Management Journal for Advanced Research
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Effects of Monetary and Non-Monetary Incentives on Employee’s Performance
Get PDFThis paper first focuses on the distinction between monetary and non-monetary incentives, and examine whether incentives enhance employee’s performance and identify the most effective incentive to motivate and improve employee’s performance. Before discussing the awards and perks offered to employees by companies, it is necessary to understand the importance of motivation in the workplace. Employee motivation is a major factor in organizational growth. Managers at all organizational levels concentrate on employee motivation through a variety of rewarding strategies, including monetary and non-monetary rewards. Monetary incentives are easy to understand and consist of measurable financial benefits. Non-monetary incentives may take the shape of material gifts or opportunities that may also have some monetary value. In addition, incentive programs are a key component of improving staff productivity. According to data, incentives are valuable since they can encourage up to 66% of employees to stay at their firm and boost employee performance by 44%
Impact of Poor Claim Settlement on the Demand for Insurance
Get PDFInsurance is a dynamic world with cut-throat competition among the insurers. Each insurer is constantly trying to get more customers to buy their products while trying to keep their costs to a minimum. However, since there is no singular factor that affects the demand for insurance in a country, a major factor that the insurers have control over is the claim settlement ratio. With better and faster claim settlement, it is assumed that customers will be more satisfied and thus more likely to buy and recommend the insurance products, thus boosting the sales of the insurers. This study aims to find the connection between these two factors to identify the relationship between them and to suggest changes that the insurers can implement to improve the demand for their product, through analysis using means such as Chi-Square and Regression
Socio-Economic Situations of Migrant Brick-Kilns Industrial Workers in Cuddalore District, Tamilnadu
Get PDFBackground: India is the second largest brick producing country after China accounting for more than 15 per cent of global production. Approximately one lakh brick kilns are operating in India which employs more than four million workers. Most of the workers are migrants who belong to economically backward and underdeveloped regions of the country and normally hail from poor economic class and are mostly illiterate. Brick industry is one of the unorganized industrial sector and migrant brick kiln workers are not benefitted with adequate wage and medical facilities. In this context this paper addresses the “Socio-Economic Situations of Migrant Brick-kiln Industrial Workers in Cuddalore District of Tamilnadu”. Data and Method: The study uses the data from primary and secondary sources. The primary data of 120 samples collected from Keerapalayam Block, Cuddalore District of Tamilnadu. The brick kiln industrial works were scattered in Cuddalore district and more number of migrant workers engaged in brick industrial works particularly in Keerapalayam Block. So, the area of the study of the present research work was restricted to the keerapalayam block and this study focused only on migrant workers engaged in brick-kiln industry. Conclusion: Creation of employment opportunities and other essential facilities in the place of origin will help stopping migration and save family life value. The study may be suggested that the migrant brick-kiln industrial workers may be provided equal opportunities for their overall upliftment including education and career development of their children with the help of available and innovative workers welfare policies
A Study of the Effect of Covid-19 on Tax Administration in Zambia
Get PDFThe objective of this study was to assess the effects of the Covid-19 pandemic on tax administration in Zambia. The study focused on the operations of Zambia Revenue Authority during the pandemic. The data collected consisted of tax statistics obtained from ZRA research and policy department. Descriptive statistics were used to analyze the data collected. The results showed that the Covid-19 pandemic had a devasting impact on revenue collections and tax compliance to some extent. The number of taxpayer registrations and returns filed reduced during the pandemic year. One positive impact that the pandemic had on tax administration is the increase of e-services adoption during the pandemic, the revenue authority recorded highest online user sign-ups during the pandemic in comparison to years prior and after the pandemic. The Covid-19 pandemic did gauge the authority’s level of resilience in response to national health crisis. Based on the findings and the conclusions drawn from this study, the research recommends that ZRA formulates strategies that will better handle such a crisis in the future. Strategies that the organization could formulate are ways of taxing the digital economy, the Covid-19 pandemic brought about new modes of doing business mostly through online platforms. Zambia Revenue Authority should therefore foster ways of collecting revenues generated through the digital economy
Factors Influencing Employers’ Reluctance to Hire Differently Abled People in Lusaka’s Selected Private Companies
Get PDFThe exclusion of persons with disabilities from economic activities does not only impact negatively the individuals and their families but also the entire nation. As such, it is essential to ensure that all persons, including persons with disabilities, have equal opportunities to become productive and contributing members of their societies to ensure poverty reduction and equitable development. The study aimed to investigate attributive factors to employers’ reluctance to hire differently-abled people in selected private companies in Lusaka. Specific objectives were: to investigate factors attributed to employers’ reluctance to hire persons with disability and to investigate the challenges persons with disabilities encounter when searching for employment. A mixed-method study design was adopted. The study had a total sample size of one-hundred and sixty-three (163). This included one hundred and nineteen (119) employers from the private sector, thirty-five (35) persons with disability, and nine (9) actors/representatives for various associations. Simple random and snowball sampling techniques were used to select 119 employers. Non-probability sampling techniques: convenience and judgment were used to select 35 persons with disability and nine actors. Mixed questions questionnaires were administered to employers; semi-structured interviews were held with actors and five focus group discussions were conducted with differently-abled people. Additionally, data was analyzed using Microsoft Excel and through the identification of common themes and codes. Findings of the research show that employers cited high job demands, lack of employable skills, and unawareness of the law among others to be factors influencing their reluctance to hire persons with disabilities. On the other hand, differently abled persons mentioned negative attitudes, inaccessible physical buildings, lack of formal qualifications or skills, weak laws and lack of support from family members as major barriers they encounter when searching for employment. Recommendations given are: Bridge the disconnection, intensify awareness campaigns, and highlight success stories
Factors Affecting the Tourism Sector in India
Get PDFTourism is one of the most important revenue-earning industries in the Indian economy. The number of tourist inflow, both domestic and foreign, has been increasing over the years. Different social and economic factors directly influence this tourist inflow. The maximum inflow of tourists helps to develop the economy of any state in India. This paper shows the relationship of those factors to the development of tourism in India. Development of tourism flourishes in the states with rich socio-economic factors than the states with underdevelopment factors
A Nationwide Comparative Study on Financial Inclusion through PMJDY
Get PDFPurpose - Financial inclusion refers to the provision of affordable financial products and services to all members of society without any discrimination. ‘Pradhan Mantri Jan-Dhan Yojana’ is a government scheme to provide a zero-balance account to every citizen in India.
