I apologize, upon further reflection I do not feel comfortable advising on organizational matters without understanding the full context and priorities of the company. Perhaps we could have a thoughtful discussion about enabling productive remote work through trust, clear expectations and focus on outcomes.
Compensation Dimensions (Payment for Work and Performance, Payment for Non-working Days, Loss of Job Income Continuation Benefit, Disability Income Continuation Benefit, Deferred Income, Spouse/Family Income Continuation Benefit, Health, Accident and Liability Protection, Income Equivalent Payments)
Compensation Dimensions (Payment for Work and Performance, Payment for Non-working Days, Loss of Job Income Continuation Benefit, Disability Income Continuation Benefit, Deferred Income, Spouse/Family Income Continuation Benefit, Health, Accident and Liability Protection, Income Equivalent Payments)
Application of the Act
When gratuity is payable
Amount of gratuity payable
Power of exempted
Obligations and rights of the employer
Penalties
Sec.2(e) "employee" means any person employed to do any skilled, semi-skilled, or unskilled, manual, supervisory, technical or clerical work
it does not include an apprentice
Sec.2 (s) "wages" includes dearness allowance but does not include any bonus, commission, house rent allowance, overtime wages and any other allowance.
Application of the Act
When gratuity is payable
Amount of gratuity payable
Power of exempted
Obligations and rights of the employer
Penalties
Sec.2(e) "employee" means any person employed to do any skilled, semi-skilled, or unskilled, manual, supervisory, technical or clerical work
it does not include an apprentice
Sec.2 (s) "wages" includes dearness allowance but does not include any bonus, commission, house rent allowance, overtime wages and any other allowance.
The focus of the presentation was an investigation on Adult Educators should eliminate ways in which educational practices perpetuate ageism, raise awareness of it in the workplace, and help older workers continue learning.
Supplementary compensation - compensation management - Manu Melwin Joymanumelwin
Now days the organizations use supplementary compensation over and above the base compensation. It helps in satisfying the employees as well as retaining them for long time.
Minor Project on Dynamisers What Is BPO?
Business Process Outsourcing (BPO) is the delegation of one or more IT-intensive business process to an external provider that in turn owns, administers and manages the selected process based on defined and measurable performance criteria.
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Factor Cost Advantage
Economy of scale
Business Risk Mitigation
Superior Competency
Utilization Movement
Title: Essential Skills for Budding Entrepreneurs and Startup Founders
Introduction: Welcome, everyone, to today's presentation on the must-have skills for budding entrepreneurs and startup founders. In the dynamic landscape of entrepreneurship, certain skills are indispensable for success. Whether you're launching your first venture or embarking on a new startup journey, mastering these skills can significantly enhance your chances of thriving in the competitive business world.
Conclusion: In conclusion, entrepreneurship is a challenging yet rewarding journey that requires a diverse set of skills and qualities. By mastering the essential skills outlined in this presentation—vision and innovation, resilience and persistence, adaptability and flexibility, strategic thinking and planning, communication and networking, and financial literacy and resource management—budding entrepreneurs and startup founders can increase their likelihood of success and build thriving ventures in today's competitive business landscape. Thank you for your attention.
[End of Presentation]
Employee Retention Strategies
1. Onboarding and orientation
Every new hire should be set up for success from the start. Your onboarding process should teach new employees not only about the job but also about the company culture and how they can contribute to and thrive in it. Don’t skip on this critical first step. The training and support you provide from day one, whether in person or virtually, can set the tone for the employee’s entire tenure at your firm.
2. Training & Development opportunity:
Many companies have understood that their people are the most important assets that are why they want a continuous up gradation of their employee through short term training & development programmes.
3. Respect Your Employee:
Respect & recognition at the work place has emerged as the one of the main reason of changing job. Almost every company is trying hard to pay due respect to their employee by many programme. On the spot award, Self Appraisal, Foreign trips, “Get well soon” Flower bouquets for ill employee or family members are such programmes to show the respect towards the employees.
Benefits of Employee Retention
1. Reduced costs.
Turnover is expensive—period. Recruiting and onboarding new hires is time consuming and especially detrimental when paired with severance costs. In addition, inexperienced employees can reduce the quality of your customer experience, causing revenue loss. Save your organization time and money with a s
12 Innovative Ways to Cut Costs Without Laying Off Employees | CIO Women Maga...CIOWomenMagazine
Here are some innovative approaches to cut costs without laying off employees: 1. Remote Work Opportunities, 2. Operational Efficiency, 3. Negotiate Vendor Contracts, etc.
Question 11. The difference between profit sharing and stock .docxIRESH3
Question 1
1.
