...The processes of rewarding employees and cessation of employment at “ISKANDHAR SCHOOL” Associate Degree in Human Resource Management Maldives Business School 24th May 2014 3156 words Table of Contents Executive Summary …………………………………………….……………………..………5 Introduction …………………………………………………………….…………………...… 6 1. How to reward employees in order to motivate and retain them 1. Link between motivational theory and reward ………………………………...….7 Abraham Maslow’s motivational Theory hierarchy of needs ………7 Relationship between Motivation theory and rewards…………..…..8 Conclusion ………………………………………………………...…….9 2. Evaluate the process of job evaluation and other factors determining pay The Process of job evaluation used in Iskandhar School…………10 Conclusion …………..…………………………………………………11 Recommendation ……………………………………………..………11 3. Assess the effectiveness of reward systems in different contexts Reward System used in Iskandha School ………………….………11 Conclusion ……………………………………………………..………11 4. Methods organizations use to monitor employee performance Methods of monitoring employee performance in Iskandhar School ……12 2. Mechanisms for the cessation of employment 2.1 Reasons for cessation of employment with an organization Four reasons for cessation of employments in Iskandhar School ………14 Four reasons for cessation of employments in Maldives Customs Service ……14 2.2 Employment exit procedures used by two organizations Employment exit procedures used...
Words: 3632 - Pages: 15
...Executive Summary Europe: The aging trend in Europe is in most place they are growing older. According to the European Commission (2012) “while the population of Europe will be slightly higher in 2060 (517 million, up from 502 million in 2010), the population will be much older. While longer lives are indeed a great achievement the aging of the population also poses significant challenges for the economies”. The share of those aged 15-64 is projected to decline from 67% to 56% while those aged 65 and over is projected to rise from 17% to 30%. This will cause Europe to go from have four people of working age to each aged over 65 to a mere two people of working age (European Commission, 2012). ● “The total number of workers is projected to decline by 15.7 million over the forecast horizon to 195.6 million in 2060. ● The decline in the workforce will act as a drag on growth and per capita income, with a consequent trend decline in potential growth. The latter is estimated to converge to below 1,5% in real terms in the long-term in the EU. Moreover, the demographic changes are expected to have substantial consequences on public finances in the EU. ● On the basis of current policies, age-related public expenditures (pensions, health-care and long-term care) are projected to increase by 4.1 percentage points to around to around 29% of GDP between 2010 and 2060”. The economics of depopulation are dark. At full employment, the real GDP has a good chance of declining...
Words: 4766 - Pages: 20
...PAY) 2) Arising in the course of employment 3) Disability claim - if work relates significantly to it, onus on worker 4) Occupational Diseases 5) Mental Stress & Chronic Pain - acute reaction to sudden and unexpected event at work · 6 BENEFITS - 1) Wages on Day 2) Healthcare costs 3) Loss of Earnings - 85% of net earnings, max 175% average industrial 4)Non economic losses (NEL) - loss of enjoyment of life, younger people compensated more 5) Loss of retirement income - if 12 months loss of earnings, 5% additional goes towards retirement 6) Death and survivor benefits - spouse or childeren compensated, lump sum and counseling based on workers earnings · OBLIGATION to re-instate is until 2 yrs after injury, worker is 65, or 1 year after EE is able to work · Schedule 1 ER (90%) classified on rating, good experience pay less, bad rating pay more. Financial insentive: refund or surcharge given to good ER's · Effective Claims management: investigate injuries, file form 7 within 7 days, document minor claims, respond to Board inquiries, accomodate up to undue hardship, don't contact physician, keep medical files confidential, determine if SIEF pays, keep notes, challenge only doubtful claims · Second Injury Enhancement Fund (SIEF) ___________________ · Ch 11 Navigating Employment relationship · Employee Policy Manual: serves legal purposes, pre-established rules, consistent treating of EE's · Not Binding unless: 1. Ensure that the employment contract...
