My HR Articles

  What is compensations & benefits? Compensation and benefits refers back to the compensation/salary and different economic and non-economic benefits passed on with the aid of using a corporation to its employees in go back for his or her services. Compensation and benefits is a crucial thing of HRM because it facilitates to preserve the body of workers encouraged are the maximum crucial hygiene factors. It facilitates supply advantages to employees primarily based totally on their overall performance and moves and brings the best out the employees at workplace (Odunlade, 2012) . Importance of compensation & benefits: Companies hire people individual to attain their organizational desires and those be part of groups to earn cash & construct their career. One of the largest elements why people be part of groups in the compensation and advantages , salaries, perks, incentives etc. that is given to them. Apart from the company's recognition and task ...

  Ha vi n g a poo l o f g oo d e m p l o y e e s a n d d e v e l op i n g t h eir l o y a l t y b e c o m es e x tr e m e l y i m por ta n t a n d a c o n t i n u i n g c h all e ng e. C on s t a n t a n d s ys t e m atic a ppro a ch to r e cr u i t m e n t a n d s ele c ti o n a n d trai n i n g a n d d e v el o p m e n t r e du c e s m o v i n g f r o m o n e j o b to a no t h er j o b a n d e n s u r e s l o n g - te r m e m p l o ym e n t; i n te r n al pr o m o ti o n pr a c tices w it h a l itt l e r e cog n i t i o n g i v en to s e n i or i t y a n d t h e i m p l e m e n t a ti o n o f t h e prod u c ti v i t y - l i nk ed w a g e s ys t e m w o u ld c r e a te a m o r e c o mm i tted e m p l o y ee t o w a rd s t h e c o m p a n y (Truitt, 2011) . At present the employee loyalty is a key aspect with inside the dynamic business world. The worker loyalty is a main aspect that is affected without delay to t...