Sunday 18 September 2011

Extension Of Probationary Period







Ref  : 
Dated:  18.06.2007



Name………….
Employee No.………
Designation…………….. 
Function………………… 



Ref:         Appointment order No……………
---------------------------------------------------------------------------------


Please note that during the probationary period your performance was not satisfactory.  You have been orally advised on many occasions in this regard.

In order to give you further opportunity to show improvement in your performance, we hereby extend your probationary period for a further period of six months effective 15.05.2007.

We hereby advise you to show definite improvement in your performance during the extended period of probation, failing which your services are liable to be terminated.

You shall continue to abide by and be bound by the other terms and conditions of employment detailed in the order of appointment referred to above.


For Company Name……………


Signing Authority……
Designation…………………….


Cc : Personal file
Cc : Accounts



Ref  : 
Dated:  18.06.2007



Name………….
Employee No.………
Designation…………….. 
Function………………… 


Ref:         Appointment order No……………
---------------------------------------------------------------------------------





It is noticed that during the training period your attendance record is not satisfactory, details of which are enclosed. 


We hereby advise you to show improvement in your attendance.


You shall continue to abide by and be bound by the other terms and conditions of employment detailed in the order of appointment referred to above.




For Company Name……………





Signing Authority……
Designation…………………….


Cc : Personal file
Cc : Accounts

Previous year qs papers...

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Should you stick to the same organisation for many years, or is hopping jobs better for career growth?



Successful CEOs on whether hopping jobs is better for career growth

 

 

http://economictimes.indiatimes.com/quickiearticleshow/9963300.cms

Offer Letter






Letter of Offer for Employment

Date: _________________

To,
Candidate Name
Candidate Address


Employee Code: __________

Dear Mr./Ms./Mrs. ____________________,

Sub: Letter of Offer for Employment

We are pleased to offer you an appointment in our organization as Position with effect from Joining Date. You will be based in our ___________ office (for companies with multiple offices).

You will be paid gross emoluments as detailed in Annexure – A.

Your employment with us will be governed by the Terms & Conditions as detailed in Annexure – B.

Your offer has been made based on information furnished by you. However if there is a discrepancy in the copies of documents or certificates given by you as a proof of above we retain the right to review our offer of employment.

Employment as per this offer is subject to your being medically fit.

Please sign and return duplicate copy of this letter in token of your acceptance.

We congratulate you on your appointment and wish you a long and successful career with us. We are confident that your contribution will take us further in our journey towards becoming world leaders. We assure you of our support for your professional development and growth.

Yours truly,
For Company Name


(Signing Authority)
Designation

Annexure – A

Salary structures can be bifurcated as under:


Basic Pay

Rs.

House Rent Allowances

Rs.  

Medical Allowances

Rs.  

Conveyance Allowances

Rs.    

Performance Incentives



Other Allowances

Rs.  

Deductions



Leave Salary



Gross Salary

Rs.


Total CTC: Rs. ______________ per month (Rs. Per annum


Annexure – B

1.        Personal Particulars:
You will keep us informed of any change in your residential address, your family status or any other relevant particulars. You would also let us know the name and address of your legal heir/nominee.

2.        Nature of Work:
Your nature of work mainly includes all the aspects of the (Duties and responsibilities) ________________________________________________________________ as well as any other ad-hoc duties assigned to you from time to time. You will work at high standard of initiative, creativeness, efficiency and economy in the organization. The nature of work and responsibilities will be assigned and explained to you by your senior from time to time.

3.        Working Hours:
The regular working hours of the company are from (Office timings) including ______ minutes for lunch break and ______ minutes for tea break. You will be required to work extra hours as and when required and informed by your senior.

4.        Late comings:
The Company follows a strict time schedule and late comings are discouraged, unless otherwise notified by you in advance.  Late marks will be accorded to you for every late entry with one day marked as absent for every three late marks (or as per your company policy).

5.        Assignment, Transfer and Deputation:
Though you have been engaged to a specific position, the company reserves the right to send you on deputation/transfer/assignment to any of the company’s branch offices in India or abroad, whether existing at the time of your appointment or to be set up in the future.

