Function of HRM
Human resource management performs quite a few useful functions in order to achieve its objectives. These functions have been categorized by Decenso and Robins as:
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Compensation and benefits components
There can be several ways where benefits can be given to employees. Mostly it is given in terms of a CTC or gross salary. Some of the various components of compensation and benefits ...
Types of Employee Benefits
Following are samples of the employee benefits that are offered across many organizations. Use this list of employee benefits in thinking creatively about your current employee benefits ...
Direct Benefits
Direct benefits are optional, non-wage compensation provided to employees in addition to their normal wages or salaries. These types of benefits may include group insurance (health, ...
Common Employee benefits
Child and Elder care benefits
Child care and elder care are becoming more prevalent in benefits packages. If these issues affect your life, find out what the employer offers either ...
Types of Employee Benefits
Benefits are any perks offered to employees in addition to salary. The most common benefits are medical, disability, and life insurance; retirement benefits; paid time off; and fringe ...
Descriptions of Compensation & Benefits
Compensation can be linked to business structure and employee recruitment, retention, motivation, performance, feedback, and satisfaction and are typically among the first things potential ...
Compensation & Benefits
When most people hear the term compensation they think about “what a person is paid”. Although this is true, it is only one aspect of a complex topic. Compensation includes ...
Top 5 Benefits of Human Resource Management
Let us see how Human Resource Management is contributing in the current scenario:-
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1. HRM helps in Hiring and Training ...
Compensation & Benefits
Compensation and benefits refers to the compensation/salary and other monetary and non-monetary benefits passed on by a firm to its employees.
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