Everything you need to know about the objectives of workers participation in management (wpm). Worker’s Participation gives the worker a sense of importance, pride and accomplishment; it gives him freedom and opportunity for expression; a feeling of belonging to the place of work, and a sense of workmanship and creativity. It provides for the integration of his interests with those [...]
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 the types of trade unions. Trade unions fight for workers' rights. As powerful agents of workers, they seek to extract all kinds of incentives, benefits for workers. Through joint action, they provide solid protection to workers and see that the domination of the employer over the industrial arena is contained. Apart from wages and [...]