Compensation

Discuss the various principles of Remuneration.

Leave a Comment / MPA-014: HUMAN RESOURCE MANAGEMENT /

Introduction Remuneration refers to the total compensation an employee receives in return for their services to an organization. It includes basic salary, bonuses, incentives, and benefits. Designing a fair and effective remuneration system is essential for attracting, retaining, and motivating employees. Several principles guide the formulation of remuneration policies in an organization. What is Remuneration? […]

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What do you mean by Job Evaluation? List the advantages of Job Evaluation?

Leave a Comment / TS-7: HUMAN RESOURCE DEVELOPMENT /

Introduction Job evaluation is a systematic process of determining the relative worth of different jobs in an organization. It helps in establishing a fair and equitable pay structure by comparing the content and value of jobs. In the tourism and hospitality sector, where job roles can vary widely, job evaluation ensures consistent and fair compensation

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