Satisfied Employees Are More Productive Essay example

In this essay, I will explore the relationship between the level of employee satisfaction and employee production. Firstly defining and explaining satisfaction and job performance as these variables are difficult to define, and a clear definition is critical for assessing the relationship between them. Secondly I will discuss some of the most significant studies in this area of research. I will then analyse various factors which determine the correlation between these two variables, focusing on the attitude-behaviour relationship as this gives an insight into how a higher level of satisfaction may link to greater production. Finally I will look into a set of different models which propose variations to the job satisfaction-performance†¦show more content†¦He had a Chinese couple travelling with him, and together they visited in excess of two hundred hotels and restaurants. Remarkably, only one of the businesses visited refused to serve the Chinese couple. LaPiere wrote to t he owner of each business he had visited 6 month earlier, and asked whether or not they accommodate for Chinese guests. 92% of replies stated they do not accommodate for Chinese guests. Clearly, the owners’ feelings or attitude towards the Chinese guests is not consistent with their behaviour. Despite the possibility that it may have been a different person who responded to the attitude question in LaPiere’s (1934) study to staff of the business who greeted the Chinese guests six months earlier (Dillehay, 1973), the results of this study seems to support the idea that people do not behave based on their attitudes. Lapieres (1934) study shows a weak link at best between attitudes and behaviour. This would suggest that people who are satisfied with their work are not necessarily more productive than those workers who are unsatisfied with their work. A reason for this may be an employee’s limited ability. No matter how much an employee enjoys his job and wants to work hard, he may be limited to how much he can improve his performance as his ability restricts him. If this is the case, then this employee’s performance will notShow MoreRelatedAre Satisfied Employees More Productive? Essay1707 Words   |  7 Pagesbusiness much more return than a fixed asset might give. An owner of a firm can direct an employee, but not a machine, he can instruct an employee, but not a raw material. An employee thus works according to the whims and fancies of his employer, which establishes a direct relation between the employee and the management. Any business requires a certain number of employees, in order to complete all its work with thoroughness and efficiency. Some firms need less number of skilled employees, whereas otherRead MoreEmployee Satisfaction : The Level Of Fulfillment Of One s Needs849 Words   |  4 Pagesdifferent factors affecting organizational effectiveness, and one of them is employee satisfaction. Also, it is said that a satisfied employee is a productive employee, so every company is giving higher priority to keep their employees satisfied by providing several facilities which improve satisfaction and promote a healthy work environment. If employees are not satisfied with their job, there can be chances for absenteeism, high turnover, low productivity, and making mistakes. Employee satisfactionRead MoreSas Hr Policy1243 Words   |  5 PagesUniversity, SAS Institute, Inc. provides business intelligence (BI) software and services at more than 40,000 customer sites worldwide, including 90 percent of t he Fortune 500 companies. SAS, which stands for â€Å"statistical analysis software,† is headquartered in Cary, North Carolina. It is the world’s largest privately held software company, having over 100 offices worldwide with approximately 10,000 employees. With an unbroken record of growth and profitability, SAS had revenue of $1.18 billion in 2002Read MoreSas Hr Policy1227 Words   |  5 PagesUniversity, SAS Institute, Inc. provides business intelligence (BI) software and services at more than 40,000 customer sites worldwide, including 90 percent of the Fortune 500 companies. SAS, which stands for â€Å"statistical analysis software,† is headquartered in Cary, North Carolina. It is the world’s largest privately held software company, having over 100 offices worldwide with approximately 10,000 employees. With an unbroken record of growth and profitability, SAS had revenue of $1.18 billion in 2002Read MoreJob Satisfaction: A Key Element in the Organizat ional Work774 Words   |  3 PagesJob satisfaction Introduction Employees who are satisfied with what they