Preview

Receivables Management

Powerful Essays
Open Document
Open Document
5991 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Receivables Management
CHAPTER-I
1.1 Job satisfaction
Job satisfaction describes how happy an individual is with his or her job. The happier people are within their job, the more satisfied they are said to be. Logic would dictate that the most satisfied (“happy”) workers should be the best performers and vice versa. This is called the "happy worker" hypothesis. However; this hypothesis is not well supported, as job satisfaction is not the same as motivation or aptitude, although they may be clearly linked. A primary influence on job satisfaction is the application of design, which aims to enhance job satisfaction and performance using methods such as job rotation, job enlargement, job enrichment and job re-engineering. Other influences on satisfaction include management styles and culture, employee involvement, empowerment, and autonomous work position. Job satisfaction is a very important attribute and is frequently measured by organizations. The most common technique for measurement is the use of rating scales where employees report their thoughts and reactions to their jobs. Questions can relate to rates of pay, work responsibilities, variety of tasks, promotional opportunities, the work itself, and co-workers. Some examinations present yes-or-no questions while others ask to rate satisfaction using a 1-to-5 scale, where 1 represents "not at all satisfied" and 5 represents "extremely satisfied."
Definition
Job satisfaction can simply be defined as 10the feelings people have about their jobs. It has been specifically defined as a pleasurable (or unpleasurable) emotional state resulting from the appraisal of one’s job, an affective reaction to one’s job, and an attitude towards one’s job. These definitions suggest that job satisfaction takes into account feelings, beliefs, and behaviors. History One of the biggest preludes to the study of job satisfaction was the Hawthorne studies. These studies (1924–1933), primarily credited to Elton Mayo of the Harvard Business School,

You May Also Find These Documents Helpful

  • Good Essays

    Busn311 Unit 1

    • 537 Words
    • 3 Pages

    Cranny, Smith & Stone, 1992 cited in Weiss, H. M. (2002). Deconstructing job satisfaction: separating evaluations, beliefs and affective experiences. Human Resource Management Review, 12, 173-194, p.174…

    • 537 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    According to Jex and Britt (2008), job satisfaction is a heavily studied topic in organizational psychology. Job satisfaction is explained as an employee’s evaluation of doing a job favorable or unfavorable. It can be expressed as an employee’s attitude toward doing a daily job. The area of job satisfaction consists of how an employee’s behaviors, feelings, and thoughts are relevant to what is being done at work daily (p. 132).…

    • 1511 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    MGT301 FINal draft

    • 5747 Words
    • 22 Pages

    5. Balzer, W. K. & Gillespie, J. Z. (2007). Job satisfaction. In Rogelberg, S. G. (Ed.). Encyclopedia of industrial and organizational psychology Vol. 1 (pp. 406-413).…

    • 5747 Words
    • 22 Pages
    Powerful Essays
  • Powerful Essays

    MGT300 exam 3 note

    • 3137 Words
    • 13 Pages

    job satisfaction - the extent to which you feel positive or negative about various aspects of your work.…

    • 3137 Words
    • 13 Pages
    Powerful Essays
  • Better Essays

    Job satisfaction is the way a person feels about his or her job (Jex & Britt, 2008). Job satisfaction is also the attitude a person possesses towards his or her job. A person may feel like his or her job is demanding, interesting, rewarding, or outright stressful, and demeaning. A person who is happy with his or her job demonstrates a positive attitude about the job. Several factors play a key role in how a person feels about his or her job such as emotional intelligence of management, work conditions, pay, promotions, compensation, advancement opportunities, benefits, communication, and recognition.…

    • 1510 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Job satisfaction is a positive feeling about a job resulting from an evaluation of its characteristics. A review of 16 studies suggested that satisfaction was likely the cause of better performance, which demonstrated the statement that “happy worker are productive workers”. Therefore it is essential to take strategies for improving the levels of job satisfaction for…

    • 534 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The domain of job satisfaction has been throroughly researched in past literature. It was labelled as one of the 6 dimensions of Perhaps the most widely known job characteristic scales are developedby Turner and Lawrence (1965), later reviewed by Hackman and…

