Why Psychology Is Important Essay Example for Free

Why Psychology Is Important Essay Psychology is the study of the human mind and any of its functions. It also includes the behavior resulting from any changes in our environment. Psychology is very important to mankind in that it is important in understanding the world we live in. Psychology helps us and allows us to better understand the emotional and behavioral effects of our surroundings. According to Taylor (1988), many prominent researchers believe a healthy mental outlook on the world and what we perceive it to be is very important. Psychology is a mandatory course for so many programs of study because it is so widely used in occupations across the world. Using any number of research methods, a psychologist can apply research to the field of Public Relations in order to predict how a demographic will respond to certain things that occur. Not only is psychology widely used in many professions, but basic elements of psychology affect us as individuals each day. The research that psychologists glean from their subjects benefits all of us through better understanding of how our minds work. This is possible through testing of subject groups and adjusting environmental conditions. With the resulting data, psychologists can improve our lives. While most can speculate about behavior and emotion, psychologists us the scientific method to more legitimately predict describe and even explain human behavior. The simple fact that psychology contains so many sub-fields makes it unique. This allows specialized psychologist to concentrate on a more specific aspect of the human mind, such as, developmental psychology where researchers observe human mental growth from birth to death (Feldman 2009). A cross-cultural psychologist could be of help in the conflict affecting Syria. A researcher in cross-cultural psychology could shed light on how people in the region react to the violence and horror that has been occurring over the past couple of years. Through this, mankind can benefit by improving conditions to ease the locals mentally and emotionally. Through experimental psychology, researchers can get a better idea of how people see, and react to the world. This is immensely important as an improved view of the world would increase productivity and overall stress reduction. According to a rigorous survey conducted by the Center for Disease Control, in 2004, 1 in 4 people reported having a mental illness. This means that in any family of four, statistically, on person has a mental illness. Because of this statistic, psychological study is important. With psychological specialists, these people can be evaluated and treated giving them a better quality of life. Studies included in an APA press release in 2005 suggest that people are not made as happy by success as previously thought. Studies show that it is really happiness that is beginning to engender success, suggesting that employees respond well to positive feedback from their work. With this knowledge we can shape society by putting in place emotional and mental buffers in our everyday environment. Psychology is such a widely applied field of the sciences, that many students are required to take a course covering the subject. This is highly effective in making our society more prepared to both deal with everyday stresses and even become capable of making society better through psychological research. There are many fields that directly require a degree in psychology. There are seemingly more degrees that lie outside the social services field that require a grasp of psychology as well. Take, for example, Public Relations specialists. A PR agent is going to take an event that a company or organization is involved in and try to use demographic studies and delicate wording to spin the situation in a positive sounding way. Through test subject research, a psychologist can determine in what fashion to deliver a message or piece of info to the media to achieve a desired result with the public. Edward Bernays, the nephew of Sigmund Freud, did some work in PR (HM Publishers 1986). Bernays believed that all people in PR should understand psychology. He felt that if you understand how and for what reason people did things, you could change their behavior. Also, to be a good communicator, you must understand how people behave. With the huge variety of applications, psychology is crucial to many professional fields. Psychology affects all of our lives on an individual level as well as a society. During daily life, an individual may use methods used in psychology. A leader can reward his followers for creativity. An individual can use methods to motivate oneself. One can improve communication skills by noticing non-verbal signals and using tone to reinforce a message. Through attention to personal behavior under low stress situations, a person can determine how they may react under those regular conditions. All of these are simple ideas of psychology applied to make one more productive and effective in society. This makes psychology even more crucial to how people live from day to day. The study of our minds and behavior will continue to be an integral part of everyday life as well as professional endeavors. It is important because, through research, improvements can be made in quality of life as well as productivity. Since it is so applicable to one’s life it is very important to have a greater understanding of psychology. This way, people will have a better understanding of themselves and each other. A large number of social services require experience in psychology. Just as many professions outside the social services do as well, like public relations. An insight into psychological studies may also render a greater understanding of oneself, making society stronger as a whole. It is for these reasons and more that psychological research will always be important.