do always tend to establish a desirable work environment, they also prove to be more productive and efficient, and this always results to greater profit, employee retention as well as customer satisfaction. It is important for managers and executives to understand job satisfaction, whatever creates it, the manner in which it should be fixed and the way of managing it. In job satisfaction there are organizational behavioralRead MoreWork Arrangements For Employees And Increase Their Satisfaction And Productivity1419 Words   |  6 PagesIf organizations want to engage their employees and increase their satisfaction and productivity, they might be able to do this through alternative work arrangements. Alternative work arrangements allow workers more control over how, when, and where they work, by using flextime or telecommuting. Flextime allows people within an organization to vary the hours during which they work, as long as they work for a specified number of hours per week. Companies like FedEx that used flextime reported reducedRead MoreTalent Managment Strategy1507 Words   |  7 Pagesspecialty coffeehouses that support the community by offering a place to gather while enjoying specialty brews in a neighborhood setting that facilitates social networking in a friendly and safe environment. Common Grounds seek satisfied customers and committed productive employees. Common Grounds have an organizational structure of internal orientation/differentiation strategy. Common Grounds operations look to develop its own talent and keep that talent within the organization for extended periods ofRead MoreImproving Customer Loyalty And Brand Image Essay1258 Words   |  6 PagesMedical Equipment Supplies business the owner has to integrate the aspects of quality and strategy. According to the words of Peter (2012), most of the healthcare organizations are using different tools for promoting the health care quality in a pro ductive way. If medical supply business failed to provide quality medical equipment services to the individuals it would directly affect the operations (Gupta 2016, p.56). It is the duty of the medical equipment expert to use effective systems and techniquesRead MoreSalary Is the Most Important Factor in Motivating Employees1243 Words   |  5 Pagesin motivating employees Motivation plays a significant part in a company in the modern society because only if employees are motivated can they be more productive. In a company, managers usually take measures such as pay increase and promotion to motivate workers. In the past decade, there have been a large number of surveys on factors that motivate employees to perform their best (Wiley 1997). Some experts state that salary is the most important factor in motivating employees. However, othersRead MoreOrganizational Psychology Paper714 Words   |  3 PagesPsychologists can offer fresh ideas for improvement using various methods of study and research. One important step in understanding the people within an organization is to understand their behavior. How employees behave within an organization has an influence upon the lives of coworkers. Employees do not always consider the impact of decisions unless the result is beneficial or harmful to them, such as praise, or reprimand. The purpose for writi ng this paper is to define organizational psychology

U.s. Military Overseas Operations - 1157 Words

Overseas Disaster Colin Powell suggests, Leadership is solving problems. The day soldiers stop bringing you their problems is the day you have stopped leading them. They have either lost confidence that you can help or concluded you do not care. Either case is a failure of leadership The U.S. Military overseas operations may defend and solve certain problems but, the troops overseas could be in more danger there than in the United States. Overseas military for the United States, use resources that could be used with greater importance in the United States, they deal with different conspiracies, and although the military is a defense department it fights wars that will solve the situation not begin problems. Resources in battle are key elements used, although the assets can be taken for better use in our home country to use as protection. Sources suggest that the amount of ammunition being used overseas, is a great amount that is not necessary. The battles we face in overseas military operations, are mostly irrelevant to our country or problems we have discovered. Other resources such as tanks, nuclear weapons, rifles and pistols, machine guns, grenades, and more, are things that in our country stationed armed forces could use. Our country deals with threats inside the country daily. Many terrorists or immigrants are fought due to their infidelity to our laws. Our country s fight is not just against terrorists trying to destroy our country, but against illegal threatsShow MoreRelatedThe War On Terror ( Wot )1582 Words   |  7 Pages The War on Terror (WoT), also known as the Global War on Terrorism (GWOT), refers to the international military campaign that started after the September 11 attacks on the United States.[47] U.S. President George W. 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Exxon Mobil Stock Analysis Free Essays

