The Stream API and lambda’s are introduces in Java 8 and it is a big improvement in Java since version 8. With streams and lambdas we could work with a more functional syntactical style. One of the biggest issue with lambda is handling checked exceptions inside a lambda. It is not possible to call a method that throws a checked exception inside a l...

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We can perform math operations using Python operators (+, -, *, /, **). The examples below cover all basic math operators available in Python: Addition >>> 1 + 3.5  4.5  Subtraction >>> 1 - 3.5  -2.5  Multiplication >>> 1 * 3.5  3.5  Division >>> 1 / 3.5  0.2857142857142857  Exponentiation (3 * 3 * 3 * 3) >>> 3 ** 4  81  The order of operations is ...

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Variables in Python: Everything in Python is case sensitive which means c is considered different from C  , J   is considered different from j , and so on. Following is an example of a variable named character  and assign the value "Ninja Panda"  to that variable. character = "Ninja Panda" print(character)   Standard Data Types: The data stored ...

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Culture based Strategic Compensation Management: Culture plays a central role influencing various HR system and sub-systems in the organization. The effectiveness of the performance management depends on the organization’s culture. The consequences of impact of organization culture on performance managements can be felt in compensation management. ...

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There are two methods of accounting stock-based compensation as follows: The intrinsic value method: This method measures compensation expense as the excess, if any, of the quoted price of the stock at the measurement dare over the amount of which the employee must pay to acquire the stocks. Where the exercise price of the stock is equal to or grea...

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Types of Stock-Based Compensation:  The term “stock-based compensation” is a wide term which embraces the compensation of an employee in stocks options, stock appreciation rights and other stock-based related awards. Broadly, stock-based compensation can be classified into two follows: Restricted stock plan: The most traditional type of restricted ...

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Equity participation through employee stock plans constitutes an essential part of compensation packages offered to reward employees. Stock options are to purchase a specified number of shares of a company’s stock at a specified price (called the exercise or a stoke price) for a specified period of time (called the potion period or life of the poti...

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Organization wide incentive plans involve cooperation among employees, management and union in order to achieve broader objectives such as organization wide reduction in manpower, materials and supply cost, strengthening of loyalty to the organization, harmonious industrial relations, and deceased turnover and absenteeism. The group wide incentive ...

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Organizations are increasingly devising performance linked compensation systems to induce employee’s performance and productivity which is essential for creating and sustaining competitive advantage. There is generally agreement on the need for rewards and recognition to form part of any effective performance management system. Employee’s knowledge...

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Approaches to Rewarding Performance: Performance management is a way to motivate the employees on both individual performance and on group performance. Performance management is increasingly becoming popular due to the realization of importance of keeping competent and dedicated personnel instead of to the realization of importance of keeping compe...

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