My Philosophy on Education Essays -- School Learning Philosophies Essa

My Philosophy on Education My philosophy on education is a bit of Essentialism and Progressivism. I know these are two drastically different philosophies, but they both have certain points of view I agree with. For example, strictness (Essentialism) should be used with the idea that students need to find their own way (Progressivism). As I discuss my own Philosophy on education, these different views on education will be incorporated. Students are children who feel trapped into going to school. This feeling eventually turns into acceptance. They have acceptance that they must go to school to better themselves. Many students fall into the trap of being forced to "make good grades", and end up learning in the process. These students come to college to realize it takes time, some disappointment, and harder work than they were used to in Public Schools. Some never receive a desire to learn and are passed on year by year without proper knowledge of the subject matter. These students eventually drop out, or may graduate without plans of education themselves further. They feel that they did their time, and they want to go ahead and live life. Then there are those exceptional students who yearn for knowledge. They received gratification from an early age that learning is fun and rewarding. My goal is to turn all students into thirsty learners. As I observed in a local elementary school, all three types of these students can be found in a classroom. The ones goofing off in the back of the class have no support from parents. Students who quickly finish their work and suck up to the teacher are often pressured at home to be the best. A thirsty learner’s parents simply want their child to do his/her best. These students... ...ing it daily, while "The Gettysburg Address" was quickly forgotten after reciting it one. Reinforcement and progression of knowledge are key, and year-round schooling would be the doorway to a better education for students. I plan to join the Teacher’s Union when I enter the work force. The backing of a group would be helpful throughout my career. I would not like to be stuck in surprising situation (i.e. suing parent), without the assistance of the Union. Education has been the center of my life with both of my parents being teachers. This will never change, and I am now developing my own view on education. Essentialism is important because we would not have made it thus far without it. Progressivism is important because this may be the future. I hope I can integrate both of these philosophies and my view points I’ve mentioned into my teaching career.

Nordstrom Human Resource Paper

Nordstrom’s employees and management are the company’s most valuable resource. An article written in the Seattle PI describes exactly why this is true. It states that, â€Å"Nordstrom salespeople make decisions as if managing their own business; they are trusted to do what is right. Everyone else in the company is there to help the sales staff make the sale and please the customer† (Mulady, 2009). The way the employees are treated and valued is a perfect portrayal of the company’s mission of providing the best possible customer service and value to the customer.Even though the salesperson is the front man for the company, the human resource and management team act as the glue that holds the company together. The president of the company, Blake W. Nordstrom, says that people in support positions â€Å"like myself or someone in human resources that isn’t on the floor manning a register,† needs to understand that their job is to use the â€Å"e nergy and the activities they’re doing contribute to a better customer and employee experience† (HR Magazine, 2006).It is, therefore, extremely important that the workers in the human resource department stay connected to the selling process in order to stay connected with the employees, as it is this connection that helps the employees provide the best service to their customers. Company History and Background In 1887, 16-year-old boy named John W. Nordstrom left his home country, Sweden, for the city of New York City. He arrived with only five dollars in his pocket, unable to speak a word of English and started working in gold mines.One morning in 1897, he picked up a newspaper and read the front-page headline â€Å"Gold Found in the Klondike in Alaska. † Although the labor was hard he managed, in two years, to earn $13,000 in a gold mine stake and returned to Seattle. Back in the Northwest, John was eager to invest his money. In Alaska John became best friends with Carl Wallin, who owned a shoe repair shop in downtown Seattle and it was not long before the two decided to go into partnership and open a shoe store together. In 1901, the two opened their first shoe store, Wallin & Nordstrom, in downtown Seattle.This was the start of what would become the retail legend of Nordstrom, Inc. From the beginning, John's business philosophy was based on exceptional service, selection, quality and value. The company built a devoted customer base; and in 1923, the partners added their second store. In 1928, John Nordstrom retired and sold his share of the company to his sons, Everett and Elmer. Carl Wallin retired a year later and also sold his share of the company to the Nordstrom sons. The third son, Lloyd, joined the team in 1933.The company soon grew to become the largest independent shoe chain in the United States. By 1960, Nordstrom had eight stores in Washington and Oregon, and the downtown Seattle store became the largest shoe store in the co untry. By the early 1960s, the company was looking for new