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PhD, NET(UGC), MBA (Finance), M.com (Finance), B.COM (professional), B.Ed (Commerce + English), DIM, PGDIM, PGDIFM, NIIT Accounting package...

Wednesday, May 20, 2020

REMUNERATION OF PERSONALS

REMUNERATION OF PERSONALS

#Every individual joins the organization with the main aim of earning his bread and butter.

#The wages or salary which he earns for his work helps him to fulfill the basic and other needs of life.

#The wages or salary must be in equality with the work done by him so that he gets satisfied and can perform better.

#Fayol is of the view that each employee must get fair remuneration so that the employee as well as the owner gets the same amount of satisfaction.

#The remuneration system must be such which provides for the adequate remuneration to the employees, motivates the employee to perform better, and may ensure safety & security, raise standard of living of the employees.

#A fair wage system is one that guarantees equality between the work done and the payment received. Such a system satisfies the owner in terms of the work completed by an individual employee and satisfies the employee in terms of payment received by him.

#This creates a healthy organizational environment and relation between the management and the employees.


Positive impacts of this principle:

  •  It creates good relation between workers and management;
  • Employees get motivated;
  •  It declines the labor turnover rate;
  •  Employees feel satisfied with their wages and thus contribute their best effort;
  •   It raises the standard of living of the employees; and
  •  It develops the society indirectly.

Consequences of violation of this principle:

  •   Employee’s efficiency decreases;
  •  Conflict between management and employees;
  •   Labor turnover rate will be more;
  •   The immediate result is incomplete work; and
  •  Hard to achieve organizational objective.

For more visit Management diary

Tuesday, May 19, 2020

SUBORDINATION OF INDIVIDUAL INTEREST TO GENERAL INTEREST

SUBORDINATION OF INDIVIDUAL INTEREST TO GENERAL INTEREST

#This principle states that general interest is superior to the individual interest.

#the manager must try to integrate the individual goal with the organizational goal in such a manner so that both the objectives are accomplished with efficiency and effectiveness. 

#The manager directs the employees in such a manner that they work for their objective and ultimately the organizational objective is achieved.

#Each and every individual joins the organization with certain expectations and objective. And everyone works to achieve his objective. If the objectives of the individual employee is in the direction of the achievement of the overall organizational objective then there is no problem, but where the employee has an objective which drives him in the opposite direction from that of the organizational objective, the manager must try to reconcile the goals of both, the individual with the organization so as to achieve the objectives.

#The manager must try to achieve the organizational objective in such a manner that the individual objectives are also achieved.

#All this leads to satisfaction among the employees which helps to maintain a cordial relation among the employees and the management. This also facilitates to increase the efficiency of the employees, and leads to harmony in the organization.


Positive impacts of this principle:

Ø  Achievement of organizational objective;
Ø  Coordination between individual and organizational goal;
Ø  Harmony in the organization;
Ø  Increases employee’s respect for the organization.


Consequences of violation of this principle:

Ø  Difficulty in achievement of organizational goal;
Ø  Conflicting situations in the organization;
Ø  Wastage of efforts, time and resources; and
Ø  Delay in work.

UNITY OF DIRECTION

UNITY OF DIRECTION

#This principle states ‘One Head One Plan’. It means that all the employees having same objective must be directed towards the achievement of the common goal and thus must have one head and one plan.

#This principle makes it necessary that there should be unity of action.

#The application of this principle helps in establishing co-ordination and uniformity in the activities as well as in the organization.

# It also reduces the duplication of activities in the organization and thus helps in minimizing the wastage of resources.

#This principle is often confused with the principle of ‘Unity of Command’ as both sound the same. But the difference between them is quite clear as ‘Unity of command’ is concerned with taking command from one boss whereas the principle of ‘Unity of Direction’ is concerned with the direction of the efforts of the employees of one division towards the achievement of the objectives of that division.


Positive impacts of this principle:

Ø  Efficient achievement of organizational objective;
Ø  Better coordination among the employees;
Ø  Efforts of employees are directed in a better way; and
Ø  Systematic working environment is developed in the organization.


Consequences of violation of this principle:

Ø  Decrease in organizational efficiency;
Ø  Lack of coordination;
Ø  Wastage of resources;
Ø  Difficulty in achievement of organizational objective; and
Ø  Duplication of activities. 

