HOW TO CRAFT EMPLOYMENT CONTRACTS Employment contracts are written agreements between an employer and an employee that detail the workplace duties and responsibilities of the employee and the compensation that the employer provides in return. Employment contracts typically lay out the wages, bonuses, vacations, medical leaves (including maternity/paternity), stock options […]
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HOW TO AVOID CONSTRUCTIVE DISCHARGE LAWSUITS The term “constructive discharge” describes a situation in which an employee is forced to quit a job because the employer has made working conditions intolerable. Working conditions may be considered intolerable, if, for example the employee is discriminated against or harassed, or if he […]
WHEN INDUSTRY ANALYSIS BECOMES A NECESSITY FOR SUCCESS Industry analysis is a tool that facilitates a company’s understanding of its position relative to other companies that produce similar products or services. Understanding the forces at work in the overall industry is an important component of the effective strategic planning. Industry […]
ELEMENTS OF EQUIPMENT LEASING CONTRACTS A lease is in essence an extended rental agreement wherein the owner of the equipment (the lessor) allows the user (the lessee) to operate or otherwise make use of the equipment in exchange for periodic lease payments. There are a number of reasons that companies, […]
KEYS TO FINDING A GOOD BUSINESS APPRAISER Appraisers are agents who establish the value of businesses, personal property, intellectual property (such as patents, trademarks, and copyrights), and real estate through a process known as valuation or appraisal. The demand for valuation of business enterprises has increased in the last several […]
INTERNATIONAL MARKETING International marketing takes place when a business directs its products and services towards consumers in a country other than the one in which it is located. While the overall concept of marketing is the same worldwide, the environment within which the marketing plan is implemented can be dramatically […]
KEEPING MOTIVATION HIGH Once you have successfully raised the motivation levels of your staff, it is important that they stay raised. Varying working conditions, improving management systems, and placing a high value on your employees should all be top priorities. Monitoring Motivation People want to feel good about their […]
RECOGNIZING EXCELLENCE In the achievement-led style of modern business, outstanding contributions from individuals further careers and earn rewards. Any rewards, however, must be motivational. Reward appropriately any contributions that are of genuine benefit to the organization. Emphasizing Achievement The Japanese have one of the most hierarchical societies, and respect for […]
EMPOWERING STAFF Most organizations run on rulings that are passed down to the staff from top management; this is demotivating. In contrast, delegating powers traditionally kept at the top not only motivates, but also raises everyone’s levels of performance. Encouraging Input In most cases, people are experts in their […]
KEYS TO EFFECTIVE CREATION AND MANAGEMENT OF A MULTICULTURAL WORKFORCE A multicultural work force is one wherein a company’s employees include members of a variety of ethnic, racial, religious, and gender backgrounds. Most of today’s business owners and corporate executives recognize that attention to the challenges and opportunities associated with […]
