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Measuring employee productivity is to calculate an employee’s qualitative and quantitative work. It can be calculated on a monthly basis, yearly basis or by daily assessment. Before measuring an employee’s productivity, it is necessary to determine what are outputs to be measured. If an employer expects too much output from the employees, they will find shortcuts to achieve the expected benchmark and as a result, quality will suffer. Conversely, if less productivity is expected, the company’s overall performance will decline because of inefficient use of available resources. If a manager wants to measure employee’s productivity in the organization, he needs to know how to use certain basic software tools such as bar graph, pie chart, speadsheet etc. Now, let’s understand few methods explaining how to measure employee productivity.

Measuring Timeliness
This type of measurement is to know whether an employee is able to complete the specific task at a given period, and how much time or days he/she takes to accomplish the assigned work (for example: how long it takes for an employee to deliver a service or produce a specific product). This is an important measure to find out the overall delivery of service. Timeliness can be measured by setting up a track system in a computer, that calculates the employee’s work from the time the work was assigned to the time of completion of the work.

Building a Balanced Scorecard
Balance scorecard is one of the efficient performance measurement tools employed in industries, business organizations, government offices, etc., to monitor and process daily activities of the employees. The managers of an organization employ this strategic tool to evaluate the performance and quantity of work executed by each employee. The financial and non-financial measures and targets are some of the indicators set, that are present in the balanced scorecard.

Developing Performance Metrics
Performance metrics is one of the evaluation techniques that is used in organizations to quantify the performance of an employee. Performance metrics is developed mostly to determine the health of the ongoing project of a company. The main objective of performance metrics is to align the customer requirements with the values of the company. The process of developing performance metrics is discussed below:
•Identifying the customer requirements Read the rest of this entry »

Advantages To the Store
There are many advantages of a single purpose credit card to the issuer. Let’s look at them one by one.

1. Increased Sales: Consumers using single purpose credit cards don’t need to pay for the purchase, each time they go shopping. They only have to give their single purpose credit card and pay for the expenses made, which they can repay before the due date. These stores also offer many discount schemes, which attract consumers and increase the sales of the store.

2. Prevents Consumer Flight: Consumers are attracted to the discount schemes offered by the store. Also they get to buy goods even without paying for it. So, customers when on a cash crunch will definitely come there. Consumers get used to the buying pattern followed and become regular customers there.

3. Increased Profits: As the sale of goods increases, the revenue of the store also increases, which in turn increases the profits. Not only that, these stores also earn in the form of interest payments from the defaulting parties. This feature was not present in the traditional system of giving goods on credit.

4. Reduced Losses: As the store gets to choose the goods that a consumer can buy on credit, it can easily reduce its losses even when goods are sold on credit. For example: A store is providing its customers with a single purpose credit card to be used only on grocery items. Now the question is how much grocery is an individual going to anyway purchase for the entire month. There is a limit to the grocery products that an individual can buy and thus not a lot of the store’s money is stuck in credit. It will receive most of its repayment before the due date and if not, it will receive an additional interest from the defaulting consumer.

Advantages to the Consumer
1. Schemes and Discounts: Those using a single purpose credit card, normally receive several discounts and schemes on goods bought in a particular category, by the store. Consumers can make the most of it by spending less for the same amount of goods or by receiving free goods. Read the rest of this entry »

There are several factors contributing towards middle class squeeze. Rise in inflation is directly affecting the prices of consumer products and services. Basic requirements like food, housing, education, energy, etc., are observing significant price rise. It is getting difficult for people to manage this price rise with their income. Let’s check out the causes of middle class squeeze.

Basic Necessities

Real Estate
Home is the basic need of every individual. Rise in real estate prices lead to increased expenditure towards housing. People also find it difficult to purchase a house due to high costs of real estate, causing them to strive hard to make monetary arrangements for buying a property. Also, people owning homes tend to sell off their property to gain liquidity in order to meet basic living requirements. Statistics reveal that less number of Americans own homes now as compared to what they did during the 1970s.

