Concept Comparison and Analysis - 1416 Words

Concept Comparison and Analysis Jessica Watts NUR 513 July 2nd, 2012 Coleen Lucas Concept Comparison and Analysis Core concepts are the basis for a theory or model; concepts help in the development of theories. Theorists have developed different models or theories but have common core concepts. This paper will identify the core concept of ‘the role of nursing,’ which two theorists, Dorothea Orem and Virginia Henderson both utilized. We will compare and analyze the concept definitions among both theorists, and discuss the practical use of Orem’s self care theory. Core Concept The core concept of ‘The role of nursing’ was used in both Dorothea Orem’s self care model and in Virginia Henderson’s nursing care model. Dorothea†¦show more content†¦14), for example adjusting to a new job or adjusting to bodily changes, such as menopause. Health deviation self care is required in conditions of illness, disease, or injury. Health deviation is seeking, securing, modifying, learning, and effectively carrying out medically prescribed measures. Theory of Self Care Deficit Orem’s theory of self care deficit specifies when nursing is needed. â€Å"Nursing is required when an adult (or in the case of a dependent, the parent) is incapable or limited in the provision of continuous effective self care† (Current Nursing, 2010, para. 16). Orem’s created five methods of helping; which are acting for and doing for others, guiding others, supporting one another, providing an environment that promotes personal development, and teaching one another. Theory of Nursing Systems Orem describes how the patients self care needs will be meet by the nurse, patient, or both in her theory of nursing systems. â€Å"The design and elements of a nursing system defines the scope of nursing responsibility in health care situations, defines general and specific roles of nurses and patients, and defines reasons for nurses’ relationship with patients† (Current Nursing, 2010, para. 17). Orem recognized that members of the health profession usually develop specialized technologies. â€Å"A technology is systematized information about a process or a method forShow MoreRelatedConcept Comparisons and Analysis Theories1667 Words   |  7 PagesConcept Comparison and Analysis across Theories UOP Theoretical Foundations of Nursing NUR/513 Concept Comparison and Analysis across Theories Nursing theory is relatively new and as such, it continues to evolve as new knowledge is gained. There are numerous theories of nursing, each of which took years to develop and most of which continue to evolve and adapt. There are commonalities between and among the existing theories although each may focus more heavily on different aspects of responsibilitiesRead MoreConcept Comparison and Analysis Across Theories1051 Words   |  5 PagesConcept Comparison and Analysis Across Theories Nur 513 May 19, 2014 Theory is the core of nursing and nursing process. It describes, explains and predicts the uniqueness of a phenomenon. Theory is analysis and examine to determine the viability in the world of professional nursing. Concepts is the framework and foundation of the theory which consist of concrete and abstracts. The purpose of this paper is to select a core concept that is common to two nursing theories. Compare and AnalysisRead MoreConcept Comparison and Analysis Across Theories1775 Words   |  8 PagesConcept Comparison and Analysis Across Theories Ryan Velasco University of Phoenix NUR/513 March 13, 2012 Noura Kassis Ed.D., R.N. Concept Comparison and Analysis Across Theories Nursing as a profession has evolved through the contributions of practicing nurse theorists who have worked rigorously toward improving the way nurses approach the art and science of nursing. Through theory development, nursing models, and their conceptual frameworks, they have provided a foundationRead MoreConcept Comparison and Analysis Across Theories1882 Words   |  8 PagesConcept Comparison and Analysis Across Theories Julie McKay NUR/513 Theoretical Foundations of Practice December 06, 2014 Stephanie Vaughn Ph.D. R.N. CCRN A concept is a term that theoretically describes and names a fact or phenomenon, thus providing it with a separate identity or meaning. Nurses use theories to clarify the events through nursing practice. A concept analysis provides insight to nursing knowledge and understanding of the concepts allows nurses to determine nursing actionsRead MoreConcept Comparison and Analysis Across Theories1773 Words   |  8 PagesConcept Comparison and Analysis across Theories â€Å"Nursing theory is the term given to the body of knowledge applied to support nursing practice. Nursing theory is a framework designed to organize knowledge and explain phenomena in nursing, at a more concrete and specific level. A nursing theory is a set of concepts, definitions, relationships, and assumptions or propositions derived from nursing models or from other disciplines and project a purposive, systematic view of phenomena by designingRead MoreConcept Comparison and Analysis Across Theories Paper1713 Words   |  7 PagesConcept Comparison and Analysis across Theories Paper NUR 513 August 6, 2012 Comparison and Analysis Theories Paper The heart of nursing has always been caring. Since the start of professional nursing with Florence Nightingale, theorists have been writing about