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September 10, 2016September 13, 2016

Fringe Benefits, Need for Fringe Benefits, It’s Objectives And Types

Fringe benefits offered by BHEL to its employees: Profit Sharing, Production Bonus, Club & Gym, Cell & its Bill, Subsidised Food, Interest Free Festival advance, Leave Travel Reimbursement, Leave Travel encashment, Car Loan, Travel Allowance, News Paper & Periodical, Professional Membership fee, free medical ( till life lasts), Computer at office, Lap top For … Continue reading Fringe Benefits, Need for Fringe Benefits, It’s Objectives And Types

September 10, 2016September 13, 2016

All About Patents

Meaning of the term Patent: It refers to some grant of privilege, property or authority made by the government or the sovereign of the country to one or more individuals. The instrument by which such grant is made is known as Patent. The term Patent acquired statutory meaning in India when the Patent’s Act was … Continue reading All About Patents

September 10, 2016September 13, 2016

Maslow’s Need Hierarchy Theory

Let’s get to know Maslow first: Full Name: Abraham Malow Born:1st April, 1908 ( on fool’s day), Died: 8th June, 1970 (Click to read more) Note: We have added some additional points in the notes to help you understand the theory better. And now let’s get to theory. According to Maslow human needs can be … Continue reading Maslow’s Need Hierarchy Theory

September 10, 2016September 17, 2016

Wage And Salary Administration

Definition: Wage and Salary Administration refers to the establishment and implementation of sound policies and practices of employee compensation. It includes such areas as job evaluation, surveys of wage and salaries, analysis of relevant organisational problems, development and maintenance of wage structure, establishing rules for administering wages, wage payments incentives, benefits including health insurance,profit sharing, wage changes and adjustments, supplementary payments, control of compensation costs and other related items. Nature and Purpose: … Continue reading Wage And Salary Administration

September 10, 2016September 13, 2016

Roles of HR Manager

Before moving to the theory part let’s just checkout a famous HR department: FedEx Corporation Image Source FedEx Corporation holds a track record of success, from delivery to customer service. In the early 1970s, the company developed a philosophy that still stands strong today – People-Service-Profit. The foundational belief is that excellent care of employees … Continue reading Roles of HR Manager

September 10, 2016September 13, 2016

Functions of HR Manager

Before moving to the theory part let’s just checkout a famous HR department: Marks & Spencer Image Source Known worldwide, Marks & Spencer is one of the best-loved retail brands, but they didn’t reach the top through marketing efforts. It was their HR strategies. Employee engagement puts Marks & Spencer at the top of the … Continue reading Functions of HR Manager