Wages and salary administration is an integral part of the management of the organization. Wages and salary is a systematic approach to providing monetary value to employees in exchange for work performed. Among the four most important Ms, Men play a dominant role. The only way by which men can be gained, retained and satisfied is through wages and salaries. This study is made to know how the employees are graded and how they are paid wage and salaries. Wage and salary administration refers to the establishment and implementation of sound policies and practices of employee compensation. It is essentially the application of a systematic approach to the problem of ensuring that the employees are paid in a logical, equitable and fair manner. Wage and salary administration includes areas such as job evaluation, development and maintenance of wage structure, wage payments, incentives, profit sharing, wage changes and related items. It may achieve several purposes...
RESPONSIBILITY ACCOUNTING Meaning Responsibility accounting is a system of dividing an organization into similar units, each of which is to be assigned particular responsibilities. Responsibility accounting is a management control system based on the principles of delegating and locating responsibility. Responsibility accounting is a system under which managers are given decisions making authority and responsibility for each activity occurring within a specific area of the company. Under this system, managers are made responsible for the activities of segments. These segments may be called departments, branches or divisions etc. Among the control techniques “responsibility accounting” has assumed considerable significance. While the other control devices are applicable to the organization as a whole, responsibility accounting represents a method of measuring the performance of various divisions of an organization. Definition According to Charles T. Horongrent, ...
BRAND IDENTIFICATION INTRODUCTION Brand identity is a unique set of associations that the brand strategist aspires to create or maintain. These associations represent what the brand stands for and imply a promise to the customers from the organization members. These associations can include · signature tune (for example: Britania “ ting-ting-ta-ding), · trade mark colour(for example: blue colour with pepsi), · logo(for example: nike), · tagline(for example: Apple’s tagline is “think different:”. Every person has its own identity in the society. Brands like individuals have their own identity. A brand identity is all the visual elements of a business viz. name, symbols, designs, fonts, colours that together identify and distinguish a brand in customer’s mind. A brand is u...
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