In practice, the piece rate for a particular completed task in an industrial setting is usually set by industrial engineers, who attempt through time-and-motion studies to determine how many pieces N a standard employee, working at a standard pace, can produce in one hour. A standard hourly wage rate W for the employee will have […]
Misalignment of incentives usually comes down to a problem of workers choosing to do the \”wrong\” thing. The variations on the basic model of agency illustrate many of these problems: 1 – When workers have several tasks to perform, incentive systems have a hard time getting the balance right. Attention and effort will be given […]
When you join a multi level marketing (MLM) company, you have a distributor who will show you how to make your business successful. One of the greatest lies in the MLM business is how much you will make without any or very little effort. You certainly can make a good profit of network marketing, but […]
Are you struggling to get your multi level marketing (MLM) business to take off? Are you trying to figure out what it takes for MLM success? Wondering how all these successful people do it? You have probably joined a MLM business with a product that you sincerely believe is very good. Only now you are […]
Imagine that you are considering starting your own firm. You\’ve been contacted by a college acquaintance – a brilliant biology student-who tells you that while in graduate school she developed a procedure in the lab that she believes has considerable commercial potential. This classmate makes it clear that she has little interest in or expertise […]
The use of document shredding businesses has become increasingly popular with many companies as they are opting to outsource their shredding services instead of doing it from inside. Paper shredding services involve the tearing, into small shreds, of important documents for purposes of safety and confidentially. Every company has documents that carry very sensitive information […]
It is always nicer to come as a guest rather than an owner or worker. True in most cases people own restaurants not as much as a simple money making venture or a job but because it is a vocation something that they enjoy. Still the story is told of more than one unexpectedly and […]
General managers should be involved up to their eyeballs in setting human resources strategy and policies, adapting the strategy and policies on a divisional or regional basis (and then on a plant or facility basis), and implementing the policies by adapting them suitably to particular employees and groups. In fact, general managers should take the […]
Good and objective measures of performance are hard to come by. Giving human resources specialists a role in evaluating general managers may turn recommendations from the same specialists into something closer to \”commands,\” an outcome we would very much like to avoid. On balance, however, this is a role that can often play and a […]
The formulation of the organization\’s human resources strategy begins with basic questions concerning how employment will be structured, what corporate culture will be fostered, how careers will unfold in the organization, what sort of employees will be sought, and so forth. Within this general category of tasks we include both organization-wide human resources strategy and […]
