Petro-Canada's Total Compensation Strategy and Program Research Paper - 1

Petro-Canada's Total Compensation Strategy and Program - Research Paper Example However, the report analyses the above compensation structure before the occurrence of the merger between Petro-Canada and Suncor Energy. The idea is to analyze the compensation package of this employee to evaluate the same for the organization. Overview of the Company It is important to provide an introduction about the company before studying its compensation structure. Petro-Canada is a public organization producing oil and gas organization and taking part in all of the upstream and downstream operations. The company is known for exploring for and producing energy not only locally but also internationally. It has as many as 1,323 retail outlets which supplies petroleum products and services across the nation (The Canadian Encyclopedia, 2011). Headquarter of the company is located at the in downtown Calgary in Alberta. In the year 2008, the total revenue of the company was $27,785,000, while its employee strength was 6,088 (Petro-Canada, 2008, p.110). The oil and gas industry in Ca nada happens to be highly competitive having strong competitors like Encana etc. The objective to increase strength and emerge as a larger oil and gas company the company decided to merge with Suncor in the year 2009. However, now it operates as a subsidiary under the parent company, Suncor Energy (Suncor Energy Inc, n.d). Compensation Program for Applications Analyst I The compensation package received by an applications analyst I is quite favorable (Please refer Appendix 1). Cash Compensation The cash compensation received by an Applications analyst I in Petro-Canada is CDN$75,000-85,000 (Tang, 2010). This is a much higher amount as compared to the average market rate which is $50,795 (Pay Scale, 2011). Thus it can be said that the company has a lead policy in this regard. Apart from having an attractive salary the company also has a scheme of sharing profits with employees which happens at the end of each fiscal year. The amount of the profits shared with the workers depends on t he performance of the company at that financial year. As per the rules of the company an Application Analyst I is able to earn an amount of 10% of his base pay as profit sharing. In this way an employee could earn as high as 15% to 20% when the company has a successful performance in a year (Tang, 2010). Benefits Every staff in the company is subjected to the same comprehensive benefits and there is no biasness in that. Some of the benefits are determined by the company; however certain benefits schemes are subjected to more flexibility by the employees. Employees have certain amount of liberty to decide plans for the schemes. Thus, a flexible policy of benefits was developed by Petro-Canada to provide workers with the flexibility to choose their benefit coverage as per their choice. Beginning from the day the employee starts working with the organization, he is entitled to the following benefit schemes. Medical Insurance Companies generally provide benefits regarding the medical ex penses of the employees. This type of benefit forms a major part in employee benefit policy. It has often seen that if the employees’

Comparing Marble statue of a kouros (youth), ca. 590580 B.C. Archaic Essay

Comparing Marble statue of a kouros (youth), ca. 590580 B.C. Archaic and Statuette of Amun, ca. 945715 B.C.E. Dynasty 22 late Dynastic period - Essay Example it was used to talk about an adolescent - not yet man, but not a child anymore. The first statues of this type were made of wood but later, Greeks learning from Egyptians, started carving them in stone. According to various sources, it's not only in the material used that the influence of the Egyptians is to be seen, but in the style of the statue also. The theme itself is derived from them. (Carpenter, 18) Greek art is divided into several periods: the formative stage known under the name of geometric style (900-700B.C), a period when geometric and abstract models are predominant in art, the archaic period (700-500 B.C), the early classicism (480-450 B.C), the classic period (450-400 B.C.), the late classicism (400-350 B.C.), and the Hellenist period. The archaic period is known as an age when very important events take place, greatly important especially for the future of architecture and sculpture. It's the period when the natural size men and women figures appear. They are shown in a standing position. Their rigid attitude and their frontal representation demonstrate the Egyptian influence. The masculine kouros resembles a lot the Egyptian statues, with the left leg forward and both arms very close to the body. Although presenting an idealized nude, the early kouros figures present rather geometric than natural features. In Greece, art had no magical or mystical purposes as in Egypt or in other cultures. The places where the kouros statues were found in Greece as compared to the places where they appeared in Egypt are a proof of this fact. Egyptians placed them in tomb chambers where they were supposed to serve as refuges for the souls of the deceased persons, while in Attica they appear near burial places, far from temples. If early kouros statues mark tombs in Greece, they soon become the image of the living persons, not of the dead ones, representing the athlete, a deity, a human votary or anything that could be represented and thought of as having a material, physical body. They are not, like in the Egyptian art, "a symbol of a superstitious belief or an act of magic ritual" (Carpenter, 19), but a representation of something material, representation that suited the practical Greek mind. This is especially because of Greeks beliefs and philosophy of life. "The Greek Gods like all the Greek heroic company of myth and legend were as immediately accessible to artistic representation as anything in the world of sight." (Carpenter, 18). That is why, in art, between human and divine there is no barrier. Although taking the model from the Egyptians, the Greeks leave their own trace on the statue of the kouros, giving it certain particularities. Egyptians represent the male figure skirted, while Greeks represent the young man nude - which is the case for this kouros. Geometric forms predominate - mark of the Greek art, but the way the wrists and the knees are carved is a formula belonging to the Egyptian art. The long hair is rendered as a string of beads. The reason why Charles Seltman, the author of Approach to Greek Art sees the Greek kouros statues in general as different from the Egyptian ones is the fact that "they didn't have portrait-like faces but features as formal and patterned as were the bodies."(34) And indeed, if we look attentively at the statue of kouros from 590-580 B.C. the truth of this statement is obvious. Eyes, nose and mouth seem only sketched and not clearly defined, ears are not