Disadvantages 1. Loss of Freedom of choice - Citizens no longer have the choice to choose who governs them. They cannot vote in elections as it is all decided for them. 2. The Government will have absolute power. The government may not think in the best interests of the people. They may be more interested in building large lavish palaces for themselves than feeding their people. 3. The people may be oppressed by the regime as the government would be intent on keeping their power away from the
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Executive Pay. Some evidence suggests that there is a direct and positive relationship between a firm’s size and its top-level managers’ compensation. Explain what inducement you think that relationship provides to upper-level executives. I believe that top-level managers generally are compensated based on the size of the firm because of the risk‚ education‚ stress‚ hard work‚ and expected level of achievement that their job duties require. The top-level managers are expected to take a risk
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PAY SYSTEM Definition:‘Pay systems are sets of rules with which employers link pay rates not only to job descriptions‚ but also to any of a great variety of indicators related to issues such as employees’ competence‚ performance and career expectations’ (Brown et al. 2003:196) Equity theory: Inputs are defined as each participant’s contributions to the relational exchange and are viewed as entitling him/her to rewards or costs. The inputs that a participant contributes to a relationship can be
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Benefits and Drawbacks of Performance-Based Compensation posted by Pat Wootton on December 3‚ 2011 In our parents’ day‚ salary was generally based on seniority; every employee in a comparable position earned the same‚ with annual increments and cost-of-living raises. Seniority was rewarded‚ youthful enthusiasm perhaps not. The obvious drawback to this system was a tendency for long-standing employees to become comfortable with their guaranteed salary and become less motivated. Additionally‚ there
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Revision of Pay Scales of Teachers and equivalent cadre in Degree/ Diploma Level Technical Education as per AICTE Scheme (6th Pay Commission) Dr.Babasaheb Ambedkar Technological University‚ Lonere‚ University Departments‚ All University Affiliated Government and Non Government Aided Colleges & MSBTE affiliated Government and Non Government Aided Polytechnics conducting Professional Degree/Diploma Courses such as Engineering‚ Pharmacy‚ Architecture‚ Management etc.‚ GOVERNMENT OF MAHARASHTRA Higher
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Is the Internet a sea of information or a source of human catastrophe or a forum for democracy or a source of rumors? President Lee Myung-bak‚ speaking at the June 17 ministerial meeting of the Organization for Economic Cooperation and Development which discussed the future of the Internet economy‚ said that the Internet without trust can be “a poison instead of medicine.” He expressed concerns about spam mails hiding under anonymity and the spread of lies and incorrect information that threaten
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During the seventeenth and eighteenth centuries‚ the economic theory utilized by Great Britain towards its empire was known as mercantilism. The idea behind mercantilism was to amass wealth through a favorable balance of trade‚ or exporting more goods than were imported. Within the idea of mercantilism‚ the colonies were meant to be a source of raw materials and a market for manufactured products. Even though the mercantile theory seemed to prosper between England and the colonies‚ the underlying
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Advantages of Credit Rating Different benefits accrue from use of rated instruments to different class of investors or the company. These are explained as under: A. Benefits to Investors 1. Safety of investments. Credit rating gives an idea in advance to the investors about the degree of financial strength of the issuer company. Based on rating he decides about the investment. Highly rated issues gives an assurance to the investors of safety of Investments and minimizes his risk. 2. Recognition
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Navigating Pay Equity: Developments in Legislation March 24‚ 2014 Agenda • Historical legislation • Lilly Ledbetter • Paycheck Fairness Act • Impact and advice for HR professionals Equal Pay Act (EPA) • Passed in 1963 as an amendment to the FLSA • Requires equal pay for substantially equal work ▫Skill‚ Effort‚ Responsibility‚ Working Conditions • Gender claims only • Not required to show discriminatory intent EPA - Affirmative Defenses • Seniority system • Merit system • System which measures
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