EMPLOYEE LOYALTY Methlife’s 10th annual survey of employee benefits‚ trends and attitudes‚ released in March‚ puts employee loyatlty at a 7-year low. The survey shows one in three employees plan to leave their job by the end of the year. According to a report conducted in 2011 by Careerbıilder.com‚ 76% of fulltime worker would leave their job if the right opportunity comes along‚ even tough they havent been actively seeking for a job. Other studies Show that each year the average company lose
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Organisational Culture is defined as A pattern of shared basic assumptions that the group learned as it solved its problems of external adaptation and internal integration‚ that has worked well enough to be considered valid and‚ therefore‚ to be taught to new members as a correct way to perceive‚ think and feel in relation to those problems Gareth Morgan has described organizational culture as: "The set of the set of beliefs‚ values‚ and norms‚ together with symbols like dramatized events and personalities
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Employee Motivation South University Lauren England Employee Motivation Motivation is a key factor in companies today. The employees of these companies need motivation to keep working hard and staying strong. Especially in today’s economy motivation is a must for employees to help them and keep them going. “Motivation is not simply working hard—it also reflects your view of your own abilities” (Robbins & Judge‚ 2010‚ p.204). There are many ways that companies can help their employees maintain
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Employee benefit plans are continually evolving as the needs‚ desires‚ and majority age of the working population shift. In addition to these factors‚ the fluctuating state of our economy and the healthcare reform are driving employers to find creative ways to continue to provide‚ or enhance‚ benefits while still cutting costs. According to a survey conducted by the SHRM Foundation‚ 72% of HR professionals reported that the benefits offerings at their organization have been affected in some way
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valuable asset of any organisation because without people‚ machines cannot operate themselves; neither can operations nor processes fall in place on their own without the involvement of personnel. Saari & Judge(2004) suggest that “a happy employee is a productive employee”. This implies that there are certain factors which bring about this happiness that could increase the overall performances of employees in organisations. This work intends to identify what actually motivates employees at work in order
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Employee Selection and Training Paper Industrial/organization psychology is a configuration of work and methods to advance the productivity in people in his or her workplace. I/O psychology also helps organizations and employers to find potential employees. There are multiple tests used to select and train employees. These tests are used to recognize skills‚ abilities‚ and knowledge potential employees contain. There are also different methods used to determine the rank of success of training
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Abstract Employee engagement is the emotional commitment an employee shows for the organization and its goals (Kruse 2012). It can also be defined as the act of an employee being involved in‚ enthusiastic about and satisfied with his or her work (Seijts et al..‚ 2006). An engaged employee is one who actually cares and is passionate about his job and company goals. He or she does not work just to get a paycheck rather they work to ensure the organization’s goals are met. An engaged employee brings
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Employee Benefits Increasingly‚ employees are being allowed to choose benefit packages from a menu of items. For instance‚ workers may be given a package of benefits that includes basic and optional items. Basics might include modest medical coverage‚ life insurance equal to a year’s salary‚ vacation time based on length of service‚ and some retirement pay. But then employees can use credits to choose among such additional benefits as full medical coverage‚ dental and eye care‚ more vacation
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Do you consider employee empowerment and participation important? I consider employee empowerment to not only be important‚ but vital to an organization’s level of morale and human potential. Empowerment has many benefits to include: increased motivation to reduce mistakes and have individuals take more responsibility for their own actions‚ increased opportunity for creativity and innovation‚ the continuous improvement of processes‚ products‚ and services‚ improved customer satisfaction by having
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Chapter I INTRODUCTION 1. MEANING OF WAGE/ COMPENSATION PAYMENT: Wage is a monetary payment made by the employer to his employee for the work done or services rendered. It is a monetary compensation for the services rendered [1]. A worker may be paid Rs. 100 per day or Rs. 4500 per month. This is wage payment. The worker gives his services and takes payment called wage payment. Industrial workers are paid remuneration for their services in terms of money called wage payment. Wages
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