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Establishing Pay Plans
Pay plan is concerned with assigning a monetary value to each job in the organization. Steps: 1. Job A nalysis: Process of describing the duties of a job, auth…
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Compensation - Meaning, Purpose & Determinants of Compensation Policy
Compensation: Compensation refers to all forms of financial returns, tangible service, and benefits employees receive as part of an employee relationship. -Mi…
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Popular MBA Entrance Exams in India
1. CAT: Common Admission Test by IIMs 2. MAT: Management Aptitude Test by AIMA 3. XAT: MBA Entrance Test by XLRI Jamshedpur 4. JMET: Joint Management Entra…
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Difference between B.Com (Honours) and B.Com (Pass)
A number of students get confused after their class 12th result, whether to opt for B com - Honours or B com - Pass. and why is it that the cut-off for one B.C…
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Management by Objective (MBO)
MBO is a process that converts organizational objectives in to individual objectives. Steps of Management by Objective (MBO) 1. Goal Setting: Generally super…
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Factors that can Distort Appraisals
• Leniency Error: Every evaluator has his or her own value system which acts as a standard against which appraisals are made. Some evaluator mark high and othe…
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Methods of Performance Evaluation
A) Relative Standards: Performance of individuals are compared against other individuals. Major relative standards major are: 1. Individual Ranking: superv…
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Performance Evaluation: Meaning, Purposes, Plans, Process & Uses
Once the employee has been selected, trained & motivated the next step of management is to find out how effective it has been at hiring and placing. The to…
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Career Development
Career development consists of personal improvements undertaken by the individual employee, training, development and educational programs provided by the orga…
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Career Planning: Meaning, Purpose and Process
A career is a sequence of positions occupied by a person during the course of a lifetime. - Decenzo & Robbins Career is a sequence of separate but related …
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