What is Sectoral Planning and Spatial Planning? When planning is done with a vision and mission to develop a particular sector only then the plan becomes a Setoral Plan. In Setoral Planning excessive concentration is given in economic activities of the metropolitan regions. In India it has benefitted the growth and development of Metro regions but failed to develop the rural and backward regions. In India 70% of the people live in rural area. To develop India the plan should be made to develop the
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MY BUSINESS PLANS IN THE FUTURE Everyone hope something in the future. But hoping is not enough anytime. We have to do something if we really want it… I think we have to work for our future. But working also is not enough sometime for reaching our targets. We must be lucky too… if we are synchronously lucky and industrious‚ we do not have any obstacle for our accomplishment. I consider to the future like a chess game. Actually‚ we cannot manage the game completely alone. We have to consider to
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Step 3: Raise pay from $14/hour to $18/hour through Compensation Studies Bill Coleman‚ a salary.com columnist‚ published an article promoting fairness in pay and described what most organizations favor‚ which is a compensation study. Coleman explains how underpay and overpay salaries can determine the value of one’s job by quoting “if you underpay employees‚ they will eventually look for a better offers…if you overpay an employee‚ it will cause payroll budget and profitability to suffer. That’s why
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processes for setting executive compensation? Agency theory‚ tournament theory and social comparison theory are the 3 alternative theories that explain the principles and processes for setting executive compensation. Different individuals and groups participate in setting executive compensation. They include compensation consultants‚ compensation committees‚ and boards of directors; each play a different role in setting executive compensation. Executive compensation consultants usually propose several
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Compensation and benefits Is a sub-discipline of human resources‚ focused on employee compensation and benefits policy-making. The basic components of employee compensation and benefits: Employee compensation and benefits are basically divided into four categories: 1. Guaranteed pay – monetary (cash) reward paid by an employer to an employee based on employee/employer relations. The most common form of guaranteed pay is the basic salary. 2. Variable pay – monetary (cash) reward paid by an
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Abstract Ask five or ten different people for a definition of strategic planning or decision making or even planning and you will probably receive five or ten different answers. Most agree that strategic planning is a way to identify long-term goals and to direct your company toward fulfilling those goals. Most also will agree that decision making is a cognitive activity involving the interplay of environmental cues and human cognitive processes‚ culminating in the selection of one or more possible
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Assignment 5: Employee Compensation and Benefits Strategic Human Resource Management Assignment 5: Employee Compensation and Benefits Black Corporation‚ an innovative new technology corporation‚ has just hired John as the director of their Human Resources Department. As HR Director‚ John has been tasked with hiring an Administrative Assistant/ Secretary for the advertising department and to develop an employee compensation and benefits package that will be used for that position upon hire
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Facilities Planning Study Theme 1a: Introduction Chris van Schoor d p ed o Adapted by G.J Botha Copyright reserved Facilities Planning - Introduction 1 Strategic Importance of Facilities Planning (1) Facilities planning is an integral part of strategic planning - the art and science of employing the resources of the firm f l i th f th fi to achieve its business objectives Cost of Facilities planning is a long term p g g making commitment with a minimum 5 year design changes horizon Facilities
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THE NATURE AND PURPOSE OF PLANNING. PLANNING is a process for accomplishing purpose. * It is a blue print of business growth and a road map of development. * the conscious‚ systematic process of making decisions about goals and activities to be pursued in the future. * It helps in deciding objectives both in quantitative and qualitative terms. * It is setting of goals on the basis of objectives and keeping in view the resources. * It predicts what the future should look like
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Effective planning requires a thorough knowledge of both present conditions and future goals. Because these things are not always entirely knowable‚ and because most situations are constantly changing‚ planning can be a very challenging process. In companies and organizations‚ planning is usually undertaken by groups‚ a fact that increases the complexity of the task. Poor Communication The planning process is complicated when communication within or between groups is poor. Insufficient
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