Internship Report on Compensation Management and Employee Satisfaction A study on EXIM Bank Ltd.‚ Gulshan Branch‚ Dhaka Submitted to: Ishita Roy Asst Professor Department of Business Administration University of Development Alternative Chapter-1 Introduction The internship report titled “Compensation practice and Employee satisfaction in Banking Industry” is submitted an partial prerequisite of the Bachelor of Business Administration program of. University of development alternative. The
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Pay systems translate the strategy into practice in order to achieve certain objectives. The basic objectives are efficiency‚ fairness‚ compliance with laws and regulations and satisfaction of the employees. 1.Efficiency consists of:a.Improving performance‚ increasing quality‚ delighting customers and stockholders. When the organization improves the performance she will get the benefit from the employees‚ which will affect the organization’s strategy and will lead to the competitive advantages
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CA Ninad J Panchakshari Mcom. FCA‚ Nashik What is Tax Planning? Tax planning is an essential part of your financial planning. Efficient tax planning enables you to reduce your tax liability to the minimum. This is done by legitimately taking advantage of all tax exemptions‚ deductions rebates and allowances while ensuring that your investments are in line with your long-term goals. However in a broader sense tax planning is not to save the tax for current financial year but also make an
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Employers provide compensation to inspire and motivate employees’ performance to accomplish the organizations goals and objectives. Executive compensation is a governance mechanism that seeks to align the interests of managers and owners through salaries‚ bonuses‚ and long-term incentives such as stock awards and options (Hitt‚ Ireland‚ & Hoskisson‚ 2011). In this paper the author will discuss issues of executive compensation and what the future might be for these employees. What are some
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ASSIGNMENT #1 DUE ON SUNDAY‚ JUNE 24 NAME: SEC: ID: ______________ 1. Intraco Co. has the following account balances for the end of the year Dec 31‚ 2010 |Selling and administrative salaries |$120‚000 | |Purchase of raw materials |280‚000 | |Direct labor
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your pay slip. Care UK logo‚ Name of the residential care home Pay date Tax period Tax code National insurance number National insurance code Employee number Basic rate Training payment Weekend basic This period Year to date Gross earnings Net salary B3: Identify two changes to personal information which you must report to your employer You must inform your employer if you change your name and address B4: Describe the procedure to follow if you wanted to raise a grievance at work Stage 1 To make
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Compensation Management Q1.a. What is the role of compensation and rewards in modern organization? What arethe advantages of a fair compensation system? Ans1a. Role of Compensation and Reward in Organization: Compensation and Reward system plays vital role in a business organization. Since‚ among four Ms‚ i.e Men‚ Material‚ Machine and Money‚ Men has been most important factor‚ it is impossible to imagine a business process without Men. Land‚ Labor‚ Capital and Organization are four major factors
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Wage State Laws Paying a “Living Wage” Tips Workweek Overtime Hours and Overtime Pay Exceptions to Overtime Hours and Overtime Pay Provisions Compensatory Time Off Exemptions from FLSA Requirements White-Collar Workers Test of Exemption Salary Basis Blue-Collar Workers Equal Pay Act Child-Labor Restrictions Nonfarm Occupations Agricultural Occupations Certificate of Age Penalties Areas Not Covered by the FLSA DETERMINING EMPLOYEE’S WORK TIME Principal Activities Clothes-Changing
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detective. You will need to take a lot of higher level classes in criminal justice; such forensics‚ psychology and other courses that will help you become a successful homicide detective. The typical starting salary for homicide detective varies. Salaries range from median annual salary: $50‚020-$90‚750 depending on what level you’re starting at and what state has the most crime. A homicide detective can expect 60-100 hours per week. Their cases and clients dictate their work hours from early morning
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key authorisation points in a payroll system. b.Explain the importance of establishing control procedures over the classification of payroll transactions. Answer 1. Personnel | Authorization of hiring‚ firing‚ wage-rate and salary adjustments‚ salaries‚ and payroll deductions. | Supervision | Review and approval of employees’ attendance and time information; monitoring of employee scheduling‚ productivity‚ and payroll cost variances. | Timekeeping | Processing of employees’ attendance
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