ways to spread its wings. Venturing into the clothing market, Nordstrom purchased Best Apparel, a Seattle-based clothing store, in 1963. Three years later, Nordstrom purchased a Portland, Oregon fashion retail store and merged it with their existing Portland shoe store.For the first time, customers were greeted with a selection of both shoes and fine apparel under a new store name: Nordstrom Best. Men's clothing and children's wear were added in 1966, expanding the store to meet the wardrobe needs of the entire family. Business prospered and within two years, two new stores opened in Washington. In 1968, the three brothers decided to retire and hand the company over to the third Nordstrom generation. The company was now led by Bruce, James and John Nordstrom along with Jack McMillan and family friend Bob Bender. The company went public in 1971.Just two years later, Nordstrom sales passed the $100 million mark and the company was recognized as the largest-volume West Coast fashion specialty store. This same year, the name was formally changed to Nordstrom, Inc. By 1975, the company had expanded into Alaska, and the first Nordstrom Rack was opened in Seattle as a clearance center for full-line store merchandise. Three years later, the company moved into the competitive California market; and by 1988, Nordstrom had made the big move to the East Coast with the opening of a stunning new store in Virginia.Organizational and Individual Relations and Retentions Nordstrom is a dynamic place to have a career because of the multitude of characteristics and backgrounds. Of the Company's total employment, 42. 2 percent are people of color and 72. 1 percent are women. On top of that, 31. 9 percent of the management population is comprised of people of color and 73 percent are women. Nordstrom empowers its employees to set their sights high and blaze their own trails. This is a place where the employees’ futur e success and growth are truly a result of their own efforts and achievements.They strongly believe in promoting from within, because this offers employees a unique opportunity to learn the company’s business from the ground up. Hard work, loyalty, competitive spirit and commitment to the customer are important factors employees need in order to grow within the company. Nordstrom Strategies Recognizing any success Nordstrom enjoys basic quality of their relationships with customers, employees, vendors and communities. Striving to be a socially responsible company and know that the trust of the customers is to have is not to be taken lightly.Making responsible business decisions is something Nordstrom has done for a long time. Nordstrom was one of the first retail companies to offer profit sharing to its employees in 1952, and each year donated millions of dollars to nonprofit partners across the country. Nordstrom was also the first among their direct peers in fashion-special ty retail to print on Forest Stewardship Council (FSC)-certified paper with 30 percent recycled content. Recruitment, Selection and Training The company’s goal is to attract the best talent, so it makes good business sense to recruit from a diverse population.They achieve this by utilizing targeted media, job fairs, community organizations and college placement centers. Each of these methods helps the company find the individuals who support Nordstrom’s goals and values. The recruiting process is typically done online, where candidates can apply for job opportunities. Depending on the position, one will either start the online application process or be asked to submit a resume. Than the individual, whom skills and abilities match an open position, will be contacted by a recruiter, department manager or human resources assistant.After an initial conversation, a decision will be made. If there is a potential fit the person will set up an additional interview time where t hey will meet physically. Diversity Training forms an important part of Nordstrom's diversity efforts. The company had an Executive Vice President who looked after Human Resources and Diversity Affairs. In addition, Nordstrom had another Vice President who addressed issues regarding Corporate Diversity Affairs at the company. Equal Employment and Diversity The business of fashion is international, multi-cultural and diverse by nature.At Nordstrom, this makes for an exciting retail environment and value the richness it brings to our Company. One of the best ways Nordstrom has found to provide excellent customer service is by ensuring what reflects the communities it serve: â€Å"having a workplace that attracts and supports diversity, benefits both customers and employees. †(Nordstrom, 2009) Nordstrom believes each of their employees has the opportunity to realize their potential and contribute to the success of their Company. This philosophy is reflected in the company unders tanding that success comes from people.The broad range of experiences, backgrounds and cultures the employees bring to the company creates a unique atmosphere. At Nordstrom, ongoing efforts to encourage a diverse environment are found throughout the Company, from hiring and promotion to their Supplier Diversity Program. Nordstrom believes that one of the best ways to be a socially responsible business is to create a workplace where people can be financially successful and grow a rewarding career. Throughout their history, Nordstrom has created a workplace where people feel valued, outstanding performance is rewarded, and entrepreneurial spirit is encouraged.In the spirit of entrepreneurship, Nordstrom authorize its employees to run their own business within the company’s four walls. Although