Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
An incentive plan has the following important features:
1. An incentive plan may consist of both monetary and non monetary elements mixed elements can provide the diversity needed to match the needs of individual employees.
2. Earning of employees would be enhanced due to the incentives. There are instances where an incentive earning exceeds two or more three time rated wages or salaries. Increased earnings would enable the employees to improve the standards of living.
3. There will be reduction in the total as well as unit cost of production, through incentives. Productivity would increase resulting in a greater number of units produced for given inputs. This would bring down the total and unit cost of production.
4. The other advantages of incentive payments are reduced supervision, better utilization of equipment, reduced scrap, reduced lost time, reduced absenteeism and turnover and increased output.
5. A part from the benefits cited above, incentive packages are a very attractive proposition for managements because they do not affect employer's contribution to the provident fund and other employee retirement benefits.
Evaluate the importance of performance appraisal in an industrial organization. How would you make it more effective? Explain
identify how history has contributed to the current state of Human Resource Management
the main aim of HRM
key elements of an effective change management program
Question 1: (i) Why is it necessary for international human resource managers to understand the significance of cultural diversity in an international business context? (ii)
Question 1: (a) Describe the aims and features of a sustainable Performance Management System. (b) What are the benefits of Performance Management? Question 2: "Trai
Establishment of training objectives: The personnel manager formulates the following objectives keeping the company's overall objectives in the mind: 1. To prepare the empl
Evaluation and control of recruitment: Evaluation and control of recruitment programme is the last stage of a recruitment process. In any process, Evaluation and control of recrui
What are your greatest strengths? Pick a couple of the key personality traits employers’ desire – drive, reliability, determination, or problem-solving skills, for example. Bu
Discuss practical usefulness of measures of central tendency and measures of dispersion?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd