This article is about active income and passive income of my family. When it comes to earning money, my family has quite stable income these years.
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Excess capacity exists when the current levels of demand for a business’s products are less than the full production capacity of a business.
Productivity is a relative measure of how efficiently the inputs are changed into output - the ratio of outputs to inputs in a production process.
I understand that you are interested in learning about my family's income and spending. I can offer you some general information and resources that may be helpful.
Capacity in business is the maximum output that a business can produce in a given period with the available resources within an organization.
The quality and effectiveness of management are important determinants of operational efficiency of a business organization.
Efficiency means productivity. It is about the management of resources, using machinery, making people work harder, processes and people altogether.
Traditional working patterns based around the 9-to-5 job have become less common. There is a shift towards new types of employment.
The HR management function not only focuses on the current business environment, but it also must consider changing employment patterns.
Workers are protected by law not to be dismissed from their job without appropriate reason. Otherwise, this would be considered unfair dismissal.
A business will sometimes need to reduce its workforce size. Cutting back the workers is often done in order to improve business efficiency.
Maintaining high staff morale and welfare can show caring attitude of the business towards its workforce. Let's take a look at more details.
Results of different types of employee appraisal are meant to have a positive effect on morale and job satisfaction in a business.
Appraisal of employees is the process of assessing the effectiveness of an employee judged against pre-set objectives.
Employment legislation refers to any form of formal laws and regulations which impose legal responsibilities on a business.