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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purpose of this project is to identify motivation and its impact on employee performance level‚ in addition to illustrate the motivation strategies that organizations can adopt to improve the performance level. In order to illustrate the concept of motivation and performance we chose one of the most well known companies in the fast food industry which is MacDonald. We will analyze MacDonald’s employee motivation strategies‚ and how the organization can adopt those strategies to improve performance levels
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Federal Reserve Bank of St. Louis. Lowell J. Taylor is an associate professor at the Heinz School of Public Policy and Management‚ Carnegie Mellon University. Eran Segev and Joshua D. Feldman provided research assistance. Economic Models of Employee Motivation Joseph A. Ritter Lowell J. Taylor use the terms “wage” and “compensation” interchangeably throughout the article) high enough to deter undesirable behavior by making a job too good to lose are said to pay efficiency wages. It is fairly easy
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exporting and importing than in any other type of business transaction. Many of the international business experts argue that exporting is a logical process with a natural structure‚ which can be viewed primarily as a method of understanding the target country’s environment‚ using the appropriate marketing mix‚ developing a marketing plan based upon the use of the mix‚ implementing a plan through a strategy and finally‚ using a control method to ensure the strategy is adhered to. This exporting process
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the level of motivation among its employees to whom its success can be accredited to‚ without a doubt. Motivation is must for the employees‚ because it converts ability to work into will to work or in other words contributes to high level of performance. Presence of effective motivational policies in the company leads to job satisfaction and consequent benefits of higher commitment and loyalty. Keeping in mind the growing attrition rates and the employee dissatisfaction
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International Journal of Business Trends and Technology- volume2Issue4- 2012 Impact of Employee Motivation on Performance (Productivity) In Private Organization 1Nupur Chaudhary‚ 2Dr. Bharti Sharma‚ 1Research Scholar‚ Suresh Gyan Vihar University‚ Jaipur‚ 2Associate Professor‚ St. Wilfred. College‚ Jaipur‚ Abstract - Doing Business all over the world is very challenging. Corporate performance and revenue growth are challenge by Internal and external operating environment factors. To survive
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Introduction to Procter & Gamble Procter & Gamble (P&G) is a multinational corporation that provides consumer products in the areas of pharmaceuticals‚ cleaning supplies‚ personal care‚ and pet supplies. The global consumer goods company was started by William Procter‚ an English candle maker & James Gamble‚ an Irish soap maker in 1837‚ and has been well established since then‚ ranking fifth place of the "World’s Most Admired Companies” by Fortune Magazine . P&G constantly strives to provide branded products
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Factors Affecting Employee Motivation—What Management Needs To Know Abstract Employee motivation plays a critical role in employee performance and productivity. There are many factors that can affect this motivation‚ both positively and negatively. The purpose of this paper is to explain in detail the underlined factors that affect motivation and to through research provide evidence that will support my belief in how more effective employees are if they have the right motivation to perform. Also
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There are various ways to use employee training. There are some that might be better than other ones‚ depending on what line of work it is. The company can choose the method that they want to do it in. A good thing for management to do is to look at the various training methods and determine which ones will be used. For some jobs‚ a different type of employee training is needed. Everyone will not have the same kind of training because of the different jobs that they perform. Hands on training
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existing employee without giving financial benefits? OBJECTIVES To be able to know if implementing a competency-based planning program is a good strategy to boost up the morale and increase motivation of the employees. To know what other alternative benefits can be given to employees‚ aside from monetary benefits. SWOT ANALYSIS Strength: Has loyal customers Has a facility that attracts potential customers and members. Weaknesses: High turnover rate Low morale and motivation The company
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