6.        Training:
You will hold yourself in readiness for any training at any place whenever required. Such training would be imparted to you at the company’s expense. Kindly note that refusal to participate in a training programme without any extraneous circumstances would lead to automatic termination of your employment.

7.        Performance Reviews/Appraisal:
The Company follows a policy of monthly/quarterly/half yearly/annual performance reviews, which are linked to performance incentives every quarter/half year/year. You will be eligible for performance based incentives on the basis of your gross monthly salary on the basis of your performance during the previous quarter/six months/year.

The Company also has a policy of six monthly/annual salary appraisal based on performance. You will be eligible for a salary appraisal under this policy based solely on the performance ratings achieved during the previous six months/one year.

8.        Intellectual Property Right:
If during the period of your employment with us you achieve any invention, process improvement, operational improvement, or other process/method likely to result in more efficient operation of any of the activities of the company, the company shall be entitled to use, utilize and exploit such improvement and you shall assign all rights thereof to the company for the purpose of seeking any patent rights or for any other purpose. The company shall have the sole ownership rights of all the intellectual property rights that you may create during the tenure of association with the company including but not limited to the creative concept that you may develop during your association with the company.

9.        Secrecy/Confidentiality:
You will not during the course of your employment with the company or at any time there after divulge or disclose to any person whomsoever including competitors and former employees, make any use whatsoever for your own purpose or for any other purpose other than that of the company, of any information or knowledge obtained by you during your employment as to the business or affairs of the company including development, process reports and reporting system and you will during the course of your employment hereunder also use your best endeavor to prevent any other person from doing so. Failure to do so on your part may result in legal action against you and the person to whom the information was divulged.

10.     Restrain:
                       i.      Access to Information:
Information is available on need to know basis for specific groups and the information is segregated to allow individual sectors information access for projects and units. Access to this is authorized through access privileges approved by unit mentors or project mentors. Unauthorized access or attempt at unauthorized access is strictly prohibited and any attempts to do so will result in immediate termination of employment and legal action as deemed fit by the company.

                     ii.      Restriction on Personal Use:
Use of company resources for personal use is strictly restricted. This includes usage of computer resources, information, internet service, and working time of the company for any personal use. You will under no circumstances carry any work home unless specifically requested by your manager. Any usage of company information for personal use will result in immediate termination of employment without notice and/or legal action for misdemeanor as deemed fit by the company. You may/may not be required to reimburse the company for any losses incurred by the company on account of personal usage of company data.

11.     Leave:
You will be entitled to leave as per law in force and as laid down in the Standing Orders of the company. The company follows strict time schedule and late comings are discouraged, unless otherwise notified by you in advance. Late marks will be accorded to you for every late entry with one day of absence counted for every three late marks.

12.     Security:
Security is an important aspect of our communication and office infrastructure. Communication security is maintained by controlling physical access to computer system, disabling all working stations, floppy disk drives and companywide awareness about the need for protection of intellectual property and sensitive customer information.

13.     Termination of Service:
                       i.      Either party can terminate this employment by serving a notice of one month on the other, save and accept that the company may at its option pay salary in lieu of the notice period to terminate employment with immediate effect.
                     ii.      Unauthorized absence or absence without permission from duty for a continuous period of 7 days would make you loose your lien on employment. In such case your employment shall automatically come to an end without any notice of termination or notice pay.
                    iii.      You will be governed by the laid down code of conduct of the company and if there is any breach of the same or non conformance of contractual obligation or with the terms and conditions laid down in this agreement, your service can be terminated without any notice; notwithstanding any other terms and conditions stipulated herein the company reserves the right to invoke other legal remedies as it deems fit to protect its legitimate interest.

14.     Standing Orders:
You will abide by the Standing Orders, rules & regulations and service conditions that may be in force or application to the organization or are framed from time to time by the company.

