Entrepreneurship

Group incentives: Meaning, Advantages and Disadvantages.

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In this article we will discuss about  Group incentives: Meaning, Advantages and Disadvantages. Incentives Anything that can attract an employees attention and motivate them to work can be called as incentives. Its aim to motivate employees and increase overall performance of an organization. Incentives can be classified as direct and indirect compensation.They can be prepared […]

Entrepreneurship

Incentives: Meaning, Features and Types.

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In this article we will discuss about Concept of Incentives, Features and Types. INTRODUCTION : Anything which motivates human that is known as incentives that may be in monetary or non-monetary form. Monetary incentive includes pay and allowance, bonus pay, profit sharing, stock option, retirement incentives, etc and Non-monetary incentives include Intrinsic and Extrinsic. Intrinsic are […]

Entrepreneurship

Difference between Traditional Pay structure and Broad banding.

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  In this article we will discuss about Difference between Traditional pay structure and Broad banding. Broad banding is a process of combination of number of related job into single pay band. Earlier there was a traditional pay structure which contained number of salary structure and was difficult to maintain for organizations. But now,broad banding […]

Entrepreneurship

Process of Broad Banding

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Broad Banding Broad banding is a process of combination of number of related jobs into single pay band. Earlier there was a traditional pay structure which contains number of salary structure and difficult to maintain for organizations. But now,broad banding  consolidate number of salary grades into fewer bands. This structure divide number of pay band […]

Human Resource Management

Performance Appraisal :Meaning and its advantages.

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Performance Appraisal is an imp process in an organization   so here we discuss about Performance Appraisal and its Advantages. Performance Appraisal Performance appraisal is a process through which organization evaluates the performance of their employees and it help to identify need of training  and different method of training. In performance appraisal the actual performance of […]

Entrepreneurship

Various Job opportunities available in HR Domain

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In this article we will discuss about Meaning of Human Resource Management and  Various Job opportunities available in HR Domain. Meaning Human Resource Management is a process in which people are managed effectively in organization so that organization get more in return. It is a process in which individual and organization come together so that […]

Entrepreneurship

Top 7 Theories of Wages in detail with its assumptions and criticisms

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In this article we will discuss about Top 7 Theories of Wages in detail with its assumptions and criticisms.The most important theories of wages are: 1. Subsistence Theory 2. Wage Fund Theory 3. Surplus Value Theory 4.Residual claimed Theory 5.Marginal productivity Theory 6.Bargaining Theory 7. Behavioural Theory.  1. Subsistence Theory :This theory was propounded by […]