Enbridge Inc.: Compensation Program and Management
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Enbridge Inc. is a multinational company that deals with energy transportation. This article discusses the compensation program and management effectiveness of the company. It covers internal and external equity, benefits, and recommendations for better management.
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Running head:ENBRIDGE INC. ENBRIDGE INC. Name of the Student Name of the University Author Note
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2ENBRIDGE INC. Table of Contents Background of the company......................................................................................................3 Internal Equity............................................................................................................................3 External equity...........................................................................................................................3 Benefits......................................................................................................................................4 Effectiveness of their compensative program............................................................................4 Recommendation........................................................................................................................4 References..................................................................................................................................5
3ENBRIDGE INC. Background of the company Enbridge Inc. is a Canada based multinational company that mainly deals with the processing of the energy transportation in Calgary and Alberta. The main concern of the business organization is that the transaction of the energy in all the parts of North America. The diversity in geographic area of Enbridge Inc. spreads from Canada to United States. This is the main reason that the processing of the business management is performed with the help of better understanding of the requirement of the products and distributes various kinds of fuels in required destinations. Enbridge Inc. is one of the largest distributers of energy. Enbridge Inc. was initially framed by the Imperial Oil I the year 1949 (Brooks 2014). Enbridge Inc. is considered as one of the largest transporters of Crude oil. Enbridge Inc. also gathers natural gas and processes the same for increasing the functionality of the product. Despite all the highly efficient project completion the main problem that Enbridge Inc. faces is that Enbridge Inc. has been responsible for one of the largest explosions that took place in United States. Internal Equity Internal equity of Enbridge Inc. is very high. The main reason behind the processing of payment of the employees who are employed in the business organization. Proper training is also provided to the employees of the business organization and this is in one of the most important aspect that proclaims the commencement of the project in better manner (Beck & Kovacs 2018). The rate of pay pf the employees are the best in class and this is one of the main reason that the commencement of the projects gets accomplished in a better manner. External equity Enbridge Inc. has high efficiency in the projection of the management of the project as the project management of the task that is to be performed can be performed with
4ENBRIDGE INC. efficiency only in case the management of the project has met the requirements of the legislation and the laws that are set by the government of the respective country. Due to the fact that the location diversity is very high in the business management of the Enbridge Inc. better and efficient management of the problems that are related to the laws must be met as in case the laws and rules are not met in an adequate manner the projects that are being undergone might not succeed in the project management terminology (Ontario 2015). Benefits Types of benefits employees enjoy are as follows: - The payment that are provided n the commencement of the employees are the best in class The employees are provided training Effectiveness of their compensative program Effectiveness of the compensative program is 3. The main reason of this high grades in the compensation program is due to the fact that the management of the program can be performed in a better manner and the salary that is provided to the employees are best in class. The employee’s also enjoy better nurturing of other knowledge (Boulanger & Stenhouse 2014) Recommendation Recommendations that are required are as follows: - Better man management must be done Certification of the employees must be done in order to provide them a better future
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5ENBRIDGE INC. ï‚·Laws that are related to the projection of the management of the laws and regulation of different countries as the business is performed in different countries.
6ENBRIDGE INC. References Beck, P. J., & Kovacs, D. (2018, September). Earned Schedule and the Use of Schedule Execution Reporting Metrics. In2018 12th International Pipeline Conference(pp. V002T02A017-V002T02A017). American Society of Mechanical Engineers. Boulanger, J., & Stenhouse, G. B. (2014). The impact of roads on the demography of grizzly bears in Alberta.PloS one,9(12), e115535. Brooks, M. (2014). The cautionary tale of kalamazoo: The still-unfolding horrors of spilled bitumen in Michigan's Kalamazoo River explain why more pipelines are an unacceptable risk.Alternatives Journal,40(1), 22-30. Ontario Securities Commission. (2015). Enbridge Income Fund Holdings Inc.