Improved Rewards at Work: Compensation and Benefits Packages Essay

Compensation and benefits packages argon the talk of the century. Whether it is benefits offered by the government, an insurance accompany, the local supermarket, a circle 500 company, a logistic firm, retail, or even organism the owner of a business, this topic is tolerant spread. Employees extremity to know what they will work over in exchange for their track downing for a company. The cost of dental, vision, and health benefits be increasing lavishlyer than ever before and having a great benefits package will for sure deplete employees or future appli movets beating the path down to work for an ecesis that has offers competitive benefits.These are the benefits that most organizations offer and are pretty standard. However, if organization overwhelm in their fee package 401 K, l peerless product liness insurance, disability insurance, and feel insurance, it attains the organization more attractive. oft seasons ages, most employees dont have a life insurance poli cy and their screwd 1s are stuck trying to come up with the money to give the decedent a decent burial. This bathroom be a less stressful task if the person is cover by a life insurance policy. Organizations who offer this plan to their employees are definitely a benefit.The lay out is usually cheaper as a group company rate, than it is to purchase it privately. other benefit that comes in skilful for employees is a retirement plan. Although this is often not enough money for seniors to retire and have to end up going back to work part-time just to continue the lifestyle they are accustomed to, it gives them virtually sort of cushion. Its even better if they pay more into it to better plan for the future. If the plan in any case take ons a 401 K package, then the employee gets a better cushion for retirement.Since insurance is needed in this age, it is more resemblingly than not, that employees who are pursuing new work ventures and opportunities with a better organizatio n they are looking for these types of benefits. For example, McDonalds offers their employees competitive wages, free uniforms, free dis counted meals, flexible work hours, medical insurance, prescription medicine coverage, 24-hour nurse line access, vision discount, short-term disability, term-life insurance, 401(K), paid holidays, vacation and educational assistance (McDonalds, 2013).Having said this, college students who jump out out working at McDonalds whitethorn go on to pursue careers with McDonalds because they offer an splendiferous compensation package, especially since they offer educational assistance/tuition reimbursements/scholarships. For someone who has the education and experience in a field such as Logistics or Human Resources, the benefits may be slightly different, because it is a larger organization in a different field. With McDonalds, the vacation, sick pay and personal days may be more structured, whereas with the government, the days may increase with th e hours worked.With that said, businesses are getting more imaginative with the compensation packages they offer to remain competitive and retain employees. To determine the ways triggers in employee benefits can improve the general competitive compensation strategy of the organization we must look at what employees really want. Some innuendos would be (1) Allow employees to have flexible work schedules. This will allow them to have personal time with the family, dish out schools functions or field trips, meet scheduled dr.s appointments, or even relax and recuperate so that the employee can come with a fresh renewed mind. The next suggestion is (2) Give out exercise (such as employee of the month with parking privileges or gift card), discretion of service awards, or letters of perceptiveness from an immediate supervisor/manager. This type of payoff lets employees know they are appreciated for the big(p) work they have urbane for the company they are being noticed and ac knowledged by the top of the chain and sends a message to the employee that they are being watched, so keep of the good work.It could also let the employee know that in the event of promotion or if raises go out, they may be a good candidate for receiving it. By the selfsame(prenominal) token, if they are slacking in any way, they may be coached or forfeit being considered for a raise or promotion. An example is that our company writes love notes to the student (which is a form of appreciation letter). They basically address them for doing a good deed for someone, excelling in their classes/grades, moving on to the next direct/phase of their education, or how well they performed a service on a guest.Our managers and the owner write love notes to us and sometimes reward us with gift cards, movie tickets, bracelets, and necklaces or some sort of prize. Often we do generate raises according to our performance reviews, but sometimes if we meet service and take firm goals, get raises . Another thing that is incorporated is student and employee of the month. These rewards often come with free releasees to events and front words parking. Aside from that, another innovative benefit is (3) Make the work environment exciting and fun.No one likes to come to work in a stuffy environment where everyone is on edge and way pass serious about everything. Creating a fun environment sets the tone for success, drives employees to not want to miss a day of work because they enjoy going, is an incentive for staying with the company and remaining loyal, makes employees feel they are part of a family away from family and motivates them to perform better. It is somewhat double fold, because it is also a winning situation for the employer as it makes the work day more productive when employees perform at their peak.Employees meet or exceed service or product goals when they are happy with their employer. Next, (4) Allow employees to work from home if it is execut open. Sometimes when there is no one to interrupt when projects or deadlines have to be met, being in the comfort of your home environment allows the liquid time needed to gather the information for the plan that needs to be implemented, cuts down commuting time that could be spent on working, offers a change of scenery so creativeness is allowed to flow and top hat of all, there is no need for dressing the part, it can be done in comfortable clothing. choke but not least, (5) Allowing employees to be a part of a team or project where they can implement ideas and suggestions on how to accomplish the project effectively and efficiently. Employees feel like what they think is important and their opinions count and are valuable to their employer. It gives them a sense of responsibility, accountability, and belonging. Most of the time, employees acquire the confidence to eventually want to tint out and lead projects (Tynan, 2013). Such as with innovative benefits improving an overall competitive co mpensation strategy, the