Economic Notes In a market economy ‚ actions by consumers‚ through their spending and buying‚ sends powerful messages to business firms about the types and the quantity of goods and services they should be producing. In a mixed market economy business firms reduce the power of consumer sovereignty by 1. Marketing and advertising 2. Misleading information 3. Designing products to wear out or out date quickly 4. Entering into secret agreements and to compete with each other Spend or save
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Labor Cost Cutting Strategy In a sluggish economy‚ it is more important than ever for businesses to cut costs. Knowing how to reduce the cost of paying employees without reducing product quality‚ dropping employee morale or otherwise sacrificing the way you do business can be the difference between being in the red or the black at the end of the year. Stop the Overtime * Don’t pay overtime unless it is absolutely necessary. Remember that you must pay non-exempt employees 1 1/2 times their
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International Labour Conference‚ 95th Session‚ 2006 Report V(1) The employment relationship Fifth item on the agenda International Labour Office Geneva ISBN 92-2-116611-2 ISSN 0074-6681 First published 2005 The designations employed in ILO publications‚ which are in conformity with United Nations practice‚ and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the International Labour Office concerning the legal status
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Section A 1. BATNA (Best Alternative To a Negotiated Agreement) is a term developed by Roger Fisher and William Ury of the Harvard Negotiation Project. In the absence of a deal‚ it is the preferred course of action you should take. It ’s a hefty concept that can make your negotiations more successful‚ especially when the other side is more powerful and/or has a stronger bargaining position. You negotiate to obtain something from another party that is more valuable than what you get by not negotiating
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is difficult in a global economy characterized by cut throat competition‚ increasing cost‚ expanding power of labour‚ rapid technological changes‚ growing customer expectations etc. Human resources are wealth of an organization which can help in achieving its goals. The problem of employees satisfaction is regarded as a very significant factor in workers morale‚ absenteeism and labour turnover. The amount of co-operation that management may deceive from the employees would depend greatly on the
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The Functions of the Labour Relations Commission in Ireland. · To provide a conciliation service. Conciliation is a procedure by which parties in dispute can meet to sort out their difficulties with the help of a third party · To offer guidance on codes of practice but only after consultation with union and employer organisations such as ICTU and IBEC. The codes of practice are not enforceable‚ but they can be taken into account by an equality officer or a rights commissioner in deciding
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USEFUL TIPS ON LABOUR LAWS Composed by P.B.S. KUMAR B.Sc‚ M.A.(PM)‚M.A.(Ind.Eco.)‚MBA(HR)‚BGL‚LLD‚PGDIRPM APPRENTICES ACT‚ 1961 CHECKLIST Object of the Act Promotion of new manpower at skills. Improvement/refinement of old skills through theoretical and practical training in number of trades and occupation Applicability of the Act Areas and industries as notified by the Central Government Sec. 1 Apprenticeship Advisor Central Apprenticeship Advisor – when appointed by Central
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Durkheim’s Division of Labour in Society Author(s): J. A. Barnes Source: Man‚ New Series‚ Vol. 1‚ No. 2 (Jun.‚ 1966)‚ pp. 158-175 Published by: Royal Anthropological Institute of Great Britain and Ireland Stable URL: http://www.jstor.org/stable/2796343 . Accessed: 06/05/2013 07:42 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that helps scholars
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When looking back on the “Child is a Criminal or Criminal is a Child” assignment‚ I believe that my views have not changed from the views I possessed early on in this course. The views I had were actually solidified throughout this course in learning more about the juvenile justice system. I favored the “criminal is a child” model of approaching juvenile crime in the original essay and the key point noted was that juveniles are a product of their environment and should not be punished on a standardized
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Background Of Foreign Labour in Singapore Since the day Singapore gained independence‚ the growth of the economy had been advancing tremendous over the past four decades. The influx of foreign labour has been playing an important role towards the Singapore economy. Even up to today‚ Singapore‚ itself with scarce resources‚ could only rely on human resource to sustain the economy growth. With a tightening labour market and a low unemployment rate‚ this gradual increase in foreign labour had been making
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