approaches and definitions of “what employee relations is”. “Employee relations is a common title for the industrial relations function within personnel management and is also sometimes used as an alternative label for the academic field of “industrial relations”. The term underlines the fact that industrial relations is not confined to the study of trade unions but embraces the broad pattern of employee management‚ including systems of direct communication and employee involvement that targets the
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Australian Journal of Business and Management Research Vol.1 No.9 [113-123] | December-2011 FACTORS AFFECTING EMPLOYEE JOB SATISFACTION OF PHARMACEUTICAL SECTOR Mosammod Mahamuda Parvin: Corresponding Author mahamuda_p@yahoo.com Lecturer‚ Department of Management and Finance Sher-e-Bangla Agricultural University‚ Dhaka M M Nurul Kabir Lecturer‚ Departmrnt of Management Govt. Shohid Suharwardy College‚ Dhaka ABSTRACT The Pharmaceutical sector plays a vital role in underpinning the economic development
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................................................................................................ 30 7. Job Design and Work Teams........................................................................................ 31 8. Communications and Employee Participation.............................................................. 33 9. Performance Appraisal and Performance Management ............................................... 35 VI. Knowledge Management and Knowledge Transfer............
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Q. What are the strategic principles to adopt 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
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manufacturing company in Malaysia. Therefore‚ this research use data stream to find the balance sheet and income statement of the listed manufacturing company in Malaysia. 1.1 BACKGROUND OF STUDY The background of the study is about the relationship between several factors of organization with the firm’s choice of capital structure. The several factors include size of firms‚ growth opportunity‚ profitability‚ sales growth‚ liquidity of
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education have important economic benefit to society. These three sectors have a close relationship‚ but the important relationship between educational and health‚ education and population‚ and health and population. There are many researchers have been conducting a research to illustrate the relationship between education‚ health and population. Cutler and Muney (2007) stated that education and health have a close relationship but complicated one. However‚ they did not provide enough information‚ Therefore
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activity slows down. The Business Cycle The Four Stages of the Business Cycle are: Boom: A period of very fast economic growth‚ with rising incomes and profits. Inflation will rise and there will be shortages of key skilled worker‚ leading to high wage increases. High inflation will make the country less competitive‚ and business confidence will eventually fall due to rising cost. Interest rates are increased to slow down growth. Recession/Downturn: Demand stats to fall as interest rate rise
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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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Minimum wage in Malaysia: need for it and its’ possible effectiveness 1.0.Introduction Background Information There has been growing debates concerning the minimum wage in Malaysia‚ with strong opinions from both sides of the arguments. In 1979 edition of their introductory textbook‚ William B. Aumol and Alan Blinder explained‚ “The primary consequence of the minimum wage law is not an increase in the incomes of the least skilled workers but a restriction of their employment opportunities” (p
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Employee Motivation A question often asked by first-line supervisors and managers is “How do we motivate our employees?” Effectively motivating employees to achieve a desired outcome is one of the most important functions as a supervisor or manager. There is evidence to show organizations are facing challenges retaining employees due to limited opportunities for advancement and the current competitive labor market. It does not appear things will get any better in the future. The loss of employees
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