Labor-Management Cooperation

In many countries, labor-management relations are militant and adversarial. Both parties hold a negative attitude toward each other. This pervasive negative attitude creates a workplace …

Employee Retention: Definition, Techniques of Employee Retention

Hiring employee is just a start to creating a strong workforce. One of the objectives of the HR Department is to retain qualified and committed …

Employee Turnover: Definition, Types, Causes of Employee Turnover

Employee turnover refers to the number or percentage of workers who leave an organization and are replaced by new employees.

Incentives: Types of Short-Term & Long-Term Incentives

Incentives are those additions to regular pay to encourage and to recognize improved employee performance. Incentives generally are of two types; Short-term Incentives, and Long-term …

Types of Employee Rewards

There are several ways to classify rewards. We have selected 3 of the most typical dichotomies: intrinsic versus extrinsic rewards, financial versus nonfinancial rewards, and …

10 Theories of Wages

Sound wage theories address itself to questions such as adequacy of wages, fairness, and equity, hard working conditions and efforts, compensation against inflation, and additional …

Creative Compensation: Non-Monetary / Non-Traditional Compensation

Some non-monetary compensation are; Profit-sharing. Stock Ownership Plans. Gain Sharing. Pay-for-performance (PFP). Pay for Skills Sharing through Royalty Payments/ The plans include: Profit-sharing As the …

Compensation Management: Definition, Objectives, Importance

Compensation management, also known as wage and salary administration, remuneration management, or reward management, is concerned with designing and implementing total compensation package.

E-HRM: Definition, Advantages, Practices

Processing and transmission of digitized HR information are called E-HRM or electronic human resource management.

Green HRM: Definition, Advantages, Green HRM Practices, Policies

GHRM is a new concept and is becoming popular all over the world. It has got different meanings to different people. There is no comprehensive …