Industrial Democracy & Participative Management
by One of the important requirements of industrial relation is industrial democracy. Worker’s participation in management (WPM) is essentially a step in promoting industrial democracy. This …
Tag: Employee Retention
VRS: Approaches to deal with the workforce Redundancy
Voluntary Retirement Scheme (VRS) is the most common method which is used by organizations to reduce excess manpower. It helps the employer not only to …
Performance linked Compensation, Reasons, Components
Performance linked Compensation, Reasons, Components
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 …
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 …
Co-partnership- Stock option: ESOP
Co-partnership A partnership or association between two equals, esp in a business enterprise. A form of industrial democracy in which the employees of an organization …
Individual incentives Plan and Group incentives Plan
Individual incentives Plan and Group incentives Plan, Key differences between Individual incentives Plan and Group incentives Plan
Fringe Benefits, Concept, Features, Types, Advantages and Challenges
Fringe Benefits, Concept, Features, Types, Advantages and Challenges
Compensation, Meaning, Function, Significance, Rules and Policies, Importance and Challenges
Compensation, Meaning, Function, Significance, Rules and Policies, Importance and Challenges
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