caring. This paper highlights three caring theories Madeleine Leininger, Jean Watson, and the combine theory of Patricia Benner and Judith Wrubel these theorists each has developed a theory of caring. ThisRead MoreConcept Comparison and Analysis Across Theories Essay1793 Words   |  8 PagesConcept Comparison and Analysis Across Theories NUR/513 October, 22, 2012 Delores Diehl Concept Comparison and Analysis Across Theories Nursing is a science that has many theories to support the beliefs and clinical practice of the profession. One core concept prevalent in many nursing theories is caring. Theorist Jean Watson and Madeleine Leininger are both nursing theorists who developed theories around caring and nursing. The subject of discussion in this paper is the comparison and analysisRead MoreApplication Of Concept Analysis For Clinical Practice1414 Words   |  6 PagesApplication of Concept Analysis to Clinical Practice The article selected for the Application of Concept Analysis to Clinical Practice was the article named â€Å"Nurse Competence: A Concept Analysis† by Ms. Sarah Smith. The article’s purpose is to deduce the use of Rodgers’ evolutionary method and how it pertains to nursing. The article states that nurse competence is not a destination but rather a journey that gets longer the more you learn (Smith, 2012). This article establishes that, by obtainingRead MoreTheories And Theories Of Nursing Essay1211 Words   |  5 Pagestheories are applied in the nursing process, there are various concepts from the respective theory that are introduced and utilized. A concept is defined as â€Å"an abstract term derived from particular attributes† (Kerlinger, 1986 as cited by McEwen Wills, 2014, p. 50). Concepts can be abstract, relatively concrete, and are the variables that are used to test theories and a hypothesis (McEwen Wills, 2014)Click and drag to move. In nursi ng, concepts are used in â€Å"practice, research, education, and administration†Read MoreThe Impact Of Teacher Professional Development Essay859 Words   |  4 Pagesteacher professional development, as well as, a problem-based curriculum on gifted, elementary student’s science achievement. The study compared two groups of students in grades second through fifth by placing them into a treatment group versus a comparison group. Over the course of a two-year period, STEM starters provided 120 hours of professional development to teachers in a problem-based, inquiry learning curriculum through 30 hours of summer workshops and 30 hours of sustained coaching during

Study Of Business Companies In Colombo Stock Exchange - Free Essay Example

Sample details Pages: 10 Words: 2870 Downloads: 10 Date added: 2017/06/26 Category Business Essay Type Analytical essay Did you like this example? Capital structure is most significant discipline of companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s operations. The Study attempts to identify the impact of Capital Structure on Companies Performance. The analyze has been made Financial year from 2005 to 2009 (05 years) financial year of Business companies in Sri Lanka. The results shown the relationship between the capital structure and financial performance is negative association at -0.114.. F and t values are 0.366, -0.605 respectively. It is reflect the insignificant level of the Business Companies in Sri Lanka. Hence Business companies mostly depend on the debt capital. So that, they have to pay interest expenses much. 1. Introduction To understand how companies finance their operations, it is necessary to examine the determinants of their financing or capital structure decisions. Company financing decisions involve a wide range of policy issues. At the private, they have implications for capital market development, interest rate and security price determination, and regulation. At the private, such decisions affect capital structure, corporate governance and company development (Green, Murinde Suppakitjarak, 2002). Knowledge about capital structures has mostly been derived from data from developed economies that have many institutional similarities (Booth 2001). It is important to note that different countries have different institutional arrangements, mainly with respect to their tax and bankruptcy codes, the existing market for corporate control, and the roles banks and securities markets play. Capital structure refers to a mixture of a variety of long term sources of funds and equity shares including res erves and surpluses of an enterprise. The historical attempt to building theory of capital structure began with the presentation by Modigliani miller (MM)(1958). They revealed the situations under what conditions that the Capital structure (CS) is relevant or irrelevant to the financial performance of the listed companies. most of the decision making process related to the CS are deciding factors when determining the CS, a number of issues e.g. cost, various taxes and rate, interest rate have been proposed to explain the variation in Financial Leverage across firms (Van Horne,1993; Hampton,1998; Titman Wessels,1998).these issues suggested that the depending on attributes that caused the cost of various sources of capital the firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s select CS and benefits related to debt and equity financing The relationship between capital structure and financial performance is one