Everything you need to know about profit sharing. Profit sharing is a method of industrial remuneration under which an employer pays his employees a share in the annual net profits of the enterprise as fixed in advance. The share is in addition to wages is not based on time or output. Profit sharing ill not a system of wage payment. [...]
Everything you need to know about the traditional methods of performance appraisal. Performance of employees can be evaluated with the help of both traditional and modern methods of appraisal. Appraisal can also be either informal or formal. Informal appraisal is carried out in order to communicate to the subordinates about their performance on a day to day basis. Traditional methods [...]