management and retention strategies Global compensation strategies Insights into work ethics of different countries Competencies development Soft skills and domain knowledge training Diversity management strategies and training Social sensitivity training HR ACTIONS FOR GLOBAL GOING HR Planning and Forecasting Location Planning Job Analysis/Job Redesign Attraction & Selection Training & Development Performance Management Compensation Retention Reduction/Removal Bullies
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Assignment 1 Arlene Miller Professor Fitzpatrick Compensation Management – BUS 409 October 30‚ 2011 Describe the three main goals of compensation departments. The compensation department’s main goals are: internal consistency‚ market competitiveness‚ and recognition of individual contribution. Internal consistency compensation defines the value of each job among all jobs in a company. This represents the hierarchy of the set of jobs. Companies use a simple but fundamental principle for building
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CHAPTER 11- COMPENSATION: Methods and Policies Determination of Individual Pay: Manage must address to two questions in order to determine how employees are paid. First‚ how one employee is paid relative to another employee within the same company and performing the same job junction. Second‚ if the pay is different‚ then on what basis was this distinction determined-experience‚ skills‚ performance‚ seniority‚ higher performance‚ merit or some other basis. Organizations apply pay differentials
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above-market compensation‚ which will result in lower turnover of tellers. It will be a bigger concern for the bank to override the internal equity. Having that said‚ raises for the tellers can be based on individual plan depending on factors like work load‚ or responsibility. 2. How much faith should the HR committee place in the accuracy of the wage survey? If the survey is conducted directly by another bank‚ there may be manipulations to the results in accordance with the benefits of the bank
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ETHICAL COMPENSATION Final Paper Kyle McCluskey August 13th‚ 2010 Ethical Compensation The definition of ethical compensation is that the standards‚ principles or rules that give guidelines for morally correct behavior and for honesty in payment and reward of employees. Intellectuals feel that ethics involve more than just legal observance. Managers on the other hand choose to do more than the law requires. Some feel it is a sense of fairness or because it makes sense economically
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networking can build up your online reputation and your brand. A) Do this through Facebook is by connecting vendors to one another. Your efforts will be appreciated and could be rewarded by those you’ve helped connecting you with a vendor who may be interested in putting some business your way. i. Passing on relevant links and posts to your customers and asking them for their reaction. Your customers will feel you value their opinion and don’t just see them as your ’target market’. ii.
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Operational planning is the process of linking strategic goals and objectives to tactical goals and objectives. It describes milestones‚ conditions for success and explains how‚ or what portion of‚ a strategic plan will be put into operation during a given operational period‚ in the case of commercial application‚ a fiscal year or another given budgetary term. An operational plan is the basis for‚ and justification of an annual operating budget request. Therefore‚ a five-year strategic plan would
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Transitory employees are defined as experienced‚ skilled workers who have less than five years of tenure with their current employer. There are two types of transitory employees: Intra-industry and Extra-industry. An intra-industry transitory employee already possesses knowledge of the business/industry language and technical aspects of the job and only requires training in their new company’s culture and ways of doing business. Sources for these candidates can be either: • Internal—transfers
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WHAT IS A TOUR PACKAGE? DEFINITION Complete trip‚ usually including fare‚ accommodation‚ meals‚ ground transport‚ tour guides‚ taxes‚ etc.‚ in one all-inclusive price. Source: BusinessDictionary.com 1 TYPES & CHARACTERISTICS TOUR PACKAGE CATEGORIES Package tours can be broken down into six (6) specific tour types. Tours available range from Special Interest tours‚ Adventure tours‚ City or Regional tours‚ Group tours‚ Fully Escorted tours and Business tours. 2 ??????????????????????
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LAN4101 Promotional Materials Notional Learning Package Notes to Students You should read through the Notes to Students carefully and make good use of the materials provided in the package. 1. Why are you required to complete the Notional Learning Package (NLP)? The Notional Learning Package aims to facilitate your independent language learning through various tasks and writing reflections on what you have learnt when completing the tasks. 2. What is in this NLP? • Language Quiz
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