Everything you need to know about collective bargaining. Collective bargaining refers to a process by which employers on the one hand and representatives of employees on the other, attempt to arrive at agreements concerning the conditions under which employees will contribute and be compensated for their services. According to the ILO, collective bargaining involves "negotiations about working conditions and terms [...]
Everything you need to know about the types of fringe benefits provided to employees. Fringe benefits are the programs conducted for the benefit of employees. These are offered by the employers and are not included in I their wages or salaries. Fringe benefits can make up approximately 30 % of the total remuneration of employees. These benefits are offered to [...]
Everything you need to know about strategic human resource management. Strategic human resource management refers to adopting a specific plan in regard to human resources, and revamping human resource policies and practices, and developing employee competencies to cope with the special or challenging situations. SHRM is essential in both large as well as in small companies. In small companies, it [...]