Moving away from the paper-based lengthy system of updating employees’ salaries, this year the government has decided to carry out the “Pay Fixation” process through online forms.The public servants have been told that their salaries will not be updated under the upcoming 8th pay scale unless they input their national identity (NID) card numbers in the online form.The...

Industrial sickness is defined as"an industrial company which has, at the end of any financial year, accumulated losses equal to, or exceeding, its entire net worth and has also suffered cash losses in such financial year and the financial year immediately preceding such financial year".Internal causes for sickness:1) Lack of finance; 2) Bad production policies; 3) Marketing and Sickness; 4) Inappropriate...

A project profile is a simplified description of an eventual project. In addition to defining the purpose and ownership of the project, it presents a first estimate of the activities involved and the total investment that will be required, as well as the annual operating costs and, in the case of income generating projects, the annual income.It is...

8th Pay Scale Gazette by the Peoples Republic of Bangladesh will publish after few hours. You cand download this gazette from this site after publishing the gazette. Government same Government employees are facilities in this pay scale. There is no 1st class, 2nd class, 3rd and 4th class employee’s category in this 8th pay scale gazette.  The 8th Pay...

1. Management helps in Achieving Group Goals:It arranges the factors of production, assembles & organizes the resources, integrates the resources in effective manner to achieve goals. It directs group efforts towards achievement of pre-determined goals. By defining objective of Organization clearly there would be no wastage of time, money & effort. Mgt converts disorganized resources of men, machines,...

1. Getting Maximum Results with Minimum Efforts:The main objective of management is to secure maximum outputs with minimum efforts & resources. management is basically concerned with thinking & utilizing human, material & financial resources in such a manner that would result in best combination. This combination results in reduction of various costs.2. Increasing the Efficiency of factors of...

Risk-weighted asset is a bank's assets weighted according to credit risk. Some assets, such as debentures, are assigned a higher risk than others, such as cash or government securities/bonds. Since different types of assets have different risk profiles, weighing assets based on the level of risk associated with them primarily adjusts for assets that are less risky by...

Treasury Bills issued by the government as an important tool of raising public finance and up to 1994, were of three types, although all of them were 90-day bills. Among these three types, bulk was represented by ad-hoc treasury bills issued to meet the cash balance need of the government. A second type was the 3-months treasury bills...

A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors and invests typically in investment securities (stocks, bonds, short-term money market instruments, other mutual funds, other securities, and/or commodities such as precious metals). The mutual fund will have a fund manager that trades (buys and sells) the fund's investments in...

A credit card is a small plastic card measuring about 85 mm by 54 mm bearing the name, date, computer number and specimen signature of the holder and the validity with raised letters to facilitate machine readability issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's...

Training program involves the following steps: 1. Identifying the training needs- The training needs of each employee should be identified. Programs should be developed that are best suited to their needs.2. Prepare the trainer- The trainer must do his home work well. He should know both what to teach & how to teach. Time mgt is required by the...

Authority and responsibility is not the same thing. The difference between these two is as follows:RESPONSIBILITY:Responsibility is the obligation to accomplish the goals related to the position and the organization. Managers, at no matter what level of the organization, typically have the same basic responsibilities when it comes to managing the work force: Direct employees toward objectives, oversee...

Training is generally imparted in two ways:1. On the job training- On the job training methods are those which are given to the employees within the everyday working of a concern. It is a simple and cost-effective training method. The in proficient as well as semi- proficient employees can be well trained by using such training method. The...

It is said that performance appraisal is an investment for the company which can be justified by following advantages: 1. Promotion: Performance Appraisal helps the supervisors to chalk out the promotion programs for efficient employees. In this regards, inefficient workers can be dismissed or demoted in case.2. Compensation: Performance Appraisal helps in chalking out compensation packages for employees. Merit...

Performance Appraisal is the systematic evaluation of the performance of employees and to understand the abilities of a person for further growth and development. Performance appraisal is generally done in systematic ways which are as follows: 1. The supervisors measure the pay of employees and compare it with targets and plans. 2. The supervisor analyses the factors behind work performances...

The practices, principles, policies and values of an organization form its culture. The culture of an organization decides the way employees behave amongst themselves as well as the people outside the organization.Let us understand the various types of organization culture:Normative Culture: In such a culture, the norms and procedures of the organization are predefined and the rules and...

Leadership differs from management in a sense that:1. While managers lay down the structure and delegates authority and responsibility, leaders provides direction by developing the organizational vision and communicating it to the employees and inspiring them to achieve it.2. While management includes focus on planning, organizing, staffing, directing and controlling; leadership is mainly a part of directing function...