STOCK ANALYSIS REPORT – Exxon Mobil Corporation (XOM) –August 15th , 2011 [pic] Industry: Oil and Gas Operations Sector: Energy Recommendation: SELL Price: $74. 29 (as of  Ã‚  August 15th 2011, 4:00pm ET) Intrinsic Value: $52. 10 or 42. We will write a custom essay sample on Exxon Mobil Stock Analysis or any similar topic only for you Order Now 6% overvalued Fundamentals Grade: A Investment Style: Large Cap Blend CORPORATE INFORMATION [pic] Location: 5959 Las Colinas Boulevard Irving, TX 75039 Phone: 972-4441000 Fax: 972-4441348 Web Site: http://www. exxonmobil. com/ Employees: 83,000 Exchange: NYSE BUSINESS SUMMARY Exxon Mobil Corporation (Exxon Mobil) through its divisions and affiliates is engaged in exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. †¢ ExxonMobil is the largest integrated oil company, with operations in over 200 countries. This globally diversified enterprise produces superior returns in its business segments when compared to other major oil and gas companies. †¢ Exxon has a strong balance sheet with a cash position of approximately $13B and 0. 7 Debt-to equity. Exxon has the liquidity and credit to invest in high return projects around the world. †¢ Prices for oil and gas are expected to rise in the foreseeable future. Emerging market growth and increasing need for energy will place upward pressure on prices. Exxon will benefit as the world’s largest oil and gas company (by reserves, excluding national oil companies). The average industry return is 27%, which is greater than that of SP500 (21%). †¢ Exxon’s all-stock purchase of XTO Energy is dilutive to share holders and not expected to increase EPS in 2011 or 2012. Exxon’s size and breadth of operations make it difficult to find investments large enough to produce market beating growth. We expect Exxon’s growth to slightly lag the overall economy, especially smaller exploration and production companies that have better investment opportunities relative to their size. †¢ Exxon’s inability to organically replace reserves means that it must acquire oil and gas assets to supply its operations with replacements for the reserves it consumes. Acquired assets will likely come at a higher price and produce a lower return. Production from Exxon’s Upstream segment (exploration and production of oil and gas) has been declining (down 30% since 2006). While the acquisition of XTO will replace some of this lost production, it i s expected that the company will continue to experience declining production from its existing fields. KEY STATISTICS |Market Cap (intraday)5: |360. 57B | |Enterprise Value (Aug 17, 2011)3: |363. 1B | |Trailing P/E (ttm, intraday): |9. 78 | |Forward P/E (fye Dec 31, 2012)1: |8. 21 | |PEG Ratio (5 yr expected)1: |1. 32 | |Price/Sales (ttm): |0. 91 | |Price/Book (mrq): |2. 0 | |Enterprise Value/Revenue (ttm)3: |0. 93 | |Institutional Ownership |49. 12% | |Earnings Yield |9. 28% | |Return on equity (RoE) |24. 69% | |36 month Beta |0. 9 | |Dividend Yield |2. 48% | |Profit Margin |8. 51% | |Current Ratio |0. 97 | |Debt to equity ratio |0. 07 | [1]Source: Yahoo finance; http://ycharts. om/companies/XOM/return_on_equity ANALYSIS Exxon Mobil (XOM) is the largest market capitalized oil company in the world which in 2008 obtained the highest quarterly and annual profit in United States history. The Company plans to invest $125 billion over the next five years to develop new technology, d eliver new Upstream projects, increase refining capacity, and grow their Chemical business. Exxon Mobil’s revenue and profit have increased 60% and 79% respectively in the last 5 years. The Company exhibits a healthy profit margin and return on equity of 8. 51% and 20. 4% respectively and maintains an above average earnings yield of 10. 27%. Exxon Mobil has plenty of liquidity enabling the Company to pay all its long-term debt in less than three months on profit alone. Exxon Mobil is valued at $52. 1 as of August 15th 2011. The Company is 42. 61% overvalued for the current price of $74. 