EVA Reward Management in TNC’s
by EVA® (Economic Value Added) was developed by a New York Consulting firm, Stern Steward & Co in 1982 to promote value-maximizing behaviour in corporate managers …
Category: Management Notes
Management Notes of Various Universities across india
Evolution of modern day labor force
Employability is the life-long, continuous process of acquiring experience, new knowledge (purposeful learning) and skills that contribute to improving one’s marketability for enhancing their potential to obtain and maintain employment …
Intrinsic rewards, Cafeteria Compensation Style
Intrinsic rewards Intrinsic rewards are the non-physical rewards. They cannot be seen or touched but are emotionally connected with the employees. In other words, intrinsic …
Compensation Strategy Monetary & Non-Monetary Rewards
The motivational factors that motivate a person to work and which can be used to enhance their performance can be classified into two categories—monetary factors …
Foundations of compensation Management
A good compensation is a must for every business organization, as it gives an employee a reason to stick to the company. An organization gains …
Defined, Goals of Compensation System
Compensation includes payments like bonuses, profit sharing, overtime pay, recognition rewards and sales commission, etc. Compensation can also include non-monetary perks like a company-paid car, company-paid housing …
Gratuity and Maternity Benefits
Gratuity is a part of salary that is received by an employee from his/her employer in gratitude for the services offered by the employee in …
Social Security Schemes: ESIS PF, Pension Insurance, Gratuity and Maternity benefits
The Ministry of Labour & Employment, through its Labour Welfare Organizations across the country, implements welfare schemes relating to housing, education and health for low wages workers, mica …
Welfare Measures; Statutory and Non- Statutory
Organizations provide welfare facilities to their employees to keep their motivation levels high. The employee welfare schemes can be classified into two categories viz. statutory …
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