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Q. Explain Gantt task and bonus plan?
Gantt task and bonus plan: this plan has been devised by the H.L. Gantt and is the only one that pays a bonus percentage multiplied by the value of standard time. Under this system, fixed time rates are guaranteed. Output standards and time standards are established for performance of each job. Workers competing the job within the standard time or in the less time receive wages for the standard time plus a bonus which ranges from 20 per cent to 50 per cent of the time allowed and not time saved. When a worker fails to turn out the required quantity of a product, he simply gets his time rate without any bonus.
Explain the role of HR executives in an organisation
In this Individual Assignment, you will focus on your scenario organisation’s upcoming transition. You will analyse relevant HR processes and OB concepts that may arise in the scen
Borderless world, Diversity Management, and Knowledge power, are some of the overarching factors being encountered by the Human Resource Mangers of 21st century business world”.
Question 1: Enumerate the factors underlying increased interest in making human resource planning. Question 2: (a) Identify and explain the elements of an effective
Performance Appraisal A process used in most companies to evaluate employees' performance quality and decide on pay awards each year. In theory, performance appraisal is a valu
During strategy formulation the team needs to set expectations and priorities as well as assign tasks and roles. When teams are unable to develop succinct plans for goal accomplish
Human Resource Planning is the process by which management determines how an organization should move from its current manpower position to its desired manpower position. Desc
hoe the the management process will go on?
Q. What do you mean by Individual and group incentives? According to the L.G. Magginson, "Individual incentives are the extra compensation paid to an individual for all product
Methods of Selection of Consultants We discussed about the steps involved in the procurement of consultant in previous section. We will now discuss the methods of selecting con
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