the labor market. Table of Contents Introduction Study of labor economics involves the study of labor force as an element of production. Labor force mainly comprises all those who work for gain. These can be employees‚ employers‚ or those people who are self-employed. It may also include the unemployed who are seeking work. Labor economics therefore‚ studies the factors affecting efficiency of these workers‚ their deployment between different industries and determination
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EMPLOYEE RETENTION Report of the Employee Retention Workgroup Sponsored by: NYS Department of Civil Service George C. Sinnott‚ Commissioner NYS Governor’s Office of Employee Relations George H. Madison‚ Director George E. Pataki‚ Governor September 2002 In issuing this report‚ the Department of Civil Service and Governor’s Office of Employee Relations in no way indicate endorsement of the perspectives‚ opinions‚ and recommendations presented. EMPLOYEE RETENTION Report of the Employee
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THE IMPORTANCE OF PAY IN EMPLOYEE MOTIVATION: DISCREPANCIES BETWEEN WHAT PEOPLE SAY AND WHAT THEY DO Sara L. Rynes‚ Barry Gerhart‚ and Kathleen A. Minette A majority of human resources professionals appear to believe that employees are likely to overreport the importance of pay in employee surveys. However‚ research suggests the opposite is actually true. We review evidence showing the discrepancies between what people say and do with respect to pay. We then discuss why pay is likely to be
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LITERATURE REVIEW Job Satisfaction and Turnover Intention This study was conducted to measure the level of job satisfaction and its impact on turnover intention. Job Satisfaction Survey (JSS) questionnaire containing nine facets of job satisfaction and a questionnaire containing three items for measuring job satisfaction and turnover intention respectively were used for data collection from private sector. Job satisfaction is defined as a person’s evaluation of his or Her job and work context
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Receivables Turnover Ratio interpretation Receivables Turnover Ratio is one of the efficiency ratios and measures the number of times receivables are collected‚ on average‚ during the fiscal year. Receivables Turnover Ratio formula is: Receivables Turnover Ratio formula Receivables turnover ratio measures company’s efficiency in collecting its sales on credit and collection policies. This ratio takes in consideration ONLY the credit sales. If the cash sales are included‚ the ratio will be
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Child labour is the practice of having children engage in economic activity‚ on part or full-time basis. The practice deprives children of their childhood‚ and is harmful to their physical and mental development. Poverty‚ lack of good schools and growth of informal economy are considered as the important causes of child labour in India. The 2001 national census of India estimated the total number of child labour‚ aged 5–14‚ to be at 12.6 million. The child labour problem is not unique to India;
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is Child Labour? 2 Why include children in the workforce? 3 1) Poverty: 3 2) Population Explosion: 4 3) Lack of Primary Education for children 5 4) Parental Illiteracy 6 5) Social Apathy 6 6) Family practice to inculcate traditional skills in children 7 7) Urbanization and Unemployment 7 8) Industrial Revolution: 8 9) Ineffective Child Labour laws implementation: 8 Prevalence of child labour in India or elsewhere 9 Pros and Cons of Child Labour 9
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programme (internal and external) Training and development plan • Skills needing to be developed within the organisation • Number of recruited trainees required or internal trainees to be developed • Programmes for transferring or retraining employees to meet skill shortages‚avoid teh need for redundancies or aid flexibility Succession plan • Programmes for identification and development of promotable individuals • Plans to develope replacements for key management posts Productivity plan •
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Chapter 16: Labour Relations Labour union: an officially recognized association of employees practicing a similar trade or employed in the same company or industry who have joined together to present a united front and collective voice in dealing with management. -the purpose of unionization are to influence HR policies and practices that affect bargaining unit members such as pay and benefits. Labour- management relations: the ongoing interactions between labour unions and management in organizations
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A3. How can employees position themselves vis-à-vis the expectations of HR managers? Employees can position themselves in a way that results in a situation where both employees and a company can benefit from each. It will also help the employees to gain better recognition in the company and also create more chances to be head hunted by external recruiters for critical positions in the industry. Firstly‚ the most important task for any company is to imbibe its core values and principles in each employee
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