Category: Reward and Benefit

Reward

F.o

                  Let us now consider briefly the basics of reward management. What is a reward a reward may be anything tangible or intangible that an organisation provides to its employees either intentionally or unintentionally in exchange for the employees potential or actual work contribution and to which employees as individuals attach a positive value as a satisfier of certain self-defined needs. On this definition rewards can be seen as including not only financial rewards i.e. pay remuneration or compensation but also rewards of a beneficial non-financial nature. Such a broad definition means Read more

Music

F.o

                 What is music its ? what comes out of the speakers when we play a cd on our stereo. Its what we hear on the radio. Music is singers singing and musicians playing. music is a sound that we enjoy hearing. iIs this a proper answer to the question what is music if i asked what is a car you could answer by pointing at a large object moving up the street and saying its one of those. But this may not be a satisfactory answer. A full explanation of what a car is would mention petrol internal combustion engines Read more

Dance

F.o

          What do we see when we see dance what do we feel when we dance who are we when we are part of an enactment of dance the phenomenon of dance brings to the fore key ideas about the nature of human meaning-making the role of our fundamentally corporeal actions in the world and the foundational aspects of our experiences. Dance i contend holds immense promise as an object for study as well as a subject of study that is a source of insight in itself shedding light on life movement and meaning. In investigating Read more

Benefit

F.o

          A number of factors have contributed to employer provision of non-mandatory benefits such as health insurance and pension plans. These include self interest of the decision makers union bargaining tax advantages provided to companies by the federalgovernment for offering certain bene ts the need to be competitive and retain employees and union avoidance. The logic underlying employer strategies to voluntarily provide benefits suggests that benefit to offering share associated with employee benefit satisfaction which in turn is associated with attitudes and behaviors that serve the employers interests harris fink 1994 the implied process based on social exchange Read more

MBO

F.o

The opportunity for an MBO/MBI may arise in a number of ways. A group may decide to sell a business because it has become non-core. A company may find itself in difficulties and need to sell all or part of the business. The owner of a private company wishes to retire. A receiver or administrator may sell a business as a going concern. A board may elect to leave the public arena (P2P). Changes in a management team, or a venture capitalist’s desire to exit, may generate a secondary MBO/MBI. As explained earlier, the main source of MBOs/MBIs is private Read more

Compensation

F.o

  IT STARTS WITH A MISSION STATEMENT                Modern’s mission statement is printed on a laminated card. The card is carried by every employee. The CEO promotes the mission at every new employee orientation. The mission statement reads: Our objective is to satisfy our customers by exceeding their expectations. We focus on equipment sales, service and rentals, specializing in material handling, construction, and maintenance products. We accomplish our objectives while maintaining high employee morale, revenue growth, and return on investment.  The card also describes Modern’s basic beliefs: Outstanding customer service in everything we do Read more