In a business there will be raise and falls. Whenever there is a good business then the prices of goods come down and the consumer benefits and demand for goods increase. If the manufacturer can produce goods sufficiently then it is good but in the reverse case the prices will go up and the end user suffers. These are the situation some must do a thorough analysis and continue prevailing wage contractors.
At Present situations changed there came a regulatory board for all the payments or salaries which need to be followed by any organization. There are acts and laws formulated for employees and workers remuneration and welfare. These laws and acts are mandatory to follow for any firm.
Moral codes are written or formal rules and regulations that prescribe a persons behavior and accepted by an individual or group of individuals or a firm. These codes tend an individual working in an entity towards righteousness and trustworthiness. This increases workers morale and their confidence in executing their duties.
With reference to the ownership details and type of good exchanged of any firm it is regarded as private, public or service organization. A public organization is where government holds maximum ownership or share. All the rules and regulations are made by the government and all the pay are distributed to workers by assigners either appointed by them or they may come in a contract basis privately. There may be workers and merchants appointed for the construction purposes of different public properties like bridges, roads, dams etc. By the government.
It arranges for medical and insurance facilities and safety programs. All time good working conditions are ensured for efficiency of work and satisfaction of employees. For maintaining industrial peace and harmony good relations between employers and employees is needed. The human resources department advises and assists all other departments in developing a sense of belonging in employees.
In service sector the product is not seen physically but it is felt. The good is intangible. They provide services where actual product is not seen. Banks, hotels, hospitals, educational institutions etc. Come into service organizations. Maintenance, hygiene, nursing, teaching etc. Come into service jobs. There is a wide scope in service industry in the present world. With the growing demand for quality and customer satisfaction even in service firms there is raise in demand for nursing, teaching etc.
It is pretty interesting to experience people would have handled Difficult Situations in different manner. Indiscipline is major factor. Briefing the impact on the Production and on other employees due to his or her actions. Performance of an employee is another vital factor as well. Showing a career path or growth and encourage towards willing full work attitude.
In the past no norms were there in appointing or giving salaries. No rules and regulations are followed. There was no law for regulating the payments of workers. People in need of money would go and do labor for hours and they used to get very less salary, which is not sufficient to have one meal even for their families.
People have to continue their jobs in need of money whether monitory satisfied or not. There are instances where landlords used to appoint those village illiterates as permanent laborers for their selfish works. They even grabbed properties and lands from them.
At Present situations changed there came a regulatory board for all the payments or salaries which need to be followed by any organization. There are acts and laws formulated for employees and workers remuneration and welfare. These laws and acts are mandatory to follow for any firm.
Moral codes are written or formal rules and regulations that prescribe a persons behavior and accepted by an individual or group of individuals or a firm. These codes tend an individual working in an entity towards righteousness and trustworthiness. This increases workers morale and their confidence in executing their duties.
With reference to the ownership details and type of good exchanged of any firm it is regarded as private, public or service organization. A public organization is where government holds maximum ownership or share. All the rules and regulations are made by the government and all the pay are distributed to workers by assigners either appointed by them or they may come in a contract basis privately. There may be workers and merchants appointed for the construction purposes of different public properties like bridges, roads, dams etc. By the government.
It arranges for medical and insurance facilities and safety programs. All time good working conditions are ensured for efficiency of work and satisfaction of employees. For maintaining industrial peace and harmony good relations between employers and employees is needed. The human resources department advises and assists all other departments in developing a sense of belonging in employees.
In service sector the product is not seen physically but it is felt. The good is intangible. They provide services where actual product is not seen. Banks, hotels, hospitals, educational institutions etc. Come into service organizations. Maintenance, hygiene, nursing, teaching etc. Come into service jobs. There is a wide scope in service industry in the present world. With the growing demand for quality and customer satisfaction even in service firms there is raise in demand for nursing, teaching etc.
It is pretty interesting to experience people would have handled Difficult Situations in different manner. Indiscipline is major factor. Briefing the impact on the Production and on other employees due to his or her actions. Performance of an employee is another vital factor as well. Showing a career path or growth and encourage towards willing full work attitude.
In the past no norms were there in appointing or giving salaries. No rules and regulations are followed. There was no law for regulating the payments of workers. People in need of money would go and do labor for hours and they used to get very less salary, which is not sufficient to have one meal even for their families.
People have to continue their jobs in need of money whether monitory satisfied or not. There are instances where landlords used to appoint those village illiterates as permanent laborers for their selfish works. They even grabbed properties and lands from them.
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