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Category: GGSIPU MBA NOTES

Performance linked Compensation

Performance-based compensation is an incentive-based form of compensation that can be paid to portfolio managers. Regulated mutual funds with performance-based compensation may add approximately 0.20% to their management fees for […]

Incentive schemes/Payment-By-Results (PBR)

‘Payment by Results’ or ‘PBR’ is a payment or remuneration method used to reward workers or employees in proportion with the amount of work done or deliverables achieved. In this […]

Competency based Compensation

In the 1990s, a new idea gained acceptance in a number of organizations that more closely aligned human resource practices with organizational strategies, missions and cultures. A number of organizations […]

Knowledge based Compensation

A system of payment where employees are compensated based on their individual skill level and education attainment. Under this system, employees are rewarded for reaching certain goals in education, training […]

Job description and Job Specification

Job Analysis is a primary tool to collect job-related data. The process results in collecting and recording two data sets including job description and job specification. Any job vacancy cannot […]

Duality in Labor Market

The dual labour market (also referred to as the segmented labour market) theory aims at introducing a broader range of factors into economic research, such as institutional aspects, race and […]

Discrimination in Labor Market

Discrimination can manifest itself in all aspects of life. It may be evident in the type and location of housing available to certain groups, in their access to quality education […]