15.     Appointment in Good Faith:
It must be specifically understood that this offer is made based on your proficiency on technical/professional skills you have declared to possess as per your application for employment and your ability to handle any assignment/job independently. In case at a latter date any of your statements/particulars furnished are found to be false or misleading or your performance is not up to the mark or falls short of the minimum standard set by the company, the company shall have the right to terminate your services forthwith without giving any notice notwithstanding any other terms and conditions stipulated therein.

The above terms and conditions are based on the company’s policy, procedures and other rules currently applicable in India and are subject to amendments and adjustments from time to time. In all matter including those not specifically covered here such as traveling, retirement, etc. you will be governed by the rules of the company as shall be in force from time to time.

"Picture abhi baaaki hain mere dost"


New Delhi: The Reserve Bank of India (RBI) is likely to maintain its hawkish stand and further increase key policy rate up till January 2012, to tame inflationary pressures, say experts.

The Reserve Bank on Friday hiked its key rate by 25 basis points, the 12th time since March last year, to tame high inflation overlooking sliding growth.
   
The short-term lending (or repo) rate to banks by RBI stands revised to 8.25 percent, while the borrowing (reverse repo) rate is set at 7.25 percent.
   
Industry experts project the WPI inflation, which rose to 9.78 percent in August-- much higher than the RBI's comfort level of 5-6 percent-- to remain above 9 per cent level until December this year.
   
The next policy review is due on October 25.
   
According to a research report by global banking giant Standard Chartered, "RBI will increase the policy rates by 0.25 percent at the October policy as well. If anything, the tone of the policy statement keeps the door open for further rate hikes after October."
   
"We do not rule out further rate hikes up to January 2012," brokerage firm Angel Broking said in a research note.

Rating agency Care expressed similar views. "RBI is likely to continue with its anti-inflationary stance till the year end," it said.
   
Brokerage firm Elara Securities also expects the central bank to further raise policy rates by 25 basis points in the October policy review.
   
"If the domestic inflation scenario does not worsen and macroeconomic scenario stabilises at current levels, we view rates peaking at 8.5 percent," the report said.
   
More rate hikes by the Central Bank are in store as the RBI in its mid-quarterly review of monetary policy has cautioned that the current level of high inflation makes it imperative to continue with the anti-inflationary stance and tight monetary policy.
   
The future monetary policy stance, it said, would depend on the level of inflation.
   
The RBI has raised rates by a total 350 basis points since March 2010. Despite this, the inflation has stubbornly remained near double digit, while the first quarter GDP slipped to 7.7 per cent from 8.8 percent a year ago.
   
Standard Chartered, however, believes that India is only using one policy lever -- increase in interest rates – to counter inflationary pressures, and there is very little emphasis on other policies.
   
"Fiscal policy remains accommodative and might have contributed substantially to demand-side pressures in the recent past," it said.

Management Qs..


