It is a costly mistake to get lost in the false theory that more money equals happy employees. (adsbygoogle = window.adsbygoogle || []).push({}); Believing this is costing ...

Among the advantages of skill-based pay are the following: It contributes to job enlargement and enrichment by breaking down narrow job classifications. Flexibility is increased by ...

More than ever before in industrial relations history a commonality of interests in the skills of employees has developed between employers and employees. Skills provide employees with ...

The expectancy theory says that individuals have different sets of goals and can be motivated if they have certain expectations. This theory is about choice, it explains the processes ...

(adsbygoogle = window.adsbygoogle || []).push({}); Netflix The first technology company on the highest-paying companies in the US list is Netflix . The average median total ...

To survive in a complex, competitive global economy all organization (public and private) must be able to focus on the effective and efficient supply of goods and services. A key factor ...

Compensation has some important objectives. To achieve, these objectives a well conceived compensation scheme or plan may be established. These objectives are mentioned in the following ...

1.Rewards: People behave in ways that they believe are in their best interest, they constantly look for payoffs for their efforts. They expect good job performance to lead to organizational ...

In order to understand which components of remuneration are more effective, we need to understand the conceptual framework or theories or employee remuneration. Three such theories ...

Whatever the form of SBP, establishment of a SBP plan typically involves several general steps: (adsbygoogle = window.adsbygoogle || []).push({}); 1. Identify potential SBP ...