FACTORS INFLUENCING PLANT LOCATION Introduction: Units concerning both manufacturing as well as assembling of the products are on a very large scale affected by decisions involving the location of the plant. Location of the plant itself becomes a very important factor concerning service facilities‚ as the plant location decisions are strategic and long-term in nature. Plant location decisions need detailed analysis: Wrong plant location generally affects cost parameters i.e. poor location can act
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Foundations of a Compensations Strategy Compensation Strategies are used by organizations to determine how rewards should be given out to employees. Since compensation is a good way to motivate employees to that are not performing well to do better and the ones that are working hard to work even harder‚ having a good strategy in place will help an employer to decide what is a fair reward to give to each employer. A compensation strategy must have a link between three things in order to be effective
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CLAIMS AND COMPENSATION ADMINISTRATION UNDER THE EMPLOYEE COMPENSATION SCHEME – an overview This is an overview on Claims and Compensation according to the Employee Compensation Act. It briefly states the processes‚ procedures and purpose of administering claims effectively and the road to compensation. INTRODUCTION With the enactment of the Employee Compensation Act 2010‚ the prospects for the Nigerian Worker to be adequately compensated should there be injury at work became very glaring
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Workers compensation is the one of the required benefits that have to be offered from employers to their employees. According to (Milkovich‚ Newman‚ & Gerhart (2014)‚ workers compensation costs employers on average around 58.3 billion dollars a year and it is considered as a major cost of doing business. Workers compensation is a type of no-fault insurance that covers injuries and illnesses that happen while one is at their place of employment. Some of the benefits that are given are for medical
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its economic model received a partial rebuke from the courts. On Aug. 8‚ 2014‚ a federal judge ruled that the NCAA’s rule prohibiting student-athletes from being compensated for the use of their names‚ images and likenesses violated federal antitrust laws (Johnson). A former basketball star at UCLA‚ Ed O’Bannon and several other current and former student-athletes brought the case up in 2009. Specifically‚ the athletes challenged the NCAA’s rule that prevents Division I men’s basketball and football
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Many of the highest ranked universities‚ reasonably‚ are using English language to teach in most relevant courses. It is an important reason of increasing the international students in overseas language centres. Foreigners are joining these centres to gain valuable language skills‚ and also verifying of experience‚ however‚ a few negative impacts on students still exist. Studying English Overseas has vast advantages. First of all‚ international students can gain knowledge of new culture from each
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An organization that I worked for from July 2011 to September 2012 desperately needs to be assessed for compensation and benefits issues. The Ourisman Automotive Group and a new and used car dealership and they have three locations in close proximity. The three locations in need of help are World of Ford and Lincoln‚ Ourisman Chevrolet Buick‚ GMC of Alexandria and Chrysler‚ Jeep and Dodge. The challenges this dealership range from a very high turnover rate‚ poor benefits‚ unstructured incentive programs
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Total Rewards Model A total rewards strategy articulates an institution’s overall plan for the rewards it will offer in exchange for the excellent work and commitment of its faculty and staff. The actual statement can be concise or detailed. To be effective‚ the strategy should capture the full set of rewards‚ both financial and nonfinancial. The Top Five Advantages of a Total Rewards Approach • Increased Flexibility - Traditional companies had a paternalistic approach to reward; one benefit
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Conclusion In spite of the multiple benefits and advantages of compensation management and its impact on employee’s performance‚ it cannot still be said that having compensation management policy is a panacea for success in appraising‚ and managing employee’s performance. It is therefore the duty of all managers to ensure that the use of compensating policy meets employee’s expectation in order to have good and effective performance. The first basic requirement for effective and functional
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Building a Lasting Compensation Plan Building a Lasting Compensation Plan Compensation plans are as varied as the companies that implement them. They reflect a company’s culture‚ financial strategy‚ organizational structure and goals. Compensation plans serve as the catalyst for employees to join a company and remain‚ which in turn enables the organization to fulfill its obligation to provide goods and services. Developing an effective compensation plan requires thorough preparation
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