approach to employee benefits and compensation‚ employee records and personnel policies. Usually small businesses (for-profit or nonprofit) have to carry out these activities themselves because they can’t yet afford part- or full-time help. However‚ they should always ensure that employees have -- and are aware of -- personnel policies which conform to current regulations. These policies are often in the form of employee manuals‚ which all employees have. Employee Retention Effective employee retention
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manager and crew tenure are relative to site-location factors in determining store-level financial performance. Recommend the most convenient alternative to increase employee retention: a.- Increasing wages b.- Bonus program c.- Training programs d.- Career development programs Financial impact of employee tenure The correlations of manager tenure (+0.44) and crew tenure (+0.26) with profits show that there is a clear positive financial effect of increasing tenure. Though
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Motivation Approach Schultz’s leadership style revolves around gaining the trust‚ admiration and motivation to other people who in turn repay in working harder. Schultz also understands people’s needs and in accordance to the Maslow’s hierarchy‚ Schultz satisfies 3rd‚ 4th and 5th band with his transformational leadership style. Motivation is a vital factor for business in the process of making their production. Labours are not working machine‚ so that they can not always do the same affairs with
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Case Study: Employee Motivation and Retention Strategies Prologue: The case examines the employee motivation and retention strategies of the US based XYZ Corp. Corporation (XYZ Corp.). Since its inception‚ XYZ Corp. was appreciated for its employee-friendly HR practices. However‚ during the late 1990s‚ as the company was growing rapidly in size‚ it lost the popular elements of its work culture. Moreover‚ several racial discrimination lawsuits and antitrust proceedings affected the company’s corporate
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Employee Motivation A question often asked by first-line supervisors and managers is “How do we motivate our employees?” Effectively motivating employees to achieve a desired outcome is one of the most important functions as a supervisor or manager. There is evidence to show organizations are facing challenges retaining employees due to limited opportunities for advancement and the current competitive labor market. It does not appear things will get any better in the future. The loss of employees
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and motivated employees play a crucial role in overall growth and success of the organization. Retention of key employees is critical to the long term health and success of any organization. Focusing on employee retention techniques can positively impact the organization as it increases employee productivity‚ performance‚ quality of work‚ profits‚ and reduce turnover and absenteeism. Employee retention is a process in which the employees are encouraged to remain with the organization for the maximum
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Chapter 1 Introduction 1.1 INTRODUCTION In these changing times both the employee & employer are under tremendous pressure to perform. There is fierce competition not only in the industry but also across categories. This new liberalized cutting edge technology driven environment has made employee retention mind-boggling. The fast pacing change across the globe has made the new employee & employer relationship irreversible. However all corporations not only in IT sector but also traditional
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questions‚ significant of the study as well as the scope of the study and its limitations. 1. BACKGROUND INFORMATION There is an ongoing problem about leadership styles and its impact on various aspects of employee performance and their work-related health. It has been suggested that leadership factors had an influence on the employee performance‚ although relationship between leaders and subordinates has gradually been more focused; but it is still scientifically unclear as to what extent
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EMPLOYEE RETENTION STRATEGIES: Abstract: Every organization invests time and money to groom a new joinee‚ train his employee’s & make ready material competent with the existing employees. All organizations aim to serve the needs of the people. All organizations are not only run by employees‚ but also it is the employees in it at various levels who bring success to the organization in these modern times. Hence retention of the employees within the system is necessary. The organization
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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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