1.   What psychological methodology does NLP stand for?
    Neuro-Linguistic Programming
2.   David McLelland's motivational theory identified three principal motivational needs which he said each of us possesses to varying degrees, and which characterise our motivational behaviour; what are these three motivational needs?
    Achievement (n-ach), the need to achieve things; Authority/Power (n-pow), the need to have impact, influence and authority; and Affiliation (n-affil), the need for relationships, interaction and acceptance among other people (or words to similar effect as these definitions)
3.   Which organisation produces the UK's ABC1C2 (etc) Social Grade Classifications Statistics?
   NRS Ltd (National Readership Survey)
4.   What does the selling acronym AIDA stand for?
    Attention, Interest, Desire, Action
5.   Who developed the 'Equity Theory' of job motivation in the 1960's? J Stacey Adams
6.   What does the financial abbreviation P&L stand for?
    Profit and Loss (Profit and Loss Account)
7.   Who developed the ten stages of corporate life cycle, starting with Courtship and Infancy and ending in Bureaucracy and Death? 
     Dr Ichak Adizes
8.   The Ansoff matrix correlates what two aspects of business development from the 'new' and 'existing' perspectives?
    Products and Markets
9.   In selling and communications, what do 'open questions' generally achieve? Open questions gather information, improve understanding, and build rapport by encouraging the other person to talk and explain things, including how they feel about things.
10.                Albert Mehrabian researched and published a now widely referenced set of statistics for the effectiveness of spoken communications; what three types of communication did he identify and what percentages for each did he attach to each type in terms of the percentage of meaning (or understanding) that each communication type conveyed from person to person in his study? Mehrabian's research stated that: 7% of meaning conveyed is in the words that are spoken; 38% of meaning conveyed is in the way that the words are said (paralinguistic); and 55% of meaning conveyed is in facial expression.
11.                In business accounts and financial reporting, expenses which change according to scale of performance or usage or demand are known as what?
    Variable Costs
12.                What is the name of Ingham and Luft's model and theory which deals with hidden and open areas of knowledge about a person? The Johari Window
13.                The '360 degree' appraisal method collects feedback from whom, about whom?
    A '360 Degree' feedback appraisal collects the views from people who work with the appraisee, about the appraisee, including subordinates, peers, upline managers; effectively anyone who comes into contact with the appraisee and who is happy to provide constructive feedback about the appraisee's strengths and areas for improvement
14.                What are the four levels of learning evaluation defined in Donald Kirkpatrick's model? 
    1. Enjoyment; 2. Transfer of learning; 3. Application of learning; 4. Effect of application (or words to the same effect as these four definitions)
15.                What is the correct ascending order of these human needs according to Maslow's Hierarchy of Needs: Esteem, Safety, Belongingness and Love, Self-Actualisation, Biological and Physiological? Biological and Physiological Needs (basic life needs - shelter, food, drink, sleep, etc); Safety Needs (security, protection, law, etc); Belongingness and Love Needs (family, affection, relationships, etc); Esteem Needs (achievement, status, responsibility, reputation, etc); Self-Actualisation (personal growth, self-fulfilment, etc)
16.                What part of our brains typically handles process-type functions, according to brain theorists such as Katherine Benziger? Left Basal (left rear)
17.                What does the accounting acronym FIFO mean? First In First Out (a convention for writing down the balance sheet value of assets of the same type - oldest are written-off first)
18. One of the most effective and efficient forms of marketing is  abbreviated to the initials WOM; what is it?   
    Word Of Mouth
19.                Bloom's Taxonomy of Learning Domains divides learning development into three main aspects: 
    Cognitive, Affective and Psychomotor; what might these three aspects of personal development more commonly be called? 
    Knowledge, Attitude, Skills
20.                Who wrote the Seven Habits of Highly Effective People?
         Dr Stephen Covey
21.                The 'Big Five' personality dimensions, by which modern day psychologists believe every person's personality and behaviour tendencies can be measured are commonly abbreviated to the OCEAN acronym; what does OCEAN stand for? 
    Openness to experience, Conscientiousness, Extraversion/introversion, Agreeableness, Neuroticism.
22.                What are the four metaphorical terms used to describe products/services in Boston Matrix model according to market share and market maturity?
    Dog, Cash Cow, Problem Child and Star (or Rising Star)
23.                The financial ratio which divides a company's 'liquid assets' by 'current liabilities' is known by what popular term? 
     Acid Test (or 'Quick Ratio')
24.                What three important things should be confirmed and understood before conducting a brainstorming ideas session? The purpose or aim of the exercise; a time limit; the fact that all ideas are welcome and to be respected (ie., sometimes the craziest-sounding ideas are the best ones).
