retain employees: a high turnover rate is costly in both direct and indirect costs. By Shehan‚ Tom Publication: Detroiter Date: Saturday‚ January 1 2005 You are viewing page 1 Many owners of businesses with high employee turnover find themselves running in place instead of growing their companies. As the economy improves‚ more employers are facing this issue because employees are shopping around their resumes in hopes of landing better positions. In fact‚ 83 percent of employees surveyed
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A company has the ability to enter into a contract‚ can sue and be sued in its own name‚ has the right to own land or property‚ and also enjoy perpetual succession. As a company‚ they have the ability to enter into a contract which meant they can make contract with its own shareholders within the company. Any contract made between company and its members are not illegal due to the principle of separate legal entity. As what we have seen in the case of Saloman v Saloman‚the company can borrow money
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Companies and Business Ethics National American University Abstract Business ethics play a major role in the business world today. Since their development they have become a major influence on anything business related. The importance of business ethics was chosen to give more of an in-depth look at not only basic benefits that business ethics bring about‚ but some not so known benefits that come about as well. Business ethics bring about a great moral to the corporation and its culture
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AIG was a very successful company and made billions of dollars on new investment instruments‚ which were so unique that didn’t even fall under any of the securities regulations. For two decades AIG was riding this wave of huge revenues‚ which did not require much in return. The earth under AIG started crashing down‚ once mortgage bubble burst happened. Significant decline in the mortgage prices caused AIG to lose over 62 billion of dollars at the very early stage of the financial crisis. The only
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Companies should spend money on improving the work skills of their employees as it is to be seen from the leading top businesses that this will result in high success. Firstly‚ the more investment is made in improving a certain aspect‚ better results follow. By spending money on improving the skills‚ it will allow more productive workers making the production rate efficient which all leads to increasing profit. The word “skill” is quite broad since it could be any kind of skill and it will all
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REWARDING EMPLOYEES The processes of motivating employees is one of the most important functions of management. One of the biggest challenges faced by managers is getting employees to do what they are supposed to do (Lane & Rierdan‚ 2001). For some people‚ the rewards that employees receive from the organization are motivation enough for them to work their hardest. However‚ no two people are the same and what serves as motivation for one employee‚ could possibly be perceived by another employee as punishment
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Nepotism Is hiring your nephew good for your company? What are the hidden costs and benefits? What policies should public companies follow? By Ron Prokosch The word “nepotism” in the business community originally referred to the hiring of relatives of the owner of the business. Today‚ this word has been extended to refer to the existence of employees within any organization that are related to each other either by blood or marriage. Is nepotism a cost or a benefit for an organization?
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Female CEO Biography Virginia (Ginni) Rometty‚ IBM CEO Abstract IBM recently promoted Virginia (Ginni) Rometty to its top leadership position. Ms. Rometty will become the first white female chief executive officer in the company’s 100-year history and every move she makes will be carefully watched. Rometty has truly earned this position and has an impressive history with IBM to show it. There are challenges ahead but Ms Rometty’s education‚ experience and determination will suit
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A REPORT ON STRESS LEVEL OF EMPLOYEES AT ASHOK LEYLAND INTRODUCTION Modern lifestyle is full of stress. You have not only to cope with challenges at work but also with stress that you take along with you to work. The problem is that in these difficult times when economy is bad‚ stress at home and workplace are on the rise. Due to changing technology‚ new demands‚ demographic changes‚ increased competition and increase in workload psychological problems related to occupational stress have
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Company Fact Sheet Navcours is a defense company capable of developing and manufacturing Location and Timing Technology specializing in Global Navigation Satellite Systems(GNSS) and Inertial Navigation Systems(INS). Navcours has acquired the defense division of ‘Hanyang Navicom Co.‚ Ltd.(since 1996)’ specializing in PNT(Position / Navigation / Timing) Solutions in February 2013. Our management comprising of national defense specialists take pride in giving priority to homeland security.
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