that received considerable attention in the finance literature. How important is the concentratio n of control for the company performance or the type of investors exerting that control are questions that authors have tried to answer for long time prior studies show that capital structure has relating with corporate governance, which is the key issues of state owned enterprise. To study the effects of capital structure or financial performance, will help us to know the potential problems in performance and capital structure. Don’t waste time! Our writers will create an original "Study Of Business Companies In Colombo Stock Exchange" essay for you Create order 2. Literature Review Modigliani and Miller(M M)(1958) wrote a paper on the irrelevance of capital structure that inspired researchers to debate on this subject. This debate is still continuing. However, with the passage of time, new dimensions have been added to the question of relevance or irrelevance of capital structure. MM declared that in a world of frictionless capital markets, there would be no optimal financial structure (Schwartz Aronson, 1979). This theory later became known as the Theory of Irrelevance. In M Ms over-simplified world, no capital structure mix is better than another. M Ms Proposition-II attempted to answer the question of why there was an increased rate of return when the debt ratio was increased. It stated that the increased expected rate of return generated by debt financing is exactly offset by the risk incurred, regardless of the financing mix chosen. Brander and Lewis (1986) and Maksimovic (1988) provide the theoretical framework that links capital structure and ma rket structure. Contrary to the profit maximization objective postulated in industrial organization literature, these theories are similar to the corporate finance theory in that they assume that the firms objective is to maximize the wealth of shareholders. Furthermore, market structure is shown to affect capital structure by influencing the competitive behavior and strategies of firms. Firms in an oligopolistic market will follow the strategy of maximizing their output in favorable economic conditions to optimize profitability (Brander Lewis 1986). The theory also holds in unfavorable economic conditions; firms would take a cut in production and reduce their profitability. Shareholders, though, while enjoying increased wealth in good periods, tend to ignore a decline in profitability in bad times. This is due to the fact that unfavorable consequences are passed in to lenders because of shareholders limited liability status. Therefore, the oligopolistic firms, in contrast to fi rms in competitive markets, would employ higher levels of debt to produce more when opportunities to earn higher profits arise. The implied prediction of the output maximization hypothesis is that capital structure and market structure have a positive relationship. In corporate finance, the agency costs theory supports the use of high debt, and it is consistent with the prediction of the output maximization hypothesis. Jensen and Meckling (1976) argue that the shareholders-lenders conflict has the effect of shifting risk from shareholders and of appropriating wealth in their favor as they take on risky investment projects (asset substitution). Hence, shareholders, and managers as their agents, are prompted to take on more borrowing to finance risky projects. Lenders receive interest and principal if projects succeed, and shareholders appropriate the residual income; however, it is the lender who incurs the loss if the project fails. It is difficult and costly for debt holders to be able to assess and monitor Huson, and Nazrul Hisyam. (2008) examined that the relationship between ownership structure and company performance has been issue of interest among academics, investors and policy makers because of key issue in understanding the effectiveness of alternative governance system in which government ownership serve as a control mechanism. Therefore, this study examines the impact of alternative ownership/control structure of corporate governance on firm performance among government linked companied (GLCs) and Non-GLC in Malaysia. It is believed that government ownership serve as a monitoring device that lead to better company performance after controlling company specific characteristics. We used Tobins Q as market performance measure while ROA is to determine accounting performance measure. This study is based on a sample of 210 firms over a period from 1995 to 2005. We use panel based regression approach to determine the impact of ownership mechanism o n firms performance. Findings appear to suggest that there is a significant impact of government ownership on company performance after controlling for company specific characteristics such as company size, non-duality, leverage and growth. The finding is off significant for investors and policy marker which will serve as a guiding for better investment decision. Mohammed Omran (2001) evaluates the financial and operating performance of newly privatized Egyptian state-owned enterprises and determines whether such performance differs across firms according to their new ownership structure. The Egyptian privatization program provides unique post-privatization data on different ownership structures. Since most studies do not distinguish