MEANING OF EXECUTIVE COMPENSATION Executive Compensation is defined as a financial compensation received by an executive of a firm. It typically includes elements like salary‚ bonuses‚ shares‚ stocks benefits etc. In simpler words it is a legal agreement between two consenting adult parties. It is an important aspect of Corporate Governance and is determined by the board of directors. In spite of being voluntary agreement these compensation benefits are condemned of being unjust and non transparent
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What is organizational structure An organizational structure consists of activities such as task allocation‚ coordination and supervision‚ which are directed towards the achievement of organizational aims. It can also be considered as the viewing glass or perspective through which individuals see their organization and its environment. Organizations are a variant of clustered entities. An organization can be structured in many different ways‚ depending on their objectives. The structure of an
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Ethical Issues in Organizational Behavior It is obvious that ethical issues play a major part in any organization when it comes to outlining good behavior from bad behavior. As Kinicki & Kreitner‚ (2009‚ pg. 52) has stated “There are a variety of individual and organizational factors that contribute to unethical behavior. Organizational Behavior is an excellent vantage point for better understanding and improving workplace ethics. If OB can provide insights about managing human work behavior
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Organizational Behavior – field of study that investigates the impacts of individuals‚ groups‚ and structure of behavior within organizations. Its aim is to apply such knowledge toward improving organizational awareness * Frequently applied to: absenteeism‚ turnover‚ productivity‚ motivation‚ job satisfaction‚ working in groups * Often applied by manager to manage organizations more effectively * Not just for managers and employees‚ also for entrepreneurs and self-employed individuals
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Organizational Behavior - a systematic study of a person’s behavior. Several issues of interest to organizational behavior researchers: Motivation‚ Emotions‚ Personality and Communication. (Self Assessment Library? IV.G.1) Interpersonal Skills: A. Importance of Interpersonal Skills in the Workplace. Previously‚ Business School focused on technical aspects of management‚ inc: econ‚ accounting‚ finance‚ etc. Human Behavior and People skills was barely covered. Last 30 years though
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under what is organizational behavior‚ then we would be able to understand its relevance to practicing managers in any organization. We shall first define what organizational behaviour is. As define by (Robbins and Judge‚ it is a field of study which investigates the impact that individuals‚ groups and structure have on behaviour within organizations‚ for the purpose of applying such knowledge toward improving organizations effectiveness. In other words OB is concerned with the study of what people
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1. What is Organizational Behavior? Study of the impact individuals‚ groups‚ and structure has on behavior within an organization. This is studied by managers to improve an organizations work environment to find methods to increase the bottom line. Basically it is a study of the way people act within an organization when exposed to different elements such as leadership styles‚ behaviors of others‚ and incentives. 2. Maslow theory hierarchy of needs? Physiological- Basic needs or body needs; food
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Ethical Issues in Organizational Behavior Ethical decisions play a very important role in an organization. Ethics is the concept of good and bad behavior. Ethical behavior is governed by state‚ federal‚ and local laws. It is important for an organization to promote good moral choices and do everything in its power to prevent unethical behavior from taking place in the workplace. This can be achieved through continuous training and reinforcement of the desired behavior. Unethical behavior in the
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What Is An Organizational Structure? An organizational structure defines the reporting relationships in a company - in other words‚ who works for who. Companies choose an organizational structure based on many factors‚ including their size‚ their geographic dispersion‚ and the number of different products and services they offer. What Is A Functional Organizational Structure? In a functional organizational structure ‚ an organization’s reporting relationships are grouped based on specialty‚ or functional
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Top Executive Compensation Packages In the job market‚ while employees select their employers‚ employers also select their employees. One of the most important elements that employers might take into consideration is salary. Executive salary could be classified into two groups: the short-term salary and the long-term salary. Short-term salary mainly includes wage‚ insurance‚ welfare and bonuses. Stock incentive is one of the modern long-term salary types and the incentive system is used to solve
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