Personnel Management &Industrial Relations BENEFITS TO EMPLOYEES MASTER OF PERSONNEL MANAGEMENT & INDUSTRIAL RELATIONS BANARAS HINDU UNIVERSITY SUBMITTED BY:- NIKITA JAISWAL ROLL NO. 31 DECLARATION I Nikita JAISWAL hereby declare that this training report entitled “BENEFITS TO EMPLOYEES” in BANARAS BEADS LTD submitted in partial fulfillment of the requirement of course curriculum
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TOPIC: COMPENSATION STRATEGIES FOR RETAINING EMPLOYEES Employee Retention refers to the efforts by which employers attempt to retain employees in their workforce. Background Key employee relation is critical to long-term health and success of the business. Managers readily agree that retaining employees ensures customer satisfaction‚ product sales‚ satisfied co-works and reporting staff‚ effective succession planning and deeply imbedded organizational knowledge and learning. Employee retention
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think I misinterpreted the message because the message clearly states that somebody is offering her a new job and she’s unhappy. Without directly confronting her‚ I would a conduct some "talk" with my employees so I would know what the problem is. Make some survey or arrange a meeting with my employees and ask them if they have problems with their jobs and what can I do or what should be done to fix or arrange the problem. In that way‚not only can I know Aubrey’s problem but I’ll also know my other
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the three most important things for starting up a business?” “Learning is the ultimate competitive advantage” His reply? Jack Welch‚ Former Chairman‚ GE “People …People‚ …People” 5 6 1 Why is knowledge a strategic resource? continued Recall discussions in Topic 2: Capabilities are based on the development‚ transmission and exchange or sharing of information and knowledge as carried out by the firm’s employees The knowledge-strategy link What firm
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Treat employees fairly There are concrete reasons managers should treat employees fairly. Arbitrators and the courts will consider the fairness of the employer’s disciplinary procedures when reviewing disciplinary decisions. Fairness also relates to wide range of positive employee outcomes. These include enhanced employee commitment and enhanced satisfaction with the organization‚ job‚ and the leader and more’ organizational citizenship behaviors’ ( the steps employees take to support their employers’
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Boomerang Employees: Bring ‘Em Back G.MURALI MANOHARI FACULTY‚ NEHRU INSTITUTE OF ENGINEERING & TECHNOLGY‚ COIMBATORE B.SUDHA VENKATALAKSHMI FACULTY‚ NEHRU INSTITUTE OF MANAGEMENT STUDIES‚ COIMBATORE “Great Things are coming back” Employee turnover is one of the biggest expenses for organizations. Losing and replacing employees can cost one times the salary and benefits of the departing employee. One method of combating high turnover costs is to focus on bringing back boomerang employees also
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younger employees in the same way that we manage employees‚ which are in the company for several years. In an article from the Harvard Business Review‚ Michael Fertik has told us some good ways to teach and motivate employees in their twenties. The first step could be to give responsibility to young employees through a specific mission immediately. In that way the employee will to make decision‚ and if he does not know how to do it‚ he will figure out a way. Most of the time‚ young employees can be
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Employees with entrepreneurial skills In the recent rapidly changing landscape of neo-economy‚ secondary to globalization‚ advancement in technologies‚ e-commerce and global financial crunch‚ companies have to adapt and continuously innovate in order to survive and grow (Danneels 2002). Successful companies not only satisfy their consumers but also their other major stakeholders - the employees. It is vital to understand that a happy and satisfied workforce who is aligned with the
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from a fall off of the same barge. This company is well known for being a dangerous place to work‚ but according to conversations I had with some of his co-workers‚ employees were threatened with the loss of their jobs if they complained. Any job carries inherent risk for injury‚ even if you sit in an office all day. Without their employees‚ product would not be designed‚ fabricated or sold. A good Manager knows he has an ethical if not moral obligation to satisfy the needs of his customer‚ but what
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CIA-1 Organisational Behaviour Impact of Motivation on employees Motivation is the word derived from the word ‘motive’ which means needs‚ desires‚ wants or drives within the persons. It is the process of inspiring people to actions to achieve the goals The sole reason for me in order to choose this topic is that in today’s world doing Business all over the world is a very challenging aspect. The performance that is given or delivered by the corporate is highly influenced by the Internal and
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