between the types of ownership, this paper provides new insight into the impact that post-privatization ownership structure has on firm performance. The study covers 69 firms, which were privatized between 1994 and 1998. For these newly privatized fi rms, these study documents significant increases in profitability, operating efficiency, capital expenditures, and dividends. Conversely, significant decreases in employment, leverage, and risk are found, although output shows an insignificant decrease following privatization. The results also show that Egyptian state-owned enterprises, which were sold to anchor-investors and employee shareholder associations, seem to outperform other types of privatization, such as minority and majority initial public offerings. B.Nimalathasan and Brabete (2010) pointed out that Dept equity ratio is positively and strongly associated to all profitability ratios in Listed Manufacturing Companies. 3. Conceptual Frame Work Based on the Litteratures, the following conceptual model is constructed. It shows that hypotgesized the relationship between capital structure and Performance of listed Business companies in Sri Lanka Debt Equity CS GP NP FP ROE ROI 4. Objectives The main objective is to find out the impact of Capital Structure on Financial Performance of the Business companies in Srilanka. To achieve the above objective the following sub objective are considered To identify the relationship between capital structure and performance To determinants of a capital structure 5.0 Hypotheses The following hypothesis is formulated for the study H1:- The capital structure has significant impact on financial performance. H2:-Capital structure is significantly correlated with financial performance 6.0 Methodology To produce the above mentioned research objective, the data for this study was gathered from the financial statements as published by Business Companies. In addition, another source of data was through reference to the review of different articles, papers, and relevant previous studies. For this purpose, collecting data of Business firms is used which are listed on Colombo Stock Exchange.. All firms are taken for the study representing the period of 2005-2009, and the average values of each item was considered for the purpose of ratio computation and analysis. 6.1 Mode of Analysis 1.Capital structure Role of debt and equity Debt ÃÆ'—100 equity Debt ÃÆ'—100 Total funds Total funds 2.Financial Performance Gross profit Gross profit ÃÆ'—100 Net Sales Net Sales Net profit Net profit Net profit ÃÆ'—100 Sales ROA PAIT ÃÆ'—100 Assets ROI/ROCE Investment PBIT ÃÆ'—100 Equity 7. Results and Discussions 7.1 Correlation Analysis Correlation is concern describing the strength of relationship between two variables. In this study the correlation co-efficient analysis is under taken to find out the relationship between capital structure and financial performance. It can be said that the what relationship exist among variables Capital structure correlated with R value R2 value Gross profit 0.360 0.1296 Net profit 0.110 0.0121 ROI -0.104 0.0108 ROA -0.196 0.0384 Performance -0.114 0.0129 7.1.1 Capital structure and Gross profit Table I Variables Capital structure Gross profit Capital structure 1 0.360 Gross profit 0.360 1 It shows the relationship between gross profit and capital structure variables. There is a weak positive relationship between two variables. The correlation is 0.360. significant level is 0.01. the co-efficient of determination is 0.1296. that is only 12.96% of variance in the capital structure is accounted by the gross profit. So, There is a weak positive relationship between capital structure and gross profit 7.1.2 Capital structure and Net profit Table II Variables Capital structure Net profit Capital structure 1 -0.110 Net profit -0.110 1 It illustrates the relationship between net profit and capital structure variables. There is a weak negative relationship between two variables. The correlation is -0.110. Significant level is 0.01. The co-efficient of determination is 0.0121. That is only 1.21% of variance in the capital structure is accounted by the net profit. 7.1.3 Capital structure and ROI Table III Variables Capital structure ROI Capital structure 1 -0.104 ROI -0.104 1 It indicates the relationship between ROI and capital structure variables. There is a weak negative relationship between two variables. The correlation is -0.104. Significant level is 0.01. The co-efficient of determination is0.0108. that is only 1.08% of variance in the capital structure is accounted by the ROI. 7.1.4 Capital structure and ROA Table IV Variables Capital structure ROA Capital structure 1 -0.196 ROA -0.196 1 It shows the relationship between ROA and capital structure variables. There is a weak negative relationship between two variables. The correlation is -0.196 significant level is 0.01. the co-efficient of determination is 0.0384. that is only 3.84% of variance in the capital structure is accounted by the ROA. 7.1.5 Capital structure and Financial performance Table V Variables Capital structure Financial performance Capital structure 1 -0.114 Financial performance -0.114 1 It illustrates the relationship between performance and capital structure variables. There is a weak negative relationship between two variables. The correlation is -0.114. Significant level is 0.01. The co-efficient of determination is 0.0129. that is only 1.29% of variance in the capital structure is accounted by the performance. 