the following people who made the completion of this project possible: My mentor Mr.Sudhindra.S for his vital encouragement and support. Mr. Magan Agarwal (AVP.)‚ Binani Cement Pvt Ltd.‚ for his invaluable contribution and support and all the employees who helped me in this project. At last but not the least I would like to thank Christ University Institute of Management‚ Bangalore for giving me the opportunity to learn and explore various fields. MAYANK AGARWAL OBJECTIVE OF THE STUDY
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Assignment 5 – New and Improved Rewards at Work Casandra Reynolds HRM 533 Total Rewards December 15‚ 2013 Dr. Lila Jordan Determine how innovations in employee benefits can improve the overall competitive compensation strategy of the organization. A competitive organization understands the need for a skilled and loyal workforce. In order to attract and retain top talent‚ many organizations offer innovative and creative employee benefit packages. It enhances an attractive salary and
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Reward means giving or receiving something for a desirable effort or behavior. In this essay‚ impacts of external rewards will be discussed‚ such as privileges‚ money and other incentive. Using reward policy could be beneficial to organizations as well as employees. As a matter of fact there are a lot of evidence that have been provided by researchers‚ which show the direct relation between reward‚ performance and job satisfaction. In contrast‚ punishment is found necessary to apply in order to balance
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environments and external environment is then further divided into general and specific or sometime task environment. Internal environment is the conditions and forces present and at work within an organization such as owners‚ board of directors‚ employees and physical work environment. General environment is everything outside an organization’s borders such as economic‚ legal‚ political‚ socio-cultural‚ international‚ and technical forces that will affect the organization. Specific environment
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TYPES OF ORGANISATION QUIZ 1) Which form of business organization do you think is most suitable for each of the following businesses? Explain your answer fully: a) A young student is planning to offer his services to neighbors as a gardener. He will purchase only cheap tools to start with. (3) The sole trader form is most suitable for this business‚ because sole trader is most common form- operated just by one person‚ and this business is running only by a young student‚ which is only one person
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study‚ the scope‚ significance and structure of the study. 1.1 BACKGROUND A reward is a management tool that hopefully contributes to a firm’s effectiveness by influencing individual or group behavior. Rewards in organizations are usually to reinforce an organization’s value‚ promote outstanding performance and foster continuous learning. According to motivation and human factor literature‚ rewarding employees for their contribution is an issue that has been much discussed and debated about
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Course Name: Leading People and Organisations Assessment Task 2: Essay Table of Contents Question 1 3 Question 2 7 Question 3 9 Reference List 12 Question 1 Explain the differences in research between the Competing Values Framework and the 4plus2 formula? The Competing Values Framework (CVF) was developed as a result of the evolution of four management models that were used during the nineteenth century. Quinn and Rohrbaugh (1983) developed the CVF model by defining the dimensions
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younger employees in the same way that we manage employees‚ which are in the company for several years. In an article from the Harvard Business Review‚ Michael Fertik has told us some good ways to teach and motivate employees in their twenties. The first step could be to give responsibility to young employees through a specific mission immediately. In that way the employee will to make decision‚ and if he does not know how to do it‚ he will figure out a way. Most of the time‚ young employees can be
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Culture within an organisation holds the key towards its success. The culture within an organisation determines its working and gives a view point towards its future prospects whether the company is heading towards its goal or not. Organisational culture can be diagnosed effectively and understanding the schema of culture types in the organisation would explain many otherwise unexplained organisational members behavioural patterns. In simple words culture within an organisation can be defined as
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Foundations Foundations of of Organization Organization Structure Structure 15-1 Chapter Chapter Learning Learning Objectives Objectives After studying this chapter‚ you should be able to: – – – – – Identify the six elements of an organization’s structure. Identify the characteristics of a bureaucracy. Describe a matrix organization. Identify the characteristics of a virtual organization. Show why managers want to create boundaryless organizations. – Demonstrate how organizational structures
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