25.                What does the SWOT stand for in SWOT analysis? 
        Strengths, Weaknesses, Opportunities, Threats
26.                What are the 'Four Functional Types' within Carl Jung's theory?       Thinking, Feeling, Sensation, Intuition
27.                With what was the Kyoto Summit concerned? 
          Global climate change (in other words, greenhouse gas emissions)
28.                What are the four sequential stages of the 'conscious competence' learning model?
    1. Unconscious Incompetence, 2. Conscious Incompetence, 3. Conscious Competence, 4. Unconscious Competence
29.                What is the '1st Law of Cybernetics' (aka the 'Law of Requisite Variety')? "The unit within the system with the most behavioural responses available to it controls the system." (or words to that effect)
30.                What are the four main 'Temperament' types called within David Keirsey's Temperaments personality theory? Artisan, Idealist, Guardian, Rational/Rationalist
31.                According to the Tannenbaum and Schmidt theory relating to delegation and team development, what must be reduced in order for the team's area of freedom (and growth) to increase? 
      The manager's use of authority
32.                What does the financial term ROI stand for?
        Return On Investment
33.                Whose experiential learning theory comprises the learning styles named: Concrete Experience (feeling); Abstract Conceptualization (thinking); Active Experimentation (doing); and Reflective Observation (watching)? 
     David Kolb
34.                Daniel Goleman was responsible for popularising and defining what management and behavioural concept in his eponymously titled (ie., the title is also the subject) 1995 book? Emotional Intelligence
35.                What is psychometrics? 
         The science of measuring (or testing) personality type (or mental abilities)
36.                What is the management technique that is commonly abbreviated to MBWA? Management By Walking About (or Wandering Around) - the term is generally attributed to Tom Peters (In Search Of Excellence, 1982) although it was probably part of a new management ideology first pioneered by a few bright American companies as far back as the 1940's
37.                Large size hand-writing generally indicates what characteristics in the personality of the writer? 
     Extraverted or out-going nature
38.                Since October 2004, UK employers must follow a minimum process of three-stages for handling disputes with employees, including disciplinary and grievance matters; what are the basic minimum three stages required? 1. Write a letter to the employee explaining the issue; 2. Have a meeting with the employee to discuss the issue; 3. Hold or offer an appeal meeting with the employee if required.
39.                Douglas McGregor defined two main styles of management; what did he call them and how are each of the two styles typified? 
    X-Theory (or Theory-X) which is authoritarian, autocratic and repressive; and Y-Theory (or Theory-Y) which is participative, delegating, and developmental (or words to similar effect as these two descriptions)
40.                Bruce Tuckman's theory about team development uses what four sequential rhyming words to describe the four stages of a group's progression?
    Forming, Storming, Norming, Performing
41.                What are Howard Gardner's seven (original) Multiple Intelligences? Linguistic (words and language), Logical-Mathematical (logic and numbers), Musical (music, sound, rhythm), Bodily-Kinesthetic (body movement control), Spatial-Visual (images and space), Interpersonal (other people's feelings), Intrapersonal (self-awareness)
42.                According to Herzberg's motivational theory, which of these are 'hygiene needs' (or 'maintenance factors') and which are true 'motivators': work conditions, salary, achievement, advancement, work itself, responsibility, company car, status, recognition, and personal growth? Of the examples listed, hygiene needs are: work conditions, salary, company car, status. True motivators in the list are achievement, recognition, work itself, responsibility, advancement, and personal growth.
43.                What does VAK stand for in the learning styles theory? 
       Visual, Auditory, Kinesthetic/Kinaesthetic (three different learning styles or methods - seeing, listening, doing)
44.                What does the business acronym IPO stand for?
     Initial Public Offering, meaning the initial sale of privately owned equity (stock or shares) in a company via the issue of shares to the public and other investing institutions
45.                What does the PEST stand for in PEST analysis?
         Political, Economical, Social, Technological
46.                What do 'open questions' typically begin with? Open questions typically begin with Who, What, How, When, Where, and Why, (or for particularly capable or intelligent respondents, 'Tell me about...')
47.                What visionary management thinker wrote The Age Of Unreason and The Empty Raincoat? 
    Charles Handy
48.                What are the names of the (nine) Belbin 'team roles'? Coordinator (was called 'Chairman'), Shaper, Plant, Monitor-Evaluator, Implementer (was called 'Company Worker'), Resource Investigator, Team Worker, Completer-Finisher, Specialist
49.                In marketing, what are the The Four P's? 
        Product, Price, Promotion, Place.
50.                A lot of the traditional 20th century sales theory and training was influenced by the 1937 book 'How to Win Friends and Influence People'; who wrote it?
    Dale Carnegie.