29. The PB ratio is slightly above the industry average of 2. 0. Risks to Exxon Mobil include depreciating reserves, decreasing number of new oil fields, adverse environmental impacts, government regulations, geopolitical risks, market volatility, macroeconomic difficulties, etc. Balance Sheet The balance sheet of XOM is pristine. Debt comprises only 9% of total capital, and in a business that is very capital intensive, that’s a great sign. The current ratio is low at 0. 94, slightly lower than the generally accepted â€Å"safe† level of 1. $30 billion in earnings in 2010 is more than enough to repay the roughly $15 billion in total debt the company has in only a few years. Return on Equity The return on equity closely followed the rise of oil prices up until 2008, the fall in 2008- 2009 and the subsequent increase ever since. Right now Exxon-Mobil has a high return on equity of 20%. Given the high oil prices, I expect ROE to reach its 2008 highs this year. Rather than focus on absolute values for this indicator, I generally want to see at least a stable return on equity over time. Dividends Exxon Mobil has paid an increasing dividend for the past 27 years, and according to their website, averaged 5. 7% over that time period. The most recent increase came on April 27 of this year, when they raised the quarterly payout 6. 8% from $0. 44 to $0. 47 a share. This is an annual raise from $1. 74 to $1. 88, or 8%. Projections: 2011 2012 2013 2014 2015 Dividends Per Share $1. 4 $2. 00 $2. 04 $2. 07 $2. 10 Dividend Growth 11. 7% 2. 7% 2. 4% 1. 3% 1. 3% DIRECT COMPETITOR COMPARISON | |COP |CVX |XOM |Industry | |Market Cap: |91. 75B |195. 65B |360. 57B |26. 52B | |Employees: |29,900 |62,000 |83,600 |11. 00K | |Qtrly Rev Growth (yoy): |45. 70% |30. 60% |36. 30% |8. 0% | |Revenue (ttm): |210. 76B |216. 90B |392. 72B |18. 63B | |Gross Margin (ttm): |23. 43% |32. 58% |31. 45% | 32. 51% | |EBITDA (ttm): |28. 78B |45. 90B |65. 78B |4. 19B | |Operating Margin (ttm): |9. 46% |15. 07% |12. 74% |11. 65% | |Net Income (ttm): |11. 3B |23. 01B |37. 93B |N/A | |EPS (ttm): |7. 93 |11. 45 |7. 59 |2. 46 | |P/E (ttm): |8. 43 |8. 53 |9. 78 |12. 94 | |PEG (5 yr expected): |6. 21 |1. 61 |1. 32 |1. 14 | |P/S (ttm): |0. 43 |0. 90 |0. 91 |1. 39 | P/E ratios are higher for firms with strong growth prospects, other things held constant, but they are lower for riskier firms. All the three companies have P/E lower than the Industry average. Profit margin is very useful when comparing  companies in similar industries. A higher profit margin indicates a more profitable company that  has better control over  its costs compared to  its competitors. Here again, XOM has a relatively good control of cost. As per the comparison of the ratios with industry average, Exxon Mobil is high performing company with higher ratios than industry standards. Current Market Price (as of 08/17/11) of the Stocks: |  Company name |Current Market Price | |Chevron Corp |$92. 02 | |ConocoPhillips |$62. 29 | |Exxon Mobil |$74. 29 | EXXON MOBIL’S INTRINSIC VALUE: †¢ Current US 90 days Treasury Bill – Rate of Return: 3. 5%   †¢ Historical return on long term Treasury Bond = 5. 8% †¢ Long term risk free rate = rRF = 5. 8% (historical return) Return for the market or an average stock(rM): For this project, it is assumed that the historical rate of return for the SP500   is same as the market risk = 10. 4%. I am using CAPM method to estimate the market risk premium and calculating the historical risk premium by comparing historical to historical rates. The historical risk premium is 10. 4 -5. 8 = 4. 6% Required Return on Common Stock Required return on common stock (rS) for Exxon Mobil rS = rRF + (rM – rRF)*b = 5. 8% + (10. 4% – 5. 8%) * 0. 49   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   = 8. 05% Dividend Growth Model: Common stocks provide an expected future cash flow stream, and a stock’s value is found as the present value of the expected future cash flow stream. The expected final stock price includes the return of the original investment plus an expected capital gain. The expected cash flow consists of two elements: 1. the dividends expected in each year. 2. the price investors expect to receive when they sell the stock. Formula1:  Ã‚  Ã‚  Ã‚   P hat 0 = D1/rS – g Where P hat 0 = intrinsic value of the stock today as seen by the investor D1 = D0 (1 + g) = expected dividend in the first year. D0 = recent dividend paid g = expected dividend growth rate. rS = required rate of return Formula2: r hat S = D1/P0 + g Where r hat S = expected rate of return D1/P0 = expected dividend yield P0 = actual market price of the stock today. g = expected growth rate or capital gains yield. One would buy the stock only if expected rate of return is equal to or greater than required rate of return. For Exxon Mobil: D0 = $1. 