Tag Archives | HRM

Forms of Workers Participation in Management

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, [...]

By |2019-10-19T12:09:43+05:30October 19, 2019|Workers Participation|Comments Off on Forms of Workers Participation in Management

Compensation Plan

Everything you need to know about compensation plans. Compensation is defined as the money received by employ­ees from the organization on account of the performance they render. When the employee receives the money in terms of salary or wage, it is known as direct compensa­tion. When the employee receives benefits such as - health insurance, medical benefits, travel allowances, etc., [...]

By |2019-10-15T10:03:22+05:30October 15, 2019|Human Resource Management|Comments Off on Compensation Plan
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