Global Compensation Issues Essay Example | Topics and Well Written Essays - 500 words

Global Compensation Issues - Essay Example There exists laws that regulate salaries and wages and human resources professionals must act within the guidelines of such laws. This study will look at China’s compensation structures and compensation issues. China is a communist state in East of Asia continent. It has a population of approximately 1.39 billion people and fourth largest country in the world. China’s terrain is rugged with hills and depressions which include the Himalayas Mountains and the Turfan Depression. It has to main and important rivers namely; the Yellow River and Yangzi River. China experiences four weather seasons of summer autumn, spring and winter. During winter temperatures can drop to a level of -50 degree Celsius. China’s financial year is from 1st January to 31st December and had a GDP of 10.355 trillion US dollars in 2014 with its main industries being manufacturing, mining and food processing. China’s transport system includes railways, roads air and water. This makes most towns in this Republic accessible. The existence of navigable rivers has led to development of inland river ports and a reliable water transport system. The main mode of communication is telephone with approximately 23.68 Chinese citizens connected to telephone lines. The communist government in China has had a lot of influence in the country’s labor market. Regulation of the labor market through legislation has caused redistribution of the readily available labor in China. In order to improve the levels of production, the government initiated programs targeted at moving labor from low production sectors to high production sectors of the economy The large population provides huge supply of labor to China’s industries. In the earlier years, there was excess supply of both skilled and non-skilled labor. From the economics of demand and supply, the result was low cost of labor for different players in different industries

NY Times Case Study Example | Topics and Well Written Essays - 2000 words

NY Times - Case Study Example The New York Times suffered a 3% decline in the total revenues. This was attributed to the evolving nature of journalism into new media and the uneven economic conditions that prevail all over the world (The New York Time Company, 2012). The share prices of the company has also fallen down 23% during the last three months and closed at $6.20 on April 16, 2012 (Science, 2012). This is attributed to the fact that advertising revenues have plummeted along with the readership of print based newspapers (Kirchhoff, 2010). The New York Times faces a wide range of competitors from different fronts. In the case of print publications, NY Times and The Globe face competition from The Wall Street Journal, USA Today, The Economist, and The Financial Times. On the online front, the company faces competition from Google News, Yahoo! News, CNN.com, MSNBC.com, Guardian.co.uk, bbc.co.uk, CNet, iVillage and countless others. Recently New York Times, in order to face this challenge has come up with a strategy whereby they intend to diversify their revenues into the digital medium and gaining cost efficiency in all areas. In the print medium, New York Times has cut down the paper size by reducing the width of the paper by 1.5 inches (Press Gazette, 2007). The strategy is also focused on using the strong brand appeal of the company to increase circulation reviews. The last dimension of the strategy is to manage the asset portfolio in such a way that it assists the core operations of the company and also ensures a strong digital presence (The New York Times Company, 2012b). Understanding the changing media and journalism landscape, New York Times Company went through a variety of changes. They limited their online article access to twenty articles per month for normal users and provided unlimited access to digital and print subscribers only. In order to keep the brand recognizable within the web, the company