Rowan Plan is an Individual incentive plan and modified from Halsey Plan. It is developed by James Rowan. Under this plan, a minimum time wage is guaranteed to every worker. …
Halsey or Weir Plan is Individual incentive plan, earning are related directly to the performance of the individual worker. The plan was developed by F.A. Halsey. Under this Plan, a …
When its difficult to measure or determine the performance of an individual, several workers are required to perform a task and measure in a group. Under this plan, bonuses are …
In this plan earning are related directly to the performance of the individual worker. It may be based on Time or Output. Under Time-Based Plans- Standard time is determined and …
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 …
Ex- Purchased plant for ₹3,00,000 by paying ₹ 15,000 in cash and balance at a later date. It affects Cash and Plant and Machinery on the assets side and liabilities …
Ex-Introduced ₹8,00,000 as cash and ₹ 50,000 by stock. It affects Cash and Inventory on the assets side and Capital on the other hand. There is an increase in cash …
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 …
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 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 …
