The term incentive means an inducement that motivates or stimulates one to action in a desired direction. Therefore, any wage system that induces a worker to produce more is called "incentive wage system." Incentive wage is a monetary inducement offered to employees to show the performance beyond the standard fixed. Incentive is one of the important factors for inducing and [...]
Wages means the payment that is made by an employer to his workers or employees as remuneration of their work that they have rendered for the employer. This remuneration may be weekly, fortnightly or monthly. Thus, wage means any monetary amount given by an employer to his employees for their services. Yoder and Heneman, "Wages are the compensation of wage [...]
Identification of training needs is the stepping stone in the appropriate management training system on which the entire edifice of training programme is built. To make the training, development, and delivery easier, one has to have detailed knowledge about the requirements of the organization. The process must be focused, goal directed, and tuned with the achievement of business needs in [...]