the topic of productivity. Is the United States still productive and/or competitive in manufacturing from a World Class standpoint? The United States is still producing and competing in the manufacturing sector on a global basis‚ but could be performing at a higher level. In 2009‚ the US had the highest increase in manufacturing productivity (due largely‚ I would think‚ to new technology) and also had a decline in unit labor costs. (Wall Street Journal) While U.S. productivity is increasing
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skill set. The concept of human capital recognizes that not all labor is equal and that the quality of employees can be improved by investing in them. The education‚ experience and abilities of an employee have an economic value for employers and for the economy as a whole. (Investopedia) Investors Words defines Human Capital as "the set of skills which an employee acquires on the job‚ through training and experience‚ and which increase that employee ’s value in the marketplace." (Investors words) Human
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EMPLOYERS SHOULD HIRE MORE YOUNG WORKERS IN THEIR COMPANY. The process of recruiting employees into a company is vital as these human resources are viewed to be a strategic investment. The success of companies largely depends on its human resource. Of late‚ higher learning institutions are churning out an unending supply of fresh graduates that add to the competition in the job market. Yet‚ the question arises whether the employer should hire these younger workers or to select from the more senior
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EMPLOYEE RETENTION Report of the Employee Retention Workgroup Sponsored by: NYS Department of Civil Service George C. Sinnott‚ Commissioner NYS Governor’s Office of Employee Relations George H. Madison‚ Director George E. Pataki‚ Governor September 2002 In issuing this report‚ the Department of Civil Service and Governor’s Office of Employee Relations in no way indicate endorsement of the perspectives‚ opinions‚ and recommendations presented. EMPLOYEE RETENTION Report of the Employee
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Industrial and Commercial Training Evaluating effectiveness of a training programme with trainee reaction Piyali Ghosh Jagdamba Prasad Joshi Rachita Satyawadi Udita Mukherjee Rashmi Ranjan Article information: To cite this document: Piyali Ghosh Jagdamba Prasad Joshi Rachita Satyawadi Udita Mukherjee Rashmi Ranjan‚ (2011)‚"Evaluating effectiveness of a training programme with trainee reaction"‚ Industrial and Commercial Training‚ Vol. 43 Iss 4 pp. 247 - 255 Permanent link to this document:
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Improving Employee Productivity As you may already know‚ improving the employee productivity is one of the most important goals in any business. But‚ in spite of this‚ a lot of human resources professionals do not consider this field very relevant. Even though most of the human resources professionals do admit that their job is all about establishing schedules and rules concerning people management‚ only a few of them succeeds in bonding all these connections‚ in order to be able to increase
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Concept and Meaning Of Training The next phase of employment program begins with the arrangement of training needs after the newly appointed employees have entered into the organization. The candidates placed on the job need training to perform their duties and responsibilities effectively and efficiently. The workers must be trained in order to operate machines‚ equipment‚ reduce scraps‚ and avoid accidents. It is not only the shop floor workers who need training but supervisors‚ managers and other
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IMPACT OF THE INFORMAL ECONOMY ON DEVELOPMENT. What is Informal economy? Simply put the informal economy refers to those economic activities that are neither taxed nor monitored by a government and are therefore not included in that government ’s Gross National Product (GNP) However in literature this phenomenon is discussed using different concepts such as informal‚ unofficial‚ irregular‚ parallel second underground‚ underground‚ grey markets‚ subterranean‚ hidden‚ invisible‚ unrecorded
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Strategy‚ competitiveness and productivity Lina Vallejo Florida National College Operations Management March 13‚ 2010 Dr. Harvey J. Weiss Strategy‚ Competitiveness‚ and productivity Strategy Organization strategy has a major impact on operations management depending on the variations for operations and supply chain. Operations strategy can have a major influence on the competitiveness of an organization and when it is properly applies and well executed‚ there are good chances that the
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Human resource planning and management For most businesses‚personnel are the biggest cost and the most valuable asset.This becomes and more and more the case as service-based industries replace traditional manufacturing.Recruiting‚keeping and training the right people is now a major function in large organisations.planning and budgeting will also involve calculating future human resource needs. The human resource plan of the organisation is prepared on the basis of the analysis of its future
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