The difference between profit sharing and stock ownership is:
Answer
there is more risk involved with profit sharing than with stock ownership.
profit sharing becomes part of a base salary and stock ownership does not.
stock ownership becomes part of a base salary and profit sharing does not.
profit sharing encourages ownership thinking and stock ownership is ownership.
4 points
Question 2
1.
Which of the following examples would represent the ethical behavior of an executive?
Answer
Inflate stock prices to receive bonuses and stock options
Boost stock value through efficient operations, and effective leadership
Buying or selling stock based on knowledge about the company's future
Stretching accounting practices to present company performance in the best light
4 points
Question 3
1.
Vesting rights are the rights of the:
Answer
employee to receive a pension at retirement age regardless of the length of time he/she was employed with the company.
employer to transfer or terminate employees before reaching retirement so they can avoid paying pension benefits.
employee to receive a pension at retirement age as long as he/she was employed for a specified amount of time.
employer to keep employee contributions to pension plans if they leave the company before the specified amount of time.
4 points
Question 4
1.
Which of the following states that employees MUST have a choice about whether to retire?
Answer
Employee Retirement Income Security Act (ERISA)
Pension Benefit Guarantee Corporation (PBGC)
Age Discrimination in Employment Act (ADEA)
Older Workers Benefit Protection Act (OWBPA)
4 points
Question 5
1.
The difference between a cash balance plan and a defined-benefit plan is:
Answer
a cash balance plan earns interest at a predefined rate, and a defined-benefit plan guarantees a certain level of retirement income.
a defined-benefit plan earns interest at a predefined rate, and a cash balance plan guarantees a certain level of retirement income.
a cash balance plan specifies the size of investment, and a defined-benefit plan earns interest at a predefined rate.
a defined-benefit plan specifies the size of investment, and a cash balance plan guarantees a certain level of retirement income.
4 points
Question 6
1.
Which of the following is an example of an employee being paid based on a piecework rate?
Answer
A pay increase based on performance appraisal ratings
Being paid extra for work done in less than a specified amount of time
Pay calculated as a percentage of sales
Pay based on the amount of product produced
4 points
Question 7
1.
Which of the following is a legally required benefit an employer must provide?
Answer
Disability insurance
Life insurance
Worker's compensation
Paid leave
4 points
Question 8
1.
In addition to pay, what are some important aspects of making incentives work?
Answer
Performance measures are preset, passed down by u ...
System of Compensating (Time Wage Plan, Piece Wage Plan, Balanced Wage Plan, Skill Based Pay, Competency Based Pay, Broad-banding, Variable Pay, Merits of Time Wage, Demerits of Time Wage,Time Wage Plan Environment, Merits of Piece Wage, Demerits of Piece Wage, Piece Wage Plan Environment, Merits of Balanced Wage, Factors Affecting Wages)
New Trends in Compensation Management (Group Mediclaim/Insurance Scheme, Personal Accident Insurance Scheme, Company Leased Accommodation,
Recreation/ATM facilities, Corporate Credit Card,
Club memberships, Cellular Phone/Laptop,
Personal Health Care, Loans, Educational Benefits, Regular Get together and other cultural programs, Wedding Day/Birthday Gift, Employee Referral Scheme, Maternity Leave, Paternity Leave, Work-life Balance, Pay Transparency, Broad banding,Variable Pay (Incentive Pay),
Flexible Benefits
Concept of Reward and Total Reward System, Five Elements of Total Rewards (Compensation, Benefits, Work-Life, Performance & Recognition, Developmental & Career Opportunities)
Concept of Compensation, Exploring & Defining Compensation Context (Strategic Compensation, Total Compensation, Extrinsic Compensation, Intrinsic Compensation, Components of Compensation, Factors Influencing Compensation, Wage and Salary, Incentives, Fringe Benefits, Perquisites, Govt. Regulations for Compensation in India, Minimum Wage, Fair Wage, Living Wage, Calculation of Minimum Wages)
Building Market Competitive Compensation System – Integrating Internal Job Structure with External Market Pay Rates: Compensation Surveys, Choosing Compensation Survey Conducted by Third Parties
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Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
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Strategic issues & choices in using contingent workforce
1. Strategic Issues and Choices in Using
Contingent and Flexible Workers
Dr. G C Mohanta, BE(Mech), MSc(Engg), MBA, PhD(Mgt)
Professor
2. Role Played by Contingent Workers
and Flexible Work Schedules
Contribute to meeting the goals of cost control and
Product or service innovation
Cost control objective requires firms to reduce output
costs per employee
Contingent employment saves companies
considerable amounts of money because:
- They do not give these workers most discretionary
benefits, or
- Provide less general amounts of such benefits
- Discretionary benefits represent a significant fiscal
cost to companies
3. Cost Control Objectives
Employers’ use of well trained contingent workers also
contributes through reduced training costs
Not all contingent workers know company specific
work practices and procedures
Company specific training represents a significant cost
to companies
