Everything you need to know about the employee compensation. Compensation or Remuneration is a systematic approach to provide monetary value to employees in exchange for work performed by them is called as compensation or remuneration. Compensation may achieve several purposes assisting in recruitment, job performance and job satisfaction. Learn about:- 1. Definitions of Employee Compensation 2. Meaning and Concept of [...]
Everything you need to know about the causes of employee grievance. According to the ILO, a employee grievance is a complaint of one or more workers with respect to wages and allowances, conditions of work and interpretation of service conditions covering such areas as overtime (hereafter OT), leave, transfer, promotion, seniority, job assignment and termination of service. In an organization, [...]
A promotion is an increase in rank which may also be accompanied by a raise in pay, benefits, and responsibility. Most people view promotions positively, as they indicate that the individual being promoted is successful, valuable, and useful. In many workplaces, people actively work towards promotion and its accompanied benefits. Promotion indicates that the employee has a potential for development [...]