Nordstrom has been fortunate to have been recognized by Fortune magazine as one of the best places to work, there is always room for improvement. Employees at Nordstrom are most valuable resources and as a company Nordstrom is committed to support them through upholding diversity, offering workers with benefits and opportunities for career growth.Supplier diversity seeks out and develops relationships with qualified women-and minority-owned businesses are the keys to the Nordstrom Supplier Diversity Program. In 1989, Nordstrom launched the Supplier Diversity Program to help attract qualified vendors that might not otherwise consider Nordstrom as a potential client. Nordstrom recruits a wide range of women and minority owned vendors in three categories: merchandise, supplies and services, and construction. Since the program began, Nordstrom has spent more than $8 billion with minority and women-owned businesses. Legal Framework of Equal EmploymentAs Nordstrom contracts to manufacture products in various countries, it has an opportunity to address a wide range of factory issues throughout the world, especially workers rights. To address these concerns, Nordstrom creat ed a Social Responsibility team in 1994. This team works closely with company’s product group vendors to see that Nordstrom label products are made in accordance with applicable laws and ethical labor practices. Additionally, as a buyer of merchandise from around the world, Nordstrom expects the companies that they work with to do business by acting responsibly.Through the Partnership Guidelines, focusing on social responsibility in manufacturing, and by forming strong alliances with non-profit organizations the company can better protect the human rights of those in the companies supply chain. Nordstrom’s partnership guidelines cover topics such as forced labor, child labor, health and safety, harassment and abuse. The company social responsibility in manufacturing gives an overview of how the business upholds responsible relationships with vendors.Over the years, Nordstrom has formed strong alliances with third party organizations including Business for Social Respon sibility, the Fair Labor Association and Fair Factories Clearinghouse. These partners, among others, act as checks and balances for Nordstrom in its efforts to protect human rights. Forced Labor: Nordstrom will not conduct business with any Partner that uses involuntary labor of any kind; including prison labor, indentured labor, or forced labor. Overtime must be voluntary. Employees shall not be required to lodge ‘deposits' or identity papers upon commencing employment with the company or as a condition of employment.Child Labor Partners will not employ anyone under the age of 15, and or younger than the age for completing compulsory education, or under the minimum ages established by applicable law in the country of manufacturer, if higher than the age of 15. Furthermore, Partners of any kind must comply with all local laws pertaining to the restrictions on â€Å"young workers† under the age of 18, including restrictions on their exposure to situations in or outside o f the workplace that are hazardous, unsafe, or unhealthy, and Partners will provide adequate protection from such exposure. Nondiscrimination:Nordstrom firmly believes people are entitled to equal opportunity in employment. Although the company recognizes cultural differences exist, Nordstrom will not pursue business relationships with Partners who discriminate in employment practices (including hiring, wages, benefits, assigned duties, advancement opportunities, discipline; termination or retirement on the basis of sex, race, color, religion, gender identity, age, sexual orientation, national origin, marital or maternity status, work or personal affiliations, political opinion or social or ethnic origin, or physical, mental or sensory disability).Harassment and Abuse: Nordstrom expects its Partners to treat every employee with respect and dignity. No employee will be subject to any harassment, which includes any physical, verbal, sexual or psychological harassment or abuse. Partner s will not use monetary fines as a disciplinary practice. Furthermore, workers must be free to voice their concerns to Nordstrom or Nordstrom appointed staff, and must be allowed to participate in the Nordstrom audit process, without fear of retaliation by factory management. Health and Safety:Nordstrom seeks Partners who provide written standards for safe and healthy work environments and the prevention of accident and injury to the health of their workers, including adequate facilities and protections from exposure to hazardous conditions or materials. These provisions must include safe and healthy conditions for dormitories and residential facilities, and they must comply with local health and safety laws and standards. Wages and Benefits Partners shall set wages, overtime pay and legally mandated benefits and allowances in compliance with all applicable laws.Workers shall be paid at least the minimum legal wage, or a wage that meets applicable local industry standards, whichever is greater. Documentation and Inspection: Nordstrom intends to monitor compliance with our Partnership Guidelines and to undertake on-site inspections of Partners' facilities. Partners will maintain, on file, all documentation necessary to demonstrate compliance with these Partnership Guidelines, and will authorize Nordstrom and its designated agents (including third parties) to engage in announced and unannounced monitoring activities to ensure compliance, including confidential employee interviews.Nordstrom will review and may terminate its