
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 …
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 …
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 refers to the number or percentage of workers who leave an organization and are replaced by new employees.
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 …
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 …
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 …
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, also known as wage and salary administration, remuneration management, or reward management, is concerned with designing and implementing total compensation package.
Processing and transmission of digitized HR information are called E-HRM or electronic human resource management.
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 …