Meaning: Business ethics refers to the standards and principles which govern the business activities. It means doing business activities with rational thinking and honesty.
The word social security originated in USA in 1935. It means to help the people when they are unemployed and exposed to risk such as
Definition of productivity: Productivity means the ratio of output to input. Higher productivity means the proper use of input and vice versa. Generally the productivity
Generally it is considered that there is a direct relationship between Morale and Productivity. It is assumed that the person having high morale will have
It is very difficult to build and maintain high morale. Morale cannot be maintained at a high level forever. It is not static, it keeps
To measure the morale of employee directly is difficult as it is an intangible state of mind of the workers. But there are four methods
There are many differences between performance appraisal and job evaluation. Let us discuss them: 1) Performance appraisal is concerned with comparative merit of individuals. While
Performance appraisal means systematic evaluation of the personality and performance of each employee by his supervisor or some other person who is trained in such
There are different theories for the determination of wages and these are discussed below: 1) Subsistence theory for determination of wages: this theory was given
Employee stock option plan was introduced in USA in 1910. But in India employee stock option scheme came in 1998. In this scheme the employees
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