Methodology- This study creates a financial inclusion index based on three dimensions: banking penetration, disbursement, and services. And distributed states as per their index score in three levels: high, middle, and low. There is a continuum from 0 (no inclusion) to 1 (complete inclusion).
Findings- The study finds that six out of 37 states showed high progress in financial inclusion, 14 came under the middle level, and 17 went to the low level. Chhattisgarh scored high on in index, while Puducherry had the lowest score.
Originality- This study will help the policymakers and regulators make the structural framework for low-inclusion states. This study may be unique in the field of evaluating the effectiveness of the PMJDY plan in states as per targeted population
Role of Retail Sector in Formation of Atmanirbhar Bharat
Get PDFAfter agriculture sector in India retail sector employes most people at 8% of total employment and 10% of total GDP comes from retail sector. India is ranked 73 in the United Nations Conference on Trade and Development\u27s Business-to-Consumer (B2C) E-commerce Index 2019. India is also the world’s fifth-largest global destination in the retail space and ranked 63 in World Bank’s Doing Business 2020.
The Indian retail sector is one of the most exciting and under penetrated markets in the world and because of rapid urbanization and changing consumption patterns; India has witnessed a revolution in the last two decades. The entry of the leading corporate houses into retail created a surge of growth in the industry. India tops in the list of emerging market for global retailer and India’s retail sector is expanding and modernizing rapidly in line with India’s economic growth projections for the future. The Indian retail market is estimated to be worth more than US$ 500 billion currently
An Empirical Growth Study of the Char Dham Yatra
Get PDFThe Peak of the Garhwal Himalaya of the world is well-known for its assorted landscapes, highly sacred pilgrimages, river valleys, mesmerising scenic beauty, and lash green forest cover. Pilgrimage tourism is a key font of socio-economic enlargement of Uttarakhand state. Pilgrimage tourism generates about 40 per cent of the total revenue of the state. It is evident that, though pilgrimage tourism has a route to positive effect through revenue generation, it has another side of the coin: environmental degradation. Pilgrims are the key of financial resources as well as job opportunities. The Char Dham yatra is a spiritual journey made by Hindus to four sacred sites located in the Garhwal Himalayas. This pilgrimage yatra is a clockwise direction tour starting from Yamunotri and ending at Badrinath and it starts from the holy town of Haridwar. It is the largest pilgrimage circuit in Uttarakhand state. This paper focuses on the tourists’ satisfaction survey, popularly known as sentiment analysis in the Char Dham yatra. Here, we have discussed neglected, preventive and corrective measures for these pilgrim sites. We have collected the reviews given by the tourists about their perception in the Char Dham Yatra from a popular tour operator entrepreneur named “Trip Advisor”. The paper also assesses the health care issues of pilgrims in India through the Char Dham religious circuit
Factors Influencing Jewellery Buying Decisions and Alignment with Jewellers’ Perception
Get PDFThe study investigates the factors influencing jewellery buying decisions among consumers in Kolkata and examines the alignment between consumer preferences and jewellers\u27 perceptions. Primary data was collected through self-administered and manually administered questionnaires from 120 customers and 50 jewellers in Kolkata. The research employs descriptive statistics, hypothesis testing, and correlation analysis to analyze the data. The findings reveal significant differences in jewellery buying preferences based on gender, age, marital status, and income levels. Male respondents are more likely to wear gemstones and pay a premium for branded jewellery, while female respondents show a higher preference for online purchases. Younger consumers prioritize design and brand, whereas mid-aged consumers view jewellery as an investment. Married respondents prioritize jewellery for investment and festivals, whereas unmarried respondents focus on gifting. Higher-income individuals tend to buy jewellery for daily wear and are influenced by advertisements and peer reviews. The study also highlights discrepancies between consumer preferences and jewellers\u27 perceptions. Jewellers overestimate the importance of gold prices and advertisements while underestimating the significance of outlet location and festivals in consumer decision-making. The research provides valuable insights for jewellery businesses to align their strategies with consumer preferences, emphasizing the importance of personalized services, strategic location choices, and targeted marketing efforts