<p class="MsoNormal" style="text-align: justify; margin: 0in 0.5in 0pt; mso-outline-level: 1;"><span style="font-family: "Times New Roman","serif"; font-size: 10pt;">Bonuses for improvements in employee retention rates should be calculated on the actual savings due to fewer terminations and reduced replacement costs. Permanent layoffs and hiring freezes distort the turnover rate and make the normal bonus calculations invalid. A new method for calculating a manager’s bonus for reducing the turnover rate is illustrated. It isolates the number of terminations due to changes in the size of the workforce from the terminations due to the improved retention rate. The size of the savings in terminations due to the improved retention rate can be accurately measured in situations where hiring freezes negate normal calculations.</span></p>
http://www.journalofmarketingandstrategicmanagement.net/ Dear Readers, As I indicated in the 10th issue of JMSM, we aim at both strategy and marketing related subjects and functional areas of the corporations within the context of developing strategic plans. We have now open access online journal, and also print versions of JMSM for sale. This 11th.issue will also be uploaded at the website of Strategic Management Review (SMR) since we have the ownership and the name of the journal as well as its website domain. In this edition we have a larger coverage, like; Research in-progress, A case study and case notes, one conceptual article about failing companies and three empirical articles. We also added new names with experience and achievements to the Editorial Board to represent all areas of globe and we want to announce that JMSM has been included in Google Scholar, Cabell's Directory, and Ulrich's Web Global Serials Directory. Additionally, we continue to work to be included in new databases and indexes. There seems to be more periodical journals published and some new ones coming into the already crowded market. Enjoy the 11th year issue.
Abstract:The study of ethics is increasingly viewed as an important component of business education. As such, we investigated various real-world ethical scenarios using a self-administered survey instrument that was answered by 136 college students in three different universities? We reviewed the results as they related to gender and ethnicity. A regression analysis revealed that there was no difference, at least from a gender standpoint, in the behaviors between males and females. In fact, in some instances males behaved more ethically, and in other cases females behaved more justly. On the other hand, the regression analysis disclosed that there appears to be different patterns of behavior, from an ethnicity standpoint, between Whites and Hispanics. Still, as researchers (e.g., from an ethnicity standpoint-one being White and two being Latino), we could not easily justify why Whites showed a stronger formal ethical behavior than Latinos. We concluded, based on the responses by the student participants, that theresults are aligned with cultural differences between both ethnic groups.
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