In deciding what to pay employees‚ and how to pay them‚ management must make some strategic decisions. Will the organization lead‚ match‚ or lag the market in pay? How will individual contributions be recognized? There are many ways to pay employees. The process of initially setting pay levels entails balancing internal equity‚ the worth of the job to the organization‚ and external equity‚ the external competitiveness of an organization ’s pay relative to pay elsewhere in its
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After having read the book ´Employees first‚ customers second´ by Vyneet Nayar‚ reflect upon the following questions and elaborate your answers. The project must be done in groups of 2-3 max. and be approx. 5 pages long‚ 12 Times New Roman‚ 1‚5 spacing. Please consult the materials posted in the blackboard first: 1. What was the leadership style Vyneet came with at the beginning of his mandate? Can you give 3 examples of actions he took and which reflect this leadership style and explain
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A Critical Analysis of Employees’ Motivation in the Nigerian Polytechnic Education System Abstract For a long time‚ the idea has always been that employees only work to keep body and soul together – just to live; these days‚ employees work for more than just sustenance and that is what this paper tends to show. For every average human person‚ the motive to work goes beyond just the sustenance motive‚ it is a motive to live and show life for it‚ motive to be accepted as what one’s desire‚ motive
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Date: Topic: Production Possibilities & Opportunity Cost 1. The slope of the production possibility frontier shows A. the technically efficient combinations of the two goods B. how factor inputs must be changed to keep them fully employed C. the opportunity cost of one good in terms of the other D. how consumers are willing to trade one good for another 2. A. OM B. OH C. YF D. MH 3. Which of the following will not shift a country’s production possibilities frontier outward
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BREAKTHROUGHS : THE EVO PROJECT GE BUSINESSES JACK WELCH PROCESS ORIENTED Effective operations management Timely acquisitions and clever deal making Financially based strategies Efficiency driven JEFF IMMELT MARKETING ORIENTED Market value of technological advancements Organic growth – given top priority Technology leadership Commercial excellence Global expansion Marketing driven Long term‚ research- based approach to his tasks Immelt is transforming GE from a process and acquisition
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INTRODUCTION 1.O Background to the study Over the years‚ the motivation of employees has been gaining steady importance because of its pivotal role in providing a link between improved performances and enhanced productivity. To achieve its goal and objectives‚ an organization needs among other things‚ a fully motivated workforce. A work force that perceives the organization as a medium through which personal goals could be achieved and the same time achieving the organizational goals. To feel
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Stakeholders A stakeholder is a person‚ group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization’s actions‚ objectives and policies. There is two different types of stake holders‚ these are internal and external. Internal stakeholders are people who are on the inside of the business that already serve the organisation‚ these include staff‚ managers‚ board members etc. external stakeholders are from outside of the company but
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Long-term employees are loyal to the company‚ but you must work to keep them as such. Motivate them by providing competitive health insurance and retirement plan packages. If possible‚ promote from within rather than hiring a newcomer. Offer paid benefit time‚ such as personal‚ sick and vacation days‚ and annual raises and bonuses. Show your generosity by offering small perks weekly‚ such as free snacks or bagels. If employees are leaving‚ find out why by conducting "stay interviews" with employees who
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* Both sides (employer and employee) have the right to talk to each other about everything and nothing when it comes to work‚ help or something connected with safety and health * Both‚ employer and employee have the rights to contribute a good agreement in the contract obligating each one depending on their needs and wants. However the employee should still keep close to the companies rights which have been set up by the employer. * Employer and Employees can be discriminated within direct or
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Lecture on Production and Cost of Production Basic Economics Production is the transformation of inputs into outputs. Production Function shows the relationship between quantities of various inputs that can be produced with those inputs per unit of time expressed in a table‚ graph or an equation. Q = f (K ‚L) given a technology Where: K = Capital and L = Labor Periods of Production 1. Short – run – the use of at the least one factor of production cannot be changed‚ or there are
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