Everything you need to know about the theories of wages. Wage means "any economic compensation paid by the employer under some contract to his workers for the services rendered by them". It includes family allowance, relief pay, financial support and other benefits. In the narrower sense wages are the price paid for the services of labour in the process of [...]
Everything you need to know about promotion of employees in an organization. Promotion means advancement in terms of job designation, salary and benefits. The employee progresses to a better job with increased responsibility, more prestige and status. It is basically a reward for efficiency promotion is conferment of additional benefits, usually is the form of higher pay, for an increase [...]
Everything you need to know about – On the job training methods. On-the job methods usually involve training in the total job. These methods are typically conducted by individuals, workers, or supervisors. The main advantage is that the trainees learn while actually performing their work, which may minimize the training costs. OJT is the heart and soul of all training [...]