5.1 Identify the interested parties and 5.2 Identify the need of the Essay

5.1 Identify the interested parties and 5.2 Identify the need of the interested parties - Essay Example The construction company will require the services of workers who will mostly come from Plymouth and its surroundings. With the availability of building materials and enough labour, the casino will be completed in time (Fewings 2013). The local community will play a critical role in the process of building the casino. Firstly, it is the local community that gives consent for the construction of the casino. The community must first know that the facility will help the local economy in order for it to get a go ahead. There is a lot of labour work that is involved in the construction of the facility. The local community will provide the much-needed labor skills for the completion of the casino. Once the casino is completed, a huge percentage of employees will come from the neighbourhood. The local community is the most interested party in the construction of the facility. Many people visit casinos for various purposes. Where, traditionally, there is entertainment, people will most often enjoy their favourite drinks and food. Food and drink suppliers will be a crucial party after the building of the casino. Depending on the population of the casino, at any given time, suppliers will have to supply food and drinks occasionally. Drinks such as soft drinks and beer will be much needed because the customers will enjoy them as they follow their favourite activities. Since a majority of the people will spend most of their time in the casino, a lot of food will be needed to keep them replenished instead of them going outside and look for food. Every business requires investors who can pump in financial resources. Several business activities can be carried out inside the casino and can contribute to additional revenue. Finances from investors are very much needed to ensure that the casino will live to its expectation and help all the interested parties. Investors help to employee the locals who may be unemployed, but having

Report performance management (base pay & benefit) Essay

Report performance management (base pay & benefit) - Essay Example Performance management is a developing subject area. Not many current and up to date books are available. Journal articles are more helpful providing to the point and current research material. The material used is basically based on material printed in last five or six years. Material related to the Performance Management mostly depicts diverse direction of thinking by different practitioner and the theories stated by them. Findings: There is a big room for improvement, which is required for the company to improve its performance management process. It is also noticed from the previous research that the activities related to performance management process in the company were not synchronized with the organisational culture of the company. Limitation of the study: - There is a vast area related to the topic addressed, which needs to be researched and analyzed. The comparative study of performance management practices in different countries could also be undertaken. Practical implications: The study is a fair effort to help the individuals and the professionals attached to the field to understand the benefits attached to the right performance management process in the development of a company. Mullins (1998) defined motivation is a complex subject and is influenced by many variables. Individuals have a variety of changing, which they attempt to satisfy in a number of different ways. Motivation at work operates in two ways. First, people can motivate themselves by seeking, finding and doing work which leads them to expect that their goals will be achieved. Second, people might be motivated by management through such methods as pay, promotion and praise. These two ways can be described into two types of motivation (Armstrong, 1999): Intrinsic motivation- It can be described as the process of motivation by the work itself in so far as it satisfies people's needs or at least leads them to expect that their goals will be achieved. It is self-generated factors which influence people to behave in a particular way or to move in a particular direction. Intrinsic motivation refers to the intrinsic attractiveness of work itself (Child, 1994; Jackson & Bak, 1998; Tung, 1991). Extrinsic motivation- This includes rewards such as increased pay, praise or promotion. It is crude, easy and often effective. Money is individual basic need. As Duall (1999) said that when individuals are able to satisfy their perceived needs, they see themselves as being successful. In this view, the desire to achieve personal success is a natural phenomenon, and people are self-motivated to achieve, grow, and develop in positive ways (Greenberg, 1986a & b). Herzberg Motivator Hygiene Theory Herzberg (1966) proposes that all individuals have two sets of needs hygiene and motivator. Hygiene factor affect job dissatisfaction, these include such things as quality of supervision, pay, company policies, physical working conditions, interpersonal relations and job security. Job satisfaction appeared to be caused by motivator factors; these include promotional opportunities, opportunities for personal growth, recognition, a sense of achievement and responsibility. Most of the employees prefer to be recognized and appreciated through increment in pay