8; g = 5. 7 %; rS = 8. 05% P0 = 1. 38 (1+ 0. 057)/ (0. 085 – 0. 057) = 1. 457/ 0. 0280 = $52. 1 The current price is greater than intrinsic value, the Exxon Mobil stock is overvalued by $22. 20 r hat S = 1. 96% + 5. 7% = 7. 66% The expected rate of return is less than required rate of return, which means investor will not buy. Conclusion: SELL Comparing the averaged value of $52. 10 a nd the closing price on 08/15/11 of $74. 29, XOM is adversely overpriced price, with an approximate 42. 6% difference. At this point in time, I think Exxon Mobil’s risks outweigh the potential opportunity here. While I feel the dividend is safe (at a 25% payout ratio) and the current yield is adequate (2. 48%), the Company’s ability to increase the payout and create outsized returns for investors is limited by the Company’s cyclical market and weak consensus estimates. Sources: †¢ http://financialanalysisonline. com/ †¢ http://www. thedividendpig. com/? p=1395 †¢ http://investing. money. msn. com/investments/stock-price? symbol=xom †¢ http://www. stock-analysis-on. net/NYSE/Company/Exxon-Mobil-Corp/Valuation/Ratios#Current-Valuation-Ratios †¢ http://www. dailyfinance. com/2011/08/08/big-oil-outlook-major-oil-stocks-with-bullish-opti/? ource=TheMotleyFool †¢ http://www. exxonmobil. com/Corporate/Files/news_pubs_sar_2010. pdf †¢ http://www. exxonmobil. com/corporate/investor_dividend. aspx †¢ http://ycharts. com/companies/XOM/price_to_book_value †¢ http://financialanalysisonline. com ——————â⠂¬â€Ã¢â‚¬â€œ [1] 1 Data provided by Thomson Reuters 2 Data provided by EDGAR Online 3 Data derived from multiple sources or calculated by Yahoo! Finance 4 Data provided by Morningstar, Inc. 5 Shares outstanding is taken from the most recently filed quarterly or annual report and Market Cap is calculated using shares outstanding. How to cite Exxon Mobil Stock Analysis, Papers

Select describe and explain the religious rituals Essay Example For Students

Select describe and explain the religious rituals Essay involved in a Christianmarriage. When a Christian marriage takes place, the bride and groom attend classeswith the minister or vicar before the wedding, This ensures they fullyunderstand the true meaning of a Christian marriage, what commitment meansand what the purpose of Christian marriage is. Although it is not a law theBanns are read in a parish church three weeks before the wedding takesplace. This allows anyone who has any objections to the wedding on legalgrounds to say something. Many Christian couples want to get married in a Christian church because itis Gods house. Other Christians believe God is everywhere and God wouldstill bless marriage everywhere. Jesus said where ever two or three aregathered together in my name I am in the mist of them. However Jesus saidto peter you are the rock on which I build my church suggesting that thechurch was the house of God and is the place to marry. The priest, vicar or minister is seen as Gods representative on Earth. Theyform a link between the couple and God. As the vicar forms the link inmarriage it becomes a three way partnership. The bride wears a white dress which symbolises virginity and purity. If abride is not a virgin, or has been married before the bride might wearcream or ivory. However some still wear white because they want marriage asa pure and new start. The bride also wears a veil which acts as a barrierbut when they marry it is lifted they can now kiss and have sex. On the day of the wedding the brides father gives her away which is asymbolic action as it states that his role of caring for his daughter isover and he is handing the responsibility over to her future husband. Anda man shall leave his father and mother and become one with his wifeThe best man assisting the groom has no symbolic role. In the olden timesif the groom didnt turn up for the wedding the best man would have tomarry the bride. Each line of the vows makes a promise that you will keep through outmarried life. The vows and promises are made before God and shouldnt bebroken. The weddings ring is symbolic; it consists of an unbroken circlewhich has no beginning and no end, never ending love just like Gods love. The ring is made of precious metal showing how precious it is. The music issymbolic because the wedding music is in praise of a God allowing weddingto happen. Then they sign a register for legal reasons. The bride and groom are thenmarried in a three way partnership with God.