A Study on the Effects of Staff Turnover in Business Organisation 1. Introduction Organizations invested a lot for their staff in terms of induction and training‚ maintain and retain them in their organizations. These employees are very important because of their value is huge to the organization‚ and not easily replicate (Meaghan et al 2002). Every organization wishes have high productivity‚ reduce errors and is successes. However‚ to provide basic necessities of secure environment‚ good pay and
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1.16 ECONOMIC ENVIRONMENT The economic environment constitutes to economic conditions‚ economic polices‚ and the economic system that is important to external factors of business. The economic conditions of the country include: • Nature of the economy of the country. • The general economic situation in the region‚ conditions in resource markets like money‚ material‚ market raw material components‚ services‚ supply markets and so on which influence the supply of inputs to the organisation‚
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International Trade International trade is exchange of capital‚ goods‚ and services across international borders or territories. In most countries‚ it represents a significant share of gross domestic product (GDP). While international trade has been present throughout much of history‚ its economic‚ social‚ and political importance has been on the rise in recent centuries. Industrialization‚ advanced transportation‚ globalization‚ multinational corporations‚ and outsourcing are all having a major
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challenges that need be managed in view of the high staff turnover within RWB. Being one of the biggest Genting’s subsidiary and entertainment and leisure arms for the group‚ it is prolific to analyse and discuss major area(s) that is geared to possible suggestions and rationale recommendations. The statistics for the period from 2003 to 2005 revealed that at RWB‚ overall staff turnover for non-executives appears to be consistently on the high trend. The staff turnover for these period rose from 22% to 28%
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A.C. 2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities. In doing so you may consider the impact of the fiscal policy (e.g. UK budget) and monetary policy (e.g. setting interest rate‚ currency rate). Both fiscal and monetary policies influence a business organisation in many ways. When an organisation is influenced automatically stakeholders will be affected as well. The Fiscal Policy: The measures that are taken by the government to stabilize the
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and the first recorded in that particular region. The article for discussion titled “In the Race against Time Member States Must Increase Efforts to Stop Ebola Outbreak” illustrates the unpreparedness of the global community‚ inclusive of its international organizations‚ for the Ebola 2014 outbreak. ‘The Ebola outbreak is winning the race against attempts to contain it’‚ ‘Ebola got a head-start on us’ and ‘Time is our biggest enemy’ were some of the sentiments expressed by the head of the UN Mission
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THE DETERMINANTS OF THE NUMBER OF HR STAFF IN ORGANISATIONS: THEORY AND EMPIRICAL EVIDENCE JOS VAN OMMEREN CHRIS BREWSTER Cranfield School of Management Cranfield Bedford MK43 0AL UK E-mail: J.Van_Ommeren@cranfield.ac.uk. Tel: + 44 (0) 1234-751122; Fax: + 44 (0) 1234 751276. April 1999 ABSTRACT The current paper develops a range of hypotheses about the determinants of the human resources staff ratios in organisations and tests them using empirical survey data from European organisations
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INTRODUCTION NGO Resource Centre (A Project of Aga Khan Foundation) The NGO Resource Centre (NGORC) is a project of Aga Khan Foundation (AKF) aims to implement the AKF NGO Enhancement strategy. The Aga Khan Foundation is a non-denominational‚ international development agency established in1967 by His Highness Prince Karim Aga Khan. NGORC is a non-funding support organization that aims to create an enabling environment for NGOs to function effectively. It builds the capacity of NGOs and Community
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INTRODUCTION International business is a term used to collectively describe all commercial transactions that take place between two or more nations. It refers to all those business activities which involves cross border transactions of goods‚ services‚ resources between two or more nations. It can be either the buying (importing) or selling (exporting) of goods or services on a global basis. In the achievement of the strategic objectives of a self-reliant and dynamic economy‚ the government considers
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The Role of Technology in the Theory of International Trade "Technology" refers to the way in which resources are converted into commodities. This is such a basic feature of an economic model‚ whether of a closed or open economy‚ that any discussion of the "role" of technology in the theory of trade must be
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