Sunday, February 16, 2020

Issues with Executive compensation and benefits Research Paper

Issues with Executive compensation and benefits - Research Paper Example Moreover, assessing the strategies adopted by those organizations to mitigate such challenges, recommendations for the management of EL Camino Hospital will be drawn on how to resolve the situation. Historical View of El Camino Hospital El Camino Hospital is regarded as one of the oldest non-profit healthcare organizations operating in the state of California, the United States. The construction of the hospital building started in the year 1958 with a total investment of around US$ 7.3 million. It is worth mentioning that the funds invested were generated though issuance of funds to the general public. The hospital started operating in the year 1961 with a total of 300 beds, which gradually increased over the years. The hospital often been regarded to be the first to implement computerized medicinal information system. This particular development attracted a larger volume of people to avail the services offered by the hospital. Since its establishment, the hospital has also acquired a substantial number of well-known medical institutions under its name, making it one of the biggest as well as oldest non-profit healthcare organizations in the state of California (El Camino Hospital, 2013). Assessment of Current Challenges As revealed in the article, i.e. ‘El Camino Hospital Officially Files Lawsuit over Executive Pay Cap’, the hospital has filed a lawsuit against Service Employees International Union (SEIU). SEIU is a form of international labor union, which aims to protect employee welfare and to mitigate the problems faced by the labors while conducting various sorts of operational functions (SEIU, n.d.). The prime intention of the lawsuit can be interpreted as to negate a voter-backed initiative that would limit the compensation of the executives of the hospital. Thus, from this particular notion, it can be affirmed that the current challenge faced by El Camino Hospital is linked with executive compensation. Relating to the article, it can furthe r be observed that the people or the individuals within the hospital county voted to support the clause measure M taken to restrict the compensation obtained by the top-level management of the hospital, which was then accounted to be less than twice the salary of California’s governor. The lawsuit of the hospital identified two officials named Kary Lynch and Laura Huston as defendants, stating that they were found to be the main individuals who supported the clause (measure M). It is worth mentioning that the hospital also filed a suit against the chief Human Resource Manager of the hospital for being equally liable in motivating the employees to support the clause under the guidance of SEIU. Lawyers were also appointed by the non-profit healthcare organization to restrict the measures into healthcare districts, which were being supported by the SEIU. It is worth mentioning that although the hospital did not mention the name of SEIU, Mr. Lynch and Ms. Huston were directly add ressed in the lawsuit (Herman, 2013; Modern Healthcare, 2013; Embarcadero Media, 2013). Review of Other Organizations That Had Similar Situation and the Strategy They Used To Address the Issue In the current phenomenon, there are certain organizations, which have to face similar issues concerning the arrangements of executive compens

Sunday, February 2, 2020

The Choice of Green Technology Project by Projmanics LTD Assignment

The Choice of Green Technology Project by Projmanics LTD - Assignment Example Finally, it intends to get the views of the management on whether the project will deliver their set objectives. The team conducted a research to find out the needs of the consumers and stakeholders who are the main beneficiary of this project. The methods employed in collecting data from the stakeholders of this project included interviews, focused group discussions, and customer reviews from the website of projmanics (Sproul, Wan, Mandel & Rosenfeld, 2014). This was done to ensure that the needs of the stakeholders were prioritized in coming up with this type of project. The team intended to come up with an idea that was user-centered and not an idea that originates from the management. When users of projmanics were interviewed to give their opinion on the types of products and services they wanted, they were fast to point out innovation. Being concerned about their environment and the prevailing climate change, the citizens of UAE wanted to see the company come up with environmentally friendly products. This was motivated by the recent entry of the country in the list of top tourist destinations in the world. Projmanics, which for a very long time had dealt in the manufacture of various products ranging from electronics to machinery, also had to share in the vision and goals of their consumers (Harris, Barucci, Cano, Fitzsimmons, Fulchignoni, Green & Schà ¤fer, 2013). It is against this backdrop that the team proposed green technology as the next feature to see the growth of the company in the country and also abroad. This was to join the rest of the world and be on the forefront in leading the green technology revolution. The aim of this project is to see the company build another plant responsible for the manufacture of eco-friendly products such as electronics and machinery. These  include such things as energy generating equipment like solar panels, wind turbines and other machines that utilize green energy like solar-powered automobiles.