Everything you need to know about compensation management. Compensation or reward management is concerned with the formulation and implementation of strategies and policies which are to reward people fairly, equitably and consistently in accordance with their value to the organizations and to help the organization to achieve its strategic goals. It deals with the design, implementation and maintenance of reward [...]
Everything you need to know about the history of human resource management. The correct period of the origin of HRM is debatable subject but its activities have been performed since ancient times. HRM appears to have its origins in the United States in the 1950s but it did not gain wide recognition until the beginning of the 1980s and in [...]
Everything you need to know about collective bargaining. Collective bargaining typically refers to the negotiation, administration and interpretation of a written agreement between two parties that covers a specific period of time. This agreement or contract lays-out in specific terms the conditions of employment, puts some limits on employees and restricts management's authority. It is the practice in which union [...]