relationships with any Partner found to be in violation of the Partnership Guidelines, including denying access to approved monitors. Freedom of Association: Partners will respect workers rights to freedom of association and collective bargaining. Lawsuits: Nordstrom to Pay $292,500 to Settle EEOC Harassment Lawsuit On April 17, 2009 the U. S. Equal Employment Opportunity Commission announced that Nordstrom will have to pay $292,500 to 10 form er employees and furnish other remedial measures to settle a harassment lawsuit.EEOC had charged that the department store manager harassed Hispanic and African-American employees based on their national origin, race, and color, and retaliated against those who complained about the harassment. According to the EEOC's lawsuit, a manager harassed the Hispanic and African-American staff at the Palm Beach Gardens and Wellington Florida’s stores. Even though the employees complained about the harassment, the company only did the minimum to help them. The alteration's manager retaliated against those who complained by continuing the racially offensive comments, unfairly berating mployees and citing them for alleged performance problems. Under the terms of a consent decree Nordstrom will have to pay for the damage and distribute its policy addressing unlawful harassment to all employees in the Wellington and Palm Beach stores; provide harassment training, post a notice on the resolu tion of the lawsuit, and submit a semi-annual report to EEOC on all harassment complaints received during the next two years. Working at Nordstrom Nordstrom has believed in promoting from within.The promote-from-within policy offers employees a unique opportunity to learn the business from the ground up and grow a rewarding career with Nordstrom. It's not uncommon for people who started on the sales floor or in the stockrooms to stay with the company for 20 years or more, taking on new assignments as they grow. The majority of executives began their careers with Nordstrom as salespeople or in the stockroom. Generally, Nordstrom looks for great sellers who love fashion and are passionate about helping customers.The idea of corporate social responsibility is not new to the company. Since the beginning Nordstrom has made every effort to run an ethical business where people want to work and shop. The social responsibility efforts help the company connect with customers and employees and help drive results. Striving to offer its customers the best possible customer service, social responsibility is a subject that requires continuous improvement, and is something that Nordstrom can always get better at. Jobs and Job AnalysisWhen one works at Nordstrom, each day is full of new challenges, friends and goals. At Nordstrom employees are encouraged to try new things and share their passion. This is a place to build a rewarding, lifelong career. Nordstrom Retail Internship Opportunities: Nordstrom is looking for individuals with a passion for retail who is motivated achievers and hardworking team players. As a Nordstrom Retail intern, the intern will receive mentoring and training in the exciting world of fashion through experiences that a person will not find in the classroom.During the internship the intern will have the opportunity to learn from the experienced people who bring the Nordstrom experience to life, gain hands-on experience by serving Nordstrom’s cus tomers, participate in sales and customer service events, gain exposure to a variety of management responsibilities, earn a competitive wage and receive an employee merchandise discount. Upon completion the intern will be offered an Assistant Manager or salesperson position, depending on availability and intern preferences. Nordstrom is proud to be named to Fortune magazine’s list of â€Å"100 Best Companies to Work For. Nordstrom’s believes this recognition comes from their desire to empower their employees to set their sights high and blaze their own trails. Nordstrom is a place where its employees’ future success and growth are truly a result of their own efforts and achievements. Nordstrom Stores and Merchandising: Nordstrom wants to be the ultimate fashion destination for its customers and provide a superior experience. From meticulous tailors to knowledgeable salespeople to innovative merchants who bring the latest trends and fashion to Nordstrom stores, their teams are comprised of talented people who work hard to delight the customer.The rewards for working at Nordstrom are many, employees find recognition for their unique talents and energies, they also work in an environment that gives individual freedom to excel and create their own career path, employees develop gratifying one-on-one relationships with customers and are able to choose from satisfying positions in commissioned sales, merchandising, Nordstrom restaurants, operations, support and Nordstrom Spa. Restaurants and Specialty Coffee:When employees work in one of Nordstrom’s restaurants or specialty coffee bars, they become an important part of a team that delivers professional and enjoyable dining and coffee experiences for Nordstrom customers. The employees will enjoy working with stylish, comfortable setting with outgoing co-workers who share the same passion for great food, coffee and service, also employees are able to bring their own personal passion for fo od and service to Nordstrom concepts featuring casual and classic dining alternatives and regional menus designed to suit Nordstrom customers.By working at the restaurant or coffee bars employees choose from an assortment of career possibilities, including line and prep cooks, cashiers, servers, hosts, bussers, dishwashers, chefs