Summary List of summaries for Principle of Human resource management

Chapter & :
compensation
and
benefits

, ·
Introduction

Pay-for-performance systems
·




Benefishing a
pay
structure



relevant ?
why is it

·
Incentive effects
the level
pay influences or
intensity of individual
>
-




and attributes the
aggregate
motivation ,
holding of
workforce constant .



Sorting effects
·




-The impact via its
of pay impact on the composition
of the
workforce :
#
types of pay systems may coure

to and
=
types of people to
apply stay
with an


organization
Labour portion the total
casts eat up a
significant of
·




budget
>
-




depends on
industry country
,
...




Termindagy
Compensation employee : reward that includes bar
pay &
& salary add-ons and variable pay) banures) and
wages
sometimes to direct
is
referred se
pay
>
-



wage :
paid on an
hourly basis
Salary based paid regardless of of hours of work
:
>
-
on time
,