same applies with tying benefits to those specific jobs.Performance appraisals are normally tied to raises and wage compensation. The scenario usually goes something like this The employee has an evaluation on the job performance they have carried out during the evaluation period. The manager conducting the assessment usually has a check list with the duties and rates each section with excellent, good, needs improvement, or poor. The raise is usually base on how well the employee scored (in other words, if they will be rewarded the maximum allowance, receive a portion or nothing at all). The same goes for tying innovative benefits to specific jobs.For example, if an employee receives a recognition award for high performance and see company goals (such as employee of the month), the benefit will be attached to that specific job. Another example is salary and wages. Salary and wages are connected to specific job duties. If a receptionist has duties that inc lude filing, setting appointments, greeting guest, answering phones/taking and dispersing messages, booking meeting, making travel arrangements for managers, and running errands, when evaluation time comes, the amount of wages or salary is dependant on how well the employee performed their duties.This is also in line with pay for performance. When it comes to a rewards system, there are some things that have to be fulfilled in put for the system to work. Some of the criteria are to ensure employees understand what their job duties include. If employees dont know what they are suppose to be doing then they will not be able to perform their jobs according to how managers face them to. Another thing is there must be value placed on this system. If everyone can receive a raise/pay increase or incentive whether or not they are a high performer or a poor performer then there really is no since in incorporating this award.It will not be fair to the outstand performers. It will send a mes sage that it doesnt matter how well you do, you will still be rewarded. For the ones who strive to do their best, it lowers their morale and causes them to not want to perform their best. This will also cause a decrese in productivity. Once the high performers stop meeting goals, the organization suffers. An assessment must be conducted on a regular basis and evaluations must include feed back so the employee knows if and where they are lacking and excelling.There should also be team meetings if feasible or an individual meeting to ensure the employee(s) are on track with what needs to be accomplished in order to make company goals happen. The effectiveness of an equity-based rewards program as apposed to a more creative one is that first, an equity-based rewards program may include stock options in the company. It is also and incentive for being able to retain employees and may contirbute to the success of the company. When employees have stock in a company they anticipate on it do ing well in the future so they can cash it in or receive dividends on it when they are paid out.It also doesnt hurt if the employee feels like they are an important part of the organization. This may also play a role in employees sticking around. Stock may also be an incentive to employees so they know how valuable of an employee they are. Not all companies offer stock to their employees, so it is a big deal if an organization trusts its employees to participate in owning a portion of the company. Employers have a hard task of making sure their employees motives for wanting to own stock is in the right place.The reason for this is, say for instance the employee wants to see how much the stock is worth in 5 years. For one, this sends a red iris diaphragm that they only wanted to invest to see if they could get lucky quickly, in hopes of leaving the company or even earning quick cash. Another motive for the organization to give employees stock in the company is to get employees to c ommit to the company for the long term. The organization can also look forward to the employee feeling like they are part owner of the company and will therefore give their all to see that the organization is successful.The employees who have stock will also advocate for the company, ensure they are looking for like employees (high potential), and make sure everyone is on the same page with organizational goals. On the other hand, managers should be aware that this could entirely go the other way and the employee can feel as if they should be able to make suggestion and have them implement them, allows them some sort of power to make decisions and afford them the opportunity to make do what they want. Stock can definitely be a motivator if employees commit for the long haul, show an invade in the organization and perform their best (Robbins, 2004).As for the more creative approaches, they offer a wider variety show of options such as child care benefits/discounts, retirement bene fits, elder care benefits and educational assistance to look up a few. The difference is that the creative approaches include benefits that are very useful to employees. Having stock in a company is a great motivator, however, it is even more motivating being able to receive benefits that are usually more expensive to employees on their own. It frees up the amount of money that the employee will have to cut into out.According to the article Driving Success How You Innovate Determines What You Innovate, there is a few unwrapstone components that can be implemented when incorporating traditional benefits with innovation benefits. These are known as the seven innovation rules (1) Line up the variety of innovations to the organizations industry. Innovation may or may not be the key to success for the companys overall business strategy It may be determined by the types and amounts of innovation needed to support the business strategy. (2) Deal with the expected pressure concerning cr eativeness and worth.A company needs strength in both. Creativity without the ability to translate it into profits (for example, execution and value capture) can be fun but it is unsustainable profits without creativity is rewarding but only works for a short time. (3) Reduce the effect of organizational antibodies. Innovation necessitates change and change stimulate explicit routines and heathen norms that act to block or negate change. (4) Recognize that the basic unit or fundamental create block of innovation is a network that includes people and knowledge both inside and out of the organization.A successful organization excels at fusing its internal resources with selected portions of the vast resources of the worlds capitalist economy. (5) Create the right metric and rewards for innovation. mess react to positive and negative stimuli, and a companys innovation is no exception. It will neer achieve the level of innovation that is needed if people do not have the proper rewar d (Devila, Shelton, and Epstein, 2005, retrieved from www. ftpress. com /articles).

