Everything you need to know about the types of fringe benefits provided to employees. Fringe benefits are the programs conducted for the benefit of employees. These are offered by the employers and are not included in I their wages or salaries. Fringe benefits can make up approximately 30 % of the total remuneration of employees. These benefits are offered to [...]
This article throws light upon the five key benefits of planning in an organisation. The benefits are: 1. Planning is related to performance 2. Plans focus attention on objectives 3. Plans help eliminate uncertainties and anticipate problems 4. Plans provide guidelines for decision making 5. Plans are necessary to facilitate control. Benefit # 1. Planning is related to performance: There [...]
This article throws light upon the three key benefits of exercising control in an organisation. The benefits are: 1. Changing Circumstances 2. Compounding of Errors 3. Organisational Complexity. Benefit # 1. Changing Circumstances: In today's highly complex and turbulent environment, all business organisations must find ways of coping with change. If managers could set goals and achieve them in no [...]