Based on the Taiwan high-tech sector, there were some surveys carried out in different time periods. Examinations were done on the impact of employee benefits on firm productivity. The examinations reveal that employee benefits have a significant moderating effect on firm productivity whether samples were analysed by industry or by firm size and that moderating effect of employee benefits on labor productivity in small enterprises was greater than that of large ones.
Based on the Taiwan high-tech sector, there were some surveys carried out in different time periods. Examinations were done on the impact of employee benefits on firm productivity. Employee benefits in this research were treated as a moderator instead of independent variable. Several important control variables were also considered in analytical models. The examinations reveal that employee benefits have a significant moderating effect on firm productivity whether samples were analysed by industry or by firm size and that moderating effect of employee benefits on labor productivity in small enterprises was greater than that of large ones.
Two important implications for industry managers arose from the findings. Firstly, the investment in employee benefits at high-tech firms represents not only costs but also profits. A lot of studies suggest that employee benefits are a useful tool in attracting and retaining employees with critical skills. Skilled employees have been viewed as a strategic input for a firm to strengthen its core competency. Hence, firms can use employee benefits to enhance their competition through better quality of labor. Secondly, using employee benefits to achieve competitive advantage for small enterprises seems to be more important than large companies. However, attractiveness of a top-quality work force at small enterprises is low due to lower stability. Since benefit awareness moderates the effect of benefit attractiveness in recruiting and retaining qualified employees, managers at small enterprises should pay more attention to communicating information about benefit packages offered.
There were some major limitations to the research carried out. One limitation is that benefit programs consisted of different employee benefit types, such as health-care benefits, security benefits, employee services and premium pay but these types of employee benefits were treated as a package in this study. In essence, such treatment primarily came from a lack of data as the surveys did not distinguish categories of benefits. As a consequence, the study cannot provide individual effect of different benefit types on firm productivity. Next, except for the financial part, employee compensation also includes non-financials, such as work-place flexibility and flextime. Since this research confines the examination to financial compensation, the results cannot be generalised to non-financial compensation. Furthermore, although the analysis shows the moderating effects of employee benefits on relationships between labor input and value added, the estimations failed to reveal how such impacts were actually realised.
In summary, despite the growing cost of employee benefits, little is really known about effects of benefit level on firm performance. We can still say that, in a way, employee benefits offer advantage in terms of firm productivity through improvement of labour efficiency.
Bollywood Movie Review - Black
The movie, Black, was the main winner at 2005 Indian Filmfare Awards winning eleven awards in total, breaking a record as a result. It then went on to win 10 awards in the 2006 IIFA Awards ceremony. Time Magazine (Europe) selected the film as one of the 10 Best Movies of the Year 2005 from across the globe. The movie was positioned at number five. It was also listed on the "25 Must See Bollywood Movies" by Filmfare Magazine.Bollywood Movie Review - Dhoom 2
Dhoom 2, which came out in November 24, 2006, was such a big hit that it had a very successful opening in India and overseas. In the US alone, it had earned US$2,642,290 by early 2007. Dhoom 2 is a hugely commercialised film which does not have a proper story line, if it has any. Rather, the movie has spent much time and effort on all aspects of commercialisms in terms of the cast, entertainment, glamour, songs etc.Bollywood Movie Review - Lage Raho Munnabhai
Okay fingers up, how many of you have seen this movie? May not be a blockbuster or a box office hit hindi movie but it is definitely worth a watch. Perhaps more than once. Why? Just imagine, Sanjay Dutt tackling his enemy by following the principles of Mahatma Gandhi. For the uninitiated, he is a beefcaked bollywood actor with a really mean mafia look who looks like a former Brisbane Lions regular player. I was referring to the former of course.