Compensation and Benefits
Factors Affecting Compensation System
The primary objective of a compensation system is to administer an effective and equitable pay s…
The primary objective of a compensation system is to administer an effective and equitable pay s…
Compensation means the basic returns that an employee obtains from his/her work. Every organizat…
The HRM also deals in ensuring very good performance to their current staff and dealing with per…
The life of industrial workers is full of risks and hazards. Every year thousands of workers are…
Insensitive: • Monetary benefits paid to employees for outstanding performance. • Given in ad…
Benefits are membership based rewards offered to all employees regardless of performance. • It …
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Azim Hashim Premji, founder of Wipro Limited, India’s biggest and most competitive IT company ba…
Job Evaluation 1. The job is rated keeping in view such factors as responsibilities, experience…
Dhirubhai Ambani achieved what almost everybody would consider impossible. In a life spanning 69…
- The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge. One of the…
Pay plan is concerned with assigning a monetary value to each job in the organization. Steps: 1.…
Compensation: Compensation refers to all forms of financial returns, tangible service, and bene…
1. CAT: Common Admission Test by IIMs 2. MAT: Management Aptitude Test by AIMA 3. XAT: MBA En…
A number of students get confused after their class 12th result, whether to opt for B com - Hono…
MBO is a process that converts organizational objectives in to individual objectives. Steps of M…
• Leniency Error: Every evaluator has his or her own value system which acts as a standard again…
A) Relative Standards: Performance of individuals are compared against other individuals. Major…
Once the employee has been selected, trained & motivated the next step of management is to f…
Career development consists of personal improvements undertaken by the individual employee, trai…
A career is a sequence of positions occupied by a person during the course of a lifetime. - Dece…
MBA with Finance specialisation and M.Com are two options for any commerce graduate. Each course…
Traps: Never badmouth your previous industry, company, board, boss, staff, employees or custome…
Traps: There are some questions your interviewer has no business asking, and this is one. But w…
Methods of recruitment are a manner of forming connections with potential employees. Various met…
There are two types of factors that influence recruitment, internal and external, as detailed be…
Recruitment is the term used to describe this procedure. Some people use the phrase "recrui…
According to Dessler, there are six steps in doing job analysis: 1. Decide how you will use the…
Job Analysis: The process of studying and collecting informations relating to the operations an…
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