Wednesday, May 6, 2020

Division of work

The principle of ‘Division of Work’ means to divide a given activity or work into small pieces or parts so that each part is handled with great ease and efficiency.

This principle states that every work should be divided into the smallest possible part and each such part is to be performed by an individual person (laborer). Instead of assigning the whole work to an individual, it’s better to assign one task to one person. Before assigning the task to anyone it must be assured that he posses the required knowledge, skill, capability and will to perform the task effectively and efficiently. If the same task is performed by a person again and again he gains specialization in that task and can perform with greater ease and minimizes wastage of resources and time.


Fayol has emphasized on this issue because specialization and minimization of wastage is a key to success for each and every organization. He was of the view that every work should be divided into the smallest possible part and then is to be assigned to an individual to gain success and specialization. This principle also guarantees specialization, efficiency and maximum production with minimum time and least efforts.

Positive impacts of this principle:
Ø Specialization,
Ø Minimization of wastage,
Ø Improved efficiency.


Consequences of violation of this principle:
Ø Overburden on a single employee,
Ø Conflicting situations,
Ø Wastage of time and resources,
Ø Chaos and confusion.

For more

https://mgtdiary.blogspot.com/2012/08/principle-division-of-work.html?m=1

PRINCIPLES OF MANAGEMENT

BUSINESS ENVIRONMENT

HOW TO MAKE THE CHILDREN/STUDENTS STRESS FREE DURING THE OUTBREAK OF CORONA VIRUS DISEASE

HENRI FAYOL'S PRINCIPLES OF MANAGEMENT

Monday, May 4, 2020

How to make the children/students Stress Free during the Outbreak of Corona virus Disease


How to make the children/students Stress Free during the Outbreak of Corona virus Disease
The outbreak of corona virus disease 2020 (COVID-19) may be stressful for people especially for Students/Children. Fear and anxiety about a disease can be overwhelming and cause strong emotions. Coping with stress will make our community, the people we care about, and us stronger. Students/children respond to stress differently. Some common changes in their behavior are like irritation, worry or sadness, unhealthy eating or sleeping habits, avoidance of activities enjoyed in the past, headaches or body pain etc. This stress affects children academic success as well as health.
ACADEMIC
Ø  Curricular
As the COVID-19 continues to spread, many school/colleges around the globe are shifting to online learning in an effort to slowdown the spread of the disease. Students are provided with e-contents, which is of two types i.e. Assembled e-contents and Created e-contents. Assembled E-Contents means assembled from several resources and books with due care.  On the another hand Created E-Content is that form which is developed by author based on various sources, as well as his/her own work. Various forms of contents are text, picture, sound, video, animation, simulation and presentations. It may Video classroom, Virtual classroom, E-lessons, online discussion, Mobile learning.
Ø  Non-curricular
To cope with the problem of students stress, teachers may start some online co-curricular practice/activities with students. For example
Fine Arts
·         Drawing
·         Collage making
·         Poster making
·         Card making
·         Paint on old Dias
General Knowledge
·         Brainstorming
·         Debate
·         Quiz
·         Poetry
Music
·         Audio clip on topic
·         Dance Video on topic
Fashion Designing
·         New look from recycling clothes
·         Embroidery on jeans
·         Dying fabric
·         Sewing from waste
·         Making rugs

Environment
·         Plant in useless bottles
·         Kitchen gardening in ports
·         Model building with waste
Beauty
·         Nail art competition
·         Eyeliner completion
·         Hair style completion

