After reading this article you will learn about:- 1. Meaning of Compensation 2. Objectives of Paying Compensation 3. Forms 4. Factors 5. Features. Meaning of Compensation: Employees work to earn money (wages or salary). This money is broadly termed as compensation. It is the reward they want from management in return for services rendered to the organisation. Compensation or paying [...]
This article throws light upon the five major methods of training employees. The methods are: 1. On the Job Training 2. Vestibule School 3. Apprenticeship 4. Special Courses 5. Classroom Methods. Method # 1. On the Job Training: This system of training the employees is more widely used, provided the number of employees to be trained is limited at the [...]
This article throws light upon the top eight benefits of training your employees. The benefits are: 1. Increased Productivity 2. Higher Employee Morale 3. Reduced Supervision 4. Reduced Accidents, Spoiled Works, Damage to Equipment and Machinery 5. Increased Organizational Stability and Flexibility 6. Self-development, Versatility and Adaptability 7. Reduced Turnover and Absenteeism 8. Talents Locations. Increased Productivity: Increase in skill [...]