Employee Benefits Increasingly‚ employees are being allowed to choose benefit packages from a menu of items. For instance‚ workers may be given a package of benefits that includes basic and optional items. Basics might include modest medical coverage‚ life insurance equal to a year’s salary‚ vacation time based on length of service‚ and some retirement pay. But then employees can use credits to choose among such additional benefits as full medical coverage‚ dental and eye care‚ more vacation
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and economic development. According to Frederic Engels‚ “ labour is the source of all wealth it is next to nature ‚ which supplies with the materials that it converts in to wealth but it is even definitely more than this”. 1.2 EMPLOYEE WELFARE Employee welfare work aims at providing such service facilities and amenities to the workers employed in factories and industries healthy‚ congenial surroundings conductive to good health and high moral. The aim or objectives of welfare activities
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EMPLOYEE ATTRITION ‘An Analysis of Factors Influencing Attrition in the growing Economies’ INTRODUCTION In the recent decades the Indian industry has changed its outlook. The employment scene has changed its appearance. The factors like skill sets‚ job satisfaction drive the employment and not just the money. The employer hence faces the heat of continuous employee turnover. Continuous efforts are made by organisations to control the employee turnover rate as it directly affects the performance
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Vicki Hinton 03/21/2011 The Administration Process SEC/370 Michael Scott University of Phoenix Operating Budgets Paper Budgets are systematic plans that organizations use to manage objectives and goals. They are important documents that bring out important aspects of the organization and provide information to direct that organizations activities (Johnson‚ 2005). They are basic planning tools that help managers make decisions within the organization. Budgets vary in different organizations
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human resource management theory related to the satisfaction and motivation of employees in the orgainzation. It also includes definition and concept of motivation‚ importance of motivation‚ motivation theories and satisfaction and importance of employee satisfaction as a literature review. 2.1 Definition and concept of motivation Many researchers have developed the concept of motivation based on the existing knowledge. Motivation is a psychological feature that arouses an organism to act towards
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Employee Motivation Presented To; GROUP OF EAGLES NASIR KHAN AAMIR RAZA SADIA GULL MADEEHA ZUBAIR AAMIR SAIF-ULLAH M.B.A (Regular) Sec Pr. Kashif Ammar University of Sargodha A 1 University of Sargodha Definition of Motivation According to Edwin B Flippo‚ ―Motivation is the process of attempting to influence others to do their work through the possibility of gain or reward. The definition of motivation is to give reason‚ incentive‚ enthusiasm‚ or interest that causes a specific
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This is a dissertation abstract on Employee Motivation: Why study motivation? To state it simple you need to know motivation to be a better leader to accomplish your business goals. Employees are like sheep you need to lead them to accomplish the mission. It is much easier to lead a group of individuals when they have a vested interest to accomplish it. You create that interest through motivation. The key to a successful organization in many ways is motivation. It is one of the most difficult tasks
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Overview of Employee Turnover Research The impact of turnover has received considerable attention by senior management‚ human resources professionals‚ and industrial psychologists. It has proven to be one of the most costly and seemingly intractable human resource challenges confronting organizations. This paper provides a summary of information‚ abstracted from published research‚ on the costs of turnover‚ factors contributing to its magnitude in organizations‚ and proposed remedies. Costs of
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which are in the national interest. One of the main factors for conflict within the organisation is the lack of communication and Unitarists see this as dysfunctional and counterproductive. The Unitarists believe that conflict is not inherent in employee relations as it does not make good sense for the organisation. They see conflict as an opposite to what they stand for because it is not structural and not organised‚ they see it as frictional as it can cause rifts and
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as a means of achieving corporate aims has led to growth‚ success‚ and creativity of the company. A key description of IKEA’s HR style of management is that a strategy for HRM is included largely in its corporate strategy. IKEA’s business strategy has evolved over a number of years through the development of creative and innovative designs at affordable costs. In 1955‚ IKEA created a bridge between itself and its competitors through the introduction of furniture that could be dismantled
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