There are some special things which are required to consider while online learning as well as activities. These ideas from educators from around the world, many of whom have already been teaching during corona virus lock-down are
1.      Consider digital reach and infrastructure unequal capacity-This is the major hurdle in preparation for online learning. Many out of us do not have smart devices to use. Most families don't have one computer per person. During the country lock-down, parents may also be working from home, meaning several people could be competing for one or two computers. Therefore, make sure all online apps work lock down on mobile devices in case a laptop is not available. Non-availability of internet/network connectivity and its regular recharge should also require considering. 
2.      Practice- Teachers should train themselves and their students on the apps and technology tools they may need to use in the event of lock-down. Must consider many of the skills learned during the online learning period will be equally beneficial in a regular classroom. Need is to continue same after the breakout of this period.
3.      Provide clear guidelines to staff and parents-During a lock-down, communication between administrators, staff, parents and students is more important than ever. The channels of communication need to be frequent and clear. There should be step by step detailed information of how the college will operate during a lockdown so staff and parents are on the same page/platform it may be a whats app group. It also includes where to find the daily assignments; a list of sites and tools the students will need, how to log in and what to do if the technology doesn’t work etc. Next, prepare a step-by-step guide on how to access and use online learning tools and curriculum. Make sure this information is in various formats including video and text and include screenshots and screen-casting tutorials.
4.      Establish daily schedules-Guidelines should be clear about when teachers and students need to be logged on. A full day in front of a screen is a lot for kids and teachers, especially for families who may be sharing one device. Many schools are choosing two check-in times – a morning meeting and an afternoon check-in – and then allowing families flexibility about how they organize the schedule.
5.      Provide robust learning-it is tempting for teachers to upload Quality E-contents for students otherwise students will suffer. Following things must consider:
o   It should be as per objectives of curriculum,
o   Clear expectation
o   Break learning into smaller chunks,
o   Immediate  feedback through online knowledge checks,
o   Comments on collaborative documents and
o   Chat to keep students motivated and moving forward,
o   Include virtual meetings, live chats or video tutorials to maintain a human connection.
o   Others.
6.      While it may seem fun to work from home, it can be challenging to keep to a regular schedule. Following things that can help include
o   Take regular breaks.
o   Making time to exercise.
o   Keep to a regular sleep schedule.
o   Limit distractions when possible (turn off social media notifications, for example).
o   Set daily and weekly goals.
o   Make time to socialize, even if it’s virtually.
7.      Choose the right tools and stick with them-There is variety of technology tools, many free, are available to help. With so much out there, it can be tempting to try to use everything. Instead, limit the number of tools, apps and platforms so students and their parents are not overwhelmed. Videoconferencing will take you and your students into each other's homes so it's important to consider privacy. Even consider the privacy issues of each and every technology tool.
NON-ACADEMIC
There are strategies and methods that can be utilize our daily time. Some methods/strategies to cope up with this problem are:
FITNESS
·         Exercise
·         Healthy food to eat
·         Yoga
·         Meditation
·         Practice Dance
·         Rest
·         Walk on Terrace
·         Play Games



FAMILY
·         Recall Memories
·         Play Games with family
·         Watch Music
·         Create Music
·         Cook
·         Clean and Organize
·         Re-arrange household items
·         Share knowledge and Experiences
·         Gardening
·         Pamper Pets
SELF
·         Think about your future
·         Create new fashion look
·         Reconnect with old friends
·         Explore artistic in you
·         Create (blogs)
·         Update your online profile
·         Read book
·         Online study time

The protection of students/children is very important. Precautions are necessary to prevent the potential spread of COVID-19 in school/colleges. It is important to remember that COVID-19 does not differentiate between borders, ethnicity, disability status, age or gender. Education settings should continue to be welcoming, respectful, inclusive, and supportive environments to all. It is requested to follow following instructions/checklist to for healthy INDIA.
Checklist for parents
ü  Monitor your child’s health.
ü  Teach and model good hygiene practices.
a.       Wash your hands with soap and safe water frequently.
b.      If soap and water are not readily available, use an alcohol-based hand sanitizer with at least 60% alcohol.
c.       Ensure that safe drinking water is available and toilets or latrines are clean.
d.      Ensure waste is safely collected, stored and disposed of.
e.       Cough and sneeze into a tissue or your elbow and avoid touching your face, eyes, mouth, nose
ü  Encourage your children to ask questions and express their feelings with you and their teachers.
ü  Prevent stigma by using facts and reminding students to be considerate of one another.
ü  Coordinate with the colleges/schools to receive information and ask how you can support them in safety efforts (though parent-teacher committees etc.)
Checklist for students and children
ü  In a situation, it is normal to feel sad, worried, confused, scared or angry. Know that you are not alone and talk to someone you trust, like your parent or teachers
ü  Ask questions, educate yourself and get information from reliable sources.
ü  Protect yourself and others. Wash your hands frequently
ü  Tell your parents, another family member, or a caregiver if you feel sick, and ask to stay home.
ü  Be a leader in keeping yourself, your education institute, family and community healthy.
o   Share what you learn about preventing disease with your family and friends, especially with younger children.
o   Avoid sharing fake news, whats app and facebook messages.
o   Model good practices such as sneezing or coughing into your elbow and washing your hands, especially for younger family members.

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