Synopsis of the project Title: Benchmarking of non monetary benefits at Haier vis-à-vis other consumer durable companies Introduction :- Purpose/objective of the project: The purpose of the project is to do a benchmarking study so as to compare and contrast non-monetary benefits offered/provided by Haier as compared to to that provided by the industry. Target companies will include:Whirlpool‚Samsung‚Videocon‚LG‚Sony‚Godrej‚Voltas‚Onida.(The list is for illustrative purposes and may vary from
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MEMORANDUM TO: Harry Chapman (CEO‚ Vandelay Industries) FROM: Dave Wildman (Enviromental Business Inc.) DATE: November 17‚ 2006 SUBJECT: Green Building Benefits INTRODUCTION There is a problem with the buildings created today because they are not environmentally-friendly. The solution to this problem is green buildings. Green building is the term used to describe the selection of environmentally-friendly building materials‚ as well as an environmentally-conscious building design. There
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incidental benefits that accompany economic activities and affect people for whom the market does not compensate. These benefits‚ in the long run‚ include preparing children for school and ultimately for the workforce. Society will prosper from these better educated individuals. The under-provision of daycares by the private market causes market failure – when free markets fail to deliver an optimal allocation of resources (represented by P*× Q* in Figure 1). The marginal social benefit (MSB) exceeds
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human resources A compensation philosophy is simply a formal statement documenting the company’s position about employee compensation. It explains the “why” behind employee pay and should be based on a framework for consistency. Employers can benefit from being transparent about their compensation philosophy and their official pay strategy. However‚ in unionized companies‚ the transparency is dictated by contract specifications for employees covered under collective bargaining. In publicly traded
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Toyota Compensation and Benefits Trends in Human Resources Management Teresa Hall U8a1 Instructor: John Devellier Toyota Motor Corporation has never faced an issue with their employee compensation and benefits packages. Part of their philosophy has been people are their greatest asset and they treat them as such by paying them a good salary and empowering their employees. How can they attract top
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The Benefits of Green Tea Do you know the benefits of green tea? Certainly‚ the answer is “yes”. Nowadays green tea is very popular not only in Thailand but also around the world because it has variety of taste‚ for example‚ lemon honey‚ Japanese rice and original tastes. Moreover‚ it also has a lot of health benefits‚ for example‚ it controls the weight naturally‚ resist the oxidation‚ and it helps in body detoxification. The first benefit of green tea is it helps to control body weight naturally
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Family Friendly Benefits “Family friendly” has become a prominent concept in most capitalist societies. The term can be widely used to describe numerous occurrences but most often it is used to describe specific policies that are seen for facilitating a better work and family balance for employees. Family friendly can even be further extended to apply to individual workplaces or enterprises that offer a special abundance of family friendly practices‚ policies and employment benefits. Family friendly
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governed. It is the technique by which companies are directed and managed. It means carrying the business as per the stakeholders’ desires. It is actually conducted by the board of Directors and the concerned committees for the company’s stakeholder’s benefit. It is all about balancing individual and societal goals‚ as well as‚ economic and social goals. Corporate Governance is the interaction between various participants (shareholders‚ board of directors‚ and company’s management) in shaping corporation’s
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Benefits of workplace diversity. Modern organization must aim to embrace workplace diversity in every facet of the organization‚ if correctly implemented into the operations of a business‚ there will be benefits across all aspects of the organization. Increased adaptability Organizations employing a diverse workforce can supply a greater variety of solutions to problems in service‚ sourcing‚ and allocation of resources. Employees from diverse backgrounds bring individual talents and experiences
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Are You Getting the Best Benefit From Your Employee Benefits? Are your employee benefits giving you the payback you deserve in increased employee appreciation and satisfaction? Chances are‚ your employee benefits are not. On average‚ organizations spend 41 cents for employee benefits for every dollar of payroll. That’s 29% of the total employee compensation package. Research reported in the journal‚ Personnel Psychology‚ suggests that employees only understand and appreciate between 31 and 68% of
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