HR

Definition: In Human Resource Management, Stress is defined as a state of mental and emotional pressure or strain, caused by challenging or unfavourable circumstances. It is an outside force that rules an individual's feelings and behaviour. It is a person's response to an external factor (stimulus, known as the stressor) in the environment and the outcome of such reaction. … [Read more...] about Stress

Definition: Interview refers to a formal, in-depth conversation between two or more persons, wherein the exchange of information takes place, with a view of checking a candidate's acceptability for the job. Objectives of Interview To evaluate the applicant's suitability. To gain additional information from the candidate. To provide general information about the … [Read more...] about Interview

Definition: Dispute Resolution refers to a technique of settling the conflicts or claims between two parties, i.e. employer and employees. The technique aims at achieving fairness for both the groups and arriving at an agreement between by consensus, often initiated by a third party. These disputes are caused by wage demands, unfair labour practices, political interferences, … [Read more...] about Dispute Resolution

Definition: Under Emerson Plan, the standard time for the completion of a task is fixed against which the actual performance of the workers is measured. The worker’s efficiency can be determined by dividing the time taken by the standard time. In Emerson Plan, the worker is paid only the time rate for the efficiency up to 67%. At 100% efficiency, the worker is paid time … [Read more...] about Emerson Plan

Definition: Under Gantt Task System, the standard time is fixed for the completion of a task based on a careful time and motion study. The worker’s actual performance is compared against the standard time to determine his efficiency and make the payments accordingly. The Gantt task system guarantees the worker’s time-rate for the level of output below the standard. Thus, if … [Read more...] about Gantt Task System

Definition: The Merrick Differential Piece-Rate System is a modification of Taylor’s differential piece-rate system in which three piece-rates are used to distinguish between the beginners, the average workers, and the superior workers, against two piece-rates in Taylor’s system. The worker is paid the straight price rate up to 83% of the standard output, 10 % above the … [Read more...] about Merrick Differential Piece-Rate System

Definition: Taylor’s Differential Piece-Rate System was introduced by F.W. Taylor, who believed that the workers should be paid on the basis of their degree of efficiencies. Under this method, with the help of Time and Motion Study, the standard time for the completion of a job is fixed on the basis of which the performance of the workers is evaluated. Taylor’s differential … [Read more...] about Taylor’s Differential Piece-Rate System

Definition: Under High Standard Hour System, the earnings of the worker vary in the same proportion to the level of output, as in the case of the standard hour system, but the increment in the earnings for each additional unit of output above standard is significant. In other words, the high standard hour system implies that the worker’s earnings start increasing once the … [Read more...] about High Standard Hour System

Definition: High Piece Rate System is an incentive scheme similar to the straight piece-work system, in which the worker’s earnings are in proportion to his level of output, but however, the increment in earnings for each additional unit of output above the standard is much greater. In other words, high piece rate system implies that the increment in the worker’s earnings … [Read more...] about High Piece Rate System

Definition: The Bedaux Plan is an incentive scheme in which the standard time for the completion of a job is fixed and the rate per hour is defined. Each minute of the standard time is called as point or B, such as in one hour there are 60 Bs. Under Bedaux plan, every job has a standard number of Bs. If the worker completes the job in more than standard hours, then he is … [Read more...] about Bedaux Plan