Scanlon Plan

It is the group incentive plan. It is the plan wide scheme designed to involve workers in making suggestions for reducing the cost of operations and improving work methods by …

Wage Incentives

It refers to performance-linked compensation paid to improve the motivation and productivity of employees. It implies monetary inducement offered to employees to perform beyond accepted standards.  It includes all the …

Outplacement

It is the human resource program used to help separate employees deal with the emotional stress of job loss and to provide assistance in finding a new job.  It helps …

Stay Interview

The interview is taken to understand employee better.  The stay interview is an opportunity to build trust with employees and to assess the degree of employee satisfaction and engagement that …

Exit Interview

Exit Interview is an interview held with an employee who is leaving the organization voluntarily. Purpose- It is to find out the reasons why the employee is leaving and/or to …

Hiring Freeze

This involves not hiring new employees for a certain period.  A hiring freeze is when a company suddenly stops hiring new employees to fill company positions. A company might continue …

Dismissal

It refers to terminating the service of an employee by way of punishment for misconduct or unsatisfactory performance. Unsatisfactory performance includes persistent failure of the employee to perform his job …

Retrenchment

It is the permanent termination of an employee’s service for economic reasons in a going concern. It is termination due to the redundancy of the workforce. It is a business …

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