Every business has different ways in which its operations are done. Different types of management include strategic management, sales management, marketing management, public relations, procurement management, financial and accounting management and finally design management. There are many workers in a business under different departments. Business has a hierarchy from the senior most person to the junior most employee. Integration of information technology has greatly improved the operations of a business. Computers are devices which are used to store information to make binary calculations and can also be used to perform specific functions. Computer software’s are programs or instructions that when installed in the computer enable the computer to specific tasks as per its commands. Computers are recently used everywhere and mostly in businesses this is because they increase in productivity, can store large amount of information and its easy to retrieve the information, they help automate, saves time, keeps people entertained.
Computers are not prone to errors as human are hence they give an accurate output. The use of computers has greatly improved this sector simply because it is fast it is accurate the system has high storage capacity and also it is safe to store documents in a computer.
Every system or software is designed in order to carry out certain specific tasks. Also most of them have employed information technology experts who help develop programs if the need arises this helps the computers to process complex data. Every business uses computers nowadays be it in hospital, transport industry, schools, manufacturing industry among others and now those activities were being performed manually are now being done by the computers.
employees play a very important role in every business this is because they carry out the main activities of transferring materials into finished goods. Compensation plan in a business contain detail of all levels of workers including their salaries, bonuses, wages, other benefits , incentives and commissions which differ from one business to another. This is the computation of payment or wages to employee who work in a business in respect with the set standards of payment. A good renumeration system are; it should be fair for both employees and employers, It should ensure that the amount paid is comparable to the work done, it should also include adequate incentives to keep the workers motivated. There are different methods of labor renumeration including; time based system, performance based system which is divided into piece work rate, profit sharing incentive bonus plan among others. This tedious computation have been put into one program that produces the salary of employees automatically into a single package known as MarketPowerPRO.
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