2 types or kinds or methods of incentive plans 1) Individual incentive plan 2) Group incentive plan 1) Individual incentive plan: it may either be
Incentive wage plans: Incentive wage plans are popular all over the world and are used for raising productivity. They offer attraction of extra payment for
In last articles I have discussed the time wage system and piece wage system, let us today discuss the difference between the two: 1) Security:
In last article we have discussed the wage system and one of its type that is time wage system Today we will discuss another wage
Wage payment meaning: Wage payment concept is not only important for the employees but also for the employers as they are interesting in paying fewer
Factors affecting wages or compensation or determinants of wages or compensation: 1) Productivity of workers: to get the best results from the employees and to
Concept of compensation: Compensation is a wide range of financial and non financial rewards to employees for their services rendered to the organization. It is
Concept of time study in HRM: Time study is the art of recording the time required to perform a motion or a series of motion.
Motion study is a systematic way of determining the best method of doing the work by scrutinizing the motions made by the worker or the
Work study is further classified into method study and work measurement. Method study is a systematic method of analyzing the method of doing a job
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