EMPLOYEE LOYALTY Methlife’s 10th annual survey of employee benefits‚ trends and attitudes‚ released in March‚ puts employee loyatlty at a 7-year low. The survey shows one in three employees plan to leave their job by the end of the year. According to a report conducted in 2011 by Careerbıilder.com‚ 76% of fulltime worker would leave their job if the right opportunity comes along‚ even tough they havent been actively seeking for a job. Other studies Show that each year the average company lose
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worth living for worker. Organizations provide welfare facilities to their employees to keep their motivation levels high. The employee welfare schemes can be classified into two categories viz. statutory and non-statutory welfare schemes. The statutory schemes are those schemes that are compulsory to provide by an organization as compliance to the laws governing employee health and safety. These include provisions provided in industrial acts like Factories Act 1948‚ Dock Workers Act (safety‚ health
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Employee Selection and Training Paper Industrial/organization psychology is a configuration of work and methods to advance the productivity in people in his or her workplace. I/O psychology also helps organizations and employers to find potential employees. There are multiple tests used to select and train employees. These tests are used to recognize skills‚ abilities‚ and knowledge potential employees contain. There are also different methods used to determine the rank of success of training
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considered as an important factor which is used in improving employee performance thus helping any business or organization to achieve its long term objectives. Leaders can use their positions to motivate employees through incentives and recognition. Consequently‚ performance of the employees can also be awarded through cash incentives as it improves the morale for employees to increase their capabilities. The long term impact of employee motivation is increase of performance which is evident in productivity
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Chapter I INTRODUCTION 1. MEANING OF WAGE/ COMPENSATION PAYMENT: Wage is a monetary payment made by the employer to his employee for the work done or services rendered. It is a monetary compensation for the services rendered [1]. A worker may be paid Rs. 100 per day or Rs. 4500 per month. This is wage payment. The worker gives his services and takes payment called wage payment. Industrial workers are paid remuneration for their services in terms of money called wage payment. Wages
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I like one of one blog posts named “Employee Engagement: Energizing and Mobilizing People” written by Dr. George H. Labovitz and Victor Rosansky from the Google Reader Bundle you recommended. It was posted on http://www.greatleadershipbydan.com. In today’s world of uncertainty where economy is in turmoil‚ companies need to make necessary adjustments to their business models and quickly needs to realign their strategies considering the pace of technological‚ competitive‚ and social changes. To make
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University of Phoenix Material Employee Portfolio: Motivation Action Plan Determine the motivational strategy or strategies that would likely be most appropriate for each of your three employees on basis of their individual characteristics. Indicate how you would leverage their employee evaluations to motivate each of the three employees. Describe one or more of the motivational theories and explain how the theories connect to each of your selected motivational strategies. Team Member Name
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The Employee Relationship The nature of the company I am choosing is a quick service restaurant. Cognitive ability tests assess abilities involved in thinking such as reasoning‚ memory‚ perception‚ mathematical ability‚ and problem solving. These types of tests estimate applicants’ potential to use mental processes to solve work-related problems. Some of the tests add up the correct answers of all the questions to get an overall score that will represent their general mental ability. Other tests
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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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energy and brilliant communicational skills to the job‚ I may be your ideal employee. Not only am I proficient at communicating and bringing vivacity with me wherever I go‚ but I also possess qualities such as trustworthiness‚ dedication‚ and creativity as well. Not only do I bring these values to the job‚ but I also take them wherever I go. I believe that because of these skills that I have‚ I would make the perfect employee. Trustworthiness is an asset that is difficult to come by in the world
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