Day: February 11, 2022

FACTORS AFFECTING EMPLOYEE SATISFACTION WITH REWARD SYSTEMS The degree to which one is satisfied with the reward system is related to the following: – Fairness Expectation and value Internal comparisons External comparisons Self evaluation Total reward package a) Fairness Is Read More …

REWARD POLICY A policy is a guideline that helps managers make day-to-day decisions. Reward policy is an organizations’ statement on the implementation of reward management and strategies required, to achieve the reward policy. A reward policy is a broad expression Read More …

A public private partnership (3Ps) is a government and one or more private sector companies. 3Ps involves a contract between public sector authority and a private party provides a public service or project and assumes substantial financial, technical and operational Read More …

Third sector procurement is defined as procurement by non-governmental organizations which are value-driven and which principally re-invest their surpluses to further social, environmental or cultural objectives. It includes voluntary and community organizations, charities, social enterprises, cooperatives etc. Third sector organizations Read More …

Private sector procurement, on the other hand, is the process of acquiring goods and services to satisfy the needs of a particular private entity (usually a business, for profit or not). These are goods and services needed for (i) the Read More …

Public sector procurement is the process of acquiring goods and services for the operation of government and to provide public services. It is carried out within a specific legal framework based on certain principles aimed at making the fulfillment of Read More …

Risk 1: Requirements Inflation As the project progresses more and more features that were not identified at the beginning of the project emerge that threaten estimates and timelines. Solution: Constant involvement of customers and developers. Risk 2: Employee Turnover Key Read More …

LYSONS has suggested the following reasons for the importance of purchasing staff being knowledgeable about specifications: The primary purpose of purchasing is to contribute to the profitability of an undertaking by obtaining better quality products or services in terms of Read More …

After agreement about what information will be included in the specification and an appropriate structure, it must be formatted into a useable specification. There is a range of information that can be included in a specification. Including particular topics will Read More …