Wages means the payment that is made by an employer to his workers or employees as remuneration of their work that they have rendered for the employer. This remuneration may be weekly, fortnightly or monthly. Thus, wage means any monetary amount given by an employer to his employees for their services. Yoder and Heneman, "Wages are the compensation of wage [...]
Compensation refers to the remuneration that an employee receives in return for his/her services to the organization. Compensation management is an integral part of human resource management and helps in motivating the employees and improving organizational effectiveness. Compensation is a comprehensive term which includes everything an employee receives in return for his work such as wages, salaries, allowances, benefits and [...]
In this article we will discuss about Consumer Behaviour: 1. Meaning of Consumer Behaviour 2. Examples of Consumer Buying Behaviour 3. Consumer Buying Process 4. Factors Influencing Consumer Behaviour 5. Models of Consumer Decision Making 6. Buying Motives of Consumers 7. Consumer Buying Behaviour 8. Role of Family in Shaping Consumer Behaviour 9. Reference Groups and Its Types and Other [...]