Chapter 1 Introducing the Pay Model and Pay Strategy 1. How do differing perspectives affect our views of compensation? There are four perspectives in terms of views of compensation: Society’s view * Pay as a measure of justice * Benefits as a reflection of justice in society * Job losses (or gains) attributed to differences in compensation * Belief that pay increases lead to price increases Stockholder’s view * Using stock to pay employees creates a sense of ownership
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STAFFING This is identifying‚ selecting‚ training and the retention of qualified workers within an organization. This duty is primarily for the first line Supervisor/Manager. People are a company’s most valued asset; therefore‚ the company is to be concerned about the employee from the minute he steps into the firm until he reaches his full potential in his career. EMERGING WORKFORCE Workers with new goals and objectives are coming into the business scene who is more concerned about career
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with rules and regulation can vary from state to state‚ and sometimes city to city. After conducting a throe research for applicable laws in the area‚ in which you’re planning to expand your business‚ there are several things that must be in place. In order to open/start your business in Arizona this things are a must have and HR should see to this immediately. Must Have Employee handbook‚ Employment agreement‚ Drug Testing Policy‚ Confidentiality Agreement‚ Required Posters‚ Documentation Retention
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Weeks 6 & 7 – Zambia Trade Tour Assignment Worksheet The exchange rate of a country measures the external value of the currency. To a country such as Zambia the market for foreign exchange is very important. Its own currency‚ the kwacha is not a hard currency and thus not universally accepted in payment of debt. Zambia relies on generating foreign currency from selling exports to enable it to finance imports. The macroeconomic situation such as the balance of payments position‚ employment and
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Strategic Human Resource Management Individual assignment. 1. Using appropriate literature and models underpinning SHRM‚ critically evaluate how management could reduce strikes and improve service levels with reference to an airline carrier of your choice. Due to the recent publicity of strike action and lack of good employee relations i have chosen British Airways as my airline carrier. When evaluating the current situation it is often important to assess the history of the company‚ this
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You should initiate disciplinary proceedings against the workman following the Standing Orders of your establishment and the provisions of Industrial Disputes Act. You have to comply with each and every point of law and principles of natural justice before an employee is terminated or dismissed on the ground of misconduct. It is advisable to issue a show cause notice to start with and get a reply for that. If the reply is found unsatisfactory then proceed with a domestic enquiry and issue the charge
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ANALYSIS OF THE REPORT 1. Current ratio The company in all the years will be able to meet its obligation‚ especially in 2013 2. Quick ratio Company is using its inventory efficiently during the year and meeting its long term expenses 3. Cash ratio Company has sufficient amount of cash to meet its requirements 4. Inventory turnover ratio The company in year 2013 is converting its inventory into valuable product and selling it more efficiently 5. Inventory Holding Period In year 2013
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Human Relations Theory: The foci of human relations theory is on motivation‚ group motivation and leadership. At the centre of these foci are assumptions about relationship between employer and employee. they were academic‚ social scientists their emphasis was on human behaviour within organisations they stated that people’s needs are decisive factors in achieving an organisation’s effectiveness they were descriptive and attempted to be predictive of behaviour in organisations A ’motive’
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TEACHING NOTE AIR DECCAN: REVOLUTIONISING THE INDIAN SKIES DVR Seshadri and Jane Henry∗ CASE FACTS Civil Aviation in India‚ since its inception‚ has been a mode of transport mainly for the elite‚ and it implies that it is within the means of affordability of less than 1% of the population only. The launch of Air Deccan in the last two years has changed this paradigm forever. The singular driving force behind this audacious venture is Captain Gopinath. Over the years‚ there have been many low-cost
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Unilever case‚ HR studies Question 1: For changing working time‚ considerations being taken into account in Unilever case were: ➢ Economic: • Minimization the labour cost; for example; in1991‚ with the annualized hours contracts based on payment for a 37.5 hour week‚ Unilever could call upon banked hours to cover absence‚ holidays‚ training‚ meetings‚ rectification work or extra production‚ so they don’t need make an extra payment for an extra works‚ and it help them to reduce
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