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 plans that provide extra pay for extra performance in addition …
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 to reduce some risks like- negative publicity, litigations, reduction in …
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 exists in a department or company. For employers – not …
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 provide counselling and assistance in finding a new job. It …
This involves not hiring new employees for a certain period. PDF – https://drive.google.com/file/d/1JvT4OWhQ-Zjg_P9ZahrzoRpCCpzI5y7S/view?usp=sharing A hiring freeze is when a company suddenly stops hiring new employees to fill company positions. A company might continue to hire new employees for roles deemed …
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 to the specified standards. Pdf – https://drive.google.com/file/d/1BVtK8sMy6KhrtMvR30sSMNkUTuWGZMSR/view?usp=sharing Misconduct means willful …
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 strategy to reduce the company’s expenses. PDF
It is executive compensation, where signing a bonus is given to the executive to induce him/her to leave the previous organization in order to take up new employment by way of payment of a large sum of consideration. That is …
It is a Contractual Agreement. Agreement to make sure that a valued staff member stays at its job, by which they are offered special financial advantages if they stay and penalties if they leave. PDF
