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Compensation is a systematic approach to providing Monetary rewards [Extrinsic rewards] => Direct ( Salary , bonuses , Incentive ) , Indirect => ( social security , pensions , insurance , paid leaves { trainning , sick days , vacations , holiday , rest periods , Legal advice , Elder care )& Nonmonetary rewards [Intrinsic rewards] ( Job security , Status symbol , Social Rewards ) to employees in exchange for work performed. Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction Physio .Яß ( Raheel . Baig )
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Define disciplines of an agribusiness mgt?
The disciplines of agribusiness management include economics, finance, marketing, supply chain management, and strategic management. These disciplines help agribusiness managers make informed decisions regarding production, distribution, and sales of agricultural products. Additionally, agribusiness management involves understanding regulations, sustainability practices, and technology to ensure the success of agricultural operations.
What are the steps involved in a comprehensive Knowledge Management exercise?
In a typical organization-wide Knowledge Management initiative, the principal knowledge manager, be it an external consultant or an employee, undertakes the following activities working together with all members of the organization: * brief the top management and the members of the organization about the concept and practice of Knowledge Management and how it would add value to the organization; * develop a Knowledge Management strategy closely aligned with the business strategy of the organization; * conduct an extensive audit to identify the short-term and long-term business objectives of the organization, what the organization knows and wants to know, and the cultural and technological infrastructure and organizational structure of the organization through a variety of auditing tools including surveys, interviews, brainstorming sessions, facilitated workshops, focus groups and scenario planning; * analyse the data and information from the audit to define or redefine the Knowledge Management needs of the organization; * prepare a blueprint for implementing a comprehensive Knowledge Management process in the firm; * identify, set up and coach an internal team to carry out or assist in the implementation and monitoring; * implement the measures based on the analysis of the knowledge audit to promote generation, maintenance, sharing, usage and leverage of knowledge within and outside of the firm; and/or * closely monitor and constantly review the effectiveness of the Knowledge Management measures in the organization, and rectify or modify such measures as appropriate.
What is the Definition of employee relations by various authors?
Employee relations refer to the way in which employers interact with and manage their workforce. Various authors define employee relations as the management of the relationship between employers and employees, focusing on communication, conflict resolution, and fostering a positive work environment. It encompasses activities such as handling grievances, promoting employee engagement, and ensuring fair treatment of all workers within an organization.
What does it mean to identify define and explian mean?
Identify means to recognize or point out something. Define means to clearly state the precise meaning of something. Explain means to provide details or reasoning to make something clear or understandable.
How do you draw an Er diagram on school management system?
An ER diagram of a library database management system helps to keep all aspects of running a library organized. The diagram should include the books and publishers, as well as members of the library and who has checked out which books.
How do you define placement management?
How do you define placement management?"
What is the definition of the 7 m's of management. Define each?
what is the definition of the 7 M's of management. define each?
Define multinational management?
what is multinational financial management?
Define international management?
Define international management ? Bring out its benefits Price discrimination is indistinguishable from dumping? Discuss
What is meant by forcasting in management?
define forcasting in production management
Define public financial management?
what is financial Management reporting
What is forcasting meant in management?
define forcasting in production management
Define the meaning of a deferred compensation plan?
The phrase "deferred compensation plan" is defined to mean a compensation package in which the recipient will receive the funds at at future date. Examples include pensions and retirement plans.
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting?
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting
Definition of Public finance Management Act?
define public finance management
Define management and contrast the nature of management in 1service and production industries 2private and public sector organizations?
Define management and contrast the nature of management in (i) service and production industries; (ii) private and public sector organization.
What assumptions define participative management?
The assumptions that define participative management is involvement of all workers. This means that even employees will give the ideas on how to run a firm.
