Labour turnover is the ratio of the number of workers leaving the factory during a given period to the average number of workers in employment during the same period. Measurement of turnover is an important problem for determining the numbers of people to be recruited at a particular point of time. Its knowledge assists the management in a number of [...]
Everything you need to know about the different forms of workers participation in management. Workers participation in management means giving scope for workers to influence the managerial decision-making process at different levels by various forms in the organisation. There are various forms of workers' participation operation, among these include works committees, joint management councils, shop councils, joint councils, unit councils, [...]
Everything you need to know about wage policy. The term "Wage Policy" refers to legislation of government action undertaken to regulate the level or structure of wages or both for the purpose of achieving specific objectives of social and economic policy. The social and economic aspects of wage policy are normally inter-related measure inspired by special considerations; inevitably have economic [...]