Energy
Electricity, fuel and other energy products have seen a significant rise in their prices since the year 2000. The direct and indirect costs associated with rising energy prices have created much pressure on middle class people. In the year 2006, families spent $155 more on energy products as compared to what they did in 2000. This expenditure has risen even more today owing to rising inflation.

Education
Middle class families believe in education as for them, it is the only key to a secure and fulfilling life. But nowadays, the costs of education is also rising. People tend to take loans to pay college fees thus, increasing the burden of expenses.

Inflation can be termed as the rise in the price of commodities. Majority of the population is facing the problem of inflation. The price of almost every commodity has increased substantially in the recent years. Generally, inflation is termed as progressive, which implies that, the probability of reducing the rate of inflation is very less. It might sound like an exaggeration, but every major government policy is affected by the inflation, and the policy makers are trying very hard to formulate a way to tackle the increase in prices, and to keep the rate of inflation stable.

The Interrelationship
To understand the relationship between inflation and the wealth effect, it is important to understand the relation that exists between inflation and the aggregate expenditure. The total expenditures usually tend to decrease with the increase in the prices, whereas a fall in prices will increase the aggregate expenditures. This clearly indicates that, in case of inflation, the average expenditure will decrease, but statistics suggest that there has been an increase in the total expenditures, even in the times of inflation. This increase can be credited to the wealth effect. The rise in the value of the assets, creates an apparent increase in the wealth, which motivates the ‘rich’ to spend more, even though there is no significant growth in their income. Thus, if the rate of inflation is 2%, and the rise in the value of the assets of a person is 5%, the owner of the assets will eventually feel that he has made a profit, and will indulge in spending, feeling that he does not have to save now, as his wealth has increased. Moreover, if the value of the assets of a person does not rise with inflation, he begins to feel that he has become poor, and thus he would control his spending, and there will be shortage in the demand, and this in turn, will reduce the aggregate expenditures.

Manipulate Wealth Effect
The Fed has proposed loose monetary policies, which will favor the increase in the value of stocks, this will lead to the wealth effect, which will encourage the businessmen to spend on labor, thereby creating job opportunities. The employment, in turn, will help people to generate income and eventually spend on commodities. The rise in the consumption of commodities, will ultimately benefit stock values, thus forming a cycle. This will help in mobilizing the economy and assist in its growth.

One of the most important corporate trainer job description is, that the corporate trainer must have an excellent personality and communication skills. Without these abilities, it is impossible to become a corporate trainer. The corporate trainer salary depends on various factors. If you are an established corporate trainer with references and recommendations from big corporate honchos, then surely you will get good assignments and make decent money.

As a corporate trainer, you can expect varied salaries. If you are a corporate trainer with several years of work experience, then chances are there that you will be paid various other perks and benefits, besides the corporate trainer salary. For instance, for business and related work, you will be required to tour countries and visit the branches of the firm to train and coordinate training programs for the employees. The traveling expenses and accommodation cost for such corporate trainers, are payed by the firm. After years of work experience, some management experts, who became a corporate trainer, choose to open their independent consultancy firm and work as per their convenience. Read more on team building training: games and activities.

Many popular corporate trainers work on assignments and projects as per their choice. In the initial stages of the career, the corporate trainers may not earn high, however, once they prove their mettle, the organization pays them decently to provide best training to their employees. It is not that only students can pursue the course or programs of corporate training. Many management executives and managers move on to handle the responsibilities of corporate trainer, after some sessions and lectures on corporate training. Read more on corporate team building training.

The average salary of a corporate trainer is between USD 35,000 TO USD 60,000. This is the annual salary range and should not be mixed with the perks and advantages the corporate trainer gets from the firm. Now a days, there are various corporate training programs offered by elite institutions and firms for a year or six months. Even online corporate training courses are popular now a days. Big firms open a separate department in their firm for corporate training and employee management.