Wages Wages are a remuneration paid to labourers for its services in production. Labour refers to all kinds of workers, skilled and unskilled, physical and mental, etc. They may receive wages, salaries, fees, commission etc. Money wages and real wages.…

 Wages Wages are a remuneration paid to labourers for its services in production. Labour refers to all kinds of workers, skilled and unskilled, physical and mental, etc. They may receive wages, salaries, fees, commission etc. Wages means all remunerations (whether…

  MPM (Semester – I) ECONOMICS FOR HUMAN RESOURCE MANAGEMENT (CBCS – 2013 Pattern)   Time: 2 ½ Hours                                                                     Max marks 50. Instructions 1) All questions are compulsory. 2) Each question is having option. 3) All questions carry 10…

The following acts have been enacted to promote the conditions of labour and to regulate the relations between the employer and employee keeping in view the development of industry and national economy. 1] The Apprentices Act 2] The Bonded Labour…

Meaning of Retrenchment Retrenchment is like a lay-off, also results in separation of the employee from the organization. Retrenchment means a permanent termination of the services of an employee for economic reasons in a going concern. Notice of Retrenchment As…

In the Industrial Act of 1947, the definition of lay-off and provisions relating to lay-off have been made. Lay-off is a less severe form of involuntary termination. It refers to a company’s decision to terminate an employee. In lay-off, an…

1. Definition of employee suspension Suspension is a serious punishment. Suspension is a common practice in the workplace for being in violation of company policy. Employees have to stop temporary from work. In simple words it means the employee is…

Dismissal and termination of employment A person has been dismissed from their employment when His/her employment is terminated at the initiative of the employer or He/she resigns employment but the resignation was forced by the conduct, or a course of…

“A discharge is the act or instrument by which a contract or agreement is ended”. Or “To end the service of (someone) in a formal or official way; to release (someone) from duty”. Sometimes, management takes initiative in separating the…

Brain drain vs. brain gain Poor material conditions force lots of people to migrate every day. They leave their homes and cross the borders to migrate to new places with better job prospects and higher wages, necessary to lead a…