Everything you need to know about the the concept of wages in HRM (with minimum wages calculation). Wages may be used to describe one of the several concepts, including wage rates, straight time average hourly earnings, gross average hourly earnings, weekly earnings, weekly take home pay and annual earnings. Money paid to the workers is considered as wages. The wage [...]
Industry factors have been found to play a dominant role in the performance of many companies, with the exception of those that are its notable leaders or failures. As such, one needs to understand these factors at the outset before delving into the characteristics of a specific firm. Michael Porter, a leading ‘authority on industry analysis, proposed a systematic means [...]
After reading this article you will learn about the various stages in the evolution of industry. Since the early middle ages there were not many kinds of industries, because the needs of the people were limited. They were only interested in meeting the basic necessities of life such as food, clothing and housing. The people were not much literate and [...]