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April 2020, usually at this time of the year, companies would be computing salary increments. The situation could not be more different. Business owners are contemplating salary cuts, layoffs and other methods of cutting costs.
This webinar addresses questions around managing Employee cost by using innovative compensation strategies. The speakers are business and HR specialists from the Engineering sector and the focus will be to learn from their experience and insights on managing a business crisis situations by controlling employee cost.
Dear students get fully solved SMU MBA WINTER 2014 assignments
Send your semester & Specialization name to our mail id :
ā help.mbaassignments@gmail.com ā
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )
FellowBuddy.com is an innovative platform that brings students together to share notes, exam papers, study guides, project reports and presentation for upcoming exams.
We connect Students who have an understanding of course material with Students who need help.
Benefits:-
# Students can catch up on notes they missed because of an absence.
# Underachievers can find peer developed notes that break down lecture and study material in a way that they can understand
# Students can earn better grades, save time and study effectively
Our Vision & Mission ā Simplifying Students Life
Our Belief ā āThe great breakthrough in your life comes when you realize it, that you can learn anything you need to learn; to accomplish any goal that you have set for yourself. This means there are no limits on what you can be, have or do.ā
Like Us - https://www.facebook.com/FellowBuddycom
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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:
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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.
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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.
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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.
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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
6. 8ā6
Staffing
the Global Organization
International staffing: Home or local?
ā¢ Expatriates (expats)
ā¢ Home-country nationals
ā¢ Third-country nationals
Offshoring
ā¢ Having local employees abroad do jobs that the firmās
domestic employees previously did in-house
Offshoring Issues
ā¢ Effective local supervisory/management structure
ā¢ Screening and required training for locals
ā¢ Local compensation policies and working conditions
8. 8ā8
Selecting
Expatriate Managers
Adaptability Screening
Ā§ļ§ Assessing the assigneeās (and spouseās)
probable success in handling the foreign transfer.
Ā§ļ§ Overseas Assignment Inventory
āA test that identifies the characteristics and attitudes international
assignment candidates should have.ā
Realistic Previews
Ā§ļ§ Cover problems to expect in the new job, as well as the
cultural benefits, problems, and idiosyncrasies of the country.
9. FIGURE 17ā2 Five Factors Important in International Assignee
Success and Their Components
I. Job Knowledge and Motivation
Managerial ability
Organizational ability
Imagination
Creativity
Administrative skills
Alertness
Responsibility
Industriousness
Initiative and energy
High motivation
Frankness
Belief in mission and job
Perseverance
II. Relational Skills
Respect
Courtesy
Display of respect
Kindness
Empathy
Nonjudgmental
Integrity
Confidence
III. Flexibility/Adaptability
Resourcefulness
Ability to deal with stress
Flexibility
Emotional stability
Willingness to change
Tolerance for ambiguity
Adaptability
Independence
Dependability
Political sensitivity
Positive self-image
IV. Extracultural Openness
Variety of outside interests
Interest in foreign cultures
Openness
Knowledge of local language(s)
Outgoingness and extraversion
Overseas experience
V. Family Situation
Adaptability of spouse and family
Spouseās positive opinion
Willingness of spouse to live abroad
Stable marriage
11. 8ā11
Inability of spouse
to adjust
Inability to cope
with overseas
responsibilities
Lack of cultural
skills
Personality of
expatriate
Personal
intentions
Family
pressures
Why Ā Expatriate Ā
Assignments Ā
Fail
13. ā¢ Work within existing local systemsā
integrate global tools into local systems
ā¢ Create a strong corporate culture
ā¢ Create a global network for system
developmentā global input is critical
ā¢ Treat local people as equal partners in
system development
ā¢ Assess common elements across
geographies
ā¢ Focus on what to measure and allow
flexibility in how to measure
ā¢ Allow for local additions beyond core
elements
ā¢ Differentiate when necessary
ā¢ Train local people to make good
decisions about which tools to use and
how to do so
ā¢ Communicate, communicate,
communicate!
ā¢ Dedicate resources for global HR efforts
ā¢ Know, or have access to someone who
knows, the legal requirements in each
country
TABLE 17ā2 Summary of Best Global HR Practices
Do . . .
ā¢ Try to do everything the same way
everywhere
ā¢ Yield to every claim that āweāre
differentāāmake them prove it
ā¢ Force a global system on local people
ā¢ Use local people just for
implementation
ā¢ Use the same tools globally, unless you
can show that they really work and
are culturally appropriate
ā¢ Ignore cultural differences
ā¢ Let technology drive your system
designāyou canāt assume every
location has the same level of
technology investment and access
ā¢ Assume that āif we build it they will
comeāāyou need to market your
tools or system and put change
management strategies in place
Donāt . . .
14. 8ā14
K E Y T E R M S
Ā§ļ§ codetermination
Ā§ļ§ expatriates (expats)
Ā§ļ§ home-country nationals
Ā§ļ§ third-country nationals
Ā§ļ§ ethnocentric
Ā§ļ§ polycentric
Ā§ļ§ geocentric
Ā§ļ§ adaptability screening
Ā§ļ§ foreign service
Ā§ļ§ premiums
Ā§ļ§ hardship allowances
Ā§ļ§ mobility premiums
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