresponding and integrated communication approach for the Hyatt master brand and each of the sub-brands from corner to corner in every distribution channel. They intend to retain and exploit the potential revenue of our existing customers and expand the number of new guests through an advertising approach powered by data and analytics. Sophisticated, quantitative strategic analytics and predictive model identify the most profitable customers, enabling Hyatt to leverage preference in all facets of marketing. The model is at present being utilized to enhance the value of our most loyal guests, the Gold Passport members, and inside three years, it will be activated all over the enterprise. Hyatt’s coordinated marketing initiatives gain a sub-set of hotels and resorts, as well as regional programs. Cost allotment is based on the balanced share of actualized room revenue for trailing twelve months of participating hotels in the beleaguered business segment. These include Summer Weekend vacation and Hyatt’s of Florida Group Marketing. It has full-service sumptuousness hotel will feature continuous water views on three sides, white sand beaches, a four-thousand square foot Hyatt Pure spa, separate twenty-four Hyatt Stay Fit fitness center, Camp Hyatt, several outdoor pools . The Corporate Marketing faction assigns a hotel marketing manager to each hotel to help market their personal property. The hotel marketing manager then assesses the property’s business requirements, issues and revenue- objectives and assists in the progress of the brand and promotional marketing programs. Hyatt’s marketing strategy is intended to secure and build brand value and awareness while meeting the precise business needs of hotel operations. Building and differentiating the brand location of Hyatt and our sub-brands is essential to increasing Hyatt’s brand preference and claim, rate premium and associated business imperatives. Hyatt is focused on targeting the diverse customer segments that each of our brands serves and sustaining the needs of the hotels by thorough analysis and use of analystics and data. Their intention is to retain and maximize the possible revenue of existing consumers and expand the number of new guests through a marketing approach powered by data and analytics. Sophisticated, quantitative planned analytics and predictive modeling identify the most profitable customers, enabling Hyatt to leverage partiality in all facets of marketing. The model is currently being utilized to improve the value of our most loyal guests, Gold Passport members, and in three years, it will be activated all over the enterprise. Coordinated Hyatt’s marketing initiatives benefit a sub-set of hotels with resorts, and also regional programs. In conclusion the business has been established in a manner that only good management can make it be what it is today. It consists of highly qualified personnel; this is from the manager to the staff. Hyatt Curaccao has a well market strategy with brand, analytic, field market, proper revenue management and management team. The Cost allocation is based on the balanced share of actualized room revenue for sprawling twelve months of participating hotels in the targeted business section this runs for a period of twelve months in order to stabilize the business. The Corporate Marketing group selects and assigns a hotel marketing manager to every hotel to help market their personal property. The marketing manager of the hotel assesses the business property, issues and revenue objectives and assists in the improvement of the brand and promotional marketing programs. This is all done in a professional manner.

Saying to in German With Nach and Zu

There are at least  half a dozen ways  to say to in German. But one of the biggest sources of to confusion comes from just two prepositions:  nach  and  zu. Fortunately, there are clear distinctions between the two. The preposition  nach, except in the idiomatic phrase nach Hause ([to] home, homeward), is used exclusively with geographic place names and points of the compass (including left and right). Most other uses of  nach  are in its meaning of after (nach der Schule   after school) or according to (ihm nach   according to him). Here are some examples of  nach  when it means to:  nach Berlin  (to Berlin),  nach rechts  (to the right),  nach Ãâ€"sterreich  (to Austria). Note, however, that plural or feminine countries, such as die Schweiz, usually use  in  instead of  nach:  in die Schweiz, to Switzerland.   The preposition  zu  is used in most other cases and is always used for to with people:  Geh zu Mutti!, Go to (your) mom! Note that  zu  can also mean too, functioning as an adverb:  zu viel, too much. Another difference between the two is that  nach  is rarely used with an article, while  zu  is often combined with an article or even contracted into a one-word compound, as in  zur Kirche  (zu der Kirche, to the church) or  zum Bahnhof  (zu dem Bahnhof, to the train station). Nach Hause  and  zu Hause Both of these prepositions are used with  Haus(e), but only  nach  means to when used with  Haus. The phrase  zu Hause  means at home, just as  zu Rom  means at/in Rome in that poetic, old-fashioned type of construction. Note that if you want to say to my house/place in German, you say  zu mir  (zu dative pronoun) and the word  Haus  is not used at all! The idiomatic expressions ​nach Hause and zu Hause follow the rules for nach  and zu  given above. Here are some more examples of the uses of  nach  and  zu  (as to): Wir fliegen  nach  Frankfurt.Were flying to Frankfurt. (geographic)Der Wind weht von Westen  nach  Osten.The wind is blowing from west to east. (compass)Wie komme ich  zum  Stadtzentrum?How to I get to the city center? (non-geographic)Ich fahre  nach  Frankreich.Im going to France. (geographic)Gehst du  zur  Kirche?Are you going to church? (non-geographic)Kommt doch  zu  uns!Why dont you guys come over to our place [to us]. (non-geographic)Wir gehen  zur  Bà ¤ckerei.Were going to the bakery. (non-geographic) Direction/Destination The preposition  zu  expresses the idea of heading in a direction and going to a destination. It is the opposite of  von  (from):  von Haus zu Haus  (from house to house). Although both of the following sentences can be translated as He is going to the university, there is a difference in the German meanings: Er geht  zur  Università ¤t. (The university is his current destination.)Er geht  an  die Università ¤t. (Hes a student. He attends the university.) Those Tricky Prepositions Prepositions in any language can be tricky to deal with. They are particularly susceptible to cross-language interference. Just because a phrase is said a certain way in English, does not mean it will be the same in German. As we have seen, both  zu  and  nach  can be used in many ways, and to in German is not always expressed with these two words. Look at these to examples in  English and  German: ten to four  (score)   zehn zu vierten to four  (time)   zehn vor vierI dont want to  Ã‚  ich will nichtto my delight  Ã‚  zu meiner Freudeto my knowledge  Ã‚  meines Wissensbumper to bumper  Ã‚  Stoßstange an Stoßstangeto town  Ã‚  in die Stadtto the office  Ã‚  ins Bà ¼roto a great extent  Ã‚  in hohem Grad/Maße However, if you follow the simple rules on this page for  nach  and  zu, you can avoid making obvious mistakes with those two prepositions when you want to say to. German Prepositions That Can Mean To All of the following prepositions mean several other things besides to: an, auf, bis, in, nach, vor, zu; hin und her  (adverb,  to and fro) Note that German also uses nouns or pronouns in the  dative case  to express to:  mir  (to me),  meiner Mutter  (to my mother),  ihm  (to him).