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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 [...]

By |2020-10-23T11:55:19+05:30October 23, 2020|Incentive|Comments Off on Incentive

Resource Allocation

Allocation of resources is both a one-time and a continuous process. The implementation of a project would require the allocation of resources. An on-going business concern would also require a continual infusion of resources. The allocation of resources may take place at the corporate level i.e. by the Board of Directors and /or the CEO. This is known as the [...]

By |2020-10-23T11:54:41+05:30October 23, 2020|Resource Allocation|Comments Off on Resource Allocation


Downsizing literally means reducing the size of the organisation in order to cut costs, hive off unprofitable operations and improve operational efficiency. In fact, it is a restructuring process to meet the challenges of the environment. In the context of human resource management, downsizing involves elimination of certain jobs with a view to cut pay bill and improves work efficiency. [...]

By |2020-05-14T18:10:35+05:30May 14, 2020|Downsizing|Comments Off on Downsizing
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