Benefit of delegation Delegation is act of passing authority or power‚ but not ultimate responsibility‚ to another person. The benefits of delegation include: 1. It enable organization to react to changes in market conditions in a more flexible manner 2. Enable decision to be taken nearer in the point of impact whereby on time in decision-making 3. It encourages managers to accept and understand the concept of responsibility within the decision-making process 4. It promote participative
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Economy Benefit from Technology An important aspect of having a successful economy is the ability for a country to trade its goods and service in an efficient way. The development of technology have greatly help to change the way countries trade their goods. Technology has currently reduce the time it takes to deliver the goods all over the world. From stem engines to diesel power engines and now with the aid of cargo ship we can reach the any place within few hours or minutes. For an example
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Advantages of Using a Benefit Broker Health care reform‚ tax compliance and talent poaching are various reasons why companies turn to benefit brokers to reduce costs‚ remain competitive and meet employees’ needs. As health care regulations change over the next few years‚ employers need experienced benefit brokers to guide them and help them deal with new responsibilities. Companies that employ the services of benefit brokers will enjoy the following advantages. Financial Rewards Benefit brokers are
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Benefits of DisinvestmentSome overall benefits of Disinvestment‚ irrespective of the approach used are as follows: For the Government 1. | Raising valuable resources for the government‚ which could be used to bridge the fiscal deficit for one‚ but also for various developmental projects in key areas such as infrastructure. The Financial Times (20th May 2009) quotes a report brought out by the French securities firm CLSA to state: “A reduction in shareholding to hypothetically 51% across all the
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Benefits of Leisure Benefits of Leisure ‘All work and no play‚ makes Jack a dull boy’ – something we were taught in kindergarten‚ but something we forgot along the way. Although we are all aware of the need and benefits of leisure‚ it’s not until something seriously goes wrong with our health or relationships that we start thinking about it. The importance of leisure has been so vividly understood‚ that companies and organization’s are slowly beginning to regulate overtime and over-working‚ and
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Benefit of potato: Blood-Pressure Lowering Potential good source of vitamin C‚ a good source of vitamin B6‚ copper‚ potassium‚ manganese‚ and dietary fiber. Benefit of pandan leaf: the leaves are used for treating diseases of the skin leaf is used in making grass green Pandan cake Benefit Of Lotus Leaf: used for treatment of summer heat syndrome and dampness accumulation lowering blood lipids
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Benefit #1 - Build Your Vocabulary - One of the main benefits of reading that you’ll find today is that it will help you to build your vocabulary. Too many people today don’t read and they also suffer from vocabularies that are very limited. Well‚ you’ll find that your vocabulary will definitely improve when you become an avid reader‚ so this is one benefit that makes it easy to see the importance of reading. Benefit #2 - Relax and De-Stress - Another great benefit of reading is that it provides
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IAS 19 EMPLOYEE BENEFITS HISTORY OF IAS 19 April 1980 Exposure Draft E16 Accounting for Retirement Benefits in Financial Statements of Employers January 1983 IAS 19 Accounting for Retirement Benefits in Financial Statements of Employers 1 January 1985 Effective Date of IAS 19 (1983) December 1992 E47 Retirement Benefit Costs December 1993 IAS 19 Retirement Benefit Costs (revised as part of the ’Comparability of Financial Statements’ project based on E32) 1 January 1995 Effective Date
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Cost Benefit Analysis A cost benefit analysis is done to determine how well‚ or how poorly‚ a planned action will turn out. Although a cost benefit analysis can be used for almost anything‚ it is most commonly done on financial questions. Since the cost benefit analysis relies on the addition of positive factors and the subtraction of negative ones to determine a net result‚ it is also known as running the numbers. A cost benefit analysis finds‚ quantifies‚ and adds all the positive factors. These
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Employee Benefits Theatric L. Ishmon Upper Iowa University Human Resource Management October 19‚ 2012 Abstract Employee benefits could possibly be one of the most important factors that employees look at when deciding on a place of employment. As employers are not legally required to grant all benefits‚ some voluntarily grant legally not required benefit as a way of differentiating their organization from their competitors. Because of the many forces that must be weighed and kept in balance
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