Archive | Wage

Top 13 Essentials of a Sound Wage Plan for Workers

This article throws light upon the top thirteen essentials of a sound wage plan for workers. Some of the essentials are: 1. Equitable to All 2. Fair and Adequate Compensation 3. Simplicity, Certainty and Flexibility 4. Incentive Wages 5. Merit Rating 6. Minimum Guaranteed Earnings Base Rate 7. Easy Collective Bargaining 8. Wage Control 9. Significance of Economic Reward 10. [...]

By |2016-07-12T14:11:11+05:30July 12, 2016|Wage Plan|Comments Off on Top 13 Essentials of a Sound Wage Plan for Workers
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Wage Incentive Plans: Objectives, Advantages, Limitations and Types

Wage Incentive Plans: Objectives, Advantages, Limitations and Types! Wage incentive refers to performance linked compensation paid to improve motivation and productivity. It is the monetary inducements offered to employees to make them perform beyond the acceptance standards. […]

By |2014-02-08T04:45:43+05:30February 7, 2014|Wage|Comments Off on Wage Incentive Plans: Objectives, Advantages, Limitations and Types
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