and management. Nordstrom Rack: Nordstrom Rack is where customers go for top-of-the-line fashion and accessories. An employee working on the Rack team has the opportunity to enjoy flexible hours, a friendly atmosphere and competitive pay along with benefits. Nordstrom’s created a fun, fast-paced, self-service environment that gives its employees the opportunity to grow.The employees learn the ins and outs of fashion retailing and customer service. They can choose their title from a range of positions in non-commission sales, customer service and stock. In addition, employees are encourage to choose the best position fit, full time or part time, in or der to find their inspiration. Compensation, Variable Rewards, and Executive Pay It is very important for a company to control what the executives collect in comparison to what a normal employee does. This has been an issue in business and politics because higher management have more rewards and more income than others such as; sales associates.For this matter Nordstrom has a compensation committee. The Committee â€Å"is responsible, subject to approval of the board, for establishing and maintaining a broad compensation program for the president and executives of Nordstrom in order to attract, retain and motivate key contributors to the success of Nordstrom and its affiliated companies, for reviewing and discussing with management Nordstrom’s compensation discussion and analysis, and for preparing an annual report on executive compensation to be included in the Nordstrom proxy statement†.Below are the list of duties and responsibility of the committee: †¢Ã¢â‚¬Å"A nnually review and approve the corporate goals and objectives relevant to the president and executive’s compensation, and evaluate their performance †¢Salary paid to the President and Executives The grant of any cash-based bonuses and equity compensation to the president and Executives †¢The award of any benefits or perquisites to the President and the Executives †¢To review management's annual performance evaluation of the Executives and to monitor the annual performance process for executives not evaluated by the Committee †¢To prepare an annual report on executive compensation to Nordstrom shareholders for inclusion in its proxy statement or annual report on Form 10K in accordance with the rules and regulations of the Securities and Exchange Commission †¢To recommend to the Board where it deems appropriate that an employment separation, or change in control agreement be established with any Executive and the terms of such agreement †¢To review , approve, administer, amend, and/or make recommendations to the Board relating to all Nordstrom cash-based and equity-based incentive compensation plans †¢To review management's recommendations for, and approve as it deems appropriate, long-term incentive award levels or other incentives to non-Executive key contributors to the success of Nordstrom and its affiliates †¢To review and approve any benefit plans, retirement and deferred compensation or other perquisites offered to Executives, including eligibility and the level and types of benefits or perquisites provided †¢To consult with the President regarding significant organizational structure changes and to advise the Board regarding the implications on any Executive compensation or benefit programs concerning such changes †¢To undertake such other responsibilities, tasks or projects as the Board of Directors may delegate or assign to the Committee from time to time †¢To conduct an annual self-evaluatio n of the Committee's performance to determine whether the Committee and its members are functioning effectively in adherence to this Charter †¢To review and approve management's recommendation for contributions attributable to the profit sharing portion of Nordstrom's 401(k) Plan and Profit Sharing, and additional profit sharing payouts, if any †¢To review and discuss with management Nordstrom's CD;A and based on that review and discussion, recommend to the Board that the CD;A be included in Nordstrom's annual proxy statement †¢To receive periodic reports upon request by the Committee on Nordstrom's compensation programs as they affect all employees †¢To periodically review and make recommendations to the Board with respect toNordstrom's stock ownership guidelines applicable to Nordstrom employees and directors and to monitor compliance with the stock ownership guidelines by those individuals †¢The Committee shall establish such rules, regulations and proced ures as it determines appropriate and reasonably necessary for it to undertake its duties and responsibilities as set forth in this Charter †¢The Committee shall maintain appropriate procedures to ensure accurate meeting agendas and minutes are prepared and filed in draft form as soon as practicable, with such Meeting Minutes presented to the Committee for approval at the next regularly scheduled Committee Meeting.Such meeting agendas and minutes shall be filed in the Committee Minute Book upon approval †¢The Committee shall have the sole authority to engage any consultants, legal counsel or advisors to provide services the Committee deems necessary and advisable to carry out the foregoing responsibilities, to approve all of the terms of such engagement including compensation, and to terminate any such engagement† (Nordstrom, 2008) While talking about compensation, here is an example of how much Blake W. Nordstrom makes out of Nordstrom’s sales. Blake W. Nords trom has been CEO of Nordstrom for eight years and has been with the company for 34 years. He is 47 years old and ranks 11 within retailing. Blake W. Nordstrom’s total Compensation is 8. 