Internal and External Equity HRM/324 09/09/2013 Internal and External Equity Equity as it applies to compensation plans used by employers refers to the exchange of service for compensation that employees make with their employers. Total compensation systems take into consideration all things of value given by an employer to an employee in exchange for his or her service in a specified role (Romanoff‚ Boehm & Benson). Total compensation systems include not only salary or wages‚ but also insurance
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Lenovo PREPARED BY: Team 2: Group Beta Members: Akhilesh Nair Lakshmi S Nikhil Kumar Murali Krishna M Rohit Parimal Naveen Chowdari Saurabh Singh Saurabh Singh HRM in Banking Sector TABLE OF CONTENTS 1. Overview of Banking Sector.......................................................................4 2. Challenges faced by Human Resource Managers in banking sector...........8 3. Study of prominent banks in Indian Banking Sector................................
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International Human Resource Management in China The significance of culture in international HRM Managing Diversity Organisational structures in the context of globalisation HR 364 Management of international Human Resources 2004/05 Florian Kress Registration no: 04914686 Table of contents Introduction 2 The significance of culture in international Human Resource Management 2 Hofstede ’s five Dimensions 3 Power Distance Index (PDI) 3 Individualism (IDV) 3 Masculinity (MAS) 3
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Environment ENVIRONMENT What is Environment? The purpose of this essay is to familiarize you with the relationship between man and his environment. After reading it you will be able to understand the meaning of Environment and man’s place in the environment. You will also be able to see the complexities of‚ man-environment inter-change and the impact that has been made on the environment since the beginning of the industrial revolution. Environment may be broadly understood to mean our
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Environmental protection is a practice of protecting the natural environment on individual‚ organizational or governmental levels‚ for the benefit of the natural environment and humans. Due to the pressures of population and technology‚ the biophysical environment is being degraded‚ sometimes permanently. This has been recognized‚ and governments have begun placing restraints on activities that cause environmental degradation. Since the 1960’s‚ activity of environmental movements has created awareness
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PRINCIPLES OF WAGE & SALARY ADMINISTRATION The main principles that govern wage & salary fixation are three: * EXTERNAL EQUITY: Compare the pay of the same job in different organizations and judge if it is fair. Example: Retail store X has a Store Manager and retail store Y has a store manager (the same job in two different organizations) * INTERNAL EQUITY: Compare the pay of different jobs in the same organization and judge if it is fair. Example: A retail store has an Assistant
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& Schuler‚ R.S. 1995‚ ‘Understanding human resource management in the context of organizations and their environments’‚ Annual Review of Psychology‚ vol. 46‚ pp. 237-237. Nankervis‚ A‚ Compton‚ R‚ Baird‚ M‚ Coffey‚ J (2011)‚ ‘Human Resource Management Strategy and Practice’‚ 7th edition‚ Cengage Learning‚ RR Donnelley Asia Printing Solutions Limited‚ China‚ pp.16 R Robinson‚ S. L‚ Kraatz‚ M. S & Rousseau‚ D. M. 1994‚ ‘Changing obligations and the psychological contract: A longitudinal study’‚
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Both the governmental and Non Governmental Organizations have been propagating afforestation programmes. Due to the industrial revolution many countries have seen the rapid decline in forests. Cutting of trees is not only a threat to the environment but also to the quality of life and to the economy also. Reasons for the decline in forests : Explosion of human and livestock population Increased demand of timer‚ and fuel wood Expansion of the agricultural land Construction of the infrastructure
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Topic: Compensation Submitted By: Syeda Zunairah Bukhari (10-Arid-1942) Sir: Abdul Latif Barani Institute of Information technology PMAS-Arid Agriculture University Rawalpindi. Definition: Compensation is the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required. Compensation is based on: market research about the worth of similar jobs in the marketplace‚ employee contributions and
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Abstract Downsizing has been a common cost-cutting activity for organisations in the last 25 years. Literature in this area has focused mainly on the effects that redundancy may have on people leaving the organisation. However‚ some research has investigated the effect it may have on the employees who were not made redundant‚ and from this the concept of ’Survivor Syndrome ’ was created. It has been established that redundancy processes result in negative emotions being felt by survivors‚ such as
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