Reaction Paper 1

Kaily Purtle 09-10-2012 Study of the Family Reaction Paper 1 In class we discussed Reading 4. This reading was about the Super mummy. We discussed our personally experiences along with readings. We talked about how go along at central office fixs and working m otherwises get looked at by society and by their husbands. I willing be writing my reaction paper on this topic because it is very interesting to me. The Super Mom is described in the White and Klein text as a stroller in one hand, skeleton case in the other. This means that the mother is doing all she can to provide for her family while still provide to her children.On the other end of the spectrum, a Stay at property Mom is unspoilt a mother that stays home with the children. She takes care of every need that the children have while taking care of the home at the same time. The husbands of a Stay at Home Mom believe that it is elementary. In the reading, the agent says that mothers are faced with intensive motheri ng where they need to be mothers first before anything. To society, this Stay at Home Mom needs to justify whey she is unable to work outside of the home. There are unity moms out there that work everyday so, they need to justify why they live at home.I personally believe that whether or no the mother stays at home just depends on the family situation. The children whitethorn needs extra attention that the mother needs to attend to or maybe the husband believes that his married woman should stay at home and he makes enough money to take care of his family alone. It just depends I think. We also discussed what mothers should do if they work early till late. We all discussed our own experiences but mine was that my grandfather helped us out. He still does. My father works everyday almost and my mother is a teacher so they are not available during the day.My grandmother works and my grandfather is retired, so it is very easy for us to get ahold of him if we need anything especially si nce he lives across the street from me. I think we were just blessed to have my family so close to us that way we can help each other out. They are always there for us. Like I said, every family is different. They need to be able amount have someone there for their children when they need to be taken care of no matter if that contains extend family, a brother or sister and maybe the parents if they are available.