Words: 897 - Pages: 4
...Meat vs Vegetarian: the War of Strong Opinions The question whether the views of people with strong but scientifically unsupported opinions should be given prominence equal to those with compelling scientific evidence in the decades-long battle of ‘conclusive evidence’ between the Meat and the Veg camp, seems to have surfaced again in the debate. On one hand, there is always a moral choice camp for whom vegetarianism and veganism are choices of non-violence towards animals. PETA is the biggest advocate for moral vegetarianism and much alike other followers of this principle, is not too much concerned with the ultimate healthiness of the food choice, as long as it does not involve killings. “Soy sausages and “Fib Ribs to Tofurky jerky and mock lobster” that PETA is citing as its meat alternatives, do not sound too ingredient-friendly. On the other hand, people choosing vegetarian or meat diet for its health-related advantages are faced with dire straits of scientific burden of proof because health is a long-term domain of high science. ‘Compelling scientific evidence’ appears to be a strong word sequence with almost magical powers, practically an idiom, but, of course, it has to be handled carefully. In many examples of bad or ‘yellow’ journalism, the phrase “British [American, sometimes on gets Chinese for exoticism] scientists have discovered” often validates, or at least serves as modality qualifier for the stories with unchecked or altogether invented facts.’...
Words: 2781 - Pages: 12
...Running head: SENIOR CITIZENS AND ADVANCE CARE Senior Citizens and Advance Care Deborah Stokes Troy University Abstract Society in America has a growing population of senior citizens that is reaching an alarming rate and many are plagued with health issues that need moderate to immediate attention. Many of the elderly are in nursing facilities that look after the well beings of these citizens and some are in facilities that assist them in the day-to-day living. The need for advance care for these citizens consist of individuals of license and/or certification professionals such as nurses, nursing assistants, doctors, nurse practitioners, and others that looks after the well beings of these individuals to maintain a quality of life that is beneficial for the final stages of survival. Key words: senior citizens, advance care, nurses, nursing assistant, quality of life Introduction Senior citizens face an enormous amount of change in older years than in formal years of youth, because of many change that take place in the formal years of growing older, senior citizen began to prepare for the late stage of life. The elderly that are in considerable good health continue to maintain active life styles, while those that are in moderate to poor health seek aid to maintain a quality of life that will be beneficial to them. Senior citizens that find themselves in moderate to poor health or often relocated...
Words: 1108 - Pages: 5
...Imagine an elderly person with glasses perched on their nose, rocking in an old chair on their front porch. Generally, in stories this person helps guide the main character to make the right decision. Although this is stereotypical and conventional wisdom, does a person automatically assume that they have all the answers in life? Or do you think that the person who learns from work experience does? Or the person who has the highest degree? In Webster's Dictionary it states that wisdom is accumulated philosophical or scientific learning: knowledge. So, does the person with the highest degree, skilled trades career, or someone who has experienced through age truly have wisdom? Let’s start with college education. By 2020 65% of all jobs will...
Words: 550 - Pages: 3
...Barry Cameron UIN # 00728497 FIN 317 Mon 4:20 SUCESSFUL RETIREMENT PLANNING THE DESIRE TO RETIRE Everybody looks forward to the day that they no longer have to fight traffic or deal with an unappreciative boss. A time when one can focus on more meaningful things in one’s life. Spending more time with family, traveling, hobbies, volunteer work, becoming more active in the community or church; or “do nothing” as forty percent of Americans plan to do upon retiring from the work force. Without the promise of retirement, many would find it very difficult to get out of bed and head to work each morning. “Retirement is a fairly recent phenomenon. At the beginning of the nineteenth century, few people retired, because they simply could not afford to do so. As white – collar jobs replaced a predominantly agricultural economy incomes rose and people had more money with which to retire” (Cullinane and Fitzgerald, 3). People began living longer and found that they had more leisure activities from which to choose from. In the United States, the invention of social security and company pensions greatly contributed to the ability of Americans to retire from the work force. RETIREMENT PLANNING Retirement Planning is an attempt to figure out how much money you need to save each month in order to have a comfortable retirement. It is an attempt because retirement planning requires you to try to predict the future. Nobody really knows what kind of return their...