7.2 Regression Analysis Regression analysis is used to test the impact of financial performance on capital structure of the listed companies traded in Colombo stock exchange 7.2.1 Capital structure and Gross profit Table VI Model R R Square Adjusted R Square Std.Error of the Estimate 1 0.360a 0.129 0.098 0.32306 The above table shows the weak positive correlation between the capital structure and gross profit. Table VII Model Un standardized Coefficients Standardized Coefficients t sig B Std.Error Beta 1(constant) Capital structure 0.187 0.047 0.073 0.023 0.360 2.556 2.039 0.016 0.051 The above table indicates the coefficient of correlation between the capital structure and gross profit. multiple r2 is 0.1296. only 1.29% of variance of gross profit is accurate by the capital structure. But, remaining 98.21% of variance with gross profit is attributed to other factors. 7.2.2 Capital structure and Net profit Table VIII Model R R Square Adjusted R Square Std.Error of the Estimate 1 0.110a 0.012 -0.023 0.36514 The above table shows the weak negative correlation between the capital structure and net profit. Table IX Model Un standardized Coefficients Standardized Coefficients t sig B Std.Error Beta 1(constant) Capital structure 0.124 -0.015 0.083 0.026 -0.110 1.498 -0.584 0.145 0.564 The above table indicates the coefficient of correlation between the capital structure and net profit. Multiple r2 is 0.012. Only 1.2% of variance of net profit is accurate by the capital structure. But, remaining 98.8 % of variance with net profit is attributed to other factors 7.2.3Capital structure and ROI Table X Model R R Square Adjusted R Square Std.Error of the Estimate 1 0.104a 0.011 -0.025 115.19484 The above table shows the weak positive correlation between the capital structure and ROI. Table XI Model Un standardized Coefficients Standardized Coefficients t sig B Std.Error Beta 1(constant) Capital structure 31.283 -4.563 26.050 8.250 -0.104 1.201 -0.553 0.240 0.585 The above table indicates the coefficient of correlation between the capital structure and ROI. Multiple r2 is 0.011. Only 1.1% of variance of ROI is accurate by the capital structure. But, remaining 98.9% of variance with ROI is attributed to other factors 7.2.4 Capital structure and ROA Table XII Model R R Square Adjusted R Square Std.Error of the Estimate 1 0.196a 0.039 0.004 0.10866 The above table shows the weak positive correlation between the capital structure and ROA. Table XIII Model Un standardized Coefficients Standardized Coefficients t sig B Std.Error Beta 1(constant) Capital structure 0.099 -0.008 0.025 0.008 -0.196 4.020 -1.060 0.000 0.298 The above table indicates the coefficient of correlation between the capital structure and ROA. multiple r2 is 0.039. only 3.9% of variance of ROA is accurate by the capital structure. But, remaining 96.1% of variance with ROA is attributed to other factors 7.2.5 Capital structure and Financial performance Table XIV Model R R Square Adjusted R Square Std.Error of the Estimate 1 0.114a 0.013 -0.022 0.98395 The above table shows the weak positive correlation between the capital structure and performance. Table XV ANOVA b .354 1 .354 .366 .550 a 27.109 28 .968 27.463 29 Regression Residual Total Model 1 Sum of Squares df Mean Square F Sig. Predictors: (Constant), Capital_structure a. Dependent Variable: Performance b. Table XVI Model Un standardized Coefficients Standardized Coefficients t sig B Std.Error Beta 1(constant) Capital structure 0.704 -0.043 0.223 0.070 -0.114 3.162 -0.605 0.004 0.550 The above table indicates the coefficient of correlation between the capital structure and performance. multiple r2 is 0.013. only 1.3% of variance of performance is accurate by the capital structure. But, remaining 98.7% of variance with performance is attributed to other factors. 8. Concluding Remarks Correlation analysis explains, there is a weak positive relationship between gross profit and capital structure (0.360).at the same time, there is a negative relationship between net profit and capital structure (-0.110).it reflects the high financial cost among the firms. ROI and ROA also has negative relationship with capital structure at -0.104, -0.196 respectively. It is focused on the overall point of view of the relationship between the capital structure and financial performance. There is a negative association at -0.114. Co-efficient of determination is 0.013. F and t values are 0.366, -0.605 respectively. It is reflect the insignificant level of the Business Companies in Sri Lanka. Business companies mostly depend on the debt capital. Therefore, they have to pay interest expenses much. 8.1 Testing of Hypotheses Statistical Techniques Results Correlation -0.114 Co à ¢Ã¢â€š ¬Ã¢â‚¬Å"efficient of determination -0.0129 Based on the empirical results of this study, H1this hypothesis come false .Because in this study the empirical results shows that there is a insignificant negative relationship H2: à ¢Ã¢â€š ¬Ã…“There is a positive relationship between the capital structure and firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s financial performanceà ¢Ã¢â€š ¬?. At the first step of testing the hypothesis(H1), hypothesis (H1) was considered and tested for its validity. It has the following result