rewards going to employees‚ is the crucial factor in employee motivation. There are different two types of compensation: direct and indirect compensation. Direct compensation refers to monetary benefits offered and provided to employees in return for doing their job. The most common forms of direct compensation are wages‚ salaries‚ incentives‚ commissions and bonuses. Indirect compensation refers to pay in the form of financial benefits. [Dessler 390] All employee benefits can be divided into health
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Productivity to Control Labor Costs by David Pavesic‚ Ph. D.‚ FMP You have two major “cost centers” at your restaurant. One is food and beverage. The other is labor. Which one do you think is most problematic? If you said labor‚ either you’ve been running a restaurant for at least a few months‚ or you have some genuine insight into the challenges of running a restaurant. Labor issues are still the No. 1 concern of most restaurant owners and managers. Food and beverage costs are held in check
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To this day‚ there is still a fine sharp line drawn in the very dirt of the big‚ wide‚ expanse of the work field. You are either in management or‚ the common laborer who resides below the manager‚ working long shifts with little pay. Employers think managers‚ as representatives of business owners‚ should have all the power. They should be able to hire and fire workers at will‚ for any reason
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Indirect Procurement: The Way Forward With the recent global economic downturn and financial crunch‚ companies have come to the realization that in other for them to ride the wave of recession and create a strategic competitive advantage through sustained cost savings and increase the available cash on hand‚ a change in the management of their internal spend is imminent. Identification and usage of a viable tool for procurement and spend management has become a priority We know that businesses
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POL 201 WEEK 1 QUIZ 1. Regulation of private activity is more difficult in classical liberalism because ANSWER: what was viewed as harmful was limited to physical harm. 2. Indirect democracy differs from direct democracy in that ANSWER: the people elect representatives. 3. Liberalism rests in a conception of equality whereby the government ANSWER: must not choose one person’s good over another. 4. According to Theodore Lowi‚ American politics is characterized by all of the following except for
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GUIDANCE NOTE WHAT IS INDIRECT DISCRIMINATION? Most people understand direct discrimination. Indirect discrimination occurs where the effect of certain requirements‚ conditions or practices imposed by an employer or education provider has an adverse impact disproportionately on one group or other. Indirect discrimination generally occurs when a rule or condition‚ which is applied equally to everyone‚ can be met by a considerably smaller proportion of people from a particular group‚ the rule
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by ANTERA L. DORADO‚ President‚ petitioner‚ vs. THE HONORABLE SECRETARY OF LABOR AND THE REGIONAL DlRECTOR OF LABOR‚ REGION X‚respondents. MEDIALDEA‚ J.: This is a petition for certiorari seeking the annulment of the Decision of the respondent Secretary of Labor dated September 24‚ 1986‚ affirming with modification the Order of respondent Regional Director of Labor‚ Region X‚ dated August 4‚ 1986‚ awarding salary differentials and emergency cost of living allowances (ECOLAS) to employees of
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cost vs revaluation How does the cost model differ from the revaluation model? In your opinion‚ which of the two models would company managers prefer adopting (i.e. the cost model or the revaluation model) in accounting for property‚ plant and equipment? Discuss. (2.5 marks) To explain how the cost model and revaluation model differ‚ we first have to examine closely what each of these models need. Under the rules of AAS B116 The cost model after an asset has been recognised as an asset
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historical cost accounting still widely and continuously to be used by most companies in their accounting. Conversely‚ reporting current cost in accounting are recommended rather than historical cost as it is the fair value reported in the current year would be beneficial to the firm and the shareholders of the company. 2.0 Historical Cost Accounting and Benefits of Current Cost 2.1 Introduction to Historical Cost‚ Disadvantages and Advantages of Historical Cost The historical cost accounting is
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Using the appropriate diagrams‚ explain why the relative burden (incidence) of an indirect tax on the producers & on the consumer varies depending on the price elasticity of demand for the good/product. Indirect Tax is a tax placed upon the selling price of a product‚ so it raises the firm’s cost and shifts the supply curve left or vertically upwards depending on the amount of tax. Because of this shift‚ less products will be supplied at every price. The diagram below shows the effect of imposing
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