Cost Control and Cost Reduction A business enterprise must survive‚ grow‚ and prosper. Cost Control and Cost Reduction are activities necessary for ensuring that these objectives are fulfilled. With the liberalization of the Indian Economy and Globalization‚ there is now a cut throat competition from various concerns of the world. As a result there is now a race to secure a place for survival. This has increased the importance of cost control and Cost Reduction. Cost Control “Cost control
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project I am going to look at importance of training and development in organizations. Firstly‚ different company attitudes to training and development and cost and benefits associated with it are going to be discussed. Secondly‚ the stages in training and development process are going to be identified with a specific focus on different training and development methods and consideration of its advantages and disadvantages. Finally‚ the literature on training and development use as a motivation and retention
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products. Chuck questioned if the current cost-management system was providing the management with accurate data about product costs. In a traditional‚ volume-based product-costing system‚ only a single predetermine overhead rate is used. All manufacturing-overhead costs are combined into one cost pool‚ a grouping of individual indirect cost items‚ and they are applied to products on the basis of a single variable that costs over a given time span (cost driver) that is closely related to production
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Performance Management: Selection‚ Training‚ Development A strong and effective performance management system “enables a business to sustain profitability and performance by linking the employees’ pay to competency and contribution. It provides opportunities for concerted personal development and career growth. It brings all the employees under a single strategic umbrella. Most importantly‚ it gives supervisors and subordinates an equal opportunity to express themselves under structured conditions”
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Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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projectreporton.com/MBA/MBA-Project/employees-training-and-development-hr-project-report-mba/training-and-development-of-employees-and-training-need-for-employees.html Project Report - Training and Development of Employees Objectives of the Project Report Training and Development of Employees Finding is the main objective of this project report and some of the sub-objective in this report. They are : * To know the effectiveness of the training programme conducted by the company. * To
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A SUMMER TRAINING REPORT ON EMPLOYEE TRAINING AND DEVELOPMENT AT [pic] IN THE PARTISAL FULLFILLMENT OF REQUIRMENT FOR THE AWARD OF DEGREE IN M.B.A. SUBMITTED TO SUBMITTED BY VARUN KADIAN (2815) (HR Department) MBA Department (10TH JUNE-31ST JULY 2008) AFFILIATED TO AFFILIATED TO A PROJECT REPORT ON EMPLOYEE
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Training and Development In today’s global scenario‚ just to do business is not enough. What is needed today is proactive style of management rather than reactive style. So‚ comes the concept of Competency based training and development in almost every type of organizations. To have this shift‚ the managers‚ the employees and the management together has to work to build a competent employee. Need for competence based Training: In order to use the best out of the employees in the organization‚
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Evaluation of Training: Meaning and Types Khan Sarfaraz Ali[1] Training evaluation( is the objective assessment of the past to facilitate better forecasting and controlling of the future. In the context of training it is used to determine the effectiveness of a training program. Training evaluation means “any attempt to obtain information (feedback) on the effects of a training program and to assess the value of the training in the light of that information” [Hamblin]. Training evaluation is a
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EFFECTIVENESS OF TRAINING AND DEVELOPMENT PROGRAME IN RAMIND COLD FORGE PVT. LTD INTRODUCTION TRAINING AND DEVELOPMENT Training is the formal and systematic modification of behaviors through learning which occurs as a results of education‚ instruction‚ development and planed experience Development is any learning activity‚ which is directed towards future ‚needs rather than present needs and which is concerned more with career growth than immediate performance. NATURE OF TRAINING AND DEVELOPMENT
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