between the capital structure and firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s financial performance measured by performance measures such as ROA , ROI ,Net profit margin and etc. Based on the above evidence gathered, the H2 was rejected. Because research result is negative relationship between the capital structure and firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s financial performance. H0: à ¢Ã¢â€š ¬Ã…“there is a negative relationship between the capital structure and firmà ¢Ã¢ ‚ ¬Ã¢â€ž ¢s financial performanceà ¢Ã¢â€š ¬?. After the rejection of H1, the Null hypothesis (H0) was tested for its validity. H0 was accepted based on the above evidence gathered. it has been provided that there is a negative relationship between the capital structure and firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s financial performance(-0.114). 9.0 Suggestions and Recommendations The following suggestions are recommended to increase the Companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s financial performance based on capital structure. Performance standards should be established and communicated to the investors. This will help investors to achieve the standard and take better investment decisions. Identifying weaknesses of investment may be best one to improve the firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s financial performance, because it indicates the area which decision should be taken. Motivating the investors to help to achieve the high level of firmà ¢Ã¢â€š ¬Ã¢â€ž ¢s financial performance.. Political changes are very important factor in the share market. It is also determine the firm performance. Therefore, political should possible to increase the financial performance of the listed companies. Inflation and exchange rate also affect the listed companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s performance. So, government should consider the economic growth to control the inflation.

Problems with Ethnicity and Race in the Classroom - 855 Words

EDUC 1104: Ethnicity and Race remain significant problems in today’s British education system. Discuss. In today’s British education system there still are significant problems regarding ethnicity and race. The problems include the idea that specific races are not doing as well as their counterparts even though they may be taught in the same way yet there are suggestions to say that the education system is institutionally racist. Can this explain why some races do better than other races? Ethnicity relates to cultural differences that may exist as different social groups, whereas race relates to biological differences such as skin colour, eye shape and hair texture and is seen as a social construct that has little or no scientific justification. Sociologists prefer to use the term ‘race’ as they see it as being more useful for the analysis of different social groups. Certain types of sociologists believe that race impacts a child from achieving in education however others do not. Functionalists believe that we live in a meritocratic society, in a sense that we wil l do well in education if we work hard however it is argued that there are barriers in education preventing a child from achieving success. The main issues here are why certain races do better in education, what are the macro and micro reasons for differences between races, the statistics on race performance and factors that improve a child’s chances of getting high grades at school. Marxists believe that theShow MoreRelatedEssay On Legal Alien1084 Words   |  5 Pagesjudged for their ethnicity in some way at least once throughout their life. Ethnicity is the most important element of culture that influences one’s view of the world as proved by the poem Legal Alien, and the short stories, Two Ways to Belong in America, Indian Father’s Plea, and By Any Other Name. [Libby] One connection to ethnicity being the most significant to how someone views the world is Legal Alien. 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Employee Motivation, Recognition, Rewards, and Retention Kicking It Up a Notch! Essay Sample free essay sample

Weaver employs more than 400 squad members at of?ces in Austin. Dallas. Fort Worth. Houston. Midland. Odessa. and San Antonio. Texas. Operating of?ces in disparate geographical countries nowadayss challenges in set uping uni?ed patterns across all locations. Furthermore. concern enlargement fueled by acquisitions and organic growing nowadayss challenges in keeping an ambiance where employees feel connected and accessible to spouses and senior directors. While a larger work force may compare to more expansive capablenesss for functioning clients. it besides presents challenges for acknowledging and honoring the aspirations and parts of persons. Weaver is non immune. either. from economic force per unit areas impacting the United States. in general. and the geographic parts the ?rm serves. While each CPA ?rm faces speci?c human resources concerns. the assortment of employee motive. acknowledgment. wagess. and retention stairss Weaver has taken may be adapted to turn to changing fortune s. Motivation Evaluate compensation rates. Compensation is a motivative factor for employees. and turn toing that factor in dif?cult economic times is non easy. Conducting a market analysis twice a twelvemonth. nevertheless. ensures that