Casual Articles - Business

The Entrepreneur's Prayer
As I awaken with the gift of yet another day and prepare for the tasks at hand, I offer up this most ardent prayer:I pray for continued clarity of purpose so that I may hold my vision steady and keep my focus on the needs and success of others, which in turn shall bring me my success.I pray for the wisdom to expect abundance in my life, that it surrounds me and is available for the taking and to be shameless and unapologetic upon its receipt, for I deserve abundance.I pray

itt, 2004), which are perfectly aligned with the structure and overall aim of the company.

It can be concluded from the discussion that valuable organizational objectives are served with the help of performance appraisals and organizations should use the technique by aligning the performance parameters with their overall mission and vision.

References:

Briscoe, D. & Schuler, R. (2004), “International Human Resource Management” 2nd Ed., Routledge

Dowling et al (1999), “International Human Resource Management – Managing People in a Multinational Context” 3rd Ed., International Thomson Publishing

DeVries, D.L., Morriso

A Daily Dose of Planners
We all have our schedules to keep and we are all committed in making our lives as productive as possible. And because of this need we have invented all kinds of planners and memo notebooks.No need to tell, but almost all of us need a planner. The human race has invented at least every kind of name for a planner. There’s a daily planner, a weekly planner, a monthly planner, a yearly planner, holiday planners, electronic planners, game night planners and so goes on the list.Indeed, our

Performance appraisal is one of the popular concepts among the multinational and local companies. The concept has been defined by DeVries et al., (1981) as the process which allows firms to measure and consequently evaluate an employee’s achievements and behavior over a certain period of time. The basic purpose of using performance appraisal techniques within an organization is to align the employee’s efforts with the overall objective of the firm.

There has been a widespread discussion within the academic circles as to how to define performance (Papers4you.com, 2006). Drawing upon Briscoe & Schuler (2004) performance can be viewed as a combination of several variables, such as motivation, ability, working conditions and expectations. It has been established that there are certain factors that affect employees’ performance more than others. These factors, according to Dowling et al (1999) include the compensation package; the nature of task; support from higher management; the working environment and the overall corporate culture.

There are many advantages mentioned in the literature regarding the use of performance appraisals within an organization (Papers4you.com, 2006). It has been suggested that it improves the communication between the higher to lower level management; identify areas of improvement; show employees training needs; help in promotion, retention and termination decisions; and means of managerial control (Fletcher, 1992). In order to take full advantage of the performance appraisals, the goal in designing such systems should be congruent to the overall aim and vision of the company. For instance, it is evident that there is a direct correlation between the performance of employees and their rewards as businesses do seek creation of wealth as their primary goal. Therefore one of the increasingly adopted uses of performance appraisals is to motivate employees to perform better by linking it with reward packages.

The concept and its uses can be further explained with the help of the example of Nokia. Nokia has incorporated performance appraisals in its compensation plans for its employees. The company has adopted the philosophy of pay-for-performance and therefore measuring and gauging different performance indicators of each employee is essential to the company. Nokia is an innovative firm with a global matrix structure and a typical line management configuration at the country level. Therefore the performance appraisal system called ‘Investing in People’ has been designed as 360 degree feedback and electronic briefing sessions (Pollitt, 2004), which are perfectly aligned with the structure and overall aim of the company.

References:

Briscoe, D. & Schuler, R. (2004), “International Human Resource Management” 2nd Ed., Routledge

Dowling et al (1999), “International Human Resource Management – Managing People in a Multinational Context” 3rd Ed., International Thomson Publishing

DeVries, D.L., Morrison

What Is Your Value?
Last Thursday I turned the subject of the article “The Medium vs. the Message” into a 20-minute speech, which I delivered to one of my Toastmasters clubs. At the beginning of the speech, I had everyone in the audience create a fake business card with their name and their current career listed on it. Then at the end of the speech, I had them do it again, and of course the results were different because people were thinking differently about their careers.It’s easy to fall into the trap of see

mbination of several variables, such as motivation, ability, working conditions and expectations. It has been established that there are certain factors that affect employees’ performance more than others. These factors, according to Dowling et al (1999) include the compensation package; the nature of task; support from higher management; the working environment and the overall corporate culture.

