INTRODUCTION In this developing country which is predominantly agrarian‚ the role of the industrial sector cannot be underestimated. A potential and diversified industrial sector can ignite and accelerate economic growth. Over the years with the rapid industrialization of India‚ a massive organization sector employing a layer workforce has come to occupy an important and visible part of the countries economic life. The industrial progress of a country layely depends on the efficiency of employee
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First‚ the investment needs of SMEs shortage of funds ‚ banks and other financial institutions are the main source of finance for SMEs ‚ but SMEs to attract financial institution’s investment or borrowing more difficult‚ even if the bank agrees to lend to SMEs ‚ but also because of the high risk and improve lending rates‚ thereby increasing the cost of financing for SMEs ‚ the second is the pursuit of short-term goals ‚ due to its small size ‚ the proportion of loans invested much more than large
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CONTENT Introduction Basic of wage survey‚ Compensation & Benefits Reason behind wage survey Different Factors of Industrial Environment 1. External Environment 2. Internal Environment Compatible market Analysis Method Survey Methodology 1. Primary Data 2. Secondary Data 3. Type of Sampling 4. No. Of Respondents Analysis of the collected Data Conclusion Recommendation & Suggestion Limitation of the study and future scope Introduction Salary Surveys are tools used
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Resource allocation/externalities 19 Section 5: Suggested solutions 23 INTRODUCTION There are basically two types of market situation: (a) Perfect competition – in this market‚ firms have no influence; they are price takers. (b) Imperfect competition – this market includes monopoly‚ oligopoly and monopolistic competition; firms are price makers and can influence the market place. Every firm must obey three rules in order to survive: • To maximise profits‚ firms will produce at that output where
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EVOLUTION OF LABOUR LAWS IN INDIA Labour law also known as employment law is the body of laws‚ administrative rulings‚ and precedents which address the legal rights of‚ and restrictions on‚ working people and their organizations. As such‚ it mediates many aspects of the relationship between trade unions‚ employers and employees. In other words‚ Labour law defines the rights and obligations as workers‚ union members and employers in the workplace. Generally‚ labour law covers: Industrial relations
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those suppliers that exploit children to work. Even if intervention in the child labor market is found to be undesirable‚ does this mean government should sit back and wait for economic growth to solve the child labor problem? Government can intervene in the market to create a variety of incentives‚ such as providing better and more schools‚ giving school meals‚ and improving conditions in the adult labor market‚ which result in a reduction of child labor. In the case of Hershey’s chocolate‚ the local
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Response paper - Discrimination in a Low-Wage Labor Market: A field experiment Devah Pager‚ Bart Bonikowski‚ and Bruce Western conducted a field experiment in the low-wage labor marker revealing the shocking truth about contemporary racism. Black applicants were half likely as equally qualified whites to receive a call back or job offer. Moreover black and Latino applicants with clean backgrounds did no better than white applicants just released from prison. The issue was addressed with
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Price Determination under Monopoly Monopoly is that market form in which a single producer controls the whole supply of a single commodity which has no close substitute. From this definition there are two points that must be noted: (i) Single Producer: There must be only one producer who may be anindividual‚ a partnership firm or a joint stock company.Thus single firmconstitutes the industry.The distinction between firm and industry disappearsunder conditions of monopoly. (ii) No Close Substitute: The
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Division of labour Today Today‚ the world we live in‚ is progressing so rapidly. Be it‚ the increasing number of mega cities‚ the tremendous advances in medicine‚ the huge number of products that we depend on everyday‚ the wonders of internet‚ the satellites and the space ships‚ nothing has been the same with the never-ending human desire for better life. If we wonder how it was all possible? Well‚ the answer that Adam Smith gives is ’Division of Labour ’. Today‚ even simplest form of labour like‚
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emotional labour? Defined by the author Bryman (2004) emotional labour is the state of affairs between employees as part of their working roles and the need to express feelings and emotions as part of their work. The types of emotions can be delivered in a desirable way or undesirable way‚ in other words positive or negative. Why is emotional labour so important? As stated in the article written by Bryman (2004) the importance of promoting emotional labour is because‚ emotional labour is progressively
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