Wage payment system consists of the pay structures and the methods used to motivate and reward work force for their contribution to the goals of the organisation. Various systems of the wage payments have been developed in different industries and in different countries. All of these systems may, however, be regarded as variants or combinations of different principles of time-rate [...]
Policies are broad guidelines as to how the objectives of a business are to be achieved. Human resource policies lay down the decision making criteria in line with the overall purpose of the organisation in the area of Human Resource Management. They are developed by the HR Manager in consultation with the top management to assist the managers at various [...]
Personnel policies refer to principles and rules of conduct which "formulate, redefine, break into details and decide a number of actions" that govern the relationship with employees in the attainment of the organisation objectives. Personnel policies lay down the criteria for decision making in accordance with the overall purpose of the organisation. The policies for human resources are formulated by [...]