Importance of Education Essay

My father barely finished high inculcate and my mother has only a sixth grade education. I was raised primarily by my mother and because of her limited educational background we set ab pop out great difficulties. As a young child I was placed into foster care with dickens of my siblings because after a fire occurred in our apartment building our mother did not birth the resources to aliveness us from being categoryless. We eventually reunited with our mother just now not before being traumatized by the disengagement and the abuse imposed upon us by our foster family.As I grew up and faced umteen difficulties I realized a large part of our struggles as a family was our inability to progress out of poverty. I believe wiz of the main barriers to that progression was my mothers lack of education. She did not pretend the skills and abilities that would allow her to pursue a career that could improve the lives of her children. As I am writing this turn up my mother and younger siblings are currently homeless due to another fire that has happened at their Brooklyn home just two nights ago. Luckily I have my wife as a support remains to aid me in assisting my family through this difficult time.I was always considered a smart child but due to a lack of resources in my home life I eventually faltered in school. In High school I became disengaged. I felt alone and disconnected from my family, friends, classmates and teachers. There was no one for me to communicate with and so I started to hate school and life. As I reflect on my historical I realize that if I had a mentor or a better support governing body then I may not have made some of the mistakes in high school that I did. As a black man I am very proud of myself for overcoming the numerous obstacles I have faced in my life.Five years ago I would not have thought it would be possible for me to apply to University. It is only through hard work, persistence, dedication and a circumstantial bit of luck that I am not uneducated, unemployed, serving time or dead corresponding a lot of the people I grew up with in Brooklyn. I am the first instalment of my family to attend college. I am also the only person from my group of childhood friends to be graduating from college. I think this is a great achievement but one that needs to happen more a great deal in minority communities.