15 million dollars; thus his five-year compensation 21. 21 million dollars. 6-Year Annual Total Return20% 6-Year Return Relative to Industry112 6-Year Return Relative to Market118Blake W Nordstrom's Compensation Vs. Retailing Medians Salary $0. 70 mil $1. 01 mil Bonus NA $0. 84 mil Other $0. 07 mil $1. 06 mil Stock Gains $0. 71 mil $0. 00 mil Total Compensation$1. 47 mil $4. 39 mil Nordstrom has different types of compensation for its employees. For example, when someone works at Nordstrom they get 40 percent off on all store merchandise. They also do recognitions such as; employee of the month. Since Nordstrom is a retail store, employees get special incentive programs and they also work for commission which gives employees an â€Å"incentive† to work harder and sell more; resulting i n them earning more money.Employees also get recognition awards that recognize individual employees for their performance or service. Benefits Nordstrom is a respectable company to work for because an employee receives a strong benefits package. In addition, they ranked 72nd in the list of the top companies to work for, and use to be at the 36th place. Even with the bad economy, no cuts were made in pay or benefits for their employees. Nordstrom state, â€Å"as a Nordstrom employee, you should feel confident that your health and well-being are among our highest priorities. To that end, Nordstrom offers comprehensive, flexible benefits to our employees and their families. † Below is a list of the different benefits offered at the company: Health Benefits:Medical/Vision – medical, vision and prescription drug coverage Dental – basic preventive dental services and orthodontia Employee Assistance Program – confidential consultations, information and referrals , 24 hours a day Income Protection: Life Insurance – financial protection in the event of a covered family member’s death Disability Program – income replacement to assist you if you are unable to work due to disability Long-Term Care – financial protection for you or an enrolled family member who can no longer perform covered everyday activities Accidental Death and Dismemberment Insurance – financial protection for you and your eligible family members in the event of accidental death or dismemberment Retirement Benefits: 01(k) Plan – defer a percentage of your pay as pretax deferrals, post-tax Roth deferrals or a combination of both. Nordstrom matches your deferral, dollar for dollar, up to 4% Profit Sharing – share in the Company’s success through Company contributions to your retirement account Flexible Spending Accounts: Set aside pretax dollars to pay for eligible health care, dependent care and commuter expenses Time off : Leave or Absence Program – time away to recover from an illness, care for a family member or serve in the military Paid time off – time off with pay for your personal and family needs Sabbatical program – six week of unpaid time off to use any way you like Life/Work Benefits:Merchant Discount – a 20% or 33% discount of regular employees and eligible dependents Group Legal Services – access to local legal assistance for a wide range of services Group Home/Auto Insurance – group, discounted insurance rates for auto, home, renters, and other personal property Discount and services/Work Stream Rewards – discount on high-quality goods and services Resources and Referrals/Life Care – counseling, education and referral services to help you make life decisions on everything from childcare and academics to financial services and retirement Employee Stock Purchase Plan: Purchase Nordstrom stock at a discount Additional Benefits and Ser vices: Direct Deposit Jury Duty Pay Nordstrom Bank Nordstrom Federal Credit Union U. S. Savings Bonds Supporting the Environment In 2007, Nordstrom recognized the need to centralize existing efforts and created a multi-divisional group of leaders to come up with a comprehensive social responsibility strategy.In order to do so, they talked to the employees and some of the best customers to learn more about what's most important to them when it comes to social responsibility. They focus on the following areas: Supporting Communities, Sustaining the Environment, Protecting Human Rights, and Caring for their people. Nordstrom hopes to develop stronger relationships with their customers and be a better global steward with this strategy. Nordstrom recognizes that the stores facilities make an environmental impact and for many years it has been involved in recycling, energy and water conservation and overall waste reduction. In 2008, Nordstrom formalized a commitment to the environment wit h the creation of social responsibility strategy.It’s the company goal to reduce the impact on the environment by focusing on resource conservation, waste management, packaging and product innovations and organic cotton development, as well as incorporating sustainable options throughout their restaurants. The company is trying to increase recycling and decrease use of harmful chemicals and toxins. Across the stores and operations, Nordstrom is taking a closer look at how to reduce impact on the environment through innovations in sustainable merchandise, eco-friendly bags and boxes, and organic cotton development. As a fashion specialty retailer, Nordstrom sells branded merchandise from vendor partners and contract to manufacture private label products. The company has decided to focus on one issue directly related to what it does, and it now funds an organization that increasing the world’s supply of organic cotton.In addition, Nordstrom restaurants and coffee bars ar e finding ways to have a healthy