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Classification or types of rewards: rewards or incentives can be classified into:
1. Direct compensation, and
2. Indirect compensation
Direct compensation: includes the basic salary or wage that the individual is entitled to for his job, over time work and holiday premium, bonuses based on the performance, profit sharing and opportunities to purchase options etc.
Indirect compensation: includes protection programmes (insurance, plans, pensions), pay for time not works, services and perquisites. But these are maintenance factors rather than reward components. Since they are making available to the all employees, irrespective of performance, they will tend to retain people in the organization but not stimulate then to greater effort and higher performance. Some -times, the rewards are also termed an intrinsic rewards and extrinsic rewards. The former are those that an individual receives for himself. They are largely a result of the job that the worker does. The techniques of job enrichment, shorter work weeks, flexible work hours, project structures, and job rotation can offer intrinsic rewards through providing interesting and challenging jobs, and allowing the worker greater freedom.
Purposes and importance of the recruitment: The general purpose of the recruitment is too positive providing a pool of potentially qualified job candidates. Specifically, the
BetterU College is a fictitious, small liberal arts school that is located in Maryland. The HR Director has decided to propose the implementation of a computerized system for emplo
Q. What are the problems in the job analysis? Lack of support from top management: in most cases support from top management is missing. They refuse to appropriately describe
Question 1: (a) Define the term "Human Resource Planning" (b) What are its main features? (c) Explain its importance to an organization. Question 2: (a) What do you und
help
Question 1: (a) Distinguish between monitoring and assessment. Support your answer by giving one example of each. (b) Write short notes on the two types of assessment.
how do employers use labour market mapping to have a strong brand
Explain about creation and storing Creation of new knowledge is mainly through problem solving, innovative programmes and conversion of implicit knowledge to explicit knowledge
T y pes of Consulting Services There are various types of consulting services and you have to distinguish between professional consulting services and other types of services
i need the collins review on chnaging roles of human resource department HR management please
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