Wage and Salary Administration Policies in India for MBA MB0043 SMU Assignment The basic purpose of wage and salary administration is to establish and maintain an equitable wage and salary structure. Its secondary objective is the establishment and maintenance of an equitable labour-cost structure i.e.‚ an optimal balancing of conflicting personnel interests so that the satisfaction of employees and employers is maximized is concerned with the financial aspects of needs‚ motivation and rewards
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Guest (1997) presented a conceptual model on “linking HRM and Performance”. There are six boxes and in each box supporting items. HRM Strategy is the first box; the factors are (i) Differentiation – strategy has to be innovative‚ (ii) Focus – on quality‚ (iii) Cost – on cost reduction. The second box‚ on HRM practices like selection‚ training‚ appraisal‚ rewards‚ job design‚ involvement‚ status and security. The third box is on HRM outcomes‚ and the 3 factors are (i) Commitment – it refers to the
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Organizational Culture: Kudler Fine Foods Passionate about gourmet cooking and frustrated at having to travel all over town to gather ingredients for one simple meal‚ Kathy Kudler decided to open her own gourmet food shop (University of phoenix). Kudler Fine Foods‚ (Kudler) a small chain of gourmet food stores located in California establishment in 1998‚ and has now expanded to three locations. Kudler’s management has succeeded in combining convenience of one stop gourmet shopping with affordable
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Educating and Inspiring Future Leaders: Why Teachers Deserve Better Pay According to the report‚ “Estimated Average Annual Salary of Teachers in Public Elementary and Secondary School‚” by the U.S. Department of Education in 2011‚ the average starting salary for a teacher in Missouri is a measly $29‚857 (1). The average salary for all teachers across the U.S. is $51‚673 (“Estimated Average Annual” 1). Teachers are the foundation of education for future politicians‚ government officials‚ teachers
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Organization: Hewlett – Packard (HP) Organization Culture: The organization culture of Hewlett-Packard is also known as “The H-P Way”. Within the context of “The H-P Way”‚ the employees of the organization together with the management are expected to follow a saying “Don’t Be Evil”. The H-P Way is supposedly to be honest in all its operations and in all of the information coming out from the business organization. But‚ one cannot remove the fact that not all information are going out and being
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Leadership Management with Organizational Diversity and Culture Franklyn Torres Leadership Management with Organizational Diversity and Culture In today’s global market and corporate economy‚ the importance of understanding the power of cultural diversification within the workplace is very important. The ability to interchange and collaborate on set goals and objectives facilitates the process of attaining such goals at high performance level. With the influx of several cultures into the corporate
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and evaluate critically the extent to the link between motivation and organizational performance. Work motivation is an ensemble of internal and external forces which could initialize the work behavior‚ determining its direction‚form‚ intensity and duration which is concerned with positive incentives and avoid negative incentives in the workplace (Pinder 2008). There are an array of theories that were put forward by organizational scholars. For instance‚ Maslow’s Need-based theories which focus on
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Case 2.1 Organizational Culture: Life or Death 1. What values appear to be driving the doctors and nurses in the hospitals to treat heart attack patients? When treating heart attack patients it is essential that doctors and nurses work quickly but efficiently in a time based organized hospital culture. The value that seems to be driving doctors and nurses is having standardized protocols‚ flexibility when it comes to redefining the protocols‚ real time data feedback to measure success and working
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Case Title: Organizational Culture and Incentives at Lincoln Electric Table Of Content Introduction: An overview of the case study S.W.O.T Analysis Case Discussion Questions Recommendation 1. Introduction: An overview of the case study Lincoln Electric is a leading manufacturer of welding products‚ welding equipment‚ and electric motors‚ with more than US$1 billion in sales and 6‚000 workers worldwide. Although now
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ORGANIZATIONAL CULTURE There exist successful corporations with very different corporate culture. Their employees enjoy their jobs and generally like the way how things are done at their company. Every organization has a set of values that characterize how people behave and how the organization carries out everyday business. Positive cultural norms strengthen the company while negative cultural norms have the power to take the company down. A related concept concerning the influence of norms
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