Month: January 2022

Job satisfaction is an employee’s general attitude towards his/her job. An organizational reward system often has a significant impact on the level of employee job satisfaction. The manner in which the extrinsic rewards are dispersed can affect the intrinsic rewards Read More …

Selection of the rewards to be offered is critical if the reward system is to function effectively. Although pay is a very significant reward, the reward system should be viewed as wider than pay to include such things as office Read More …

Organisational rewards include all types of rewards, both intrinsic and extrinsic, which are received as a result of employment by the organization. Intrinsic rewards are internal to the individual and are normally derived from involvement in the job. Examples are Read More …

The equity theory of motivation holds that employees have a strong need to maintain a balance between what they perceive and their inputs to their jobs and what they receive form their jobs in form of rewards. Employees who perceive Read More …

Employee motivation is closely related to the types of rewards offered and their method of disbursement while debate exists over the motivational aspect of pay, there is little doubt that inadequate pay can have a very negative impact on an Read More …

Certain policies must be formulated before a successful compensation system can be developed and implemented. These policies are strongly influenced by the organizations objectives and its environment. Compensation policies must deal with the following issues: Minimum and maximum levels of Read More …

Compensation refers to all the extrinsic rewards employees receive in exchange for their work. Compensation is usually composed of base wage or salary plus any accompanying bonuses and benefits. Base wage or salary is the hourly, weekly or monthly payment Read More …

Generally speaking, hire-purchase agreement means an agreement under which goods are let on hire and under which the hirer has an option to purchase them in accordance with the terms of the agreement and includes an agreement under which:  possession Read More …

There are many problems involved in any hotel audit, some of which are peculiar to the hotel industry such as control of cash assume greater proportions. Almost all sales points in a hotel make both cash and credit sales. The Read More …

The special steps involved in its audit are stated below : (1) Verify that entrance to the cinema-hall during show is only through printed tickets;  that they are serially numbered and bound into books;  that the number of tickets issued Read More …