“Breathless” by Wilfred Noyce Florence Wong Essay

Breathless, which was written by Wilfred Noyce at 21,200 feet, describes the emotional struggles and physical ch wholeenges the loud vocalizer system experienced and overcame small-arm uprise a mountain. And through it, Wilfred Noyce illustrates the theme of gentlemans gentleman versus nature as well as the correct attitude in achieving goals by emphasising the ambivalence of the utterer toward finishing the near. This is demonstrated through the songs tone, form and structure and the use of imagery respectively.To swallow with, the tone throughout the poem is discouraged and almost dreadful, yet conflicted with determination. In suck up 5-6, Legs lift-why at all? suggests that the verbaliser is savouring hopeless at that moment since he is having a hard time climbing up the mountain as described in nisus 1-2, Heart aches, lungs pant. However, in line 19-20, dont look up, money box journeys done and in line 29-31 Go on and dont look up indicate the strong determination in the utterer to finish his journey on the mountain. The speaker is commanding himself to carry on, even though he would be intimate to take flat abuses instead as showed in line 11-12, a flat step is holiday. The determination to conquer nature is expressed here. On top of that, the poet is trying to relate this to nations daily lives just like how the speaker struggled with finishing his climb, people experience hardships and temptations throughout life, and it is labor and self-discipline that lead them to reaching their goals.Secondly, the structure and form of the poem portrayed the level of difficulty of the climb to the speaker. The outline of the poem is not regular or smooth, depicting the rugged and twisty road the speaker is climbing on, and furtherto a greater extent all the unalike problems people face in their lives. There is also no stanza, which means the lines are all alined, without any gaps in between, just like the continuous climb the speaker is doing, an d the unceasing challenges in peoples lives.Moreover, the lines are short, some chopped off in the philia (caesura), and the words are short with little syllables. This imitates the ragged breath,steady, fast heartbeat and small footsteps of the speaker patch climbing up the mountain, and also the intense atmosphere while doing it (since he is confronting with the edge every moment). And more importantly, it is written in such way so when readers read the poem out quickly, they will feel breathless as well, just like the speaker does in the poem. In addition, for most of the lines in the poem, the create verbally scheme of ABCB is adopted, like how line 2, pant rhymes with line 4, scant, but line 1 and line 2 dont. This is to imitate the repeating process of the speaker putting his feet forward one by one, as well as his pounding heart and panting lungs.Besides, this poem is written in stark verse, which means it does not have a fixed pattern of meter or rhyme. During the middle of the poem- plod breath/ once more then on dont look up till journeys done, it is where the ABCB rhyme scheme adopted so far breaks down. This indicates that the speaker is really breaking down at that point, losing hope, but also finding the flicker of determination (since he state dont look up till journeys done), contrastingly. The idea of unfreeze verse is to provide a sense of roughness of the climb and losing breath during the climb in the poem. Finally, a circular structure is used in this poem as well.Heart aches, lungs pant/ dry agate line/ sorry,scant. appeared at the beginning of the poem, and so in the end of it. This is to emphasise the physical pain the speaker is exhalation through climbing the mountain, also the greatness of the mountain, since it is able to oppress the speaker. In overall, the structure and form of the poem helped intensify the feeling of exhausted and despair, and mostly, breathless, showing how weak and vulnerable human being is to nature. In the meantime, this parallels to the position that the journeys that people choose to embark on is often hard and full of challenges.Thirdly, the imagery created by Wilfred Noyce in the poem, again, pictures how challenging the speakers climb is. The senses auditory, taste and smell do not apply since the speaker is climbing a mountain. The imagery of a long, difficult and vague journey ahead is depicted by the things the speaker sees loose drift, heavy fall, the journey ahead and glasses dim. The imagery of snug to falling/fainting is created by what the speaker feels heart aching, lungs panting, dry air, prodding the snow, grinding breath, hand wrenching, limb faltering, a slack throat and heartbeating.Then, the imagery of depression and wanting to give up is created by harsh, propellant or monosyllabic words like grind, wrench. It also creates the sound effectApart from that, the speaker describes the feelings of his different body parts separately, one by one, as if they were separate, or falling apart. These imagery emphasise how desperate the speaker is while climbing the mountain, the same thing a lot of people feel while confronting challenges in their lives.In conclusion, Wilfred Noyce wrote this poem to contrast the greatness of the nature and the weakness of human, as well as how people should be persistent and persevering when facing depressing challenges in life. He conveyed his message by using mainly the tone, form and structure and use of imagery in the poem. Ultimately this is all intend to create the effect of breathlessness to the reader, and it is very effective.

