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Q. Show Rewards and incentive?
Rewards and incentive: an incentive or rewards can be anything that attracts a worker's attention and stimulates hi to work in the words of Burack and Smith, "an incentive scheme is a plan or programmes to motivate individual or group performance. An incentive programme is most frequently built in the monetary rewards (incentive pay or a monetary bonus), but may also include a variety of non monetary rewards or prizes". On the other hand, French says, the term, "incentive has a limited meaning that includes many kinds of inducements offered to people to perform work, or to work up to or beyond acceptable standards. It does not include:
1. Wage and salary payments and merit pay;
2. Over time payments, pay for the holiday work or differential according to shifts, all payments which could be considered incentives to perform work at undesirable times, and
3. Premium pay for performing danger tasks. It is related with wage payment plans which tie wages directly or indirectly to standards of productivity or to the profitability of the organization or to both criteria.
Characteristics of knowledge products Guttenbergs's printing press revolutionised human civilisation and sparked the mass media revolution. Five hundred years later, the printe
Preparation of the learner: These steps consist: 1 in putting the learner at ease so that he does not feel nervous because of the fact he is on a new job. 2 in starting the
Steps in the process of personnel management: The steps or activities in the process of personnel management include: 1) Manpower planning which involves the long-term planni
reasons why companies do not pay sufficient attention to staff induction?
effective human resource management depends upon sound reward system. comment
Advantage of Mail Interview: 1. Relatively low cost. 2. Can be accomplished with minimal staff and facilities. 3. Provides access to widely dispersed samples and samples that fo
What is the link between hrm and organizationL PRODUCTIVITY
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Q. Show Fringe benefits? Meaning & definition: Fringe benefits refer to various extra benefits provided to employees in addition to a compensation paid in the form of wage / sa
Compensation linked to shareholder value: Top management compensation in the U.S. firms is becoming increasingly as a new chief executive assumed office at Eastman Kodak in 1993,
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