Everything you need to know about the wage determination process. Wage determination is a complex process. The steps involved in determining wage rates involves performing job analysis, wage surveys, analysis of relevant organisational problems, forming wage structure, framing rules of wage administration, explaining these to employees, assigning grades and price to each job and paying the guaranteed wage. The process [...]
Everything you need to know about talent management. A talented employee with high potential can make a significant difference to the current and future performance of the organization. In fact, talent management is considered as a driver to organizational success. According to the Society of Human Resource Management's (SHRM) glossary of terms, talent management is 'the implementation of integrated strategies [...]
Everything you need to know about induction in human resource management. Induction means introduction of a new employee to the job and the organization. It is the process of receiving and welcoming an employee when he first joins a company and giving him the basic information he needs to settle down quickly and happily and start work. It is a [...]