Compensation Administration is a strategic management tool of compensation management and HR management to match productivity with cost of labour and employees to get satisfaction of their worth and values. Compensation Administration then fulfils the objectives of both the employers and the employees. Compensation administration refers to the tasks of compensation managers in designing and implementing a pay program. Taking [...]
Succession planning is "the process of ensuring a suitable supply of successors for current and future senior jobs arising from business strategy so that the careers of individuals can be planned and managed to optimise the organisations' needs and individuals' aspirations". The growth and development of an organisation requires a succession of people to fill various important positions in the [...]
Employee involvement is regarded as the powerful behavioural tool for managing the industrial relations system. This is being viewed differently by different people. It is a joint consultation prior to decision making. The management experts look upon it as a tool for improving the overall performance of an enterprise. For them it means that employees are given an opportunity to [...]