impact on their customers, employees and the planet. From organic teas and Fair Trade coffee to nutritional labeling. Supporting Communities Although the environment is an important component of social responsibility, Nordstrom recognizes that social responsibility goes beyond just being â€Å"green. † The company’s financial support and involvement is important to the diverse communities it does business with. Therefore, its social responsibility strategy encompasses some of its existing practices in community giving, the United Way and international development.Overall, the company wants to give back to the communities that believed in them. As outlined in its Contributions Guidelines, its community giving takes the form of cash contributions, community partnerships and volunteerism. The selected areas of focus are the arts and culture, education, health, community development and the environment. Each year, Nordstrom donates millions of dollars to non-profits organization across the country. They also implemented the â€Å"Nordstrom Scholarship Program,† which supports education in most of the communities where it does business. In addition, Nordstrom has been a strong supporter of the United Way for almost six decades.It also supports several global organizations and projects including the HER Project, Organic Exchange, and vendor education programs. Current Financial Summary Nordstrom operates outlet stores in addition to department stores. Nordstrom Rack outlets appeal to customers who like the department store and the labels it carries but not necessarily the prices. Outlet shoppers visit to take advantage of bargains on items that did not sell at the department store or did not make it as far as the sales floor when a product line was discontinued. Recent financial results suggest that, in the recession, outlets may be giving shoppers who are not inclined to indulge at their favorite luxury departme nt stores an alternative where they can shop and still feel financially responsible.In March, Nordstrom’s beat analyst comparable store sales predictions, a relatively positive development despite the fact that those sales, generated in stores open for a year, were off by 13. 5 percent. Outlets helped mitigate greater softness elsewhere with comps at Nordstrom rack up 0. 1 percent versus down 16. 9 percent at department stores. In the recession, Nordstrom has been adding rack locations not just to satisfy bargain hunters but also to take advantage of good real estate deals that have been emerging. The rack has been a great vehicle to offer Nordstrom products at an off price as well as other products that consumers buy. Nordstrom, Inc. (NYSE:JWN) reported net earnings of $81 million, or $0. 7 per diluted share, for the first quarter ended May 2, 2009. For the same quarter last year, Nordstrom reported net earnings of $119 million, or $0. 54 per diluted share. Included in the 2 009 first quarter results was a benefit of approximately $12 million, or $0. 06 per diluted share, related to the closure of the company’s 2007 federal tax return audit. Excluding this benefit, 2009 first quarter net earnings were $69 million, or $0. 31 per share. Net sales in the first quarter were $1. 71 billion, a decrease of 9. 2 percent compared with sales of $1. 88 billion during the same period in fiscal 2008. First quarter same-store sales decreased 13. 2 percent compared with the same period in fiscal 2008.

Jane Austen s Pride And Prejudice - 1940 Words

This quote is found in Jane Austen’s novel Emma in Volume 3 and Chapter 9. It is said by the narrator in a tone of not great despair but more of amazed shock. Mrs. Churchill was not someone who people adored and after her death family members were excited at the prospect of inheritance. She often dramatized being ill in order to get sympathy from others including her husband. Mr. Churchill was no longer at the mercy of his overbearing wife and after her death seemed a bit lost with all his independence. 2. This quote can be found in Jane Austen’s novel Pride and Prejudice in Chapter 18. The line is said by Elizabeth Bennet and she is talking to Mr. Darcy. The ball at Netherfield was going on and it is an important scene because it gives†¦show more content†¦It is spoken from Mrs. Elton as she gossips about Emma’s wedding at the end of the story and how it is not up to par. It shows how Mrs. Elton is the perfect example of a rude and vanity filled member of high class. Although Mrs. Elton points out everything wrong throughout the ceremony, it is clear that Emma does not give it any attention. She is more excited about the future with her husband and ready to start her new life on a positive note. 5. This quote is from Jane Austen’s Pride and Prejudice and it is from Chapter 36 P. 18. It is said by Elizabeth Bennet during a moment of realization that she is just as prideful as anybody else. She now understands the type of person she is and has allowed her emotions to trick her. After receiving the letter from Mr. Darcy she realizes that she is not as skilled as reading people as she thinks she is. This passage is important because it shows Elizabeth growing from her experiences. 6. This quote is from Jane Austen’s novel Emma and is in Volume 3 Chapter 7. The dialogue is said by Emma to Miss Bates and it shows that Emma is not as passive as other have thought to believe. Her jab to Miss Bates causes her to blush in embarrassment and comes off as rude. It reveals part of her feelings toward Miss Bates but Emma soon regrets her actions. As she leaves with Harriet, George makes it a point to admonish her behavior and the reader learns that George’s opinion matters a