The basic agency model contends that incentives lack power and efficiency when the employee has little control over the measures on which his compensation is based, or alternatively when the employee can control certain measures of performance but those measures give a noisy indication of the value-adding efforts provided by the employee. If a division […]

An optimal scheme is one that gives the employer the highest expected profit net of compensation paid, subject to the constraint that the employee must be given compensation package attractive enough to get him to accept the job. 1 – The optimal compensation scheme for the employee will typically involve him getting more compensation the […]

Agency theory, the principal – agent model, and the economic theory of incentives are three names for the same thing: a collection of models created by economists to answer this question. We discuss the basic model in this subsection and elaborations following that. The basic model begins with the supposition that the connection between time […]

The desirability of objective/formulaic evaluation measures versus subjective/impressionistic measures hinges largely on considerations of strategy, technology, and culture. But either of these alternatives involves a number of complex considerations when it comes time to devise and implement a particular scheme. Foremost among these complex considerations are perceptions of justice: An evaluation system that is purely […]

The point of comparative performance evaluation is simple: It permits the evaluator to control for the impact of unmeasured environmental variables on tangible measures of performance. For example, instead of worrying about the optimal measure or formulas for how well a division performed in absolute, one looks at how well it performed relative to other […]

There are no doubt some occasions in which employees will believe it is fair for a supervisor to hold a particular co-worker to a lower performance standard-for instance, a colleague whose entire family was just killed in a car crash, or who lost a finger, or who has a learning disability, or who is brand […]

Quality Paper Shredding Services Organizations and business are run on information. Business transactions and even provision of services at times involves confidential information from an individual or about a corporate business. At some stage, the information that is contained in the database will lose relevance and there will be a need to dispose of the […]

Better document shredding services offer a variety of options that are aimed at the satisfaction of different office and business requirements. Even though technology is swiftly phasing out the use of paper, it is still an undeniable fact that paper use is still very vital in different sectors. It is very important even with computers […]

Some simple office tasks such as document shredding in most cases consume the productive time of employees. It is not however a good idea to let your employees destroy outdated documents in the office, especially in this modern trend and environment that we now live in. Prudent and competent business owners have resorted to a […]

The virtual assistant benefits you get when using their services are immense. Since you are not under obligation to pay them when they do not work, your expenses will be lower. There are no long term contracts when hiring, which makes them ideal for non permanent tasks. You can always get them back when these […]