For a business establishment or any organization to emerge successful, the role of IT governance cannot be ignored. This modern alternative seeks to provide better management by increasing responsibility for any business establishment in the modern world. A good organization is the one that can be able to plan various roles before implementing them. At […]
Thousands of job hunters with excellent qualifications are in search of jobs. As an employer, you would only want the best to work for you. The process of searching for the best employee has been eased by recruitment agencies whose mandate is to get you the best employees to occupy the vacancies available. Getting your […]
When you start a business, you do so because you are interested in the product you are making or selling, you do not start it to be a receptionist. However, you realize it is an important part of your business to be, or to have someone, by the phone at all times. This is where […]
Today more people, including business travelers, pleasure travelers, and adventure seekers, are using a private jet charter to reach their destination. This type of air travel is not reserved for the trending chic, sports stars, or other celebrities, but is fast becoming more main stream. Commercial flying, although a wonderful convenience, continues to come with […]
Freshening up a home with a new coat of paint can do wonders for its appearance. Not only will the residents feel great when inside the repainted home, it will also add value to it. Furthermore, if the home is to be sold in the near future, it will be appreciated by buyers, so hiring […]
For those who are new to the idea, vehicle reimbursement program refers to operating fleet of company vehicles to provide transportation services to employees and workers of any given organization. Unlike car leasing which is expensive and uneconomical business practice, a majority of businesses are getting used to reimbursement programs since they want to reduce […]
The appraisal of individual employees is almost inevitably dysfunctional. Organizational performance is improved through refinements to the overall system or process of production, which must be the focus of attention. According to this line of thought, individual performance appraisals typically divert attention from more important tasks; they focus people\’s attention on alleviating symptoms of poor […]
It would seem that allowing groups autonomously to form and break up as necessary would be nearly ideal: People would choose to be with their friends, and this would promote the efficacy of social sanctions, increase the likelihood of a cooperatively collusive equilibrium being reached, and encourage the group\’s welfare by individual members. But things […]
Incentive schemes are sometimes constructed in which rewards to the individual depend on achieving certain hurdle levels of performance. That is, compensation depends discontinuous on the achievement of some numerical goal. For example, a salesman bonus may depend on whether he surpasses some level of sales, and/or his average commission percentage may jump discontinuous as […]
Economic analysis of group incentive schemes begins with the free-rider problem: The individual member of the group bears fully the personal costs of her efforts but shares the gains from those efforts, in terms of improved performance and hence increased compensation, with members of the group. If she behaves selfishly and trades off only her […]
