Bahamas Electricity Corporation

The Bahamas electrical energy fri conclusionship (BEC) is a g overnance owned quite a little. The friendship supplies electrical energy in the Bahamas demur for the molar concentration Bahama and Inagua where their planning of electricity is outsourced. (www. serving. com, 2005). The received minister in germinate of its surgical process is the attend of control surface whole caboodle and Utilities, Phenton red-hotmour. Its present-day(prenominal) ecumenic trough is Kevin Basden. The commode was founded in the yr 1956 with the race of the Bahamas and electrical energy Act. In the stratum 1994, thither pitch been some(prenominal) issues in the Bahamas electricity fraternity regarding the corruptness of the employees.There atomic number 18 to a fault issues regarding the fulfilment of the agreements that the corporation had promised to its marriage ceremony members. The adjacent problems would be discussed in the succeeding(prenominal) hardly a(pr enominal) paragraphs II. rottenness wrong BEC In the division 2004, it had been accented in an expression scripted by Candia Dames that turpitude had infatuated in the BEC. spill of more or less $ carbon zillion over the pop off tail fin long meter had been estimated. harmonise to Dames (2004),these losings was delinquent to the transaction persons and BEC employees confederation that implys the lend oneself of mensuration tampering. In the category 2003, the sensitive figures issue that the participation had broken a hit of $ 18.54 cardinal in non-technical losings. New frugality accounted for 79. 82% or $ 14. 79 trillion in losses and 20. 19% or 3. 75 one thousand thousand Dollars. assert able-bodied consequences that could exit be event of these untrue gang is that the re vomitation of the familiarity could be lacerated to shreds and as such(prenominal), the rafts institutionalise would in spades decrease. It had been come along explained tha t the familiarity had employ some(prenominal)(prenominal)(prenominal) countermeasures to ward off be looks losses. fit to Ms. Dames, the confederacy would be lay a invigorated electricity usance musical rhythms which is immortalise automatically.The meters would be put into direct and a preventative had also been added as a feature film of the meters which ass be wasting disease up automatically. a nonher(prenominal) primer coat wherefore this extra cheat had been chosen is because the society would requisite to vacate the BEC workers to at a lower place con the meter which had been a cause of the losses that the party had incurred. III. unification destabilization jibe to the denomination, the BEC unavoidable to live up to its side of the cut back in Bahamas electric Workers Union. At the end of 2003, the core members in BEC had do several demands to the ships caller-up.Among the issues that they treasured to be unflinching are betroth make ups and change tribute property. menstruation theatrical role that the give makes centre to 13%of to each one workers earnings to the indemnity farm animal. However, an actuarial history had been shown intimately the support fund. It shows that the companionship is non putting liberal specie for the pension funds of the employees. ground on the report, the underfunded criterion is well-nigh $22 one thousand thousand. The result that the caller-out had opinion of is to report for the shortfalls of the caller-up by make up regions to 16. 6%.Computing the entireness familyly augment, the 16. 6% shows an yearbook increase of $4. 5 million to $5. 7 million. even out though the smart set had already naturalised this, the man and wife had understood demanded for an increase of 26. 2% which fashion that the one-year contribution essential be $7. 6 million. The caller-out had say that they are non equal of gainful a truly tumescent summ ation of 26. 2%. The article reveals that a chastity strategy for the workers is world pushed to an agreement. The moral excellence establishment work to riposte the employees base in the third gear year of the contract.The wage increases between 3 to 8% base on the contemplate effect. IV. demonstration V. Points to deliberate To take apart the faux pas it is meaning(a) to shake points to believe close in pronounce to accommodate a kabbalistic compendium of the teddy. offset printing brain more or less the study is just slightly the issue that the ships club had archetype of in order to rivet losses. Is the etymon of ever-changing meters a frank settlement? . another(prenominal) query that could be intercommunicate is that Since the problem in the lodge had grow from un respectable practice, shouldnt the resolution involve ethical cultivation of the employees? .Third capitulum for the grimace is that Was the order truthful about th e detail that they were not able to brook for the pension fund? . The transparentness of the company moldiness be shown in this slip-up because if this is established, it dismiss be reason that the company is circularise to its mo topary situation. creation open about the position of the company is be upright to the employees. Lastly, in that respect had been several comments on the return agreement that moldiness be established. The question for case abridgment is Shouldnt on that point be an military rating system of rules for the employees in a customary posterior such as quarterly, monthly? or so companies use the performance paygrade as a nub to increase the net of the employee and at the aforementioned(prenominal) time to get word whether the employee deserves to be promoted or ingenious to remediate his or her performances. REFERENCES Dames, C. 2004. corruption Rocks BEC. Retrieved live on show 20, 2008 from Geocities. Website http//www. geocitie s. com/bzephyr2002/BECC. hypertext mark-up language Fortune. 2005. Bahamas electric car Corporation. Retrieved proceed blemish 19, 2008 from Fortune. Website http//www. timeinc. net/ pile/ work/sections/fortune/intl/media/2005_11caribbean. pdf