innovations in employee benefits can improve the overall competitive compensation strategy of the organization. A competitive organization understands the need for a skilled and loyal workforce. In order to attract and retain top talent‚ many organizations offer innovative and creative employee benefit packages. It enhances an attractive salary and creates a niche for the employer. An organization that is aware of the dynamics of its workforce will be in step with the innovations in employee benefits
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Employee Engagement (5EEG) Engagement: The Institute for Employment Studies (IES) definition: ‘A positive attitude held by the employee towards the organisation and its values. An engaged employee is aware of business context‚ and works with colleagues to improve performance within the job for the benefit of the organisation. The organisation must work to develop and nurture engagement‚ which requires a two-way relationship between the employer and employee.’ 1. This report is to the
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Compensation Administration 6. Management-labor relations & movement 1. Worker Orientation It is a procedure for providing new employees with basic background information about the firm. It refers to the assistance given to the newly hired employee in adjusting to the new work environment Importance: there is hardly any graduate from any school or any experienced worker who is fully equipped with the specific knowledge and skills needed for his new job. Hence‚ the need for orientation. It
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COMPENSATION‚ BENEFITS AND WORKING CONDITIONS One of the most difficult functions of personnel management is that which concerns compensating the employees fairly and equitably. OVERVIEW OF THE COMPENSATION SYSTEM The American Regime * Act No. 102 Act Regulating the Salaries of Officers and Employees in the Philippine Civil Service The Commonwealth Regime * Commonwealth Act No. 402 An Act to Provide for the Classification of Positions and Standardization of Salaries in the Government
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Compensation Package 1. Establishing a pay range a) Job: Income Support Worker b) Job Class: The job class for the income support worker is: Community Worker or Social Services Worker (NOC 4212) c) Rate Range: The industries rate range for the job class is as follows for Edmonton‚ Alberta: Low wage per hour: $14.00 Average wage per hour: $18.40 High wage per hour: $ 37.69 According to the latest figures for Canada the highest average wages are earned in Windsor‚ Ontario at $22.04
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Study A Fringe Benefit is a form of pay that employees pay employees by providing the employee to enjoy certain privileges. Providing a company car for the employee to use is a commonly used fringe benefit that is made available for management and field work workers. Also‚ the company can decide to offer cheaper prices for its employees by availing the services and products to the employees. This allows the employee to access the products of the company at a price that is slightly lower than the market
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Applied H.R.M. Research‚ 2003‚ Volume 8‚ Number 2‚ pages 63-72 Organizational Application Managing Employee Retention as a Strategy for Increasing Organizational Competitiveness Sunil Ramlall‚ Ph.D. University of St. Thomas Research indicates that the total cost of employee turnover is about 150% of an employee’s salary. Because of this high cost of turnover‚ the organization that is the focus of this article sought to understand their employee’s turnover intentions and the reasons for the potential
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IMPACT: International Journal of Research in Business Management (IMPACT: IJRBM) ISSN(E): 2321-886X; ISSN(P): 2347-4572 Vol. 2‚ Issue 5‚ May 2014‚ 1-10 © Impact Journals LEADERSHIP STYLES AND EMPLOYEE MOTIVATION: AN EMPIRICAL INVESTIGATION IN A LEADING OIL COMPANY IN INDIA R. GOPAL1 & RIMA GHOSE CHOWDHURY2 1 Director and Head‚ Department of Business Management‚ Padmashree Dr D.Y.Patil University‚ New Mumbai‚ Maharashtra India 2 Head of HR‚ Researcher‚ India for Quinnox Consultancy Services‚ Department
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International Journal of Modern Engineering Research (IJMER) www.ijmer.com Vol.3‚ Issue.1‚ Jan-Feb. 2013 pp-523-529 ISSN: 2249-6645 A research work on Employee Satisfaction measurement with special reference to KRIBHCO‚ Surat Ekta Sinha Asst. Professor‚ Uka Tarsadia University‚ Gujarat Abstract: This research work has been done to measure the satisfaction level of employees with special reference to KRIBHCO‚ Surat. Today to sustain in such a competitive market its very important to retain
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RESOURCES MARKETING ORGANIZATION & CULTU TION & CULTURE MANAGING TECHNOLOGY FINANCE & ACCOUNTING MARKETING STRATEGY & COMPETITION M Honing & ACCOUNTING MARKETING MARKETING ORGANIZATION & CULTURE MANAGING TECHNOLOGY FINANC FINANCEYour Competitive Edge Employee Motivation A Powerful New Model by Nitin Nohria‚ Boris Groysberg‚ and Linda-Eling Lee 78 Harvard Business Review G | GETTING PEOPLE TO DO THEIR BEST WORK‚ even in trying cir- cumstances‚ is one of managers’ most enduring and slippery
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