(a) Chief Executive(b) Senior Managers(c) Knowledge Workers. (a) Chief Executive: The Chief Executive Officer (CEO) is the top executive in the organization, responsible for strategic … Read more
Determinants of Intra and Inter-Industry Differentials: Intra-Industry Differentials: Intra-industry differentials refer to the variations in compensation among employees within the same industry or organization. Several … Read more
(a) Provident Fund Act, 1962.(b) Minimum Wages Act, 1948.(c) Payment of Bonus Act, 1965. (a) Provident Fund Act, 1962: (b) Minimum Wages Act, 1948: (c) … Read more
Benefits are essential to employees for several reasons: Various Types of Flexible Benefits Plans: How Flexible Benefits Plans Motivate Employees: Examples:
Importance of Individual Incentive Plans: Importance of Group Incentive Plans: Balancing Individual and Group Incentive Plans: An effective incentive strategy involves striking a balance between … Read more
Concept and Types of Wages: There are two primary types of wages: Various Alternative Methods of Wage Payment:
(a) Employee Benefits. (b) Current Trends in Compensation Mánagement. (c) Procedure for Designing a Compensation Plan. Answer: (a) Employee Benefits: Employee benefits refer to additional … Read more
Concept of Human Capital: Determinants of Intra and Inter-Industry Differentials in Compensation:
Minimum Wage: Procedure of Fixing and Revising the Minimum Wages: The process of fixing and revising minimum wages involves various steps and considerations to strike … Read more