Various methods of remunerating labour are: 1. Time or Day Rate System 2. Straight Piece Work Rate System 3. Time Rate v/s Piece Rate System 4. Incentives and Profit Sharing 5. Bonus System. Method # 1. Time or Day Rate System: This is the most common system found in practice. Under this the worker is paid an hourly, daily, weekly [...]
After reading this article you will learn about the key points for maintenance of human resources. Maintenance function of human resource management is concerned with protecting and promoting the physical and mental health of employees. In order to achieve these objective several types of fringe-benefits such as housing, medical and, educational facilities, conveyance facilities etc. are provided to the employees. [...]
This article throws light upon the top fifteen welfare measures for workers. Some of the measures are: 1. Hours of Work and Adequate Wages 2. To Avoid Industrial Fatigue and Rest Pauses 3. To Avoid Accident and Safety Precautions 4. Fire Protection 5. Lighting and Ventilation 6. Labour Discontent 7. Industrial Housing 8. Transport 9. Education 10. Lunch Rooms and [...]