Compensation and Employee Motivation

A majority of human resources professionals appear to believe that employees are likely to over-report the importance of pay in employee surveys. However, research suggests the opposite ...

Non-statutory welfare schemes

Many non-statutory welfare schemes may include the following schemes: 1. Personal Health Care (Regular medical check-ups): Some of the companies provide the facility for extensive ...

Effective safety programs

— They include the formation of safety committee and participation by all departments within the company. Employees participate in safety decision and management carefully considers ...

Approaches to employee welfare

Approaches to employee welfare refer to the beliefs and attitudes held by agencies which provide welfare facilities. Some agencies provide welfare facilities inspired by religious faith, ...

Accrued future service benefit

Benefits credited to a participant’s defined benefit plan based on the participant’s eligible years of service that follow the plan’s start date up to the most recent ...

Administration

The process of administering, especially the management of a government, organization or large institution is called administration. (adsbygoogle = window.adsbygoogle || []).push({}); In ...

Performance Shares

Performance shares, in the case of stock compensation, are shares of company stock given to managers only if certain company wide performance criteria are met, such as earnings per ...

Equity Compensation

Equity compensation is one way to attract and retain employees to a startup company. Since most companies lack the initial funds to get high quality employees, they use equity compensation ...

Accounting based incentive

A type of compensation that is given to certain high ranking executives of companies that is determined by their direct contributions in helping the company meet specific levels of ...

Accommodations

Efforts made for the convenience of disadvantaged persons or groups, such as special architecture or equipment designed to help disabled employees. See also accommodation. ...
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