Everything you need to know about the characteristics and features of planning. Planning is the first management function to be performed in the process of management. It governs survival, growth and prosperity of any enterprise in a competitive and ever-changing environment. Planning means looking ahead and chalking out future courses of action to be followed. It is rightly said "Well [...]
Everything you need to know about the advantages, disadvantages, benefits and limitations of job evaluation. Job evaluation is the evaluation or rating of jobs to determine their position in the job hierarchy. The evaluation may be achieved through the assignment of points or the use of some other systematic method for essential job requirements, such as skills, experience and responsibility. [...]
In this article we will discuss about the various components of employee compensation. Employee compensation is one of the most strategic and important functions of human resource management. It continues to evolve as part of a system of all the combined rewards that employers offer to employees. Components of compensation means components of remuneration to employees. An average employees in [...]