Reference no: EM13883668
Case - Climb the Legal Ladder
Questions-
1. Think about the research evidence discussed in the book. Would you expect the Sullivan & Cromwell associates to feel their pay structure is fair? What comparisons would they likely make? What work behaviors would you expect Sullivan & Cromwell's pay structure to motivate? Explain.
2. What about associates who joined the firm four years ago? If the salaries for new associates increased by $20,000, what would you recommend for other levels in the structure? Explain.
3. Partners make around 10 times the highest-paid associates. A Wall Street Journal writer laments that law firms form "giant pyramids . . . (in which) associates at the bottom funnel money to partners at the top." What is missing from the writer's analysis? Hint: Speculate about the likely differences in content and value of the work performed by partners compared to associates. Any parallels to Merrill Lynch's FAs and SVPIs?
4. A few years ago, Sullivan & Cromwell announced that year-end bonuses will be cut in half, with a maximum of $17,500 for early-career associates and $32,500 for eighth-year associates. However, last year, bonuses ranged from $2,500 to $20,000 and for the current year, bonuses are estimated to be $1,000 to 55,000. Should Sullivan & Cromwell be concerned about difficulties in recruiting or retention?
5. How does the Sullivan & Cromwell approach to compensation differ from that of Dewey & LeBoeuf? What are the advantages and disadvantages of each approach?
Review Questions
1. What are the pros and cons of having employees involved in compensation decisions? What forms can employee involvement take?
2. Why does the process used in the design of the internal pay structure matter? Distinguish between the processes used to design and administer a person-based and a job-based approach.
3. If you were managing employee compensation, how would you recommend that your company evaluate the usefulness of its job evaluation or person-based plans?
4. Based on the research on job evaluation, what are the sources of possible gender bias in skill-/competency-based plans?
5. How can a manager ensure that job evaluation or skill-/competency-based plans support a customer-centered strategy?
|
The balance of cash and cash equivalents
: The following summary transactions occurred during 2013 for Bluebonnet Bakers:
|
|
A meteorologist predicts that the same amount of rainfall
: A meteorologist predicts that the same amount of rainfall (in inches) expected for a certain coastal community during a hurricane has the probability density function. f(x) = (pi/30) sin((pi*x)/15) , 0
|
|
The probability density functions for the waiting time
: The probability density functions for the waiting time t (in minutes) for a person arriving at the bus stop is f(t) = 1/30 [0,30]
|
|
Categorize each of the following as one to one, one to many
: Categorize each of the following as one to one, one to many, or many to many relationships Subsidiary ledgers and general ledgers Transactions and special journals General ledgers to trial balances.
|
|
What about associates who joined the firm four years ago
: What about associates who joined the firm four years ago? If the salaries for new associates increased by $20,000, what would you recommend for other levels in the structure? Explain
|
|
Component of greenhouse gasin the environment
: The massive emission of carbon dioxide (CO2), the major component of greenhouse gasin the environment, is receiving significant attention around the world. This has led tonumerous proposals to sequester or eliminate the CO 2. One of the options is..
|
|
What would be the most significant problem with using
: Suppose that a large company uses batch processing for recording its inventory purchases. Other than its slow response time, what would be the most significant problem with using a batch processing system for recording inventory purchases?
|
|
Based on the family medical leave act
: Based on the Family Medical Leave Act (FMLA) violation you researched in this unit: Summarize the case and include an analysis of the existing issues.
|
|
Implement the incremental conductance algorithm
: Implement the incremental conductance algorithm in a manner similar to the flowchart. Find the two values of VPV around which the oscillation occurs
|