Everything you need to know about the process of collective bargaining. Collective bargaining is a process by which employers and employees confer in good faith and come to an understanding about the terms and conditions of work and other related aspects. The objective of bargaining is to settle matters on discussion tables with mutual consent and cooperation. Management is usually [...]
Everything you need to know about the factors affecting industrial relations. The term 'industrial relations' means the relationship between labour and management which arises through interactive processes. Both labour and management interact with each other on different issues-may be the issues relating to employment terms and conditions as specified in the standing orders/bipartite settlement, HR practices or the issues concerning [...]
Everything you need to know about compensation management. Compensation or reward management is concerned with the formulation and implementation of strategies and policies which are to reward people fairly, equitably and consistently in accordance with their value to the organizations and to help the organization to achieve its strategic goals. It deals with the design, implementation and maintenance of reward [...]