Future of Food Essay

In the passed couple of decades, the aliment for thoughts we deem to be natural or of the Earth be instead Genetically Engineered. The term Genetically Engineered does not opine that the entire ve guideable or food is fake but rather means that on that point is at least one genetically modified ingredient in the food that is sold all everywhere stores, which raises a great health concern for many lot. In the feature production of the documentary cognize as The Future of Food looks at how modern day technology has changed the food we consume and the set up it can present on our health.In watching this film about all the advancements that science has dress to in the demesne with the food being eaten everyday, twain the positive and negative effects of all those proficient changes, its only right to think of the countries that barely ask enough food in general or the concourse who are losing their livelihoods because of the advancements created by science in first world countries.A first world country like the United States has not only a great amount but similarly lots of variety of nutrition however, even this is still not enough to satisfy such(prenominal) a wealthy nation because steps are still being taken to continue to improve nature. Projects were through with(p) that helped produce lemon in all kinds of different colors and creating bigger than normal size strawberries. A question seems to arise, is all this technological advancement necessary?Are we as a society fetching unnecessary measures to fix something that is natural and roleplayed since the beginning of term? In the medical world, many health problems involve been examined where food and nutrition were identified as partial contributors to the problem. This film helped in explaining how enzymes are used to knick lemon desoxyribonucleic acid and how foreign DNA was then presented into the corn cell walls. Consuming the genetically modified corn caused allergic reactions and stirred a health concern about labeling genetically modified foods.In my grumpy perspective it should be the peoples right to know whether the food theyre ingesting has been qualifyed genetically or tempered with from its natural state. Nevertheless, this does not belittle the question as to why it is necessity to alter the food in the first place. In order to formulate a ground based opinion I need to weigh the positives and negatives. Natural food always has the benefit of being natural, however, genetically engineered foods sometimes has the advantages of looking more appealing, tasting better and/or having a longer lasting flavor.I have experienced this first hand I have grown a distaste to certain constitutional foods simply because they just didnt taste nearly as good as those that are genetically engineered even though the organic foods were supposed to be fresher and of course natural. This certain taste for food could just be that I got too used to the taste of all the preservatives that go into foods. Its arouse how I got used to chemically preserved foods and genetically engineered tastes that overtime became the good tasting ones while the healthy ones were rejected by my taste buds.Another benefit is that genetically engineered foods end up being cheaper because they have a greater resistance to environmental conditions that would normally spoil the un change form and are overly made in quantities not given the resembling attention organic foods are given to be fresh and ripe. Being that they are made in greater quantity, they are available for more people for cheaper prices, becoming the food of choice. The question would be, are the quantities made and the decrease in prices good enough to outmatch the negative effects of genetically engineered food?Another point and question would be why do many countries still remain unfed and continue searching for methods to feed their fast growing populations if these genetically engineered foods are produced in such a surplus manner? Keeping the advantages of genetically engineered foods in mind, there are definitely several noteworthy disadvantages too. An advantage was the surplus of food, however, how is it a benefit if such foods are harming the body?Some would agree that it is better to feed and raise a healthy smaller sized population with natural, unaltered forms of food than to infect a large population and have them suffer from the repercussion caused by the food they had consumed. Also, most people that are not keeping up with this field of work do not know that there are these bodies that have consumed the modified foods for such prolonged time periods and have overtime probably developed immunity to the side effects the modifications can have. In these genetically engineered foods the DNA is altered, and just as changes in human DNA lead to disorders, consumption of foods with altered DNA may have the same fatal effects.Certain genetic modifications can even go as far as cause cancers and brain and organ damage. A huge disadvantage that most people do not notice, especially those who live in urban areas, is that due to the production of the genetically altered foods a lot of farmers have been put out of jobs. These farmers are not needed as such(prenominal) anymore because more crops can be made for cheaper and therefore they no longer make as much money on each crop they plant and sow as they once did, as was shown in Central American countries.Now days, while technology could be helping the economy by decreasing the price of foods for people, it is also harming people who depended on the unaltered food to find them income. The U. S. economy and effort is choosing quantity over quality, which is not beneficial to our health but instead just our wallets. I remember that its not fair for people not to know what is in their foods and usually people dont seek food that can hurt them, therefore, it was essential that the Genetically Engin eered Right to Know act get passed.It would al execrable people to know what they are overpowering from the labels on the foods and therefore prevented conditions that couldve risen from individuals allergic to a modified substance. The Department of Agriculture and the Food and Drug Administration is supposed to be on straighten out of the foods produced and their effects. Nevertheless, it seems that genetically modified foods dont cause enough of a significant threat in order for them to take action and stop the advancement, rather than make headway it and seek ways to improve it.What would bring this matter to a flashing red alert? though I admitted that genetically altered food does taste better, I still do not agree with the fact that I am consuming and enjoying the taste of unhealthy food. plenty often look for the most ripe fruits and healthy looking vegetables when they go shopping, but for a lot of produce these bigger fruits and vegetables end up being the modified one s. Though I personally have only been able to see the advantages of these foods, I realize that the disadvantages outweigh the benefits of having genetically modified foods.From a realistic point of view, being a student on a low budget it would be unpractical for me to purchase anything but the cheap genetically altered food. Looking even at the bigger picture, many individuals and families have the same outlook I do. Therefore, many people may be against the genetic modification of food, yet not much course of action will be taken. People are comfortable with their life styles, making the cases and effects of modified foods not seem like such a big deal. This shows that the wrong approach is probably being taken to bring this to significant awareness.To promote foods that are not going to be altered, there needs to be ways to produce the same great quantities and keep prices affordable under the economic conditions of the country and the budget of the average American Family. It w as crucial to pass an act that will help identify the genetically engineered goods but still it is not decent enough to solve the issue at hand. This matter is truly a very controversial issue, containing both pros and cons therefore, we as a government and a knowledgeable society we need to take a carry and incorporate more ideas in to solving this domestic problem.

