SALIENT FEATURES OF WORKMEN COMPENSATION ACT‚ 1923 Submitted by MOKSHA NAIR WORKMEN COMPENSATION ACT‚ 1923 Objective of the Act: The objective of the Act is to provide compensation to workmen for injury or an accident. It was the first Labour Law Act enacted to provide one time compensation to a workman injured on company’s premises or shop floor. Salient Features of the Act: 1. An employer is obligated to pay compensation to a workman in case
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Real World Negotiation - A Family Vacation All Inclusive‚ 7 night vacation in the Mayan Riviera; heaven… with family! A total of 15 people decided to plan a vacation. Throw a few people that are extremely stubborn with a few that are picky and some that are price sensitive and you have a messy multiparty negotiation. Luckily we all agreed on the location quickly as most of the group has not travelled there before. Out of the 15 people‚ 7 were the decision makers / negotiators – those are
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historical influences in Korea’s past Negotiation is a crucial aspect of all interorganizational relationships. No matter if it is a strategic alliance‚ joint venture‚ merger‚ acquisition‚ or just a sale of a product and a service‚ negotiation is a part that one cannot due without. As the section of international to domestic trade increases‚ so does the occurrence of business negotiations among people from different countries and cultures. Negotiation is a process in which at least one individual
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Whole Grains What are whole grains? Whole grains are foods naturally coming from the entire grain seed. All grains start as whole grains‚ whether it stays that way depends on us. When they are growing in the fields the whole grain is the whole seed of the plant called the kernel. Whole grains are made up of three important parts; the bran‚ the germ and the endosperm. Before a food qualifies as whole grain it must have 100% of the kernel‚ which means all of the bran‚ germ‚ and endosperm must be
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Textbook Chapter 6 Communication Chapter discusses what is communicated in a negotiation‚ how people communicate during negotiations‚ and how to improve communications during a negotiation. Important to note that what is communicated is equally as important as what is not communicated What is Communicated during a Negotiation? There are 5 categories of communication that occur in a negotiation - Offers‚ Counteroffers‚ and Motives o Bargainers generally act according to their preference
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Whole Foods Case Analysis 1. The chief elements of the strategy that Whole Foods Market is pursuing are whole foods‚ whole people‚ and whole planet. The whole foods portion describes the type of product being offered. The products are as close to natural as possible. Whole people describe the type of environment the employees have at Whole Foods Market. The employees are treated fairly‚ passionate‚ and highly motivated. Lastly‚ whole planet refers to the responsibility companies and individuals
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because of the social security problem. As what we would like to discuss‚ we are more focusing on the issue about social security in Malaysia. We will discuss the issue on social security that relate with Workmen Compensation Act 1952. This is an act that provide for the payment of compensation benefits to a foreign worker who possesses valid employment document for injuries sustained due to accident which arises out of or in the course of employment of if death results from the accident to the dependants
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Valencia III (Not Available) References: http://www.authorstream.com www.google.com.ph MANAGING COMPENSATION Compensation A total amount of the monetary and non-monetary pay provided to an employee by an employer in return of work performed as required. Pay is a statement of an employee’s worth by an employer. Pay is a perception of worth by an employee. Total Compensation Direct Wages / Salaries Indirect Time Not Worked • Vacations • Breaks • Holidays Commissions
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Name Student Number External and Internal Factors and how they affect Benefit Packages Course Number Compensation and Benefits Session I FALL 2013 Date Introduction When creating a benefit package for their organization‚ managers must take into consideration an array of conditions that will affect both the organization and the personnel it employs. These conditions range from external factors such as laws mandated by both local and federal agencies to internal
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Compensation and Benefits (HRM) Since compensation and benefits are vital part of HRM in most of the organizations‚ education of compensation and benefits reflect many practices and concepts pertaining to HRM. Human Resources practices do not operate in parts. They need to be strategic‚ logical and planned in the situation of the bigger organization‚ of which they are a part. Anyone in HRM is first a business partner of the organization and then an HR professional in their individual disciplines
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