Multidisciplinary Research Vol.2 Issue 6‚ June 2012‚ ISSN 2231 5780 PERFORMANCE APPRAISAL AS EMPLOYEE MOTIVATION MECHANISM IN SELECTED FINANCIAL INSTITUTIONS IN KUMASI‚ ASHANTI REGION OF GHANA DR. KOFI OSEI AKUOKO* *Vincent de Paul Kanwetuu‚ Department of Sociology and Social Work‚ Faculty of Social Sciences‚ College of Art and Social Work‚ Kwame Nkrumah University of Science and Technology‚ Kumasi‚ Ghana. ABSTRACT Performance appraisal system (PAS) has been viewed by academics and human resource
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Performance Measurement in a Modern Business Environment________________________________________ In the past‚ performance measures were primarily based on financial measures (Bruns‚ 1998) where the double entry accounting systems was used to avoid disputes and settle trades between traders (Johnson‚ 1983). As businesses began to grow‚ their nature and structure also began to change‚ reducing the control and the close relationship that existed between the owners and management. Consequently‚ the
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What is financial reporting? The traditional function of financial reporting was to provide business owners with information about the companies that they owned and operated. Once the delegation of managerial responsibilities to hired personnel became a common practice‚ financial reporting began to focus on stewardship—that is‚ on the managers’ accountability to the owners. Its purpose then was to document how effectively the owners’ assets were managed‚ in terms of both capital preservation and
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1. EXECUTIVE SUMMARY J Sainsbury plc is a UK based company‚ into grocery‚ related retailing an financial services business. The study is primarily to do financial assessment of this company and its performance relative to its peers and industry. Seeing the last 5 years report‚ it is evident that company was in a bad share 3 years ago‚ and now its in the stage of recovery. Starting 2004‚ there has been a major change in the board‚ as well as management. Since then company has taken several large
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Phase III: Performance and Management A. Policy For Recognizing Employee Contributions The purpose of this report is to use the compensation system we previously developed in Phases I and II to pay people‚ develop plans that reward performance‚ add benefits into the mix‚ and evaluate these results. First we will look at performance-based-pay as a policy for recognizing employee contributions. Performance-based-pay is a pay plan that varies with some measure of individual or organizational performance
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..... DOTSE LINFORD KWABLA 10BMR069 ...................... MAVIS TUOBEWERE GYEREH 10BMR070 ....................... THE EFFECT OF E-MARKETING AS A PROMOTIONAL CAMPAIGN ON THE FINANCIAL PERFORMANCE OF MOBILE TELECOMMUNICATION NETWORK IN GHANA 1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY Mobile telecommunication network‚ the leading telecommunications company in the emerging markets of Africa and the Middle
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Financial Accounting vs Management Accounting Management accounting is a field of accounting that analyzes and provides cost information to the internal management for the purposes of planning‚ controlling and decision making. Management accounting refers to accounting information developed for managers within an organization. CIMA (Chartered Institute of Management Accountants) defines Management accounting as “Management Accounting is the process of identification‚ measurement‚ accumulation
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Running head: PAY FOR PERFORMANCE Pay For Performance Tais Dominguez 08 June 2014 HRMD 640 Turnitin: 30% The purpose of this paper is to prove that higher compensation yields higher performance and profitability. It’s important to begin this paper by stating that compensation is a very significant human resources tool that is used by organizations around the globe to manage their employees. For an organization to receive its money’s worth‚ and motivate
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Chap 12 Pay for Performance and Financial Incentives Motivation‚ Performance‚ and Pay Incentives Financial rewards paid to workers whose production exceeds a predetermined standard. Individual Differences Law of individual differences The fact that people differ in personality‚ abilities‚ values‚ and needs. Different people react to different incentives in different ways. Managers should be aware of employee needs and fine-tune the incentives offered to meets their needs. Money
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Importance of Accountability Paper Michelle Payden-Wright HCS/475 March 2‚ 2015 Dr. Lawrence Fergus The Importance of Accountability Paper Accountability is important in the health care industry; it holds an individual accountable day in and day out for his and her own tasks. Holding a person accountable for their actions can also assist in creating accountability for the department‚ unit‚ organization‚ and industry level of the organization. Accountability is considered to be a performance management
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