Employee Benefits Increasingly‚ employees are being allowed to choose benefit packages from a menu of items. For instance‚ workers may be given a package of benefits that includes basic and optional items. Basics might include modest medical coverage‚ life insurance equal to a year’s salary‚ vacation time based on length of service‚ and some retirement pay. But then employees can use credits to choose among such additional benefits as full medical coverage‚ dental and eye care‚ more vacation
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factors to attract talented employees. Why employee retention? Hiring an employee is only a first step. Building awareness of the importance of the employee retention is essential. The costs associated with employee turnover can include lost customers and businesses as well as damaged morale (The Wall Street Journal). In addition‚ there are costs incurred in screening verifying credentials and references‚ interviewing‚ hiring and training a new employee (Mythri‚ 2006). ‘Fitz-enz (1997)
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Work Motivation in Banks Are there differences between sexes? Master thesis in Business Administration Authors: Bergström‚ Andreas Ternehäll‚ Mattias Tutor: Jönköping Brundin‚ Ethel. June 2005 Master Thesis in Business Administration Title: Authors: Tutor: Date: Subject terms: Work Motivation in Banks - Are there differences between sexes? Bergström Andreas‚ Ternehäll Mattias Ethel Brundin 2005-06-02 Work motivation‚ differences between sexes‚ bank Abstract Background The bank workers
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for the employee involvement and participation? Employee Involvement consists of variety of systematic methods that enables employees to participate in decisions that affect them and their relationships with the organization. It can become more than a systematic method by being a part of the management’s philosophy & assists in building an organization’s culture. Through EI the employees feel a sense of responsibility and ownership in decisions that they participate in. Employee involvement
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“discharged‚” “dismissed‚” “fired” and “permanently laid off.” Termination of an Employee in the Philippines An equality of rights exists between employer and employee. While the employer cannot force the employee to work against his or her will‚ neither can the employee compel the employer to continue giving him or her work if there is a lawful reason not to do so. Thus‚ the employer may terminate the services of an employee for just or authorized causes after following the procedure laid down by law
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Economics for Managers by Paul Farnham y Chapter 5: Production and Cost Analysis in the Short Run © 2005 Prentice Hall‚ Inc. 5.1 Defining the Production Function P d ti F ti The formula can be read as “quantity of quantity output is a function of the inputs listed inside the parentheses” Q = f (L‚ K‚ M…) where Q = quantity of output L = quantity of labor input K = quantity of capital input y M = quantity of materials input © 2005 Prentice Hall‚ Inc. 5.2 Fixed
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The role of a financial manager is a complex one‚ requiring both an understanding of how the business functions as a whole and specialized financial knowledge. The head of the financial operations is called the chief financial officer (CFO). The structure of the company varies‚ but a financial manager is responsible for the same general things across the board. The manager is responsible for managing the budget. This involves allocating money to different projects and segments so that the business
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Employee retention is very important to organizations. If employees can not be retained‚ the company will have to invest money for training new employees time and time again. The cost of replacing an employee is high not only financially‚ but in terms of lost productivity‚ the time taken by the employer to go through the resumes and the cost incurred to conduct interviews. The best away to avoid this costly affair is to focus on the retention of employees as otherwise it will have a castigating effect
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INTRODUCTION Employee welfare means a planned programme of activities or schemes that lead to the benefits of employee‚ in practical sense the above meaning is not exhaustive. According to the report of the Royal Commission Labour‚ the term welfare as applied to the industrial worker is one which must necessarily provide and is having different interpretation in one country from another‚ according to the different social customs‚ the degree of industrialization and educational development of the
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Q‚ Explain how someone can be a manager but not a leader‚ a leader but not a manager‚ and both a manager and a leader? Answer: The discussion between management and leadership has been considerable for a number of years. Differentiation between leadership and management is important. There is difference between manager and leader but both are important. Manger has to manage which means to accomplish and to bring about‚ to conduct and to feel the responsibility. On the other hand‚ Leader leads
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