Words: 1514 - Pages: 7
...THE INTERNATIONAL UNIVERSITY, VNU-HCM SCHOOL OF BUSINESS GROUP REPORT WORKING CAPITAL SIMULATION |Course: Working Capital Management | | |Lecturer: Hoàng Thị Ánh Ngọc | | | | | | | | | | | |Group members: | | | | | | | | |Lê Thị Hương Giang – BAFNIU12101 | | | ...
Words: 3404 - Pages: 14
...EMPLOYEES’ PERCEPTION OF THE PROBLEMS AND PRACTICES OF EMPLOYEE PERFORMANCE EVALUATION: a Case study of Awash International Bank (AIB) BY: ZELALEM BAYISA GURMESSA A project paper submitted to the school of graduate studies of AAU in partial fulfillment of the requirements for the degree of Masters of Business Administration [MBA] Advisor: Dr. TILAHUN TEKLU Assistant Professor of Management Department of Management August, 2007 Addis Ababa University School of Graduate Studies MBA Program Employees’ Perception of the Problems and Practices of Employee Performance Evaluation: A Case Study of Awash International Bank (AIB) BY ZELALEM BAYISA Approval Board Committee ________________________ Chairman, Graduate Studies __________________ Research Advisor __________________ Examiner __________________ Examiner ________ Signature _________ Signature _________ Signature ________ Signature Dr. Tilahun Tek lu Assistant Professor of Management Department of Business Management Faculty of Business and Economics Addis Ababa University Addis Ababa, Ethiopia C E R T I F I C A T E This is to certify that this project work, “Employees’ Perception of the Problems and Practices of Employee Performance Evaluation: A Case Study of Awash International Bank (AIB)”, undertaken by Zelalem Bayisa for the partial fulfillment of Master’s of Business Administration [MBA] at Addis Ababa University, is an original work and not submitted earlier for any degree either at this University or any...
Words: 20034 - Pages: 81
........................................................................ ................... 18.002 Superannuation: A quick guide........................................................................................ 18.004 Contribution acceptance and deductibility table................................................................ 18.008 Contributions.................................................................................................... ................18.010 Acceptance of contributions............................................................................................. 18.015 Concessional (before-tax) contributions............................................................................ 18.020 Non-concessional (after-tax) contributions........................................................................ 18.030 Contribution caps.................................................................................................... ......... 18.040 Excess contributions tax................................................................................................... 18.050 Tax file numbers and superannuation............................................................................... 18.060 Reportable superannuation contributions.......................................................................... 18.065 Types of contributions.................................................................................................... .. 18.070 Contributions...
Words: 81667 - Pages: 327
...Marketing Strategy: ShopList Executive summary Since the early days of the internet, entrepreneurs have dreamed of moving grocery shopping online. It was welcomed by the customers but still less than 1% of those sales occur online. There is a still huge opportunity to capture the retail market through ecommerce. There were many technological advancements in the retail-industry such as same-day delivery services, specialty grocers, and meal-preparation businesses. Integration of ecommerce with the above services can drive fast growth in online groceries — much faster rate than offline. It can also have a better value proposition for users. ShopList is a mobile and application that helps user to track the groceries that have been bought and manage the grocery list easily with option of purchasing the groceries. The purchase options allow the customers to buy different groceries from different Retail stores. Through the market search we understood that the segment that is more attractive are people aged between 15 – 65, who purchases lot of groceries and also well versed with technology and online purchase. The user needs to have a smart phone to have the complete experience of the application. ShopList just need to attract 1.6M users to breakeven, which is less than the 1% of the population it is targeting. It looks like it is achievable. In the document we were still not able to explore all the revenue streams such as selling user data and preferences to interested organization...