compensation degrees remain within a competitory scope. Select office locations that promote greater work/life balance. Having offices located near eating houses. film theatres. gyms. and other mercantile establishments for refreshment and relaxation makes it easier for employees to keep a balance between professional and personal fulfilment. De?ne calling waies for promotion. While non every person aspires to make the spouse or seniormanager degree. employees want to cognize that chances exist for calling promotion. Sharing career way cognition with housemans. associates. and others during enlisting and employment interviews provides that way and the consciousness that promotion is possible within the ?rm. Supply ample feedback. Employees want to cognize their work meets outlooks. Engagement reappraisals provide feedback for speci?c assignments. Semi-annual and one-year public presentation reappraisals provide feedback on more expansive degrees and assist employees to place and achieve touchable ends for betterment. Opportunities for employees to supply feedback sing spouse public presentation besides enable persons to help in spouse leading development attempts. Plan employee activities for exterior of the of?ce. Employees spend considerable clip with their coworkers and may merely cognize them as professional co-workers. and non as persons. Charitable and recreational activities outside the of?ce provide chances for chumminess and common regard to develop among coworkers. Such feelings nurture greater cooperation and teamwork within the of?ce. Maintain regular communicating among ?rm leaders and employees. In a larger ?rm with of?ces in multiple metropoliss. employees should be famil iar with other employees and their duties. They should besides experience connected to the ?rm’s leading. With of?ces in separate parts. it is likely that feelings of physical and organisational distance will develop between employees and senior direction. Therefore. it helps to hold an accessible spouse in each location. That partner’s presence enables persons to hold person in a leading place they can speak with. who is familiar with their parts. Supplementing that spouse entree with regular communicating from the ?rm’s CEO and other leaders and employees enhances that sense of connexion. Employees are cognizant so of the ?rm’s critical issues. signi?cant achievements. and the activities of their equals. Employees feel a greater sense of committedness when such information is freely shared. Recognition Publicize events that matter to an person. Publicizing employee mileposts ( e. g. . birthdays and employment day of remembrances ) and posting congratulatory messages via an on-line employee-communications portal or 6 NOVEMBER 2011 other medium supports employees connected and provides frequent acknowledgment chances. Such mileposts should happen often throughout the twelvemonth. Honor public presentation that exem plifies the firm’s nucleus values. Employees whose public presentation best reflects the qualities most valued within the house should be recognized and rewarded for their work. Such an award non merely awards specific persons. but besides defines for others what it means to represent nucleus values. Acknowledge the value of volunteerism. Persons want to be involved in assisting their communities and professions. They want to cognize that a ?rm supports their voluntary attempts. Such attempts promote good will. community grasp. and concern development chances for a ?rm. Acknowledging persons for their volunteerism nurtures all of those bene?ts. Name out an outstanding new employee. Supplying an one-year award for the best new employee encourages that individual to go on presenting public presentation. That award helps set up benchmarks of excellence for future new employees. Laud impressive concern development attempts. Acknowledging an person for developing new concern signi?es the importance those activities play in spurring a ?rm’s growing. Rewards Establish a plan that incorporates short-run. come-at-able ends. Offer wagess that are accomplishable throughout the twelvemonth sustains the positive impact associated with showing one-year awards. These awards encourage employees to go on to give their best atte mpt. Such programs can be modeled. for illustration. on the wagess plans offered by assorted recognition card issuers. De?ned point sums may be given for an employment day of remembrance or other similar event. every bit good as for work-related achievements. By offering legion chances to roll up points. employees can ever come on toward wages ends. Offer points that matter to employees. Wagess need to be meaningful to an person. One of the bene?ts of utilizing a points-based wages system is that legion reward points can be offered for different point sums. Available points can be displayed on a ?rm’s intranet. Some employees may value a java mug or a gift card to a eating house or film theatre. while other employees may value an iPad. By integrating ?exibility into a rewards plan. employees may work toward gaining points they truly want. Retention Generate meaningful prosodies and comparings sing turnover. Employee turnover will ever happen. Measuring turnover on a monthly footing and comparing that information to industry norms illustrates any higher-than-expected going rates. That information lets directors