Advertisement:- Enterprise advertises vacancies through newspaper, trade journals & magazines. The content of advertisement & media through which advertisement is to be given is decided…

A succession plan to fill key positions over time is essential for success & survival of an organisation. Its purpose is to identify & develop…

Selection mean a process by which qualified personnel can be chosen from the applicants who have offered their services to the organisation for employment. Thus,…

The off the job development techniques for managers include case study method; management games; role playing etc. Case Study method:- Case study method presents a…

Training is a process of learning a sequence of programmed behavior. It is application of knowledge. It gives people an awareness of the rules and…

“ Compensation refers to a wide range of financial and non-financial rewards to employees for their services rendered to the organisation.” It is paid in…

Base compensation includes monetary benefits to employees in form of wages or salaries. The term ’wage’ is used to denote remuneration to workers doing manual…

1) Demand and supply:- Wage rates of workers depends upon demand and supply force in labour market. If the labour is in short supply, the…

Compensation may be defined as money received in the performance of work, plus the many kinds of benefits and services than organisations provide their employees….

The organisation’s ability to pay Supply and demand of labour The prevailing market rates The cost of living Living wage Productivity Trade union Bargaining power…