Wage determination Wages mean any economic compensation paid by the employer under some contract to his workers for the services rendered by them. Wages, therefore, include family allowance, relief pay, financial support and other benefits. But, in the narrower sense wages are the price paid for the services of labour in the process of production […]
Month: February 2019
Potential Assessment
Potential assessment Generally, people earn promotions on the basis of their past performance. The past performance is considered a good indicator of future job success. This could be true if the roles to be played by the promotes are similar. However, in actual practice, the roles that a job holder has played in the past […]
Exit Policy and Implications
Exit Policy and Implications The term ‘exit’ means the right of an industrial unit to close down. Exit policy means the policy regarding the retrenchment of the surplus labour force resulting from restructuring of industrial units and workers displaced by the closure of sick units. Exit may become necessary due to strategic reasons, financial constraints […]
HRD Matrix – Instruments, Processes, Outcomes and Organizational Effectiveness
HRD Matrix The HRD Matrix shows the interrelationships between HRD instruments, processes, outcomes and organisational effectiveness as shown in the following figure: 1. HRD instruments These include performance appraisal, counselling, role analysis, potential development, training, communication policies, job rotations, rewards, job enrichment programmes, etc. These instruments may vary depending on the size of the […]