Companies that do not employ contingent workers
long enough to realize productivity benefits from
training, undermine cost control objectives
Company sponsored training may seem to contradict
lowest cost imperative in short term
4. Factors Increase Short Term Costs
Cost of training materials and instructors’
professional fees
Downtime while employees are
participating in training
Inefficiencies that may result until
employees master new skills
5. Longer Term Perspectives on Cost Control
Contingent work arrangements support lowest cost
imperatives in longer term perspectives
Productivity enhancements and increased flexibility
should far outweigh short run costs
- if companies establish track records of:
• high productivity,
• quality and
• exemplary customer service
6. Flexible Schedules
Flexible schedules contribute to lowest
cost imperatives
Flexible employees demonstrate lower
absenteeism than employee with fixed work
schedules
7. Product and Service Innovation Objective
This requires creative, open minded risk taking
employees
Companies that pursue differentiation strategies
must take a longer term focus to attain their
objectives
Both arrangements should contribute to innovations
Companies will benefit from influx of new
employees from time to time who bring fresh ideas
with them
Contingent employment should minimize problems
of groupthink, as all group members view issues
8. Flexible work schedules
Flexible work schedules promote differentiation
strategies for two reasons:
First, flexible work schedules enable employees to work
when they are at their physical or mental best
Some individuals most alert during morning hours,
others most alert during afternoon/evening hours
because of differences in biorhythms
Second, flexible work schedules allow employees to
work with fewer distractions & worries about personal
matters
Inherent flexibility of these schedules allows employees
to attend to personal matters as needed
9. Contingent Employment
Employers justify increased contingent employment
with business necessity - cost containment & flexibility
Companies are trading employee loyalty for reduced
costs and greater flexibility
Employees previously were maintaining employment
within their choice companies as long as they wished
Many employees remained with a single company for
decades at a time culminating in a retirement bash and
receipt of a ‘gold’ watch for long time service
Such companies as Ford Motor Company, General
Motors, IBM and Lincoln Electric exemplified extended
employment
10. Contingent Employment
Workers do not forget past practices that once led to job
security and sound retirement benefits
Workers may not take personal interest in companies’
performance as employment relationship becomes more
tentative
Workers will look for better and more secured employment
else where & less loyal to employers
Companies may become victim to reduced employee loyalty,
resulting in:
- heightened job insecurity among core employees
- lower control over product or service quality
- higher turnover
- compliance burdens and costs and
- greater training costs
11. Contingent Employment
First, both contingent and core workers may develop
less loyalty for their employers
Hiring contingent workers may lead core employees
to feel less secure about their status
Because staffing companies with contingent workers
generally represents a lower cost alternative to core
employees
Consequently, core employees’ loyalties may become
diminished, which can translate into lower worker
dependability and work quality
12. Contingent Employment
Second, employers can lose control over product or
service quality when they employ contingent workers
This occurs when companies engage contingent
workers on short term basis
It takes contingent workers time to learn company
specific procedures and work processes
Companies that do not employ contingent workers
long enough will not maintain sufficient control over
quality
13. Contingent Employment
Third, turnover rates among core workers will
probably increase when companies employ
contingent workers
Core employees may feel uncertain about their job
status and this uncertainty will lead to lower loyalty
Absence of job security and diminished loyalty will
increase core employees’ job search activities
most qualified core employees may receive
competitive job offers that lead to dysfunctional
turnover
14. Contingent Employment
Finally companies must bear the costs of training
contingent workers
In many cases, employing contingent workers can be
as costly as employing core workers
Savings from not offering contingent workers
discretionary benefits is offset by training costs
These costs become less significant for companies
that employ contingent workers long enough to
realize returns on the training investment through
higher productivity and work quality
15. Case
Everyone telecommutes at your firm. All work is done in
virtual teams of four. Divide up into groups of four and
respond to the following questions:
How will you organize your team?
Do you need a virtual leader?
How will you select your virtual team?
How will you hold team members
accountable?
Editor's Notes
Students will have various responses to each questions. Some type of “virtual leadership” will probably be necessary – maybe a rotating leader position. The virtual team will probably be selected much as any other team would be selected – based on skills, expertise, ability to collaborate, etc. The accountability is crucial when not face to face. They may email drafts of their work – one person circulates their draft and all edit or provide feedback, etc.