Journal assignment Example | Topics and Well Written Essays - 500 words

Journal - Assignment ExampleFrom a individualised experience, you are connected with other people whom you fortune the same profession when you join this organization. You learn and share experiences with people who understand you because you work in a similar environment. I have been a atom of Nevada Nurses Association hence, I have been competent to enjoy this great opportunity.Becoming a full constituent of Ameri freighter Nurses Association is equally important and beneficial to me as a nurse. This is because I regularly get together journals every month on any emerging issue or trend in my profession. This study is very resourceful when it comes to making important decision and moves in my profession. I have also been able to network with other members in this organization. This has enabled me to form and maintain long lasting relationship with other nurses in this movement. Hence, joining this association has been of importance to my profession (McQuilkin, 2005).Every pr acticing nurse should be a member of a professional organization in order to enjoy the benefits as stated above. It will also encourage them protect and champion for their rights in the course of duty. Hence, through this association, I will ensure that all nurses are registered members in order to network and connect with each of them.Further, nurses have an obligation to be advocates politically. For example, Nevada has a skinny name because of its impact in championing for the rights of nurses in US. These political activities enable the association to establish powerful relationships, which can be used to prevent or change any issue that is affecting well organism of nurses. As a political organization whom members are nurses, it has been able to protect the rights and welfare of nurses.I remember that nurses have an obligation to be political advocates. This is because they will be able to influence and act on issues that affect them in the line of their duty. For example, i t could increase in

Health Economics Essay Example | Topics and Well Written Essays - 500 words - 1

Health Economics - Essay ExampleFor instance, high level of technology, decrease in the cost of employment, decrease in profit obtained from other goods, and an increased number of sellers in the commercialise give shift the curve to the right side of equilibrium. All these factors ordain fade to a decrease in worth of the drug in question since very little cost is used in production (Taylor & Weerapana, 2011).On the contrary, Mankiw (2011) argues that if the price of inputs increases, cost of production of other goods increases, level of technology diminishes, and the number of suppliers in the grocery store reduces, then it is expected that price of the commodity increases. These factors will shift the supply curve on the left hand side of the equilibrium side as a result of negative change in the market prices. Additionally, increased prices of the drug will lower its demand since very few people will be able to purchase it.On the other hand, demand curve will be affected by a several factors. For example, increase in the expected take account of the good, increase in the value of a substitute, decreased price of the complementary good, increase in the number of the potential consumers and increased earnings of the consumer will lead to increased demand. This will lead to the equilibrium shifting to the right. This will lead to increased value of the drug. Moreover, when there is a decrease in expected value of the commodity, increased value of the complementary commodity, a decrease in the price of the substitute decreased number of potential consumers and decreased income of the consumer will lead to a downward change of the curve or the curve shifts to the left hence less demand. This decreases the price of the certain drug and supply will be down. Decrease in demand leads to flooding of a certain good in the market (Arnold, 2008).Several factors impact the degree of supply curve or demand curve shift (Graves & Sexton, 2006). First, monopoly or p roduction