Rationalising Wages -
HRM’s Comfort
A motivated employee team is an asset to
an organisation or a company. Its fortunes
largely rest on the level of performan...
The attrition statistics has increased manifold
in recent times. And the reasons for the
malaise are perhaps not probed by...
Employees performance and motivation are the
critical aspects for the success of a company.
Rewards and remunerations act ...
A fair and equitable pay-structure that is
rewarding and inspiring, and would not incite
envy amongst colleagues should fo...
Rationalisation is the process of implementing
compensation system that fairly treats and recognizes
all employees regardl...
A healthy wage policy requires that employees
should receive monetary compensation for the
contribution they make, and the...
http://www.rchilli.com
+1-713-343-7250
+91-9915725658
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INDIA:
info@rchilli.comEmail:
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Rationalising Wages - HRM’s Comfort

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A motivated employee team is an asset to an organization or a company. Its fortunes largely rest on the level of performance of its employees. The level of performance stems from the satisfaction level of the employees.

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Rationalising Wages - HRM’s Comfort

  1. 1. Rationalising Wages - HRM’s Comfort
  2. 2. A motivated employee team is an asset to an organisation or a company. Its fortunes largely rest on the level of performance of its employee The level of performance stems from the satisfaction level of the employees. Employees act charged and motivated if they are adequately compensated and nourished in terms of wage, perks, honour and security.
  3. 3. The attrition statistics has increased manifold in recent times. And the reasons for the malaise are perhaps not probed by the sundry companies. The main reason behind the growing attrition rate can be attributed to employees'grouse against wage receipts in the present employment.
  4. 4. Employees performance and motivation are the critical aspects for the success of a company. Rewards and remunerations act as fuel to keep the flame ignited It now falls upon the HRM team to safeguard company's interests and tide over the exodus of skilled manpower by rationalising the wage structure in the industry.
  5. 5. A fair and equitable pay-structure that is rewarding and inspiring, and would not incite envy amongst colleagues should form the basis of wage policy. Special awards and incentives to outstanding performers should also be instituted.
  6. 6. Rationalisation is the process of implementing compensation system that fairly treats and recognizes all employees regardless of their status within the organization. It assures matching remuneration with the contribution made, particularly when job priorities demand a shift.
  7. 7. A healthy wage policy requires that employees should receive monetary compensation for the contribution they make, and the positions of equal value should carry equal compensation. The process automates efficiency, competition and a hassle free HRM.
  8. 8. http://www.rchilli.com +1-713-343-7250 +91-9915725658 URL: USA: INDIA: info@rchilli.comEmail:

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