Activities of HRM

(adsbygoogle = window.adsbygoogle || []).push({}); Major HR Management Activities 1. Strategic HR Planning and Analysis a) HR Planning : Human resource planning is the ...

Incentive systems

(adsbygoogle = window.adsbygoogle || []).push({}); Incentive systems exist for almost every type of job from manual labor to professional, managerial, and executive work. ...

Profit sharing and stock option plans (PSSOP)

Profit sharing is scheme whereby employers undertake to pay a particular portion of net profit to their employees on compliance with certain service conditions and qualifications. The ...

Pay for knowledge / Pay for skills Compensation

Pay for knowledge and pay for skill compensation systems reward employees with higher pay as an incentive for the increased knowledge or skills they acquire. Most organizations have ...

Incentive

An organization’s success requires an effective strategy that is attained by achieving the underlying goals and objectives. Managers and HR departments can use incentives as tools ...

The purpose of Incentives as Nontraditional Compensation

Employees who work under a financial incentive system find that their performance determines their pay in whole or in part. As a result, incentives reinforce performance on a regular ...

Eligibility and Coverage for Incentive

Who is eligible of incentives, and other forms of nontraditional compensation? The extent of coverage is crucial because it affects teamwork, motivation and perceptions of equity. ...

Objectives of Fringe Benefits

The important objectives of fringe benefits are: a. To motivate the employees by identifying and satisfying their unsatisfied needs. b. To create and improve sound industrial relations. c. ...

Fringe Benefits

The term fringe benefits refers to the extra benefits provided to employees in addition to the normal compensation paid in the form of wage or salary. Many years ago, benefits and ...

Co-partnership

In this system, the worker gets his usual wages, a share in the profits of the company and a shear in the management of the company as well. Thus, employees share the capital as well ...
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