banking crises emanating from other countries through infectivity. The recapitalization or consolidation exercise in the banking industry by the former Central Bank of Nigeria Governor‚ Professor Charles Soludo has necessitated the need for different organization to engage in corporate Consolidation (mergers and acquisition). The concept of recapitalization refers to the current trend of compelling all commercial banks to raise their capital base from 2billion to 25billion Naira by the Central Bank of Nigeria
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3.3 Reward systems Reward works as the important element in an organization because it is helping the organization to increase the working performance of the employees by motivating the employees to contribute and giving full commitment to their jobs. There are eight features in a reward system design‚ which are the relationship between job based and performance based‚ market position‚ internal equity‚ hierarch‚ centralization‚ rewards mix‚ security‚ and seniority (Cummings & Worley‚ 2009). The
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Report 550012007/2005 The health impacts of globalisation: a conceptual framework M.M.T.E. Huynen‚ ICIS‚ Maastricht University‚ Maastricht P. Martens‚ ICIS‚ Maastricht University‚ Maastricht H.B.M. Hilderink‚ Netherlands Environmental Assessment Agency (MNP)‚ Bilthoven Contact: M.Huynen@ICIS.unimaas.nl ICIS‚ Maastricht University Kapoenstraat 23 6211 KV Maastricht P.O. Box 616 6200 MD Maastricht The Netherlands Phone number: ++ 31 43 3882662 Fax: ++ 31 43 3884916 website: www.icis.unimaas.nl Netherlands
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Designing a Reward System By: Kelly Hitt A reward system in the human service organization is a great idea. Having a reward system can help boost morale and give employees something to look forward too and work harder to strive to get the reward that is being offered. When deciding to have a reward systems there are many things that need to be considered. Some things to be considered would be the nine major factors of motivation. These are respect for me as a person‚ good pay‚ chance
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Effect of Labor Unions Economic Performance Dec. 10‚ 2012 Kidong Kang(Kenny) I. Introduction According to the Bureau of Labor Statistics in 2011‚ 11.8% of workers are members of unions in the labor force as a whole. Especially in the private sector‚ there was obvious tendency to decrease of unionization. Only 6.9% workers in the United States belong to labor unions in 2011. That was more than 2% drops compared to in 2000 era. The basic dilemma faced by unionization is the need to serve the
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Globalization Globalization is a factor that can either hurt or help a business. Some see it as doing good and others see it and doing bad. Good‚ or bad‚ globalization has a huge impact on businesses and companies today. Globalization has allowed money and information to be accessed easier and faster. It has allowed goods and services produced in one part of the world to be available for import or export in other parts of the world much faster. It also has increased international travel and international
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1.Summarise the recent trend of reward systems in India. The current trend is one of integrated reward approach. Reward system usually mean the financial reward on organization gives its employees in return for their labour. While the term reward system‚ not only includes material rewards‚ but also non-material rewards. The components of a reward system consist of financial rewards (basic and performance pay) and employee benefits‚ which together comprise total remuneration. They also
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Chris Scheefer Cbs5150@psu.edu LAS Capstone – Global Perspective The dark side of Globalization – A new age of Global Terrorism The interdependence and interconnectedness of the new world is upon us. This new era Globalization has brought about many new frontiers and new opportunities; but this interconnectedness has a dark side. The world is now a mouse click away‚ with a global exchange of ideas and up to the minute news from anywhere
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Motivation and Rewards System GROUP III Motivation through Equity‚ Expectancy and Goal Setting Three Cognitive Theories of Work Motivation 1. Adams’s Equity Theory is a model of motivation that explains how people strive for fairness and justice in social exchanges or give-and-take relationship and based on Cognitive Dissonance Theory. 2. Expectancy Theory Holds that people are motivated to behave in ways that produce desired combinations of expected outcomes What an individual is
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increased rapidly since the mid 1980’s.The term globalization means international integration. It includes an array of social‚ political and economic changes. Unimaginable progress in modes of communications‚ transportation and computer technology have given the process a new lease of life. This paper is an attempt to outline the growth of Indian economy‚ effects‚ culture‚ technology‚ driving force and transformation that India is going through due to globalization‚ liberalization and privatization. INTODUCTION
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