Birla Institute of Technology & Science‚ Pilani Work-Integrated Learning Programmes Division Second Semester 2011–2012 Course Handout Course No : ET ZC342 Course Title : Materials Management Instructor : Vinayak Kalluri Course Description Integrated materials management‚ policy aspects‚ purchasing management‚ warehousing and storage of inventory control systems‚ appraisal and control‚ just in time (JIT)‚ automation in materials management. Scope and Objective
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SUMMARY ON STRATEGIC REWARD MANAGEMENT – SYMBOLISM AND REWARDS There are numerous examples of organizations that‚ wary of the ways in which extrinsic rewards can focus employee attention to the exclusion of other considerations. Similarly‚ how‚ and for what‚ peoples are rewarded within the organization sends strong symbolic messages. Organizations‚ which recognize this‚ can use the reward system to signal strategic or cultural changes. One distinctive element of the teamwork philosophy was the
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GUIDELINES EMPLOYEE REWARD & RECOGNITION POLICY Introduction: Benefits of an Employee Recognition Program 1. Increased customer loyalty and retention; lower turnover. Employees who feel appreciated and respected will be more productive and motivated‚ and are likely to remain longer with the company. 2. Higher employee productivity overall. 3. Increased retention of mid to high performers. 4. Overall increased employee morale. Employees often go above and beyond what is expected of them
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Relative Rewards within Team-Based Compensation BERND IRLENBUSCH and GABRIELE K. RUCHALA December 2006 Abstract How to design compensation schemes to motivate team members appears to be one of the most challenging problems in the economic analysis of labour provision. We shed light on this issue by experimentally investigating team-based compensations with and without bonuses awarded to the highest contributors in teams. A purely team-based compensation scheme induces agents to voluntarily cooperate
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REWARD VS. RECOGNITION Although these terms are often used interchangeably‚ reward and recognition systems should be considered separately. Employee reward systems refer to programs set up by a company to reward performance and motivate employees on individual and/or group levels. They are normally considered separate from salary but may be monetary in nature or otherwise have a cost to the company. While previously considered the domain of large companies‚ small businesses have also begun employing
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An effective employee reward system for a human services organization should contain items that are acceptable by both the employer and employees. Reward systems are made for both the employee and employer because happy employees make a productive work environment which makes the employer happy. An effective system will have item that are worth going for‚ which makes the employee more motivated‚ to do his best work. The employees are almost guaranteed to work more effectively with the right incentives
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ARMSTRONG ’S HANDBOOK OF REWARD MANAGEMENT PRACTICE Improving performance through reward 3RD EDITION Michael Armstrong KoganPage LONDON PHILADELPHIA NEW DELHI Contents Introduction 1 Parti Essentials of Reward Management 3 An Overview of Reward Management 5 1. Introduction 6; Reward management denned 6; Characteristics of reward management 7; The reward management framework 9; Aims of reward management 9; Achieving the aims in general 11; Achieving
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Effective Reward Management “Effective reward management is critical to organizational performance.” Effective reward management‚ as a system‚ is the most powerful tool available to reinforce organizational values and translate them into employee actions (read behavior). Here‚ the ‘organization’ does not only refer to a business structure‚ but any institution (or activity) that involves people working together‚ and requires their voluntary contributions in order to operate successfully
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Contents Reward Management 4 Objectives of Reward System 5 Alternative to Reward Management 6 Types of Rewards 6 Criteria of Reward Management 7 Relating Rewards to Performance 9 Job Satisfaction and Rewards 10 Rewards and HRM Cycle 10 Reward Management System in Coca Cola International 11 Reward Management System 11 Findings 12 Criteria of rewarding employees 13 How Coca Cola International Motivate Employees 14 Pay system of Coca Cola International 15 Types of Rewards of Coca
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Department of Business Administration The Use of Management Control Systems in the Hospitality Industry Supervisor: Per-Magnus Andersson Authors: Richard G. Sicari Fredrik J. Söderlund i Abstract Title: Seminar Date: Course: Authors: Advisor: Key Words: The Use of Management Control Systems in the Hospitality Industry 2011-06-01 BUSP02: Master Thesis in Accounting and Management Control Richard G. Sicari and Fredrik J. Söderlund Per-Magnus Andersson Hospitality Industry‚ Management Control Systems
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