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Performance and Financial Incentives
The several incentive plans have benefited both workers & employers, as they outcome in higher wages, lower labour turnover & better industrial relations & morale. Merit pay is a reward depends on how good an employee has done the assigned job. The payout is based on individual employee's performance. Performance is evaluated in a subjective pattern. Profit sharing is a plan whereby employers undertake to pay a specific portion of total profits to their employees on fulfilment with sure service conditions and qualifications. Under employee stock option strategy, the suitable employees are allotted company's shares below the market cost. The term stock option implies the right of suitable employee to buy a certain amount of stock in future at an agreed cost. The eligibility criteria might include contribution to the department/ division where the employee works, length of service, etc.
Q. Paired comparison method of appraisal ? Paired comparison method: under this method, the appraiser compares each employee with every other employee, one at a time. For examp
Causes of the indiscipline: Indiscipline is generally arises because of: 1. Unfair labour practises and victimization on the part of employers, like wage differentials, unr
Q. Show Forecasting techniques for Human resource planning? Managerial judgement: in this method, experienced managers estimate the future man power requirements and their skil
what are the implication of HR PLANNING IN AN ORGANIZATION
Q. Need of workers participation in management? Improve communication: it is seldom possible for managers to have knowledge of all alternatives and all consequences related to
Q. What do you mean by Human resource development ? Meaning and definition: the word human development can be broken up as under: HUMAN RESOURCE DEVELOPMENT = human resource
discuss the social security measures available to workers in india
effective human resource management depends upon sound reward system comment
Question 1: (a) Elaborate on the 4 C's of Human Resource Management and discuss the advantages that can accrue to an organization by adopting these 4 C's Question 2: (
Communication: A communication system in an oraganisation serves to supplement and complement training programmes for staff. Together these two provide the synergetic effec
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