    • 904 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Till few years back, Tata Steel had a very strict policy of selling against advance payments. That was an era of controlled economy. However, with an increasing domestic and international competition, Tata Steel could no longer afford this policy, in order to maintain its premium position. Further in order to capture a greater amount of market share, it was compelled to go by the industry norms and thus it ushered into the new era of credit sales. This resulted in credit sales going up significantly. A credit limit was sanctioned to every customer. The customers were required to pay the outstanding amount on the due date.…

    • 3656 Words
    • 19 Pages
    Powerful Essays
  • Powerful Essays

    Chapter-V Accounts Receivable Management • Introduction • Goals of Receivable Management • Credit Management • Optimum Credit Policy • Credit of Account Receivable 155 Introduction Accounts receivable represent the amount due form customers (book debts) or debtors as a result of selling goods on credit. “The term debtors is defined as ‘debt’ owned to the firm by customers arising from sale of goods or services in the ordinary course of business.” The three characteristics of receivables the element of risk, economic value and futurity explain the basis and the need for efficient management of receivables. The element of risk should be carefully analyzed. Cash sales are totally riskless but not the credit sales, as the same has yet to be received.…

    • 5846 Words
    • 24 Pages
    Powerful Essays
  • Powerful Essays

    Cranny, C. J. Smith, P .C. and Stone, E. F. (1992). Job satisfaction: How people feel about their jobs and how it affects their performance. New York: Lexington Books.…

    • 15971 Words
    • 64 Pages
    Powerful Essays
  • Powerful Essays

    Receivables Management

    • 18050 Words
    • 73 Pages

    The project deals in “Account Receivable Management with reference to the study of Colorlines Clothing India Pvt. Ltd”. Receivable management is one of the most important aspects of the organization, as it deals with the management of the outstanding. The profit of the company mainly depends on the accounts receivables. Therefore it needs a careful analysis and proper management.…

    • 18050 Words
    • 73 Pages
    Powerful Essays
  • Good Essays

    Trade credit arises when a firm sells its products or services as credit and does not received cash immediately. It is an essential marketing tool, acting as a bridge for the movement of goods through production and distribution stages to customers. A firm grants trade credit to protect its sales from the competitors and to attract the potential customers to buy its products at favourable terms. Trade credit creates accounts receivable or trade debtors that the firm is expected to collect in the near future. The customers from whom receivable or book debt have to be collected in the future are called trade debtors or simply as debtors and represent the firms claim or asset. A credit sale has three characteristics: First, it involves an element of risk that should be carefully analysed. Cash sales are totally riskless, but not the credit sales as the cash payment are yet to be received. Second, it is based on economic value to the buyer, the economic value in goods or services passes immediately at the time of sale, while the seller expects an equivalent value to be received later on. Third, it implies futurity. The buyer will make the cash payment for goods or services received buy him in a future period.…

    • 393 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Receivables Management

    • 9171 Words
    • 37 Pages

    Bibliography: 11.1 BIBLIOGRAPHY 1. I.M.Pandey "FINANCIAL MANAGEMENT", 8th Edition, Vikas Publishing House Pvt. Ltd. 2. Satish Inamdar "FINANCIAL MANAGEMENT", November 2003, Symbiosis Center for Distance Learning. 3. Kothari CR., "RESEARCH METHODOLOGY METHODS AND…

    • 9171 Words
    • 37 Pages
    Powerful Essays
  • Good Essays

    Job satisfaction represents the constellations of person’s attitude towards or about the job. In general, job satisfaction is the attitude towards the job as a whole. Job satisfaction is a function of satisfaction with different aspects of job, i.e. supervision, pay, works itself, co-workers, promotion, etc., and of the particular weighting or importance one attaches to these respective components.…

    • 343 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Hoppock (1935, p. 47) defined job satisfaction as “any combination of psychological, physiological, and environmental circumstances that causes a person truthfully to say, ‘I am satisfied with my job’. Many scholars have measured the level of job satisfaction. . Locke (1969, 1976) defined job satisfaction as "a pleasurable or positive emotional state resulting from the appraisal of one 's job or job experiences". Graham (1982, p. 68) defined Job satisfaction as "the measurement of one 's total feelings and attitudes towards one 's job". Job satisfaction is the…

    • 7489 Words
    • 30 Pages
    Powerful Essays

Related Topics