Module 2: Preparation of Books of Accounts Double Entry System • Double entry system was introduced to the business world by an Italian merchant named Lucas Pacioli in 1494 A.D. According to J.R.Batliboi “Every business transaction has a two-fold effect and that it affects two accounts in opposite directions and if a complete record were to be made of each such transaction‚ it would be necessary to debit one account and credit another account. It is this recording of the two fold effect of every
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Human Resource policies and not Technology as a measure for successful Knowledge Management Literature Survey Knowledge as an asset is gaining more and more recognition as we progress towards a more competitive and open market. Firms want to capture the knowledge that the workers have‚ to save costs‚ propel growth and fertilize cross learning. Mckinsey Consultants Susanne Hauschild‚ Thomas Licht‚ and Wolfram Stein‚ (Mckinsey Quarterly‚ Number1 2001)‚ compared fifteen financially successful
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Project: Document Retention Policy Premier College : Litigation Hold Notice Date Issued : May 5‚ 2015 Responsible Official: President Responsible Office: Legal Counsel/Chief Information Officer Policy Statement The College has a legal obligation to preserve evidence and records‚ including electronic documents that are relevant to a pending or potential claim or action‚ such as a government audit‚ administrative proceeding‚ or lawsuit. Upon notice of pending litigation or anticipated‚ the College
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CONCEPT DEFINITION: Employee Retention involves taking measures to encourage employees to remain in the organization for the maximum period of time. Employee retention is a systematic effort by employers to create & foster an environment that encourages current employees to remain employed by having policies &practices in place that address their diverse needs. Retention is the process for members or volunteers remain active with the organization. Retention is not a particularly formal process
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Plastics Sector........................................................................... 9 IV. Workforce Characteristics................................................................................................ 11 V. Best Practices in Retention: a Review of the Literature................................................... 12 1. Compensation and Benefits.......................................................................................... 18 2. Recognition and Rewards...........
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Monsoon Monsoon is traditionally defined as a seasonal reversing wind accompanied by corresponding changes in precipitation but is now used to describe seasonal changes in atmospheric circulation and precipitation associated with the asymmetric heating of land and sea. Usually‚ the term monsoon is used to refer to the rainy phase of a seasonally-changing pattern‚ although technically there is also a dry phase. The major monsoon systems of the world consist of the West African and Asia-Australian
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Retention Management Recruitment‚ Selection and Placement ABSTRACT This research paper covers the retention management process‚ as it pertains to business. The two types of turnovers‚ involuntary and voluntary‚ will be explained‚ along with the cost and consequences of each. Also covered are reasons why employees are discharged. Details of why companies downsize will be reviewed. Statistical information is noted throughout the paper. Finally‚ it will reflect on what happens
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Employee Retention Definition of Retention According to Phillips and Connell (2003)‚ Retention is the percentage of employees remaining in the organization. Based on Carsen (2002)‚ Retention simply refers to how many of your current employees stick around over a given period of time. Definition of Compensation According to Mondy and Noe (2005)‚ Compensation is defined as a specific amount of rewards that are provided to employees in return for their services. According to Dessler and Tan (2009)
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Grade retention‚ better known as "staying back"‚ "being held back" or "repeating"‚ has been the topic of much debate within the educational system. The controversy which surrounds this long-standing issue has been reinforced by such topics as the recent endorsement of academic standards. Research indicates that "the rate of retention has increased by approximately 40% in the last 20 years with as many as 15% of all American students held back each year and 30-50% held back at least once before
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Hank Adamson was a chief executive officer of RightNow!‚ a retail chain specializing in women’s discount clothing. His management team‚ which includes Charlie Herald‚ VP of human resources and Harriet Duval‚ the chief financial officer confronted with the managerial dilemmas from the aftermath of leaked compensation information of 165 employees via internal email at the company headquarters building. As a result‚ employees are upset over their compensations when they compare their salary to work
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