References:

Briscoe, D. & Schuler, R. (2004), “International Human Resource Management” 2nd Ed., Routledge

Dowling et al (1999), “International Human Resource Management – Managing People in a Multinational Context” 3rd Ed., International Thomson Publishing

DeVries, D.L., Morriso

Date Stamp Machines
Organizations and companies have a never-ending need to print dates on documents received by the company and on the documents being printed and processed by the company. Instead of going through the tedious process of printing the individual dates on each paper, one can use a date stamp machine to make things easy.The functioning of date stamp machines is very easy; all that has to be done is to insert the document on which the date is to be printed into the machine. These set off a trigger

identify areas of improvement; show employees training needs; help in promotion, retention and termination decisions; and means of managerial control (Fletcher, 1992). In order to take full advantage of the performance appraisals, the goal in designing such systems should be congruent to the overall aim and vision of the company. For instance, it is evident that there is a direct correlation between the performance of employees and their rewards as businesses do seek creation of wealth as their primary goal. Therefore one of the increasingly adopted uses of performance appraisals is to motivate employees to perform better by linking it with reward packages.

References:

Briscoe, D. & Schuler, R. (2004), “International Human Resource Management” 2nd Ed., Routledge

Dowling et al (1999), “International Human Resource Management – Managing People in a Multinational Context” 3rd Ed., International Thomson Publishing

DeVries, D.L., Morriso

5 Must Have Power Tools for Every Toolbox
With so many power tool options on the market today, it can be quite difficult to sort out what you truly need from what you think you need (or want). Whether you’ve been building and woodworking for dozens of years, or are a new homeowner in need of a few power tools to fill your toolbox and complete some minor repairs and projects around the house, the latest such tools can make even the most seasoned professional squirm. In order to help you sort the “needs” from the “don’t needs”, we’ve compil

rd packages.

References:

Briscoe, D. & Schuler, R. (2004), “International Human Resource Management” 2nd Ed., Routledge

Dowling et al (1999), “International Human Resource Management – Managing People in a Multinational Context” 3rd Ed., International Thomson Publishing

DeVries, D.L., Morriso

Procurement Contracts
Procurement refers to the acquisition of goods or commodities by an individual, organization, company, or institution. Most companies have a procurement process in place on a contractual basis. The majority of these contracts specify the lease and time for which these companies will work for a particular client. They are a great assistance to associations that cannot set up their own e-procurement services without delay.A procurement contract is suitable when the primary intention of the tra

itt, 2004), which are perfectly aligned with the structure and overall aim of the company.

References:

Briscoe, D. & Schuler, R. (2004), “International Human Resource Management” 2nd Ed., Routledge

Dowling et al (1999), “International Human Resource Management – Managing People in a Multinational Context” 3rd Ed., International Thomson Publishing

DeVries, D.L., Morrison, A.M., Shullman, S.L., Gerlach, M.L. (1981), “Performance Appraisal On The Line, Center for Creative Leadership”, Greensboro, NC

Fletcher, C. (1992), “Performance management: its nature and research base”, in Developing a Performance-oriented Culture (Eds), Association for Management Education and Development

Pollitt, D. (2004), “Nokia Connects HR Policy with Company Success”, Human Resource Management International Digest, Vol. 12 No. 6, p30-32

Papers For You (2006) "P/HR/244. Performance appraisal and 360 degree assessment", Available from http://www.coursework4you.co.uk/sprthrm12.htm

[22/06/2006]

Papers For You (2006) P/HR/208. Performance appraisal and employee feedback", Available from Papers4you.com [21/06/2006]

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A theme can drastically improve the effectiveness of a nonprofit annual report. Learn how to use a theme when writing an annual report.

Consumption appeared since first sales were offered. Was it a sale offer which caused consumption or vice versa?

Why do you think you need a direct hire in order to make a living? It seems that 99% of 'direct hire' job seekers are looking for security above everything else. But the truth of the matter is that over the past 2-3 years the bulk of companies in America experienced a slowdown and were forced to layoff both contract employees as well as direct employees; but when things started coming back around in 2004, guess who those same companies hired back first - the contractors!

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