Words: 2731 - Pages: 11
...Diversity in Workplace: A study on Multinational Clothing Retail Brands Diversity in Workplace: A study on Multinational Clothing Retail Brands Course: BUS 520 Management & Organizational Behavior Section: 3 Prepared For: Dr. Muhammad Shariat Ullah North South University Prepared by: Sarah Binte Mohiuddin ID # 1512983660 Md. Farhan Khan ID # 1512984660 Tasnim Siddiqa ID # 1430824060 Md. Salauddin ID # 1513300660 Date of Submission: 03rd August, 2015 LETTER OF TRANSMITTAL 03rd August, 2015 To Dr. Muhammad Shariat Ullah Associate Professor, Department of Management, University of Dhaka Subject: Submission of Project Report. Dear Sir, It is our great honor to submit our project report on “Diversity in Workplace: A study on Multinational Clothing Retail Brands.” In this endeavor, this report seeks to identify and analyze the diversity and its effects among employees in two clothing brands. The report contains statistical analysis and some findings and recommendations. It would be our enormous pleasure if you find this report useful and informative to have an apparent perspective on the issue. Thank you, 1. Sarah Binte Mohiuddin 2. Md. Farhan Khan 3. Nazifa Tasnim Siddiqa 4. Md. Salauddin ACKNOWLEDGEMENT ...
Words: 6113 - Pages: 25
...providing the necessary difference in health care services. Our management team boasts significant experience in this industry and is set to combine quality with reasonable prices in their performance. In order to achieve our goals, we are requesting a total amount of $280,000 to be provided in the form of a 30 year fixed interest loan. Thank you for your consideration and interest in Basic Quality Care. Please contact me with any questions you have, and I will be pleased to provide any additional information you require. If, upon completing your review, you would like to discuss this matter further, please do not hesitate to contact me at either email BQC@aol.com, phone 443-928-5373 or fax 410-515-2547. II. Summary A. Business Description Our association is named...
Words: 1366 - Pages: 6
...See information on website for revisions to key tables and graphs Contact Bryan Perry at bryan.perry001@msd.govt.nz for further information Household incomes in New Zealand: Trends in indicators of inequality and hardship 1982 to 2012 Prepared by Bryan Perry Ministry of Social Development Wellington July 2013 ISBN 978-0-478-33569-9 (Print) ISBN 978-0-478-33570-5 (Online) Changes since last report • The report is updated with findings based on the 2011-12 Household Economic Survey (referred to as the 2012 HES). • Information on poverty rates by highest household educational qualification has been added. • The international comparisons are updated with the latest available data (usually 2010 or 2011), and expanded to include the share ratio for the top decile compared with the bottom decile plus more detail on the income share of those receiving high or very high incomes. • A special section is included which upgrades and updates the New Zealand information in a recent OECD report on the impact of the Global Financial Crisis on household incomes across OECD countries. • The material hardship section (Section K) has been strengthened. Next report • The next report is scheduled for mid 2014 based on the 2012-13 HES. (The timing is dependent on the availability of the HES data.) Availability on MSD website • This report and previous ones are available on the MSD website: ...
Words: 7234 - Pages: 29
...does Ben’s age affect his decision to get an MBA? We assume that both MBA program start at the beginning of the year, now is the beginning of the year at his age of 28 and he can enroll both program now. The following summary table shows the information he can use to make the decision. Option | Dewey and Louis | Ritter College ,Wilton Univ (2 year program) | Mount Perry College (1 year program) | Tuition | / | 65000 | 80000 | Books and other supplies | / | 3000 | 4500 | Health insurance plan | / | 3000 | 3000 | Room and board expenses | / | 2000 | 2000 | Expect salary(annul) | 60000 | 110000 | 92000 | Growth rate | 3% | 4% | 3.5% | Bonus (tax free) | / | 20000 | 18000 | Average Tax rate | 26% | 31% | 29% | Discount rate | 6.5% | 6.5% | 6.5% | Based on the information above, we can find a timing that gong to the Business School is not a good deal because the net present value of future cash flows would be lower than that of staying at the current job. In addition, we assume Ben will retire at the end of 68 years old; and after T years, it will be worse for Ben to get MBA compared with continuing his current job. We will compare the NPVs of these 3 options at the beginning of (T+1) year so that we can get T. Option 1: if Ben still working at current job NPV1= Option 2: if Ben starts to get MBA in Ritter College after T years NPV2= Option 3: if Ben starts to get MBA in Bradley School after T years NPV3=...
Words: 2083 - Pages: 9
