REVIEW OF LITERATURE REVIEW OF LITERATURE INTRODUCTION Marketing by service industries are yet to gain momentum‚ especially when it comes to marketing by comniercial banks. In India‚ the liberalization of the financial sector has impelled all the players to redefine what business they are in and strategically think how to stay ahead in the existing business. Marketing orientation of banks is imperative for survival and success. EARLIER STUDIES Marketing of financial
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Literature review As for years hospitality industry is suffering from high staff turnover. The main aim to chose this topic for the literature review is that continuous problem and effect causing to the organization in terms of labor shortage especially skilled labor and organization having no control on the staff retention due to which it is become a challenge for hospitality industry especially human resource that how to attract and retain the talented and skilled staff (Barron‚ 2008). Demographic
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Measureable‚ Achievable‚ Relevant‚ Time-Based) objectives and a compensation model that supports these goals. An effective compensation model will be designed to support the corporate philosophy both in its design and the emphasis it puts on key traits of its employees. The text book‚ “Compensation‚ Eleventh Edition” by Milkovich‚ Newman and Gerhart (2014) gave numerous examples of pay structures with an emphasis towards pay-for-performance and mix-pay models as a trending leader in supporting the changing
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Globalisation: Definitions and Perspectives (Composed by Eric Beerkens‚ 2006) Globalization refers to all those processes by which the peoples of the world are incorporated into a single world society‚ global society (p.9). Albrow 1990 Globality is supplanting modernity (p. 4) Albrow 1996 The world economy has become so highly interdependent as to make national independence an anachronism‚ especially in financial markets. The interdependence is driven by science‚ technology and economics -
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Designing Compensation Systems and Employee Benefits Tameka Clark Compensation Management/BUS 409 February 26‚ 2012 Professor Munro Designing Compensation Systems and Employee Benefits A compensation system has an important role in a company. An ideal compensation system can motivate employees to enhance their job performance. An organization can use adequate compensation to retain talented employees. Retaining talented employees is important because they help organizations grow and
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CLAIMS AND COMPENSATION ADMINISTRATION UNDER THE EMPLOYEE COMPENSATION SCHEME – an overview This is an overview on Claims and Compensation according to the Employee Compensation Act. It briefly states the processes‚ procedures and purpose of administering claims effectively and the road to compensation. INTRODUCTION With the enactment of the Employee Compensation Act 2010‚ the prospects for the Nigerian Worker to be adequately compensated should there be injury at work became very glaring
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I don’t feel that the performance-based compensation for senior executive’s module is effective in the executive’s realm in every situation‚ in some companies it works and others it does not‚ it all depends the companies systems that are in place. As one article stated and I agree performance based compensation works best for routine job responsibilities such as the supervisors and lower hierarchy positions. This is a tool that can definitely motivate routine employees to work harder and strive for
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Employee Compensation University of Phoenix Human Capital Management 531 Employee compensation can be a very complex issue in any organization. This area combines basic human resource concerns as well as financial aspects of the organization. When dealing with compensation‚ an organization must balance the employee’s expectation and its own financial abilities. Employee compensation not only covers the salary but also includes other indirect benefits that may be part of a total compensation
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This debate is about whether or not CEOs deserve their multimillion dollar salaries. According to Kevin J Murphy (professor of finance and business economics)‚ CEO compensation is justified because CEOs increase stock prices which‚ in turn‚ increases shareholder wealth. In contrast‚ Lisa H Newton (professor of philosophy) argues that CEO compensation is not justified due to the large disparity between CEO salaries and the salary of an average worker. She also argues that high CEO salaries "bad stewardship
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Literature Review This Literature review seeks to provide knowledge on the research that has been found on Sustainable Tourism Management in the Small Island Caribbean States. A general background would be given on‚ Sustainable Tourism‚ Sustainable Tourism Management likewise an overview of the Small Island Caribbean States along with the issues that are plaguing them with the development of Tourism. In addition to this there would be an examination of the relationship between Tourism and managing
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