( Answers to Mini-Case Questions BioCom Inc. This mini-case provides a review of the methodology and rationale associated with the various capital budgeting evaluation methods such as payback period‚ discounted payback period‚ NPV‚ IRR‚ MIRR‚ and PI. 1. Compute the payback period for each project. |Time of Cash Flow |Nano Test Tubes |Microsurgery Kit | |Investment |−$11‚000.00 |−$11‚000.00
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The main purpose of this article is to define the five major challenges in HRM. With the constant employee demands and constant negative consequences for employees‚ there has always been a need to satisfy them and provide them with benefits. HRM or human resource management is what looks into these types of issues and it focus on managing them efficiently and appropriately. The goal of this process addresses the most beneficial way to support employees while achieving results. Due to that
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commitment in the work force. (Price‚ 2000) Strategic HRM is a general approach to the strategic management of human resources in harmony with the intentions of the organisation on the future direction it has decided to take. It is concerned with longer-term people issues and macro concerns about structure‚ quality‚ culture values commitment and matching resources to meet future needs. (CIPD‚ 2008) ‘According to Armstrong(2006‚ pg 115)‚ Strategic HRM is an approach to making decisions on the intentions
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This essay is based on the Premium Oil and Gas Company (POG) case study. POG‚ as a global‚ company is functioning in diversified business environment. It causes in fact‚ a necessity to deal with varied internal and external environmental issues‚ that occur within the company. Internal business environmental issues are in control of the enterprise. External business environmental issues‚ on the other hand‚ are driven by factors‚ that are beyond the control of the company (e.g. legal issues). According
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1. See Appendix A 2. Liquidity ratio. The firm’s liquidity shows a downward trend through time. The current ratio is decreasing because the growth in current liabilities outpaces the growth of current assets. The quick ratio is also declining but not as fast as the current ratio. From 1991 to 1992‚ it only decreased 0.35 units while the current ratio decreased 0.93 units. Looking at the common size balance sheet‚ we also see that the percentage of inventory is growing from 33% to 48% indicating
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Definition of HRM Administrative activities associated with human resources planning‚ recruitment‚ selection‚ orientation‚ training‚ appraisal‚ motivation‚ remuneration‚ etc. HRM aims at developing people through work http://www.businessdictionary.com/definition/human-resource-management-HRM.html Definition of personnel Management The part of management that is concerned with people and their relationships at work . Personnel management is the responsibility of all those who manage people‚ as
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Resource Management Definition • HRM is planning‚ organizing directing and controlling of the procurement ‚ development‚ compensation ‚ integration‚ maintenance‚ and separation of human resources to the end that individual‚ organizational and social objectives are accomplished. Core Elements of HRM : Organizations ----People ------ Management Functions of HRM Managerial Planning Organizing Staffing Directing Controlling Human Resources Management • The HRM process consists of planning‚ attracting
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International HRM International HR management refers to an extension of HR that relates to having people working overseas. HR professionals are going to have to consider how to best provide policies‚ practices and services to a diverse set of employees located in potentially very different locations and operating environments. The differences between IHRM and HRM involve: involves working with an organisational structure that is more complex there are a greater number of more diverse stakeholders
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[pic] A STUDY OF HRM CONCEPTS IN ’THIRUKKURAL Introduction: Thirukkural‚ one of the ancient scriptures in Tamil‚ encompasses wisdom in capsule for all walks of life. It was universally acclaimed as a great piece of literature‚ both by the West as well as the East. Dr. Albert Schweitzewr proclaimed‚ "There hardly exists in the literature of the world‚ a collection of maxims in which we find so much of lofty wisdom". The works contemporary to Thirukkural lack the ideal perception
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Human Resource Management Report of HRD in Bank of Alfalah and Nestle ACKNOWLEDGEMENT Every project big or small is successful largely due to the effort of a number of wonderful people who have always given their valuable advice or lent a helping hand. We sincerely appreciate the inspiration; support and guidance of all those people who have been instrumental in making this project a success. Be praise to “ALLAH” Who is most beneficent and merciful‚ Who rendered us knowledge as
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