know that human resource concerns may necessitate farther attending. Solicit issue interview accounts from going employees. Offer going employees the chance to take part in anon. issue interviews. The anon. nature enables employees to honestly discourse grounds for go forthing. Employees may go forth to relocate to different parts of the state. to get down households. or to establish new callings. Some may choose for early retirement. Such interview responses indicate what a ?rm could hold done to alter an individual’s determination and whether any issues exist that require immediate attending. Be ?exible with work agendas. Some employees have household duties during standard work hours. while others work better during different hours of the twenty-four hours. Employees have changing precedences in their personal and professional lives. and those precedences may alter during the class of their callings. Offering ?exible scheduling enables employ ees to achieve greater work/life balance. which makes them more likely to remain with the ?rm. Technological capablenesss besides allow employees to work from place at least some yearss each hebdomad. Give fillips for mentioning other employees to the ?rm. Employees know the civilization and values of their ?rm. They may besides cognize persons whom they feel would ?t in good with the ?rm. Offering referral fillips whenever a recommended individual is hired gives employees a greater sense of ownership in constructing the ?rm. Assign wise mans to new employees. Get downing employment requires larning new work duties. It besides requires acquiring acclimated to a ?rm’s civilization. procedures. and norms. A wise man gives a new employee person to turn to for support and way during that clip of uncertainness. A wise man should remain with a new employee for at least 90 yearss. Leting wise mans to remain on for an drawn-out period can be really bene?cial to the ?rm. as persons differ in the sum of clip they need to accommodate and boom in a new work environment. Overall. the support from wise mans reduces the possibility that a wellquali?ed new employee may go forth. Solicit su ggestions. Soliciting suggestions from employees and moving on them can be really bene?cial to CPA PRACTICE MANAGEMENT FORUM 7 NOVEMBER 2011 both the ?rm and its employees. Employees will experience connected to the ?rm and motivated in assisting it win. Employee suggestions may include cut downing paper or energy ingestion or structuring bene?t programs otherwise. Because employees are so near to assorted work ?ows. they may hold valuable thoughts for heightening ef?ciency or work quality. which can bene?t the ?rm by cutting costs and achieving greater ef?ciencies for growing. Offering a agency in which persons can voice their suggestions and implementing them helps employees acknowledge that their thoughts affair. Such chances increase the likeliness that they will stay with the ?rm. Great work forces promote growing and uninterrupted betterment Every CPA ?rm possesses alone features. Every CPA ?rm faces speci?c challenges. So much success. nevertheless. depends on holding a great work force. Concentrating on attempts that enhance motive. acknowledgment. wagess. and keeping helps a ?rm go an employer of pick. a ?rm whose persons drive growing and unin terrupted betterment. About the Writer: Demetrice Branch is the manager of Human Resources for Weaver. The ?rm is ranked as one of the largest independent certi?ed public accounting ?rms in the Southwest with of?ces throughout Texas. Reach her at [ electronic mail protected ]/*or by naming 817-882-7767. ? Nominations Open for 2012 Marketer of the Year Award CPA Practice Management Forum is proud to patronize the 2012 Accounting Firm Marketer of the Year ( MOY ) Award. Submit your nomination by January 13. 2012. Self-nominations are accepted. To put up yourself or another seller. electronic mail [ electronic mail protected ]/*and include: †¢ †¢ †¢ the nominator’s name. rubric. ?rm name. phone figure. and e-mail reference ; the nominee’s name. rubric. ?rm name. phone figure. and e-mail reference ; and the phrase â€Å"Marketer of the Year Award† in the topic of the electronic mail. The Marketer of the Year Award will be presented at the Association for Accounting Marketing’s 2012 Summit. which will be held June 10-13 in Las Vegas. Nevada. Nominees must hold held a senior-level selling place in public accounting for at least three old ages. although non needfully at the same ?rm. Criteria for choice focal point on leading and impact instead than on conceptual or theoretical work. Strong campaigners will hold made a major part to their ?rm by: †¢ †¢ †¢ Both nominator and campaigner will have applications after the J anuary 13 n omination deadline. These applications must be filled out by both persons for the campaigner to be eligible. unless he or she is self-nominated. The deadline for finishing applications is F ebruary 17. 2012. beef uping an bing selling plan ; creating/introducing a new selling plan ; or signi?cantly increasing a ?rm’s selling orientation. Please call Marsha Leest at 845. 369. 3224 with inquiries about the MOY award. For information about the Association for Accounting Marketing and its one-year acme. name AAM at 856. 439. 0500 or see World Wide Web. accountingmarketing. org. 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